FS Investments readies opportunistic credit fund, targets USD 750m
EXCLUSIVE: The vehicle, which will be the second opportunistic fund from FS, is set to launch in the third quarter of this year

State Street Investment Management eyes CLO entrance
The traditional asset manager is planning to launch a new CLO business, sources familiar tell Creditflux.

CPP Investments backs Varde’s subline strategy launch
The Canadian pension giant provided USD 300m of strategic equity toward the new fund finance platform

Credit funds at a glance – April 2025
Our roundup of top performers, fundraising and moves in credit

BlackRock pushes private markets for revenue diversification
The world’s largest asset manager is planning to launch three new private credit products for the wealth channel, in addition to its purchase of private credit shop HPS

Nomura public-private credit fund opens to the masses with SEC rule change
EXCLUSIVE: The new SEC regime repealed a decades long rule preventing non-accredited investors from gaining access to most private market asset funds

Goldman launches its ninth mezzanine private debt fund
The latest fund follows the USD 15.2bn West Street Mezzanine Partners VIII that closed in 2023

Kohlberg launches debut private credit drawdown fund
The middle-market private equity firm recently priced its first middle market CLO

Remora Capital Partners to launch inaugural private BDC
The firm expects the private BDC to reach a size of around USD 500m in around a year’s time

JPMorgan’s asset management arm seeks to raise direct lending fund
EXCLUSIVE: The asset management unit is raising capital from institutional investors for direct lending as the bank steps up lending from its balance sheet.

BMO Asset Management launches market’s latest CLO ETF
The fund from the Canadian asset manager will invest in AAA-rated CLOs

Audax launches private BDC with USD 1.1bn
The new product is aimed at wealthy individual investors in the US

Generali Investments, Partners team up on private credit secondaries fund
Generali Investments’ debut private credit secondaries fund will invest globally and is available to professional investors

Crayhill raises USD 1.31bn for opportunistic asset-based finance
The firm has already deployed 75% of its latest fund

Oak Hill Advisors fundraising multi-strategy private credit fund for wealthy investors
EXCLUSIVE: the new fund is currently only accepting accredited investors but intends to eventually open the product to the wider wealth channel.

Pantheon raises USD 5.2bn for senior debt secondaries
The latest fund, Pantheon Senior Debt III, was oversubscribed as interest from the insurance channel grows

Europe-based Arini markets first US CLO with big team already in place in the States
EXCLUSIVE: Hamza Lemssouguer's hedge fund is progressing towards debuting its first US issue and building a US CLO managment business with aspirations to do multiple deals a year

PAG raises USD 1.25bn for significant risk transfers
The Hong Kong-based alternative asset manager is expecting the SRT market to grow at a 30% to 40% rate annually over the next few years

KKR, Capital Group set to launch a hybrid private-public credit fund for individuals
The new fund with a low minimum will invest across corporate direct lending, private asset-based lending and public fixed income

AXA IM Alts launches diversified private credit fund for individual investors
The new strategy will invest across the entire private credit spectrum, covering not just direct lending but also asset-backed finance

Lincoln Financial partners with Bain, Partners Group on private credit products for US wealth channel
Lincoln aims to launch the two new private credit products in late 2025

Golub and Arcmont win GBP 350m private credit mandate from UK pensions
The GBP 52bn pension investor is expanding its private market investments

Banner Ridge targets USD 3.2bn for private credit secondaries
The firm will use the latest secondaries fund to buy stakes in private credit funds focused on special situations, distressed debt and opportunistic credit

Blue Owl plans debut asset-backed fund for wealthy individuals
The direct lending firm filed for what would be its first interval fund with the SEC

Blackstone receives SEC approval for private credit interval fund
The new fund will invest across private corporate credit, asset-based credit, real estate debt, structured credit and liquid credit