Illinois Municipal Retirement Fund sinks hundreds of millions into credit funds

The Illinois Municipal Retirement Fund has invested more than half a billion dollars into several credit and direct lending funds

Beverage holding company launches new $100 million credit fund
Beverage holding company seeks to fuel the bourbon business with new $100 million credit fund

BlackRock eyes next infra debt fund
BlackRock Alternatives is looking to launch a second global infrastructure debt fund, shortly after the departure of its European head of debt

Columbia Advisory Partners launches new private credit fund
Washington state-based investment firm Columbia Advisory Partners creates new credit fund

KKR adds new evergreen fund to direct lending line-up
Investment giant KKR has launched a new direct lending fund, according to fund filings

Blackstone closes energy transition fund at over $7.1 billion
Blackstone builds on sustainable credit platform with the final close of a new $7.1 billion green fund 

Asset manager launches credit fund focused on sustainable initiatives
Sustainably-focused asset manager Power Sustainable has launched credit fund with plans to invest in energy, transportation, social and digital and other sustainable infrastructures

PGIM launches new ETF targeting CLO triple A notes
PGIM has launched its first CLO-focused exchange traded fund targeting investments in triple A debt tranches

NB raises $2.5 billion for structured equity fund
Neuberger Berman has announced the close of its NB Credit Opportunities Fund II. The fund raised approximately $2.5 billion of limited partner commitments.

Comvest raises $2 billion for new private credit fund
Comvest Partners has announced that Comvest Credit Partners, its direct lending platform, has completed the final close of its latest flagship fund, Comvest Credit Partners VI.

Food and beverage specialist launches second private credit fund
Proterra Investment Partners has announced the close of its second private credit fund, Proterra Credit Fund 2, with the new fund closing above its initial $500 million hard cap.

Panagram launches its second CLO ETF of the year
Panagram Structured Asset Management has launched its second CLO exchange traded fund of 2023, naming the fund Panagram AAA CLO ETF

Private credit fundraising continues as two new funds launch
Private credit funds continue to see growth with two new US funds launching this week.

ABL lending fund completes final close with $1.7 billion in commitments
Asset-based lending fund accepts $1.7 billion in capital commitments from a global set of institutional and retail investors. 

Wall Street veterans spin off credit fund to start their own firm
Two credit industry veterans spin off fund to start their own firm in New York. 

CVC closes third captive equity fund
CVC Credit has announced the final close of its latest captive equity fund, CVC CLO Equity III, with a mammoth $800 million of commitments.

Medalist Partners doubles size of private credit fund in final closing round
Medalist Partners enters final closing stages of its most recent private credit fund, nearly doubling the size of capital commitments from previous funds. 

Union Bancaire Privée adds new strategy to fixed income plans
Union Bancaire Privée has expanded its fixed income offering with a new high-income strategy investing in high-yield bonds, subordinate corporate and financial debt and securitized credit, such as CLOs