Owl Rock recieves $1 billion allocation from California pension
Owl Rock Capital has recieved a $1 billion allocation from the California State Teachers' Retirement System. The mandate will fund Owl Rock's opportunistic credit and diversified lending investments

HPS closes mezzanine debt fund with $11 billion to deploy
New York-based manager HPS has held a final close on HPS Mezzanine Partners 2019

Bain prepares credit dislocation strategy
Bain Capital Credit looks set to raise a fund dedicated to opportunities arising from credit dislocation, just four months after collecting $3.2 billion for its latest distressed debt and special situations vehicle

CIC launches European loan fund
Credit Industriel et Commercial is looking to raise €300 million for a European senior debt fund

Barings launches second North American direct lending fund
Barings has begun fundraising for its second North American-focused direct lending fund, three years after closing the firm’s inaugural strategy.

Evolution lifts AUM to $1.8 billion after launching direct lending strategy
Evolution Credit Partners Management has finalised fundraising for a private debt fund. It has held a $565 million final close on its inaugural middle-market direct lending fund

Mediobanca's private markets division raises $120 million for third fund
Mediobanca’s private banking division and Russell Investments have held a $120 million final close on a third private markets fund

Aegon targets ABS for new fund
Aegon Asset Management says it has launched a global ABS fund with a return target of Euribor plus 500 basis points

Sixth Street registers structured credit SMA
Sixth Street Partners has won a mandate to manage a structured credit separately managed account

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund 

Arrow hits €1.5 billion third close on inaugural European NPL fund
Arrow Global Group has held a third close on its inaugural pan-European nonperforming loan fund

Apollo launches another hybrid debt-equity value fund
Apollo's hybrid value strategy has the ability to invest in both credit and equity, focusing on capital solutions, structured equity and non-control stressed and distressed investments.

Blackstone raises $8 billion for 'largest real estate debt fund ever'
Blackstone is flush with cash to deploy into commercial real estate properties after finalising fundraising on its latest real estate debt fund, Blackstone Real Estate Debt Strategies IV

Barings inks partnership with Mubadala for European mid-market platform
Barings has teamed up with Abu Dhabi state fund Mubadala Investment Company to launch a new European middle market origination platform named Barings Mubadala Enterprise

Ex Apollo veteran launches mid market firm with $350 million seed capital
A credit veteran, perhaps best known for co-founding Apollo's CLO platforn, has set up a new middle market credit firm named FrontWell Capital Partners. The Toronto-headquartered firm starts operations with seed capital of $350 million

Ares pulls in at least €6 billion for European direct lending
Ares Management is well on track for raising its largest European direct lending fund

Pantheon collects $800 million for private credit strategy
The $50.7 billion manager has raised $800 million for a private debt fund, according to US regulatory filings

Pimco appoints Sculptor veteran as head of private credit in Europe
Pimco has hired an experienced figure in the European credit markets as it seeks to grow its special situations business

LP round up: private credit drive gains momentum as Calpers backs Pimco
Private credit continues to be viewed as an attractive investment strategy for institutional investors, with four global allocators outlining new buckets, or increases to the asset class

Tikehau to launch private debt secondaries and impact fund before year-end
Tikehau Capital is close to launching an inaugural private debt secondaries fund and a debut impact fund, with the Paris-headquartered firm outlining plans in its first half 2020 results to unveil both vehicles in the second half of the year

CSAM strikes private credit partnership with Qatar Investment Authority
Credit Suisse Asset Management has signalled a big push into private credit, striking a direct lending partnership with its Quatari-based stakeholder Qatar Investment Authority

Antares collects $3 billion for direct lending fund
Antares Capital wrapped up fundraising for an inaugural senior loan fund on Monday

Equita's second Italian private debt fund reaches €100 million first close
Italy’s Equita Capital has reached halfway to its target size on its second Italian private debt fund, after holding a €100 million first close on the vehicle

Pictet launches unconstrained global credit fund
Pictet Asset Management has launched a new global credit Ucits fund, Pictet-Strategic Credit fund