BlackRock seeks $1 billion for new multi-strat opportunities fund1 day ago
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal
Michigan pension fund looks to commit $80 million to debt funds2 days ago
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners
Pennsylvania pension awards $50 million to distressed debt fund8 days ago
The $27.5 billion Pennsylvania pension fund has made a further $50 million commitment to TPG Sixth Street Partners
Invesco raises $150 million for distressed debt fund18 days ago
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings
TPG credit fund edges nearer $3 billion final after $150 million pension mandate19 days ago
TPG Sixth Street Partners, the credit arm of private equity giant TPG, has been awarded $150 million for TSSP Opportunities Partners IV
Indonesian property developers: cracks reopen as liquidity dries up22 days ago
Indonesian developers didn’t fully recover from the 2013 taper tantrum. And now, as development costs and interest payments eat into their capital, they are looking far from stable
Credit interval funds thrive as investors value liquidity profile23 days ago
“The interval fund structure’s time has come," says BlueBay's Blair Reid
Experienced CSAM holds off boutiques to win biggest prize23 days ago
Credit Suisse Asset Management became a two-time winner of the Creditflux Manager of the Year award last month after picking up the 2018 trophy in front of a packed house at London’s Landmark Hotel on 9 May
Brantwood looks to launch credit special situation fund via online portal24 days ago
Houston-based Brantwood Energy Partners is looking to raise capital for its energy credit special situations fund, picking a Canadian online portal to support fundraising efforts
65% of distressed managers plan new funds over the next year, survey finds25 days ago
Distressed debt is proving to be a popular strategy for managers, with 65% intending to launch a distressed strategy in the next 12 months, according to a report by Creditflux’s sister publication Debtwire and law firm Ropes & Gray.
Massachusetts pension fund invests $75 million with TowerBrook30 days ago
Mass PRIM) has made a $75 million commitment to New-York based TowerBrook Capital Partners for its second structured opportunities fund, according to 15 May board documentation
Former Credit Suisse credit heads raise over $400 million for new fund1 month ago
New York-based Arbour Lane Capital Management has raised just over $400 million for its second credit opportunities fund in less than a year, according to US SEC filings
Silver Rock raises $1 billion for opportunistic credit fund1 month ago
Los Angeles based Silver Rock Financial has raised just over $1 billion for its opportunistic credit fund, according to US SEC filings.
Cerberus agrees to acquire €1.1 billion NPL portfolio from AIB1 month ago
Allied Irish Bank has agreed to sell a €1.1 billion NPL portfolio to a consortium led by distressed debt specialist Cerberus
San Francisco pension fund to deploy up to $4.5 billion in private debt1 month ago
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years
CVC hires credit sourcing specialist as managing director1 month ago
CVC Credit has hired Josefa Llinares as managing director, responsible for sourcing credit opportunities across the platform
GoldenTree grows third distressed debt fund to $600 million1 month ago
New York-based GoldenTree Asset Management has raised nearly $600 million for its third distressed debt fund – just over a quarter of its target size
Manager targets €250 million for inaugural Italian direct lending offering1 month ago
Milan-based Main Capital has plans to launch its inaugural Italian private debt fund, which will target €250 million capital commitments, according to Creditflux’s sister publication Unquote
Pension fund ups commitment to TPG special situations fund by $150 million1 month ago
Kern County has upped its commitment to TSSP Adjacent Opportunities Contingent Fund, managed by TPG’s special situations platform TPG Sixth Street Partners, 9 May board documents reveal.
Destra and BlueBay team up to launch credit interval fund1 month ago
Destra has become the latest manager to launch an interval fund - Destra International & Event-Driven Credit Fund - which will focus on two strategies: multi-strategy international credit and event driven credit.
Want all the latest news, comment, analysis and data?