HPS raises $12 billion for fifth junior capital fund
HPS Investment Partners has closed its fifth junior capital solutions fund, HPS Strategic Investment Partners V, at $12 billion. With leverage, the strategy has $17 billion investable capital

Federated Hermes unveils sustainable global IG credit fund
Federated Hermes Limited today unveiled a sustainable global investment grade credit fund, Federated Hermes Sustainable Global Investment Grade Credit Fund, which complies with Article 9’ of the Sustainable Finance Disclosure Regulation

Nomura's private capital unit launches credit interval fund
Nomura Alternative Income Fund has a flexible allocation across private and public credit sectors, depending on relative value opportunities

Ironshield prepares for distressed opportunities with closed-end fund launch
Ironshield Capital has unveiled a closed-end fund which invests in private credit and illiquid public credit.

Arrow overshoots €2.5 billion target for second credit opps fund
Arrow Global has closed its second credit opportunities fund at its hard cap, collecting around €2.75 billion and exceeding its €2.5 billion target

Ares and Mubadala establish $1 billion global credit secondaries JV
The pair aim to capitalise on the 'anticipated growth and substantial demand’ from managers and investors for customised liquidity solutions

Tikehau preps sixth European direct lending fund launch
Tikehau Capital is preparing to start fundraising for its sixth European direct lending fund, Tikehau Direct Lending VI 

Robeco launches sustainable senior loan fund with €130 million first close
Orix Corporation, Robecco's parent company, has committed a 'significant' amount of the €130 million initial commitments

CLO investor expands into IG tranches with new global fund
The junior CLO debt and equity investor is going up the capital stack to invest in single A and triple B tranches

Mapre launches private debt strategy to bring together subsidiary investments
Mapre Asset Management is bringing together all private debt investments made by the insurance group's subsidiaries, as well as new investments, with the launch of a new private debt fund

Schroders breaks barriers with first Long-Term Asset Fund approval
Schroders has received regulatory approval from the UK’s Financial Conduct Authority to launch the first Long-Term Asset Fund 

Capital Four holds €1 billion first close on senior direct lending fund
Creditflux understands the fund has a €2 billion target

Adams Street targets $4.5 billion for third private credit strategy
Kentucky Public Pensions Authority is planning a re-up to the vehicle, according to a recent investor presentation

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

Amundi aims for €600m for new senior mortgage fund
Amundi is launching Amundi Commercial Real Estate Loans II, a European senior mortgage fund

Pemberton raises $1bn for rare working capital finance strategy
Pemberton says it has raised $1 billion for its working capital finance strategy, in what it believes makes Pemberton one of the first asset managers to offer such a short-term credit strategy to institutional investors

P&G launches leveraged European CLO fund Zoo5
P&G is looking to achieve double-digit returns through a new fund focused on European CLO triple A tranches, named Zoo5

Brigade teams up with UBP for long-short credit Ucits fund
The fund will pursue a long/short credit strategy that combines "fundamental credit selection with structured credit"

Credit funds at a glance (February 2023)
A round up of people moves and fundraising

All Seas closes inaugural mid-market fund at $400 million
All Seas Capital, the European mid-market lender founded by ex-KKR executives Marc Ciancimino and Cristobal Cuart,  has held a $400 million final close on its inaugural fund

BC Credit targets $1.25 billion for third opportunistic credit fund
BC Partners Credit plans to deploy half the fund in private lending and structured equity opportunities and the other half in specialty lending and dislocated liquid credit deals

ICG holds first close on US private credit fund
In total, ICG says it brought it $2.8 billion for its private credit strategies in the quarter

Muzinich holds final close on €800 million European private debt fund
Muzinich & Co says it has held a final close of Muzinich Pan-European Private Debt Fund II at €800 million

Permira closes sixth CLO junior debt and equity fund
Permira Credit has closed its sixth European CLO junior debt and equity fund,  Permira Sigma VI

Carlyle targets $6.5 billion for credit opps fund
Carlyle Group is targeting $6.5 billion for its third opportunistic credit fund, according to a pitchbook seen by Creditflux