South Carolina pension system commits USD 100m to asset backed fund
The South Carolina Retirement System recently revealed a commitment made on 27 February of up to USD 100m

New Mexico sovereign wealth fund pumps an additional USD 450m into private credit
The New Mexico State Investment Council latest commitments to private credit total up to USD 450m, spread across three managers

ThinCats unveils GBP 300m fund for UK SMEs
UK-based alternative lender ThinCats has launched a new fund aimed at supporting SMEs in England's Northwest, Midlands, London and the Southeast

Blackstone partners with Finland's S-Bank for European private credit fund
Blackstone has partnered with Finnish S-Bank, making it possible for individual investors in Finland to tap into the European private credit market

Zurich and Pemberton team up for new ELTIF 2.0 private credit fund
The new ELTIF 2.0 fund will give Individual investors and life insurance customers in Europe access to the private debt markets

Monroe Capital expands in Middle East with new hire and Abu Dhabi office
Monroe Capital has hired Waleed Noor as managing director and head of Middle East distribution, as private credit funds continue to target LPs in the region

BlackRock names new head of private credit for India
BlackRock's Maheshwar Nataraj gets a promotion as Dhruva Agarwal departs. 

Apollo launches new BDC backed by Mubadala
Apollo has created a new private BDC that will invest money from Abu Dhabi-based sovereign wealth fund Mubadala Investment Company, in addition to other institutional investors.

Akin Gump hires Paul Hastings partner for private credit practice
The New York-based partner will join the growing special situations and private credit practice.

Schroders Capital adds new global head of business development and product
Schroders Capital turned to ICG to source its newly-created role of global head of business development and product

Cincinnati Retirement System allocates USD 90m to private credit
The Cincinnati Retirement System committed a total of USD 90m to three separate private credit funds at its 1 February meeting

Barings launches legal proceedings against Corinthia and two senior defectors
Barings has commenced legal proceedings against two former senior executives who last week defected to Corinthia Global Management

DWS expands in London with new senior investment manager role
London-based Roscoe Roman has joined German asset manager DWS, in the newly created role of senior investment manager for alternative credit (EMEA)

Advantages of non-sponsored direct lending recognised as pensions increase allocations
Non-sponsored direct lending is on the rise despite its inherent challenges, with pension systems upping allocations to funds dedicated to non-sponsored private credit.

APAC investors target private credit opportunities in Australia after quitting China
While Asia continues to play catch-up in global private credit, Australia and New Zealand are leading the charge in Asia Pacific — for both lenders and borrowers.

Equity piles up in European direct lending portfolios after debt swaps
European debt funds have fully or partially equitised at least 61 loans provided to companies backed by some of the biggest names in private equity since 2018, analysis by Debtwire shows.

Credit hedge funds
Credit hedge funds

Credit funds at a glance
Credit funds at a glance

Nomura-backed Corinthia lifts private credit team from Barings
More than 20 members of the global private credit team at Barings have jumped ship and joined Corinthia Global Management, a new platform backed by Nomura Holdings

Goldentree closes on USD 1.4bn private credit fund
GoldenTree Asset Management announced the closing of its Private Credit Fund today, with secured commitments of USD 1.35bn

Direct lender and CLO manager expands into Japan
The US private credit and direct lending specialist has opened its first Japanese office, and hired a new senior VP to oversee the office

Vermont pension system commits USD 125m to private credit
The Vermont Pension Investment Commission recently approved two separate allocations to private credit, totaling USD 125m

Manulife holds final close for USD 752m private credit fund
Toronto-headquartered Manulife Investment Management held the final close of its Manulife Capital Partners VII at USD 752m

Ninety One launches infrastructure credit fund aimed at South African market
Asset manager Ninety One has launched the Ninety One SA Infrastructure Credit Fund, focused on the South African market