Ohio pension injects $175 million into credit via JP Morgan and HPS
The School Employees Retirement System of Ohio has made a $175 million commitment to two strategies; high yield and direct lending

Private credit managers re-examine docs in new fundraising approach
Private credit managers are facing numerous challenges and those looking to fundraise have had to change the way they approach the process, including documentation, according to a note from DLA Piper

Churchill collects $2 billion for second unlevered US direct lending fund
Churchill Asset Management has held a $2 billion final close on its second US direct lending fund, doubling its original $1 billion target size

Managers get creative as private credit fundraising set for Q2 dent
Private credit funds should expect a slowdown in fundraising as credit markets gyrate wildly and investors address issues in their public market strategies. But managers have been coming up with creative solutions to keep business flowing

Alcentra prepares listed credit fund
BNY Mellon Investment Advisor has teamed up with affiliate Alcentra to launch a listed fund that can invest across a range of credit strategies

Californian pension allocates $325 million to aviation and corporate private credit
San Francisco County Employees’ Retirement System has allocated $325 million to private credit strategies, according to 11 March board minutes

Solar raises $525 million for direct lending fund
Solar Capital Partners has collected $525 million for its latest private credit funds

Metrics pulls plug on direct lending fundraising
Australian direct lender Metrics Credit Partners has pulled the plug on fundraising for its listed private debt fund

Crayhill collects $130 million for second asset-based credit fund
Crayhill Capital Management has raised around $130 million for it second asset-based credit fund,  according to 9 March US regulatory filings

Brigade collects $100 million for 'senior tranche' SMA
Brigade Capital Management has won a $100 million mandate from Texas County & District Retirement System for a structured credit fund geared towards senior tranches

NXT launches first direct lending fund since Orix takeover
NXT Capital is back in the market fundraising for its sixth direct lending fund, NXT Capital Senior Loan Fund VI, according to US regulatory filings 

Axiom seeks high yield sweet spot with long-short fund
Axiom Alternative Investments is set to launch a long-short fund that will identify mispricings of high yield credit arising from the prolonged compression of spreads between different rating bands.

NNIP launches corporate green bond fund
NNIP Investment Partners has launched a green bond fund focused on corporate borrowers, following dominance by this issuer group in the green bond market last year

Bayside targets $1.25 billion for special situations fund
HIG Bayside is targeting $1.25 billion for its latest special situations fund, HIG Bayside Loan Opportunity Fund VI, according to US regulatory filings filed on Monday

EIF backs Italian private debt fund
Finint Investment anticipates €150 million final close for its third Italian private debt fund in June, after receiving the backing of the European Investment Fund

Massachusetts pension commits $200 million to structured and corporate credit
Massachusetts Pension Reserves Investment Trust has approved commitments with CKC Credit Opportunity and LMCG Serenitas  

Sound Point launches distressed debt fund with $70 million
Sound Point Capital has launched a distressed debt fund focused on loans trading below 90 cents

US pension looks to put $60 million in private debt as older funds wind down
Boston Retirement System considers committing an additional $60 million to its private debt programme in 2020, following a recommendation by its investment consultant NEPC,  

Lord Abbett preps floating rate interval fund with monthly share repurchase
Lord Abbett Enhanced Floating Rate Fund will invest at least 80% of its assets in floating rate products including senior secured or unsecured loans, second lien debt and floating rate structured credit including CLOs

San Francisco pension earmarks $200 million for mortgage fund
San Francisco City and County Employees’ Retirement System (SFERS) has committed $200 million to a credit fund managed by Cerberus Capital Management  

Hamilton Lane limits uncalled commitments with private market fund
Hamilton Lane has launched a private assets fund, in a strategy that will "seek to limit the exposure of uncalled commitments and shorten the duration of expected cash flows relative to a traditional portfolio”

Pantheon and Solutio join forces on €250 million private debt secondaries fund
Pantheon Ventures and Munich-based Solutio have held a final close on their inaugural joint private debt secondary fund above its €250 million hard-cap

Texas pension pumps $300 million into Pimco fund
Texas Municipal Retirement System has earmarked up to $300 million to a credit fund managed by Pimco, according to board documents seen by Creditflux, building on a relationship established through a predecessor fund

Axa IM launches SRT fund after record-breaking 2019
Axa Investment Managers says it has held a first close on a fund that invests in significant risk transfers

AlbaCore closes €1.5 billion direct lending fund nearly 60% deployed
AlbaCore Capital has deployed around 60% of its second direct lending fund, with the London-based manager closing the fund at €1.5 billion