Fundraising

Balbec holds final close on $1.7bn distressed ABF fund

Manager raises its largest-ever fund, which will focus on asset-based investments.

Ares raises €2.2bn for evergreen direct lending fund in first year

The firm said its fundraising shows there is strong demand for private credit among wealthy individuals.

AXA raises record €4bn for global property debt strategy

The firm’s global debt platform has raised more capital than all other European-focused debt funds combined in the past 12 months.

Apollo, Securitize form partnership for private debt tokens

The tokenised feeder fund represents the next step in Apollo’s private markets democratisation efforts.

Evolution holds $465m first close of opportunistic credit fund

The fund has begun investing and will target borrowers with $50m-$100m in EBITDA.

Corinthia, with $5bn committed, looks to launch first fund by March

The London start-up looks to mid-market leveraged buyouts and receives SMA commitments.

Thoma Bravo closes Credit Fund III on $3.6bn

Software-focused fund raises more than twice its target; $1bn is already at work in 20 companies.