Fundraising

Benefit Street Partners closes special situations vehicle on $850m

Second vintage has already deployed 40% of capital, and early investments are putting up net IRRs of 25%, manager says.

Ares raises over $17bn in Q1, with more than $14bn in the credit group

LA-based manager has a record amount of available capital, but sees dip in fundraising from Q4 2023.

ACORE Capital closes largest debt fund of 2024 to date

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.

Dai-ichi invests more than $1.5bn for Canyon Partners deal

The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.

Vidrio and AW survey: Investors’ appetite undeterred by denominator effect

Credit strategy’s slice of the alternatives pie grew to $32.4bn in 2023 from $27.1bn the previous year.

Impact Community Capital finds opportunity in financing affordable housing

The firm closed $166m of deals, for nearly 2,000 units, in Q4 2023.

GoldenTree closes debut private credit fund

Commitments total $1.35bn, including $50m from partners and employees.