Fundraising

Evolution fund close brings Boston adviser’s AUM to $3bn

New fund ECO II, having invested more than $700m, closes at $1.05bn.

Strategic Value Partners holds first close on $1.5bn

Distressed fund, launched in February, is part of the firm’s capital solutions series, source says.

Oaktree launches private credit fund, targeting $10bn raise

The firm is looking to leverage buyouts by PE-sponsored companies with staying power.

Crescent Capital doubles fund target to close on $8bn

Including target leverage and SMAs, the credit solutions fund is Crescent’s largest yet.

Marathon raises $1.3bn for ABL fund

Second close of third such fund beats its target and nears its hard-cap.

StepStone Group promotes three in private debt team

Changes are part of a larger move by the manager that includes a new partner class.

Blackstone lands most of green energy credit fund’s $6bn to $7bn target

The credit fund and a similarly-focused equity fund are both expected to close in 2023, suggesting Blackstone may soon have as much as $13bn of dedicated capital for near-term energy transition investing.

Apollo-backed HarbourView sets out to raise first commingled royalties fund

Sherrese Clarke Soares formed HarbourView in 2021 with aspirations to grow the firm into a $20bn asset manager by 2026.

Audax beats target, reaches hard-cap

Including targeted leverage, the DLS Fund II closing provides Audax with $4.5bn of total investable capital.