Fundraising

Carlyle interval fund limits outflows after 15.7% of assets requested for redemption

The firm said that redemptions were not motivated by fundamentals, but by a broader trend of investors seeking liquidity from funds elsewhere.

Barings BDC joins peers in gating redemptions after 11.3% is requested

The manager says redemption gates allow the non-listed fund to ‘preserve portfolio integrity and continue deploying capital’.

Blackstone closes flagship credit opps fund at hard-cap

The strategy’s fifth vintage, its largest, raises more than $10bn of investable capital.

Ares raises $9.8bn for opportunistic credit fund

The Los Angeles-based manager exceeded the fund’s target fundraise as well as its prior vintages.

BlackRock’s HPS raises $6.6bn for junior capital fund

The fund is targeting $10 billion of investor capital, and focuses on customised junior debt financing

Eagle Point holds $559m final close on third ‘defensive income fund’

Eagle Point’s latest closed fund invests in the debt securities issued by BDCs, credit funds and mortgage REITs.

Non-listed BDC fundraising momentum slowing, redemption requests rising: Stanger

NAVs are also rising and redemption requests remain manageable, but challenging times may lie ahead.

Ares loses Asia credit fundraising lead

The head of Asia product management and investor relations at the $623bn private market GP is moving on, Private Debt Investor has learned.

Tikehau latest manager to close credit secondaries fund as market fires on all cylinders

Tikehau’s second credit secondaries-focused fund closes on more than $1bn having launched in the second half of 2023.

Patria prepares next vintage of Latin American credit strategy

Patria’s first Latin American vintage raised $314m, which the company says delivered a nearly 16% IRR.