Fundraising

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

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

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

The manager will use the fund to target first-lien loans to lower mid-market sponsor- and non-sponsor owned borrowers.

Inaugural vehicle anchored by Carlyle AlpInvest raises $1.5bn and enables Eldridge to manage third-party capital.

The real estate credit fund beat its $700m target and is more than 30% invested.

The bank’s asset management unit offers exposure to senior secured, floating rate debt.

The manager’s Capital Opportunities Fund V has a $10bn target and not held a final close.

The firm hauled in $17bn across secondaries funds, evergreen vehicles and separate accounts in latest fundraising cycle.

Fund targeting wealth platforms will work with extensive network of third-party originators to source investments.