Senior Debt

Churchill launches capital solutions strategy: Noah Charney to lead

Manager anticipates an exclusively PE-sponsored, mid-market portfolio of high-quality companies that need some extra support.

Manulife I Comvest closes direct lending fund on $5.4bn

The seventh vintage of the North American senior debt fund more than doubled its target

Exclusive: Slate closes $1bn SMA to expand senior lending platform

The New York-based manager is adding competitive lending depth atop its flagship platform and has more capital-raising efforts in the works.

Sagard reaches half its $2bn target in first close on third vintage

The firm is using Credit Partners III, a senior secured, direct lending fund, to focus on non-sponsored borrowers.

SFERs’ strategy weightings, geographical exposure led to private credit misses

Even as the $40bn system deals with short-term underperformance, its pacing into the asset class is expected to increase in the coming years.

Hayfin raises €15bn for fifth direct lending fund

The firm said it benefited from a more conservative approach to fund structuring following difficulties with US semi-liquid vehicles.

Colbeck secures $400m for strategic income fund

The firm said its latest fund will complement its existing strategy with a focus on companies experiencing transformative growth.

New CalPERS private debt head suggests program is well-positioned for stressed climate

Staff at the $620bn California pension expect the new and increasingly diversified program to perform well amid software exposure concerns and redemption pressure headlines.

HSBC raises $2bn for UK direct lending second vintage

The strategy involves investing in private equity-backed deals originated by HSBC’s UK banking arm.

Crescent Capital closes fund with $10.8bn of investable capital

The fourth vintage lower mid-market fund, the manager’s largest ever, raised more than $5.5bn of equity.