Fundraising

Audax raises $2.66bn for third direct lending fund

The third vintage is more than halfway to its $5bn target fundraise, filings show.

TPG holds $6.2bn final close on third special sits fund

The fund, launched in 2023, exceeded s $4.5bn target, and will focus on both public and private firms.

Arrow closes RE debt fund at €1.5bn

The firm has also received a further €2.7bn for its European opportunistic credit strategies.

Arini secures $2.3bn for direct lending fund second close

The firm’s first direct lending fund will focus on the less competitive, non-sponsored market.

Pantheon sets up private wealth team in Asia

The British GP has relocated a senior executive to lead the Singapore desk and added two staff to support him amid asset managers’ growing focus on targeting wealthy clients.

Vistara Growth holds $321m final close for growth-stage lending fund

The provider of growth debt and equity capital will target mostly B2B software firms with $10m-$100m in revenue.

Decalia closes second debt fund on €311m

The fund will focus on less served parts of the European credit market in order to generate alpha for higher returns.

Private debt is bracing for change

There is a general feeling that the industry sits on the edge of a major shift.

Fundraising: Managers work to future-proof asset class

Appetite for private debt funds continues to grow but managers cannot rest on their laurels as LP demands change fast.

Ares raises $1.5bn for speciality healthcare lending fund

The vehicle seeks opportunities in sponsored and non-sponsor backed companies across five subsectors.