Fundraising

Oaktree markets fifth mezzanine fund

The credit manager collected $852m for its predecessor vehicle, which began investing in 2014.

Massive fundraising numbers lift Blackstone above $500bn AUM mark

With these results, Blackstone is more than halfway to its goal of managing $1trn by 2026.

Adams Street looks to add BDC to credit product suite

The private equity firm launched its private debt arm in 2016 and has so far raised over $500 million for its closed-end fund.

Northleaf Capital Partners raises more than $500m for initial open-ended fund

The vehicle is meant to compliment the firm’s existing closed-ended credit fund, both of which will invest in mid-market companies.

MBK Partners garners $850m for its first special situations fund

The buyout shop was looking to raise $750m-$1bn for the vehicle and is targeting returns from 20-25%

Ninepoint Partners and Monroe Capital launch joint fund

The vehicle will help bring Monroe’s US mid-market strategies to a group of Canadian investors looking to access that strategy.

Dignari holds final close of second China credit fund on $626m

The fund has already deployed more than $300 million and wants to focus on providing downside protection in an uncertain environment

France sees 50% rise in private debt capital

French alternative credit activity grew strongly in 2018, though it remains concentrated among a small number of funds.

Ninepoint Partners seeks $500m for trade finance fund

The vehicle will be advised by Highmore Group Advisors, which will help originate and underwrite deals.

First close on Searchlight distressed fund likely to exceed $1.94bn predecessor – exclusive

The firm is targeting a 20-30% internal rate of return and 2x-3x multiple on capital, according to Pennsylvania pension fund documents.