Fundraising

LCM secures €3.8bn for credit opps first close

The amount includes €600m contributed by Brookfield.

Park Square closes junior capital fund with €2.4bn

Fund V will follow its predecessor strategy of backing private equity-backed companies in defensive sectors.

Pemberton secures $1.7bn for first NAV finance fund

The credit manager said economic conditions were causing private equity managers to seek additional funding for their portfolios.

Flexam holds second close of asset finance fund with €50m from EIF

The fund will follow Flexam’s established strategy of securing loans to SMEs against mission-critical assets.

US investors seek out new fundraising shores

Legislative uncertainty prompts LPs to look beyond US-focused direct lending funds, even as the market retains its dominance in private credit fundraising tables.

Three key trends in US private debt: A market in flux

US lenders and investors attempt to keep pace with a rapidly evolving inflationary and political environment.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.

Deployment: the next fundraising differentiator

Why the ability to deploy capital quickly is becoming key to a manager’s ability to tee up their next fund.

Sound Point achieves $1.1bn first close on Strategic Capital Fund III

The fund manager sees opportunities in a lending space still dominated by banks.

The weight of capital that will overcome fundraising blips

Tariff-generated volatility froze capital raising in its tracks in Q2, but investors of all stripes are preparing bigger private debt allocations.