Fundraising

TA closes new debt fund on $1.1bn

The latest fund focusing on subordinated debt is double the size of its predecessor and was raised in three months.

Ninety One holds first close of credit opps vehicle

The fund manager’s first credit opportunities fund attracts interest from institutions and HNW investors in Europe, Latin America and South Africa.

Equita closes second fund at €237m

The fund will continue to focus on investing in Italian firms but will also be able to make select investments in the DACH region.

Neuberger Berman crushes target with $8.1bn close

The new fund is more than five times the value of its predecessor and is 63% invested.

Hamilton Lane closes latest strategic opportunities fund

Pennsylvania-based investment manager Hamilton Lane has announced the final closing of its Hamilton Lane Strategic Opportunities Fund VII, the largest fund ever within the Strategic Opportunities Fund series.

Avante Capital beats target, raises $450m

Firm headed by women raised its hard-cap from $400m due to investor demand.

Key trends: Private debt seen as offering downside protection

Whether it’s the average fund size, the size of the overall market or the scale (and ambitions) of the fund managers, the industry has expanded at a pace that has surprised many in the finance industry.

Seeking downside protection via debt

Fundraising took a hit in the first half but credit is expected to rebound fast as managers adapt to more challenging circumstances.

Barings executive sees a ‘slow-motion car crash’ for some

Adam Wheeler, in the wake of a €7bn fund close, cites the effects of macro, geopolitical and market factors.

Barings closes infra debt fund on $630m

The firm’s first dedicated infrastructure debt fund beat its target for investing in renewable energy, transportation and digital infrastructure.