Fundraising

BCP Credit closes $1.2bn second special opportunities fund

The oversubscribed special opportunities fund significantly beat its target and raised $1bn more than its predecessor fund.

New ICG direct lending co-heads wrap up €8bn fund

The latest vehicle is the fourth in the series and is already more than half invested. A fifth fund is expected to be launched in 2022.

Ares Management raises $8bn

The Los Angeles firm has raised capital for its second senior direct lending fund focused on North America.

Beechbrook holds first close with £120m for SME lending

The firm’s third SME fund has received backing from new and existing investors including £30m from British Business Investments.

Incus posts €350m first close on fourth fund

The Madrid-based manager has a final target of €500m for the vehicle and a €650m hard-cap.

Compiling the PDI 100

Revealing the process we undertook to decide what qualifies for inclusion.

‘Large-cap direct lending is only becoming more important’

We take the temperature of the market based on conversations with some of the asset class’s biggest fundraisers.

A groundbreaking Europe fund assists Ares’ dominance

The US-based fund manager topped the PDI 50 for two years running and has now carried its supremacy into the inaugural PDI 100.

Five trends shaping the 2021 ranking

We highlight some of the biggest developments in the 2021 PDI 100 ranking.

PDI 100: The year our ranking doubled in size

As we move from 50 fundraisers to 100, investor appetite for private debt is soaring to record levels.