Fundraising

Ares raises almost €9.5bn after record-breaking results

The target for the European fund has been exceeded, as Ares’ gross fundraising surpasses $40bn and net income more than doubles.

Apollo closes on $2.3bn dislocation fund

The New York-based manager has raised more than $4.1bn for the strategy over the past 10 months.

NBK launches $300m credit vehicle with backing from Saudi sovereign fund

The vehicle is the first NBK Capital Partners fund to offer credit compliant with sharia rules.

Epsilon aiming to be first ‘pure’ Australian corporate direct lending fund

Set up by former Commonwealth Bank of Australia executives, the firm has attracted backing from a cornerstone investor as it seeks A$500m for its maiden vehicle.

AXA closes American CLO with $406m

The firm believes investors will seek more exposure to the strategy in the near future due to present market conditions.

Bardin Hill secures $600m for opportunistic credit

The fund was launched following the outbreak of the covid-19 pandemic and will look for niche credit investments.

Atalaya closes in on $900m to make senior loans to speciality finance companies

The firm has already raised most of the capital and just attracted a $30m commitment from Rhode Island.

OCP Asia hits target, moves towards hard-cap

The Hong Kong-and Singapore-based manager’s fundraising is progressing well as LPs eye Asia’s recovery from the pandemic.