credit
Fidelity markets EUR 1bn-plus debut direct lending fund
Asset manager is in discussions with prospective LPs for vehicle registered in December
AnaCap carves out credit division
New business, Veld Capital, will raise new funds and also deploy via AnaCap's existing credit funds
Tikehau Capital readies deployment of third special opps fund with bigger deals in sight
Previous vehicle in the opportunistic credit strategy held a EUR 617m final close in 2021 and is almost fully invested
Värde Dislocation Fund closes on $1.6bn
Fund has a global mandate to pursue a mispriced, stressed and distressed credit
Nordic direct lending makes slow but steady progress
Private debt funds have been rapidly expanding their market share in corporate cashflow lending across Europe, but Nordic progress has been slow
Certior holds €51m first close for Credit Opportunities Fund II
Fund focuses on the European SME direct lending segment, in particular in seeding emerging managers
Crestline approaches final close of Portfolio Financing Fund
Texas-based GP is aiming to secure up to $500m in a February close for its debut fund
Aurelius opens private debt business
Firm will target European companies and provide funding across the capital structure
Hamilton Lane closes credit fund on $435m
Annual credit-focused vehicle exceeds its initial target of $250m
Beechbrook backs Plan.com and Infomedia
Investor provided a unitranche loan to finance the buyout of a minority shareholder in Infomedia
Ares in $70m debt round for Soundcloud
Company will look to expand its technology and personnel resources to match expected growth
AnaCap buys €177m Italian loan portfolio from Barclays
GP has secured over four years Italian non-performing loans worth nearly €8bn
Hamilton Lane holds $210m final close for credit fund
Vehicle surpassed its $150m target and will offer short-term returns for LPs
3i closes CLO fund on €413m
New vehicle will target senior secured loans for European PE-backed buyouts
Park Square closes third subordinated debt fund on €1.2bn
The vehicle surpassed its target of €1bn and has access to an additional €300m in leverage
EQT closes mid-market credit fund on €530m
Close exceeds the €500m target and marks the latest addition to the GP’s credit division
AnaCap acquires €2bn Italian NPL portfolio
Financial services specialist taps its AnaCap Credit Opportunities III fund to acquire the SPVs
Acquisition finance: breaking with tradition
Acquisition finance
Acquisition finance: alternative thinking
Despite bringing much-needed liquidity and competition to the debt market, many GPs are still wary of alternative lenders. Alice Murray pits traditional lenders against these alternatives to find out which has the upper hand.
Silicon Valley Bank provides credit to Carlyle's The Foundry
Silicon Valley Bank (SVB) has provided a new credit facility to Carlyle's software holding The Foundry.