Credit

BC Partners Credit racks up $1.2bn for fund

BC Partners Credit, BC Partners' credit arm, has closed its second special opportunities fund at $1.2 billion, beating its $750 million target.

Ares racks up $8bn for direct lending fund: WSJ

Ares Management Corp has raised $8 billion for a direct lending fund, reported the Wall Street Journal.

Espresso Capital provides $10m to CREtelligent

CREtelligent, a commercial real estate due diligence platform, has secured a $10 million credit facility from Espresso Capital.

CIFC to buy LBC Credit

CIFC Asset Management has agreed to acquire LBC Credit Partners, a middle-market direct lending platform.

Abacus backs Westhook Capital's refinancing of Rainshadow Labs

Abacus Finance Group has provided credit facilities to back Westhook Capital's refinancing of Rainshadow Labs.

Värde Partners closes CRE CLO at $527m

Värde Partners has closed its first hotel-backed commercial real estate collateralized loan obligation at at $527 million.

True Fit secures credit facility from Espresso Capital

Espresso Capital has provided a $15 million credit facility to True Fit, a consumer experience platform.

Bridgehead Coffee owner Aegis Brands inks C$28m DLOC

Aegis Brands, the Toronto-based owner and operator of Bridgehead Coffee, has secured C$28 million in a new development line of credit.

Ardian supports Sevetys

Ardian provided a facility of 109 million euros to back Sevetys, a French operator of veterinary clinics.