Private Equity

Credit

Värde unveils $2bn Fund XIV, as uncertainty opens door to distress

Värde – which means “value” in Swedish – has a flagship strategy focused on searching opportunistically for complex situations in less efficient markets where there is an imbalance in capital supply and demand.

3 min read · 15 March 2022

Oaktree Capital targets up to $3bn for third special situations fund

Distress opportunities could open up in the months ahead as inflation, rate hikes and geopolitical disturbances – above all, the war in Ukraine – create more economic uncertainty.

2 min read · 10 March 2022

Coller Capital racks up $1.4bn for debut credit secondary fund

Coller Capital has closed its inaugural credit secondary fund at $1.4 billion, beating its initial target of $750 million.

2 min read · 02 February 2022

Eurazeo completes $108m debt secondary

The deal will free up liquidity for existing investors, while allowing a new group of investors to gain exposure across three Eurazeo vehicles consisting of senior and subordinated debt and equity.

2 min read · 06 January 2022

Junior lender Penfund raises bulk of Fund VII’s C$1.5bn target in first close

About 90% of Penfund’s deals involve mid-market companies backed by sponsors like Leonard Green & Partners, Hellman & Friedman, Genstar Capital and OMERS Private Equity.

3 min read · 17 December 2021

Sun Life-backed Crescent targets $6bn for two private debt funds

Crescent in January sold a 51% stake to SLC Management, the alternative asset unit of Sun Life, for up to $338m.

3 min read · 04 November 2021

Carlyle’s second opportunistic credit fund raises $3.46bn, just shy of target

Carlyle, which declined to comment, has not yet announced a final closing, suggesting that Fund II remains in the market. The vehicle’s hard-cap is not known.

2 min read · 01 November 2021

Carlyle’s second opportunistic pool nabs $2.5bn amid record credit fundraising

Carlyle has since January raised $40bn across its strategies, including private debt, up 124% year over year.

2 min read · 29 October 2021

Non-control investor Ironwood Capital targets $500m for fourth flagship fund

Fund V is expected to hold a third close in November, bringing potential commitments to more than $543m.

3 min read · 27 October 2021

Ex-PineBridge credit exec’s shop eyes up to $500m for second fund

Private credit has had less new firm formation than on the buyout side, with new firms focusing on the lower- to mid-market.

2 min read · 06 October 2021

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