The Credit Crunch 02/04/23

Darby International Capital (DIC), an emerging markets direct lender, announced the launched of its fourth Latin American Fund. DIC are targeting a fund size of $400 million with IDB Invest contributing up to $50 million. The fund will provide growth financing to climate focussed Mid-Market Enterprises in Latin America and the Caribbean. More here

Ares, a Los Angeles based alternative investment manager, announced the launch of its second Pathfinder fund. Ares are targeting a total fund of $5 billion, 35% larger than its first Pathfinder fund. The fund will invest in collateralised pools of assets in overlooked or “misunderstood” sector, such as shipping containers, supermarkets and rental units. More here

Allianz Global Investors, a global investment manager, announced the launch of its $815 million Infrastructure and Energy Transition fund. The fund of fund will invest in Article 8 credit funds across multiple vintage years, managers. More here

Hercules Capital, a California based lender, announced a new institutional private credit lending program. The new private credit lending program was established to support the venture and growth stage companies and is anchored by Davidson Kempner Capital Management. More here

Federated Hermes, a London based asset manager, has launched a Sustainable Global Investment Grade Credit Fund. The fund will invest in issuers with clear momentum in sustainability using the teams’ proprietary scoring models. More here