The Credit Crunch 16/04/23

Your weekly summary of Private Credit Fundraising

Carlyle Group, a Global asset manager, announced it is raising $2 billion for its second Infrastructure Credit Fund. The fund will lend senior and junior debt to projects primarily in energy transition opportunities. That includes sectors such as renewable energy, digital infrastructure and social infrastructure. More here

HPS Investment Partners, a New York based credit investment firm, announced the closing of its $17 billion Strategic Investment Partners V Fund. The Fund directly lends to large, private and public businesses in North America and Western Europe. More here

Fidelity Investments, a US based asset manager, launched its Fidelity Private Credit Fund. The fund will provide senior secured loans to unlisted US businesses or public US businesses with a market cap of less than $250 million. Loans are expected to be floating interest rate with an average loan length of between three to four years. To enhance returns, the Fund intends to employ leverage up to a 2x debt to equity ratio. More here