Blackstone, a Global asset manager, announced a new $10 billion US direct lending fund, The Blackstone Senior Direct Lending Fund. Speaking on its earnings call, Blackstone also announced that the current environment is “ a golden moment for private credit”. More here and here
Allianz Global Investors, a Global investment manager, announced the final close of its $3.6 billion global private debt fund. The fund will build a diversified portfolio of private debt across geographies, segments, vintages and sectors. It expects to make 30 commitments. More here
Kreos, a European Venture debt investor, has reportedly raised more than $1.1 billion for its seventh fund. The fund lends to high growth European and Israeli businesses in the technology and healthcare sector. Kreos was founded has committed more than $6 billion across +750 transactions. More here
Monroe Capital, a Chicago based asset manager, announced the first close of its Monroe Capital Private Credit V at $335 million. The fund is a lower mid-market direct lending fund with target fund size of $3 billion. The fund will lend to US companies with EBITDA of less than $35 million. Investors are expected to receive unlevered returns of between 8 - 10 percent. More here
Morning Calm Management, a Florida based real estate fund, announced its $500 million office finance fund. Morning Calm Office Fund will invest across the country’s top 30 Metropolitans focusing on Class A office properties in high-barrier markets. Loan sizes will range from $25 to $100+ million. More here