Pemberton Asset Management, a private credit manager, closed its Strategic Credit Fund III at €2.3 billion (approximately $2.5 billion), bringing total assets under management across the three vintages for the strategy to €4.9 billion (approximately $5.3 billion).
BNP Paribas Wealth Management and BNP Paribas Cardif formed a partnership with Blackstone to offer “Blackstone European Private Credit Fund,” a new unit-linked private debt-based account.
White Oak Global Advisors completed fundraising for White Oak Yield Spectrum Fund V and other associated vehicles with more than $1.3 billion of total committed capital. An additional commitment of up to $1 billion was received for investments in specialty finance with a focus on asset-based lending.
New Mountain Capital, which manages more than $35 billion across private equity, credit and net lease real estate, closed its latest direct lending fund, New Mountain Guardian III BDC, with approximately $1.15 billion of capital commitments from investors.
Runway Growth Credit Fund logged $80.7 million in funded loans in Q2/21. Since inception in 2016, the firm has achieved $1.1 billion in total loan and investment originations and $903.5 million in funded investments.
Altmore Capital, a senior debt lender, closed its first cannabis debt fund, exceeding its goal by more than 200%. The new fund is available to “plant-touching” businesses with more than $10 million in revenue.
Boundary Street Capital, a private credit investment manager focused exclusively on the digital infrastructure, enterprise software and technology services sectors, closed BSCP SBIC I, a credit fund with more than $330 million in capital commitments.
Runway Growth Credit Fund provided an operational and portfolio update for the first quarter of 2021. Runway Growth funded seven loans in Q1/21 and experienced partial liquidity events totaling $15.5 million.
Global credit manager GoldenTree Asset Management closed $725 million in commitments on a second CLO strategy (GLM II) as part of its GoldenTree Loan Management program.
Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.