The Los Angeles Fire & Police Pension System has approved commitments totalling $382.2m across six private equity funds and one private credit fund, continuing its strategy of diversifying its $32.5bn portfolio, according to a report by Private Equity Insights.
Francisco Partners has held the final close of its third credit fund, FP Credit Partners III, with $3.3bn in total capital commitments – surpassing its initial $2.3bn target and its predecessor fund, which closed at $2.2bn in October 2021.
Aquiline Capital Partners, a private investment firm specialising in financial services and technology investments, has provided a credit investment to capital markets intelligence specialist S3 Partners.
A lender to Shimao Group Holdings is negotiating with private credit investors to offload a $1.3bn loan tied to a luxury apartment project central to the restructuring of the defaulted Chinese developer, according to a report by Bloomberg.
Private credit has delivered the best returns for Abu Dhabi’s Mubadala Investment over the past three years, according to a report by Bloomberg citing the sovereign wealth fund’s deputy group Chief Executive Officer, Waleed Al Mokarrab.
The relationship between insurers and private credit is expected to strengthen further this year, potentially drawing increased regulatory scrutiny, according to a report by Bloomberg citing new research by Moody’s Ratings.
Thoma Bravo has closed its largest credit fund to date, Credit Fund III, securing $3.6bn in total available capital, including anticipated leverage. The fund will focus on senior secured debt investments in sponsor-backed software companies.
Stonepeak, an alternative investment firm specialising in infrastructure and real assets with around $72bn in assets under management, has completed the acquisition of specialist private credit investment manager Boundary Street Capital.
Despite ongoing inflationary pressures, Centerbridge Partners sees significant potential in the US consumer credit market for 2025, and is set to target areas including consumer loans, home equity lines of credit (HELOCs), and data centre financing, according to a report by Bloomberg.
Colbeck Capital Management has closed its $700m Strategic Lending Fund, aimed at delivering customised financing solutions to middle-market businesses across North America.
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