fundraising

Although private debt capital raising continued to decline last year, investors are far from abandoning the asset class.

The real estate debt fund manager has raised £500m by first close for its fourth senior property lending vehicle.

Sagard's healthcare royalty platform, launched last year, sees opportunity in the small and mid-sized end of the global market.

Distressed debt became the most popular strategy as overall capital collection for the asset class fell to the lowest level for five years.

The move expands Aflac’s direct lending exposure significantly, as the insurer’s investment is larger than the entire current mid-market loan portfolio.

The credit manager will make 10-12 investments from the vehicle, the firm said.

The New York-based asset manager has raised the capital through a fund and separately managed accounts.

The Minneapolis-based manager surpassed a $2bn target for its 13th fund which will focus on ‘pockets of distress around the world’.

The second SME loan fund from BNPP AM will provide growing SMEs with a combination of fund and traditional bank finance.

The pan-European fund manager has raised an European long-term investment fund through which it will blend liquid and illiquid private credit investments.