Friday, October 30, 2026
Private credit news for GPs, LPs and fund service providers
FundOpsHQ
Direct lending, asset-based finance and CLOs: funds, deals and people, for GPs, LPs, and fund service providers.
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ACORE Capital has raised $1.1bn for its second opportunistic credit fund, more than quadrupling its predecessor. The fund targets financing opportunities created by property market dislocation.
Ares held a first close of more than $8bn in equity commitments across its latest US senior direct lending program, combining Fund IV and the open-ended Core vehicle. The first close is 80% of target and about 60% larger than the prior vintage's first close.
Private Equity Wire · also HedgeCo, Bloomberg +2
Locust Point has lined up nearly $200 million in commitments for Locust Point Private Credit Fund IV, which targets senior housing senior debt, subordinated debt and preferred equity.
Foundation Credit has closed its second infrastructure debt fund at approximately $540m, above its $500m target. The close follows a majority investment from New Holland Capital announced a week earlier.
Tree Line Capital Partners has closed a $680 million continuation vehicle co-led by PGIM and LGT Capital Partners, giving existing investors across several direct lending funds the option to take liquidity. The vehicle holds a seasoned book of senior secured, first-lien loans to more than 60 U.S. lower middle market companies.
Alternative Credit Investor · also AltAssets, Yahoo Finance +3
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