Robin Blumenthal

The fund, the manager’s largest inaugural institutional fundraise, doubled its $2bn equity target.

The New York-based manager was targeting $2bn for Fund VII, but has amassed more with a boost from the strategy’s anticipated leverage.

The manager will expand its fixed income exposure through the all-cash transaction valued at $473m.

The opportunistic debt fund beat its $1bn target and will focus on high-quality office assets in New York City.

Recent high-profile bankruptcies in consumer credit companies are putting industry observers on edge.

Economic conditions in the US are becoming challenging, with inevitable knock-on effects for the credit market.

Lenders and LPs alike are taking a closer look at the use of artificial intelligence in credit processes and assessing the risk and rewards associated with the technology.

The direct lending fund, which is said to eschew incentive fees, raised $2.35bn at first close.

The vehicle, led by Carlyle AlpInvest, stems from a 2016 vintage fund.

As semi-liquid evergreen fund funds attract individual investors, risk waits just around the corner.