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The cross-border linkup represents the US manager’s first foray into Europe.
The San Francisco-headquartered investment firm hit the hard-cap for the vehicle, which follows an €800m predecessor.
For the decade or so that followed the GFC, private debt funds were able take advantage of bank retrenchment from corporate lending with little to hinder their progress. But with covid-19 taking a toll on some industries, have things finally taken a turn for the worse?
Some observations we heard from the direct lending market during PDI's New York forum in September.
The latest Alternative Lender Deal Tracker from Deloitte shows healthcare, financial services and software deals in hot demand despite the travails arising from covid-19.
Direct lending has enjoyed years of tailwinds – now it must confront the headwinds.
Our annual conference in New York (virtual of course) lifted the lid on how participants in the direct lending market are faring in a changed landscape.
The inaugural Senior Loan Fund doubled its initial target of $1.5bn, and will focus on sponsor-backed companies in the US and Canada.
The firm now manages $40bn, of which $15bn is in private debt and liquid strategies.
The credit manager is being supported by LP re-ups as it returns to fundraising mode despite challenging conditions amid the pandemic.

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