fundraising

The Singapore-based manager has wrapped up a $1.23bn Asia-Pacific-focused private credit fund.

The Singapore-headquartered fund manager secured $455m after adding three new LPs to its latest credit fund.

The South Korea-based fund manager has raised capital for its second special situations vehicle.

The firm’s second strategic credit vehicle is rumoured to be around 40% deployed with its predecessor now fully invested and delivering returns to LPs.

Crescent in January sold a 51% stake to SLC Management, the alternative asset unit of Sun Life, for up to $338m.

The firm raised the fund at the height of the covid-19 pandemic and it is on course to be fully deployed in the coming months.

Take a look at how we put the GI 30 together and determine who are the biggest private debt investors.

The alternatives giant's plans come as firms including Ares Management and Apollo Global Management make a concerted push into raising capital from wealthy individuals.

There has been plenty to keep capital raisers occupied despite the pandemic. A partner at law firm Simpson Thacher & Bartlett identifies some of the main talking points

Virtual due diligence, separately managed accounts, the appetite of sovereign wealth funds for private debt, the potential of secondaries funds and blockchain.