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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.
The Toronto-based asset manager’s fund will launch in Q1 2022 and focus on non-sponsored, first-lien lending.
North American-focused funds recovered in the first half, following a difficult year.
The BDC’s total fair value of its portfolio grew by nearly $9m since the previous quarter.
The firm surpasses its target on fund originating loans to mainly non-sponsored companies.
Antares last year secured $3bn for Antares Senior Loan Fund, the Chicago firm’s first major, broadly-marketed institutional vehicle.
The fund will continue MV’s strategy of investing in defensive upper mid-market companies.
In his first interview since becoming CDPQ's head of private equity and capital solutions, Laguerre tells affiliate title Buyouts about his plans, including offering a credit option.
The Small Business Credit Opportunities Fund II has beaten its target by $200m.
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