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Edelweiss targets $296m for distressed debt fund

The biggest asset restructuring company in India plans to raise capital via its alternative asset investment manager for a domestic vehicle investing in distressed assets.

Oaktree’s board battle with Ranger nears a conclusion

The direct lending fund manager is buried by $700,000 in legal fees and looming scepticism over its ability to wind down .

Apollo debuts debt-equity vehicle focused on Europe, North America

The fund would invest in senior and subordinated debt along with structured equity and non-control positions in financially troubled companies.

Ontario Teachers eyes special sits funds

The Canadian pension’s director of funds says it is time to prepare to take advantage of an upcoming downturn.

Portfolio Advisors targets $400m for its sixth Asian fund

The fund has garnered over $170m so far and will target special situations, secondaries and private equity investments.

Guitar maker Gibson gets final OK for bankruptcy financing from KKR, others

Melody Capital Partners, Silver Point Capital, and Grantham, Mayo, Van Otterloo & Company are also lenders.

PennPSERS commits $150m to TSSP opportunistic fund

The vehicle will take 30-40 positions in companies with EBITDA of $25m-$200m.

Arizona PSPRS ropes off $1bn for private credit over 2018-19

The pension has a 16% target allocation to private credit through 2027, representing an aggregate of $7.2bn.

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