Brookfield, a Toronto based asset manager, announced the final close of its $4 billion Brookfield Infrastructure Debt fund III. The fund will lend to core infrastructure assets in North America but will also invest in South America, Australia and Europe. The fund will be 50 percent larger than the previous fund which had a final close of $2.7 billion in 2020. More here
Oaktree Capital Management, a global asset manager, launched its $3 billion Real Estate Debt Fund IV. The fund will invest globally in a wide range of opportunities, including commercial and residential mortgages, commercial property mezzanine loans and real estate structured credit. It is expected to be the same size as its previous fund which closed in March 2022. More here
Castlelake, a Minneapolis based alternative investment firm, announced its $2 billion Aviation fund. Castlelake’s fifth aviation fund will focus on investments in high quality, younger mid-life aircraft and will be its largest fund to-date. Castlelake has invested over $18 billion in aviation opportunities. More here. The investment manager also published an insightful white paper on the growth of asset-based private credit. Available here
SC Lowy, a Hong Kong based asset manager, is exploring launching a private credit fund dedicated to the Middle East, North Africa and Turkey. SC Lowy identified the need for financing mid-cap companies in Saudi Arabia as a key opportunity. The fund would have a target size of between $200 million and $500 million. More here
Sienna Investment Managers, a Luxembourg based asset manager, revised its $430 million Sienna Real Estate Debt Impact Fund VI. The fund announced it was expected to close at $320 million, following a “difficult” two year push. Sienna Real Estate lends to all collateral types, excluding hotels, in France, Germany, Italy, Spain and the Netherlands. The fund identified mid-sized loans as a key opportunity. Particularly in transitional properties that don’t have cash flow and have a need to be revamped. More here
Calamos Investments, an Illinois based investment firm, launched the Calamos Aksia Alternative Credit and Income Fund. The fund will use Aksia's expertise and network to invest in a range of assets including distressed and special situations, mezzanine financing, real estate and real assets credit. More here