Hayfin Raises €15 Billion for Direct Lending Fund as Investors Concentrate on Private Credit Giants
Updated
Updated · Bloomberg · Jul 2
Hayfin Raises €15 Billion for Direct Lending Fund as Investors Concentrate on Private Credit Giants
1 articles · Updated · Bloomberg · Jul 2
Summary
More than €15 billion flowed into Hayfin Capital Management’s Direct Lending Fund V, making it the firm’s largest fund yet and far exceeding its reported target of more than €8 billion.
The raise underscores how institutional investors in the $1.8 trillion private credit market are steering commitments toward the biggest managers despite broader unease about weaker funds.
Fund V is already more than 50% deployed across over 35 companies, including CloserStill Media, Juvisé Pharmaceuticals and Hipp.
The result suggests scale is becoming a bigger advantage in direct lending as investors favor established platforms over smaller private credit firms.