IFM Investors collects nearly $500 million for global infrastructure debt fund
IFM Investors has launched a global infrastructure debt fund with total aggregate commitments just under $500 million -  nearly doubling its initial $250 million target size

San Mateo pension fund commits $20 million to ABRY debt fund
San Mateo County Employees' Retirement Association (SamCERA) has mandated $20 million to a senior debt fund managed by Boston-headquartered ABRY Partners

Partners Group promotes Layton to co-CEO as Rubeli steps down
Partners Group has announced that David Layton, partner and head of private equity, will succeed Christoph Rubeli as the firm’s co-chief executive officer, effective 1 January 2019

Swedish pension fund's credit portfolio recovers with strong 2018 results
Andra AP-Fonden (AP2), the SEK 352.4 billion ($38.7 billion) state-owned pension fund, generated 5.6% absolute returns from non-domestic credit investments for the first half of 2018

Manager plays its cards right as top-performing hedge fund grows in size
A US credit hedge fund manager has grown the size of its credit vehicle amid a strong first half of the year

Vanguard plans global credit bond fund launch for US investors
Vanguard’s $1.3 trillion fixed income group is looking towards a US-domiciled global credit bond fund in the fourth quarter this year, following the Ucits version it launched last year 

New York manager prepares interval credit fund launch
A structured credit fund manager is joining the interval fund rush 

Churchill bolsters senior origination team with three hires
Middle market specialist Churchill has hired three principals to expand its sponsor coverage team

Barrow Hanley gets started with $25 million seed investment for debut loan fund
Barrow Hanley MeWhinney & Strauss's new loan investment business has got off to a strong start with a $25 million seed investment

BlueMountain hires PM to lead private infrastructure unit
BlueMountain Capital Management has hired Scott Troeller to lead its private infrastructure unit  

Proskauer expands asset management practice with partner in Washington
International law firm Proskauer has expanded its global asset management practice with the appointment of William Tuttle, who joins as partner in the corporate practice

Direct lenders express concern over proliferation of ‘adjusted ebitda’ terms

Consultant calls on investors to quiz managers over ESG processes
The lack of consistent and reliable data seems to be a major challenge when embracing environmental, social and governance (ESG) criteria across private equity, infrastructure and credit.

BAML assigns high-ranking position to Barclays leveraged finance head
Bank of America Merrill Lynch has poached Barclays leveraged finance head Jill Schwartz and assigned her the role of executive vice chairman of global corporate and investment banking, according to an internal memo seen by Creditflux

Invesco to convert Canadian bond fund into global credit strategy
The new Invesco Active Multi-Sector Credit Fund will have a global multi-sector approach

Texas pension fund puts $150 million into credit
A $29.7 billion pension fund has approved commitments to two credit fund managers

BNP Paribas reorganises US credit business and appoints leveraged finance head
BNP Paribas has integrated its existing US primary and secondary credit units under a single new entity known as global credit markets Americas

Houlihan Lokey launches US loan platform and signs up HPS
Global investment bank Houlihan Lokey has launched a new syndicated leveraged finance platform as part of its capital markets group in response to “significant client demand” 

Mill Hill poaches former Citi structured credit specialist
New York-headquartered Mill Hill Capital has appointed Nick Pepe as head of business development and investor relations

Crestline Denali announces new structure following CEO departure
Crestline Denali has announced its new organisational structure, following the retirement of its chief executive officer David Killion

Portfolio managers continue to be pessimistic on credit outlook, survey finds
A survey by the International Association of Credit Portfolio Managers states that 56% respondents believe average corporate default rates will increase over the next 12 months 

Thrivent looks to the heavens for new interval loan fund
Minneapolis-based Thrivent Asset Management hopes to receive blessings and capital commitments from investors, after it has registered its new interval Church Loan and Income Fund

Arctos Capital raises for cryptoasset credit fund
San Francisco-headquartered Arctos Capital is launching a cryptoasset credit fund – Arctos Capital Cryptoasset Credit Fund

Californian pension fund looks to increase exposure to opportunistic credit
Merced Country Employees Retirement Association (MCERA) may increase its exposure to opportunistic credit, according to documents seen by Creditflux

Houlihan Lokey expands global private funds group with Carlyle official
Global investment bank Houlihan Lokey has expanded its global private funds group with the appointment of Zade Zalatimo, former senior executive officer of Carlyle MENA