UK pension fund NEST seeks 'innovative' private credit manager
The £3.4 billion pension fund issued an invite to tender for private credit managers 

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

Wells Fargo AM chief Norris to retire
Wells Fargo Asset Management's Anthony Norris - managing director, chief investment officer and senior portfolio manager - is set to retire from the fund management industry in October

Danish pension fund's bond and loan performances diverge
ATP, the Danish public pension fund, has made negative returns on its credit portfolio with its bond portfolio suffering 

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

BNP Paribas hires to its loan sales team in London
BNP Paribas has added to its loans sales team in London with an experienced hire

TD builds out European credit trading arm with key hire
The Canadian-based investment bank has strengthened its European credit trading business with a senior credit trading official 

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

High profile figure in SRT market leaves Nomura in London
A well known figure in the significant risk transfer (SRT) space has parted company with Nomura in London, sources say.

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

SANNE appoints co-heads of private debt and capital markets
SANNE, an alternative fund and corporate administration services provider, has promoted Stephanie Hopkins and Stephen McKenna as co-heads private debt and capital markets Emea

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

Private debt tops the tables for Industriens Pensionsforsikring
Industriens Pensionsforsikring, the DKK164.5 billion ($25.7 billion) pension scheme, generated a 1.6% return from its private debt portfolio, according to its mid-year 2018 results

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”