Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

UK funds brace themselves against value-for-money ruling
The UK’s Financial Conduct Authority (FCA) has published its final set of fund governance rules that aim to strengthen the duty of authorised fund managers to their investors.

Direct lenders divided over projected impact of scrapping leveraged lending guidelines
With US bank guidelines on leveraged lending apparently on their way out, direct lenders are divided over the extent to which banks will crowd back into leveraged lending

Canadian pension fund appoints head of credit
Toronto-headquartered Canada Pension Plan Investment Board has appointed John Graham as head of credit investments, effective 1 June 2018

Zencap looks to raise €200 million for its third infra debt fund
French alternative investment boutique Zencap Asset Management is launching its third senior infra debt fund with a €200 million first close target, the firm announced on Friday.

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Och-Ziff's head of European private credit set to join Carlyle
Carlyle Group has made a high profile hire to its credit team in London

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Manager launches eighth European leveraged loan fund with €300 million target
SCOR Investment Partners and private equity firm LBO France have partnered to launch a European leveraged loan fund seeking €300 million in capital commitments

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

Hamilton Lane holds first close of newest credit fund at over $16 million
The Pennsylvania asset manager's lastest credit fund was launched last year, making its first sale on 20 December, according to regulatory filings

BNP Paribas adds experienced fund financing specialist to its Paris offices
BNP Paribas has hired an experienced professional to its fund financing team. The new recruit will cover loan funds

Rothschild's Yeates joins Investcorp to head European credit funds business
Credit veteran Phil Yeates has joined Investcorp Credit Management as a managing director and head of its European credit funds business, according to an announcement this morning

Private credit allocator finds there is no substitute for the real thing
A US pension scheme is considering decreasing its allocation to private credit – and it has nothing to do with performance

Credit Suisse alumni in Australia raise $217 million for credit fund
Australian private investment firm Tanarra, formed less than a year ago by a group of Credit Suisse alumni, has raised AUD$285 million ($217 million) for a new credit fund

Manager's aviation debt fund takes off with $115 million
A new debt fund is getting into gear, having held a first close of $115 million

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

Griffin shifts BDC assets to credit fund managed by Bain
Griffin Capital Company has shifted assets from its Capital BDC into a closed-end credit fund, dropping Benefit Street Partners as subadvisor to those assets in the process

US managers win South Korean investment
Ares, Audax and KKR are among the cluster of fund managers that have put their hearts and minds into marketing credit funds in Seoul – with great success

Neuberger Berman targets corporate credit with $1.1 billion fund
Neuberger Berman closed a new credit fund yesterday, according to a statement from the firm

Bridgepoint poaches ING leveraged finance star for new direct lending arm
Bridgepoint has hired an ING leveraged finance specialist to support its push into direct lending, sources say

GoldenTree partner joins Alcentra as co-chief investment officer in London
Vijay Rajguru, a partner at GoldenTree Asset Management, is joining Alcentra as its co-chief investment officer.

Debt communications firm Lucid launches trustee business with four hires
London-based debt issuer communications platform Lucid Issuer Services has made four senior hires and launched an agency and trustee services team