Mariner spin-out hires private debt specialist as CIO
Newmarket, which focuses on environmental and social themes, has appointed a CIO from a consultancy firm

Trimark loan deal splits lenders and sparks complaint in NY Supreme Court: Debtwire
A new super-priority loan issued by Trimark has caused a rift between the company’s lenders and led to a complaint being filed in the New York Supreme Court.

Värde closes $1.6 billion dislocation fund
Värde Dislocation Fund, has a flexible, global mandate to invest in mispriced, stressed and distressed credit, focusing on short- to medium-term credit opportunities

Loan market delivers best one-day returns since April due to US election and vaccine
The S&P/LSTA Leveraged Loan Index recorded its best single day returns since April on Monday as investors celebrated in a string of positive developments that sent markets into overdrive

WTW to tackle lack of diversity across investment industry
Progress on diversity across the investment industry is “disappointingly slow”, according to research from Willis Towers Watson

Fund performance: Structured finance finds its footing with credit rally
For the first time this year we have seen a structured finance fund take the top spot, as Serone Key Opportunities Fund leads a multitude of other funds in this category in the top 10 of our monthly fund rankings

Ucits at a glance: European funds and CLOs head rankings
Ucits fund returns

Credit funds at a glance (November 2020)
A round-up of fundraising and people moves

Credit hedge funds (November 2020)
Monthly credit hedge fund tables

Investors search out illiquid credit for improved pricing
Credit investors are still trying to gauge appropriate pricing levels for smaller credit facilities in the tradeable credit space

US election result is 'benign outcome for financial markets', says Nuveen
This week's election in the US is a 'benign outcome for financial markets' even as the final result of the presidential election remains unknown, according to a new report from Nuveen's global investment committee

Loan default rate to reach 8% by June 2021, says S&P
S&P Global has predicted a US loan market default rate of 8% by next summer, according to new research from the rating agency released today

GSO co-founder Bennett launches minority GP-stake business
GSO Capital Partners co-founder Bennett Goodman (the “G” in GSO) has teamed with Mike Arpey, Avshalom Kalichstein and Rex Chung to launch a new GP stakes investing business

Apollo appoints head of credit valuations from sell-side
Apollo has appointed a head of credit valuations, as its previous head of credit valuations has transitioned internally to cover private equity valuations

Ares holds €6.97 billion first close on European direct lending fund
Ares Management Group has collected $12 billion in gross credit commitments over the third quarter of the year, according to the firm’s earnings presentation, including $8.2 billion for the first closing of its fifth European direct lending fund

Alcentra hires Mulshine as head of US distribution
Alcentra has hired a new head of US distribution from Lazard

Loomis Sayles promotes deputy CIO to top job
Loomis Sayles has named a replacement chief investment officer, following the retirement of incumbent CIO Jae Park

Antares names loan head successor following retirement
Peter Nolan, head of loan syndicate, sales and trading at Antares Capital is set to retire from the $27 billion firm

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

Värde names deputy CEO and several promotions
The transitional appointments follow George Hicks, co-founder and co-CEO, saying in July last year he would move to an executive chair role by the end of 2021

Z Capital hires from DFG and CVC
Z Capital Group has added loan specialists from CVC Credit Partners and DFG Investment Group in New York

Sovereign wealth funds empower direct lenders
Sovereign wealth funds are turning toward the booming private credit market, with three massive partnerships formed this year

Credit hedge funds (October 2020)
Monthly credit hedge fund tables

Ucits at a glance: Advent and Algebris edge towards double digit returns
Two managers stand out in the Ucits rankings as they close in on 10% YTD figures

Credit funds at a glance (October 2020)
A round-up of fundraising and people moves