BlackRock adds $34 billion of assets with Citibanamex buyout
BlackRock has acquired the asset management business of Citibanamex, a Mexico-based banking firm and subsidiary of Citigroup

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

CPPIB hires high profile European credit portfolio manager in London
Canada Pension Plan Investment Board has hired an experienced PM who previously worked on CLOs and private credit at Apollo

Private credit specialist rejoins Ares in Los Angeles
Ares Capital Management has appointed managing director Michael Zugay to its private credit team in Los Angeles 

Ares brings in credit portfolio managers from DoubleLine and Pimco
Ares Management has bolstered its liquid credit team with the appointment of Jason Duko and Kapil Singh, who join as partners and portfolio managers

American Beacon teams up with Apollo for credit interval fund
Regulatory filings reveal that Apollo will allocate assets across four main areas: US corporate credit, global corporate credit, structured credit and real estate credit

Loomis Sayles makes global fixed income senior role changes
Kenneth Buntrock, portfolio manager and co-team leader of the global fixed income team will retire in March 2019  

Baker McKenzie adds two global finance partners in London office
Global law firm Baker McKenzie has bolstered its finance team with the addition of two partners in the London office

Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate 

TwentyFour expands into US with head of US credit appointment in New York
TwentyFour Asset Management has appointed David Norris as head of US credit to lead the firm’s expansion into the US

Stifel builds out leveraged finance team with big hire
The new unit will focus on origination, underwriting, and syndication of leveraged loans and high-yield securities

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

King & Spalding adds debt specialist as partner in its Chicago office
Global law firm King & Spalding has appointed Amy Peters as partner in its corporate, finance and investments practice group

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