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

Blockchain drags credit into the future

Star names join Barclays as it pushes into CLOs

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.

They said it: My friend (not a fan of the president) said she would erect a statue of Trump if there was any further Volcker rule rollback
A US lawyer tells us that President Donald Trump is gaining admirers in the credit industry.

Points up front: Cooperman takes advice from Kenny Rogers
Last month news emerged that Omega Advisors founder Leon Cooperman was converting his multi-billion dollar hedge fund into a family office.It wasn’t fatigue or performance issues driving the 75-year-old to retirement (Omega’s flagship fund is said to have delivered double-digit returns in 2017), but rather American country singer Kenny Rogers.  

Investors gain upper hand in doc negotiations

Borrowers who made the one-month Libor election at the beginning of the year saved only a bit of money
The spread between one-month Libor and three-month Libor has garnered a significant amount of attention in the CLO market this year. Indeed, some market prognosticators suggested that the difference between the two rates could have such an impact that it would shut down the primary CLO market. 

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

Xtract: CLOs may be further squeezed by one-week Libor Election
There are 30 loans which could, at the drop of a hat, switch to one-week Libor benchmarks, according to a report by Xtract Research

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”