AB steps up fundraising for BDC
AB is raising funds for its AB Private Credit Investors Corp, previously known as AB Private Credit Corp, filings show

Austin-based manager announces six hires as part of continued credit push
Austin-based Peak Rock Capital has announced six new hires, including several senior personnel who appeared to have relocated for the opportunity

Neuberger keeps up private credit momentum as it markets new fund
Neuberger Berman is marketing its latest private credit strategy, with the firm launching Neuerger Berman Private Debt Fund III

Golub becomes CLO manager with most mid-market issuance for 2017
Golub has priced its fourth middle-market CLO transaction of the year, teaming up with Wells Fargo to arrange a reset of a 2014-vintage deal

Direct lender makes senior hire to co-lead originations
West coast manager White Oak Global Advisors has hired a new managing director and co-head of originations

Kentucky pension funds invest $150 million in two US managers
Kentucky Retirement Systems has agreed to invest $150 million in private credit assets with two US asset managers, and has hired a new consultant to advise on asset allocation

Twin Brook ramps up direct lending fund with $198.5 million loans
Twin Brook Capital Partners has put just shy of $200 million of direct lending capital to work, extended loans to two mid-sized US businesses

Mid-market CLO issuance crosses $10 billion as Madison prices reset
Madison Capital Funding priced a reset of a 2014 middle-market CLO this week, according to market sources

US pension fund eyes private credit and increases credit allocation by 2%
A Pennsylvania pension fund is expected to up its target credit allocation and decreased its target allocations to private markets and real estate

Whitehorse expands mid-market team with hire from THL
Whitehorse Capital, the credit arm of HIG Capital, has added to its direct lending team by hiring a Los Angeles-based principal from THL Credit

Insurance-affiliated manager hires from Pemberton for direct lending push
An asset manager with access to insurance company capital has hired the former UK & Ireland head of origination from Pemberton Asset Management

Golub adds loan to insurance broker Epic
Golub Capital has backed Oak Hill Capital’s recent purchase of a stake in Epic Insurance Brokers & Consultants

Texas PE firm seeks $225 million as it launches its first-ever credit fund
Texas-based private equity firm The Sterling Group is seeking to raise funds for its first-ever credit vehicle

Canadian pension giant makes big hire for new European direct lending unit
Caisse de Dépôt et Placement du Québec (CDPQ) has made its move into European direct lending

Carlyle taps former Davidson Kempner credit specialist as managing director
Carlyle Group has hired a new managing director on its credit opportunities team

Monroe sees to it that endoscope specialist obtains $26 million loan
Middle-market direct lending firm Monroe Capital has acted as sole arranger and administrative agent on the funding of a $26.3 million senior credit facility

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

Direct lender Metropolitan names president in newly created role
New York-based Metropolitan Partners Group Management has appointed a president, naming John Ioannou in the newly created role

Ares raises $2.15 billion in seven months for private credit strategy
Ares Management has raised about $2.15 billion for a private credit fund over just seven months, as it creeps close to its $2.5 billion cap

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

Muzinich opens shop in Dublin with aid of Irish private debt specialist
Muzinich & Co has opened a new office in Dublin, appointing an Irish private debt specialist from AIB

Chinese investment firm pushes into European credit with big hires
A Chinese global investment conglomorate is pushing into the leveraged loans, private debt and high yield space in Europe, and has hired two London-based leveraged finance specialists

CVC Credit appoints chairman as credit CIO steps down
CVC Credit Partners has today announced that Stephen Hickey will be leaving the firm for personal reasons. Joining the firm will be former JP Morgan leveraged finance head Hamish Buckland