US manager taps ex-Credit Suisse chiefs to spearhead direct lending unit
The former co-heads of middle-market lending at Credit Suisse are spearheading a new US direct lending business

Mexico-based manager's credit fund reaches $55 million
Mexico-based Clarum has raised $54.6 million for its AlphaCredit Debt Fund

Cerberus's 2017 mid-market CLO issuance surpasses $1 billion
Cerberus Capital Management yesterday priced its third new issue middle-market CLO of the year

Direct lender Beechbrook tots up 50th direct lending deal
London-based direct lending fund manager Beechbrook Capital has added two new investments, according to an announcement

Illinois pension fund to invest in new NXT and Riverstone credit funds
An Illinois pension fund is set to invest $125 million with NXT Capital and $100 million with Riverstone Credit Partners as it ups its income allocation target by 1%

Fundraising's a hoot for Owl Rock as its BDC reaches $4.6 billion
New York-based Owl Rock has raised $4.6 billion since March 2016 for its mid-market debt fund, a regulatory filing reveals.

TCA global credit fund benefits from inflows
TCA's Global Credit Fund has grown by $37.5 million in 12 months, bringing its total to $131.1 million

Carlyle takes another step towards private credit growth with marketing hire
Brett Hinton has joined Carlyle Group in a business development role geared towards private credit

Former Bain credit specialist joins North Wall as partner
North Wall added former Bain credit specialist Alexander Garnier to its ranks earlier this summer

Palisades raises $26 million for new credit fund
West coast manager Palisades Investment Partners is fundraising for a new credit fund

Devon pension fund hires two firms and creates £150 million private credit bucket
A Devon pension fund is set to introduce a 3% allocation to the private debt asset class.

Goldman Sachs and KKR private credit funds win Korean investors
Korea Post has decided to commit $200 million to a new mezzanine debt fund from Goldman Sachs and $100 million to KKR Credit’s global mezzanine fund, according to local media reports

Golub adds to mid market credit team in Chicago
Golub Capital has made a new hire for its middle market lending team in recent weeks

Barings raises $350.8 million for Cayman private loan fund
Barings has raised $350.8 million among 16 investors for its North American Private Loan Fund, based in the Cayman Islands

M&G Investments hires Credit Suisse securitised product finance head
London-based M&G Investments hires well known structured credit specialist Vaibhav Piplapure for investment role including SME loans

Canadian pension fund forced to look beyond investment grade credit
Pension fund embarks on a massive overhaul of its fixed income platform

Permira staffs up in direct lending with hires from HIG and Marlborough
Permira Debt Managers has added two new members to its private credit team in London, as it ramps up its recently closed €2.1 billion European direct lending fund

Metrics targets retail as funds reshape Australia’s loan market
Fund launch marks a turning point for a corporate loan market that has been largely inaccessible to non-bank investors since the financial crisis

Monroe Capital adds loan to Delaware flooring maker Parterre
Monroe Capital makes loan to Tower Three Partners-backed Parterre Flooring & Surface Systems

Bain Capital raises $557 million for Asia credit fund
Bain Capital has held the first close of its Asia credit fund, known as Bain Capital Special Situations Asia – and has already raised $557 million for the fund

Essling Capital brings in four-person fund of funds team from Amundi
Paris-based private equity firm Essling Capital has expanded its staff, hiring a four-person fund of funds team from Amundi Private Equity Funds to specialise in private equity and debt

Pension funds shake up portfolios to make room for direct lending
Pension funds globally are scrambling to make space for direct lending loans within their portfolios

Texas pension fund plans to expand into opportunistic credit
Public pension plans to introduce a 2-3% allocation to opportunistic credit as it eyes new credit classes

Golub wins first mandate as US pension fund seeks private credit managers
Nebraska's Police & Fire Pension Investment Board has decided to increase the fund's overall private credit allocation from 0% to 5%

Pension funds eye managed accounts
A growing number of US pension funds are opting to build on their direct lending exposure by requesting managed accounts