US pension grants $200 million to private credit
A west coast pension fund plans to increase more than five-fold its exposure to US direct lending

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

Alcentra and reit specialist Steadfast team up for fund
Alcentra has launched a new retail fund in the US to invest in mid-market credit

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

Japanese bank rides refinancing wave with mid-market CLO push
A key CLO investor is buying middle-market CLO paper for the first time after purchasing $1.2 billion of senior notes in a recent deal

BNP Paribas Asset Management hires SME lending head
BNP Paribas Asset Management has announced that it has hired Ardian’s former head of US private debt as part of a new private debt and real assets investment group

Twin Brook emerges as backer of three new acquisition loans
Details have emerged of three new loan investments by Twin Brook Capital Partners, Angelo Gordon’s mid-market credit specialist, as it continues to ramp up its latest fund

Pension fund decides against direct lending allocation - for now
West coast pension fund bides its time as it looks for more information on direct lnding before committing

US pension fund’s private credit search leads it to Alcentra
The pension fund for a major US city has chosen to invest in a fund managed by Alcentra after carrying out its first search for a private credit manager

Standard Life unit looks to put money to work in European direct lending
SL Capital has opened for business in private debt with officials at the company confirming that they have started with €270 million of capital to lend to privately-owned European borrowers

Angelo Gordon's Twin Brook adds mid-market loans in health care
Angelo Gordon’s Twin Brook mid market unit has recently added new debt investments in the health care sector, it is understood

Fifth Street looks to quit CLO management as it winds down credit hedge fund
Fifth Street Asset Management is streamlining its business and its three middle-market CLOs and credit hedge fund will be cut as part of this process

Apollo subsidiary prices $1.2 billion mid-market CLO
While the field of middle-market CLO managers is relatively small, newcomers to this business have been able to successfully raise large amounts of capital with Midcap Financial Services Capital Management the latest to produe a $1 billion-plus CLO

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

Senior debt funds are mis-pricing euro mid-market loans, conference hears
An influx of capital into senior debt funds is leading to mispricing in Europe’s mid-market, delegates at the Debtwire European Mid Market Forum heard yesterday

Onex eyes CLO resets as seasoned 2.0s reach reinvestment end
Onex Corporation held its earnings call last week, during which officials at the firm underlined the importance of resetting seasoned US CLOs into new structures

Park Square adds staff in direct lending and names new partners
European mid-market credit specialist Park Square Capital has announced that it has made two hires while also promoting three of its existing staff to the rank of partner

Muzinich brings in €180 million for new European private credit fund
Muzinich has held a first close on a pan-European private debt fund with €180 million in commitments

Direct lender Tikehau adds unitranche in Spain
Tikehau IM has announced that it has arranged a €60 million unitranche loan to back a recapitalisation of Spanish engineering company Terratest

Manulife’s Hancock adds six to fast-growing mid-market team
Manulife unit Hancock Capital Management has announced six further hires for its leveraged loan team in Chicago

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

Wells Fargo adds step-up tranche as it prices mid-market CLO
Wells Fargo has priced a $300 million CLO which features a step-up tranche that activates after two years

Direct lending hopeful Advent appoints chief of staff
$9 billion asset manager Advent has brought in a chief of staff and strategy