Beechbrook buys two more mezz loans for latest private debt fund
Beechbrook Capital has announced the completion of two new investments for its Private Debt III fund

Euro loan managers breathe easy as ECB adopts US-style lending guidelines
The ECB has, to some extent, relented and provided loan market participants with a greater degree of flexibility after this morning posting the final guidance for leveraged lending in Europe

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Hercules backs off from contract switch amid investor revolt
Hercules Capital has cancelled a planned shareholder meeting in which it was seeking approval for a controversial switch from internal to external management

Direct lender Kartesia puts new debt capital into Foraco restructuring
Direct lending specialist Kartesia has announced that it has invested in Foraco International as part of a restructuring of the French drilling services company’s debt

Bridgepoint makes high profile hire for push into credit
Private equity firm Bridgepoint has hired a long-serving head of acquisition finance, Debtwire reports

Owl Rock adds new direct loans, taking BDC to over $1 billion
Owl Rock Capital has continued to make rapid progress in ramping up its private business development company, one of the biggest debut mid-market debt funds of recent years

TCW muscles in with bid to take over Hercules BDC
TCW has put forward a proposal to take over as manager of business development company Hercules Capital

Direct lender Pemberton hires former RBS debt syndicate head
European direct lending specialist Pemberton has announced that it has hired former RBS gobal debt syndicate head Eric Capp as a partner

Texas mid-market lender pulls in $180 million for second fund
A Houston-based mid-market specialist has raised just under $180 million in the first close of its second private equity-style fund, according to regulatory filings

Ares wins $1.1 billion in global direct lending SMAs in strong start to 2017
Direct lending proved to be Ares Management’s most successful strategy in fundraising terms with the firm registering $1.1 billion of inflows for European and US private debt in the first quarter

Investors dump venture lender Hercules on plan for external manager
Shares in publicly traded business development company Hercules Capital fell sharply last week, after the company announced that it was switching from being managed internally to employing an external advisor

Advisor Marlborough hires ex-Lloyds private debt specialist
Debt advisor Marlborough Partners has announced that it has hired Aubrey Simpson-Orlebar, the former head of Lloyds Bank’s debt private placements team

West coast pension plans $300 million Carlyle mid-market allocation
Pension fund puts money into commingled fund and separate account with Carlyle Group

Credit manager ICG hires west coast marketer
London-based credit manager Intermediate Capital Group has announced that it has hired a marketing specialist on the US west coast

Fund manager sees global appeal for new $2 billion energy lending fund
EIG welcomes commitments from non-US based investors for its new direct lending fund

ECB's crackdown on leveraged lending clears the way for direct lenders
Regulator's plans to limit debt to ebitda ratios in loan transactions could drive traffic out of the capital markets and towards lending funds

Highland shelves plans for format switch as interval funds gather pace
Instead of converting a mutual fund into an interval fund, Highland is looking to launch an interval fund - viewed as a investor-friendly alternative to BDCs - from scratch 

Sumitomo eyes mid-market CLOs
SMBC has decided to try its hand at CLO arranging 

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

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What's wrong with non-sponsored direct lending?

Beechbrook heads up north to open Manchester office
Direct lender Beechbrook Capital has opened up a new office in Manchester, according to an announcement this morning