SME lender lied about returns, says SEC
An invoice financing company lied to its investors about the value of its loan portfolio, according to the SEC

Speakers from seven managers join top direct lending event
Creditflux has unveiled the full agenda for its second Direct Lending Workshop, adding new speakers from 3i Debt Management, Alcentra, EQT, Grant Thornton, Kartesia Advisors, Muzinich, Park Square Capital and Sankaty Advisors

Adams Street hires former Oaktree officials for new private credit unit
The former head of Oaktree's Capital Management's mezzanine debt business, Bill Sacher, has resurfaced at Adams Street Partners to launch a new private credit initiative

Legal and General hires from RBS in bid to expand private debt business
Legal & General Investment Management has announced the hire of London-based Nicholas Bamber as head of private assets within its private debt team

Northill takes majority stake in Copenhagen-based credit manager
Northill Capital, a firm which invests in fund managers, has announced that it has bought a majority interest in Capital Four

Angelo Gordon adds healthcare industry specialist to direct lending unit
Angelo Gordon has hired Faraaz Kamran to head healthcare lending out of its direct lending subsidiary, Twin Brook Capital Partners

Minneapolis-based manager raises $270 million for mezz debt
Minneapolis-based GMB Mezzanine yesterday announced the closing of its GMB Mezzanine Capital III fund with over $270 million in committed capital.

Leading players line up for Europe’s premier direct lending event
Speakers include officials from Alcentra, BlackRock, British Business Bank, Crescent Capital and Hermes

Franklin Square teams up with GSO for its fourth BDC
Philadelphia-based manager launches non-traded BDC with credit fund manager  

Gulf Capital launches new middle east credit fund
Abu Dhabi-based asset manager Gulf Capital has announced it has raised $175 million of a targeted $250 million for its second credit fund

Direct lender Beechbrook launches £100 million SME fund
London-based Beechbrook Capital announces first close of UK SME Credit Fund 

Pollen Street attracts £100 million investment with direct lending nectar
An asset management firm which spun out of RBS two years ago has raised £100 million for Honeycomb Investment Trust - a fund targeting portfolios of consumer and small business loans

Ares and Barclays form new UK direct lending partnership
Ares and Barclays, two firms that are familiar with direct lending JVs, have teamed up for unitranche, revolving credit and capex deals

Hedge fund Two Sigma teams with ex-GE official for mid-market lending
Wesport-based investment manager Great Rock Capital has announced that it has launched a new middle market lending platform

Former GE high-flyer lands at Park Square to head direct lending
Former GE Capital mid-market chief Howard Sharp has joined London-based Park Square Capital Management as head of mid-market direct lending

Direct lenders get ready to play the game
Creditflux opens booking for its second annual Direct Lending Workshop