Altriarch launches new credit strategy focusing on overlooked segments

The South Carolina-based firm offers asset-based credit solutions to specialty lenders and small businesses 

Despite CLO gloom in Europe and greater take up of private credit in the US, markets on both sides of the Atlantic are similar
I’ve just returned from a trip to London, my first since taking on the mantle of editing Creditflux, and was struck as always by how stubbornly far apart the European and the US markets remain.

Direct lending sets up on high street seeking retail and wealthy investors
Private credit managers, historically reliant on institutional investors, are increasingly turning to retail investors for fundraising. The dramatic growth in private credit as a whole has been well documented. But in the past few years there’s been a massive pickup by retail and private wealth.

Primary market roars into life
The primary CLO market pickup that started in August continued strongly in September, both in Europe and the US. Although the overall direction was the same on both sides of the Atlantic, the type of activity was quite different.

SCRS sinks millions in private credit funds
Nine percent of the South Carolina system is already dedicated to private debt as it commits USD 50 million extra 

Maryland pension system commits hundreds of millions to credit funds
The Baltimore-based pension system made commitments to five private debt funds between June and September of this year

Private equity firm raises USD 750 million for private credit
British-based private equity firm Apax Partners has raised USD 750m for the first generation of its Apax Credit Funds

BNP Paribas prices monster middle market CLO
The largest CLO in years priced yesterday in the form of Golub Capital Partners CLO 69(M), a USD 1.33bn transaction

Golub expands fundraising in Latin America with new hire
The new hire from Lazard will work in the US offshore market, alongside institutional and private wealth investors in Latin America

Arrow Global names new senior-level hires
London-based asset manager announces new CIO of credit and direct lending

Illinois police pension fund opens search for credit managers

The fund plans to start investing in US leveraged loans and increase allocations for private credit

Direct lending firm hires partner from Blue Owl
The newest addition to the team will focus on product and business development

Helaba to launch EUR 500m infrastructure debt fund
Helaba Group is looking to launch its first comingled infrastructure debt fund, as the bank looks to expand its investment management capabilities in the sector

Blackstone loses head of private credit in Europe and APAC
Senior managing director will stay until the end of the year before stepping back for personal reasons

Mount Street taps Dechert exec for client development role
The European-headquartered third-party loan servicer and credit asset manager is expanding Stateside. 

Demand for custom private credit structures growing says new report
The use of open-ended funds and hybrid structures are on the rise in private credit strategies according to a new report published by the Alternative Credit Council and law firm Dechert

Rabobank launches new direct lending platform
Colesco Capital with a focus on sustainable direct lending

Blackstone combines credit and insurance divisions in major reorganisation
The newly-created BXCI unit will be led by Blackstone veteran Gilles Dellaert and aims to grow assets under management to $1 trillion over the next decade.

California retirement association commits up to $62 million to credit fund
San Joaquin County Employees' Retirement Association has committed up to $62 million to direct lending strategy

Opale selects three funds for tactical credit investment strategy
Digital platform for French investors launches first private debt investment strategy

Comvest Partners adds new head of investor relations from BlackRock
The newest addition to the firm's senior-level team has been tasked with managing investor relations across direct lending, private equity and special opportunities investment strategies

Abu Dhabi-based sovereign investors put $1 billion into tech-focused credit platform
Abu Dhabi-based sovereign investor forms strategic partnership with US asset manager as it focuses on technology lending strategy

Societe Generale teams up with Brookfield for €10 billion private debt fund
New fund launched with €2.5 billion of seed funding and plans to reach their target over the next four years

Brightwood returns to CLO market for first time this year
Brightwood Capital has priced a new middle market CLO, Brightwood Capital MM CLO 2023-1, arranged by GreensLedge with RBC as co-placement agent

Monomoy Capital Partners' credit fund boasts $300 million in commitments
Monomoy secures $300 million for Monomoy Credit Opportunities Fund II