Louisiana retire system commits $100 million to direct lending fund

The Louisiana Teachers’ Retirement System puts $100 million into direct lending fund. 

New Mountain prices unusual rated feeder fund
New Mountain Capital has priced a tranched rated feeder fund, New Mountain Guardian IV Rated Notes, arranged by Wells Fargo

Bridgepoint Group acquires Energy Capital
Bridgepoint Group adopts infrastructure strategy with acquisition of Energy Capital Partners. 

Credit funds at a glance (September 2023)
A round-up of people moves and fund raising  

Credit hedge fund returns (September 2023)
Credit hedge fund returns  

MM CLO rankings - August 2023 YTD
Our latest CLO rankings show $3 billion of US middle market issuance in August, and brings the number of managers accessing the market this year up to 23

Private credit takes off in Asia Pacific
Asia is finally joining the global rush for private credit lending with a stream of fund launches

CIFC prices first middle market CLO
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners

Kansas City Police Retirement System focuses on private credit
Ares has been hired by the organization to manage some of its private credit portfolio as it increases allocations to the strategy 

San Antonio Fire & Police deploys another $30 million to direct lender
The pension fund made its 10th allocation to a manager that focuses on venture debt investments to early-stage tech and life sciences companies

Ohio Police & Fire commits $50 million to private credit
Ohio Police & Fire pension system makes first private credit commitment for the year to a Barings fund

Ares scores $200 million for third senior direct lending fund
The Los Angeles-based alternative asset manager received a commitment from a Phoenix-based pension plan

Illinois Municipal Retirement Fund sinks hundreds of millions into credit funds

The Illinois Municipal Retirement Fund has invested more than half a billion dollars into several credit and direct lending funds

New Mexico State Investment Council commits $150 million to infra debt fund
The New Mexico sovereign wealth fund approved a $150 million allocation to the Newmarket International Infrastructure Finance Company IV 

HPS teams up with Bank of America to print its second middle market CLO
HPS Investment Partners has teamed up with Bank of America to print a middle market CLO named HLEND CLO 2023-1, its second entry into the private credit CLO space

Orix USA names head of East Coast for Growth Capital business

Orix USA seeks to grow East Coast division of Growth Capital business with new hire. 

Golub prints 2023's third largest new CLO
Golub Capital priced the third largest new CLO of the year on Wednesday

Allianz launches €1.5 billion global private credit fund
Allianz Global Investors targets €1.5 billion for second vintage of European private credit fund

Beverage holding company launches new $100 million credit fund
Beverage holding company seeks to fuel the bourbon business with new $100 million credit fund

Middle-market lender grows with new hires and promotions
Connecticut-based middle market investment firm Ironwood Capital grows team

BlackRock eyes next infra debt fund
BlackRock Alternatives is looking to launch a second global infrastructure debt fund, shortly after the departure of its European head of debt

Columbia Advisory Partners launches new private credit fund
Washington state-based investment firm Columbia Advisory Partners creates new credit fund

Proskauer welcomes back seasoned private credit lawyer, this time as partner
Proskauer welcomes back seasoned lawyer as partner to private credit group

Hayfin secures its largest private credit fundraise to date with €6 billion in commitments
Hayfin's latest private credit fundraise exceeds target goals, securing more than €6 billion in capital commitments

Cerberus's 2023 mid market CLO volumes rise to $1.25 billion after third deal
Cerberus Business Finance has priced its third middle market CLO of 2023 and brought its issuance volumes for the year to $1.25 billion, thus becoming the third manager to pass the $1 billion threshold