Park Square sells minority stake to Bonaccord
Bonaccord Capital Partners has bought a minority stake in $10 billion private credit shop Park Square Capital

Loomis Sayles builds private credit unit and starts by hiring Securian duo
Loomis Sayles has launched a private credit unit and has hired two from Securian Asset Management to lead the business

US pensions assign $1.5 billion to 16 credit managers in December
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux

GSO co-founders reunite as Hunter Point buys minority stake in Iron Park
Two of the three GSO Capital Partners co-founders Bennett Goodman and Tripp Smith have been reunited with Goodman’s Hunter Point Capital buying a minority stake in Smith’s Iron Park Capital

Tikehau raises nearly €2 billion for direct lending amid record-breaking quarterly fundraising
Tikehau Capital has collected nearly €2 billion for Tikehau Direct Lending V, plus a further €275 million for its secondary private debt strategy 

Blue Owl hires BlackRock veteran for private wealth role
Blue Owl Capital has hired a managing director and head of North American distribution from BlackRock

Re-issues show their worth after mid market deal morphs into BSL CLO
Re-issues are scarce in the CLO market, but a transaction late last year highlights how managers can use these effectively to make radical CLO transformations

Guggenheim prints second new CLO in as many months
Guggenheim Investments has priced its second middle market CLO in as many months, teaming up with Wells Fargo as bookrunner and Capital One Securities as co-placement agent to print the $450.4 million Guggenheim MM CLO 2021-4

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

BC closes $1.2 billion second special opportunities fund 12 months’ incubation
BCP Special Opportunities Fund II has collected $1.2 billion in capital commitments - but a year later than it originally earmarked a final close

Hayfin raises 'more than €2 billion' for special opportunities strategy
Hayfin Capital Management has held a ‘more than €2 billion’ final close on its third special opportunities private credit fund, Hayfin Special Opportunities Fund III

"Some observers believe Europe’s opportunity in private debt lies at the lower end of the middle market"
European private debt has lagged its counterpart in the US. But a growth spurt may not be far off

SME CLO supremo leaves Be-Spoke for expanding Spanish firm
One of the pioneers behind SME CLOs has left Be-Spoke Capital to join another Spanish lender. He leaves behind the only SME CLO in Europe since the 2008 financial crisis  

Golub prices another $1bn CLO in second-largest new deal of 2021
Golub Capital Partners has priced the second-largest new CLO of 2021 and its second $1 billion deal in as many months

Credit funds at a glance (January 2022)
A round up of fundraising and people moves in credit

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021

CIFC pushes into direct lending with LBC acquisition
CIFC Asset Management has agreed to buy middle market direct lender LBC Credit Partners

Ares rounds out bumper year for direct lending with $14 billion US fund
Ares Management is ending 2021 with yet another massive direct lending fund-raise

MidCap returns to mid market CLO primary with first new deal in year
MidCap Financial has returned to the CLO primary market with its first new middle market deal in over a year

LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

Panagram takes on 'structure advisor' role for mid market CLO as two deals price
Panagram Structured Asset Management has taken an advisor role for a BlackRock mid market CLO - one of two mid market deals Natixis arranged this week, with another for Nuveen Asset Management

Firm claims to cut loan settlement times with blockchain based securitisation
Cadeia, a German technology firm, claims to have undertaken the first ever fully blockchain based corporate loan securitisation transaction

GreensLedge takes reins and maps out Deerpath CLO
Deerpath Capital on Monday priced its second middle market CLO of the year, named Deerpath CLO 2021-2

Muzinich adds UK and Ireland institutional sales head
Muzinich & Co has hired a head institutional sales for the UK and Ireland

Mid market CLO league tables: deal record breaks as Wells Fargo gains new issue lead
The mid market CLO space had a record-breaking month in November on three counts