Ares affiliate re-emerges in mid market with first primary CLO for three years
Ivy Hill Asset Management, the direct lending affiliate of Ares Management, has priced its first CLO primary market transaction in almost three years, completing a $499.3 million new issue backed by loans to middle market companies

Tikehau hires UK institutional business head
Tikehau Capital has appointed a head for its UK institutional business

Manager holds €135 million interim close on Italian private debt fund
The vehicle has a €200 million target and €250 million hard cap

MUFG makes three big hires to bolster US private equity sponsor and direct lending coverage
Mitsubishi UFJ Financial Group has hired from Antares, RBC and Regions Bank 

Ares pledges charitable donations based on success of new $3.7 billion fund
Ares Management Corporation has held a final close on Ares Pathfinder Fund at its $3.7 billion hard cap - and portfolio managers will commit at least 10% of the fund’s caried interest profits to global health and education charities

Lombard hires PM for new special situations strategy
Lombard Odier has hired an ex-Sandell Asset Management official to launch a strategy that targets special situations and event-driven opportunities

Manulife appoints co-heads of junior private credit from Hancock affiliate
Manulife Investment Management has named co-heads of junior credit for private markets

BMO makes new issue CLO breakthrough with first lead arranger role
BMO Capital Markets has completed its first solo CLO assignment as arranger by pricing a middle market CLO for its affiliate BMO Asset Management on Friday

Golub goes from fixed to mixed in mid market CLO refi
Golub Capital Partners has refinanced the fixed-rate tranches of its 2017 vintage middle market CLO named Golub Capital Partners CLO 34(M), converting the bonds into a mix of fixed and floating-rate liabilities in the process

Retail investors gain access to private credit with Northleaf Mackenzie fund launch
IGM Financial’s Mackenzie Investments has teamed up with direct lender Northleaf Capital Partners to launch a global private credit fund for accredited retail investors

NXT collects $1 billion for US mid-market direct lending strategy
NXT Capital has held a final close on its US middle market direct lending fund, NXT Capital Senior Loan Fund VI

Barclays' head of middle market CLOs leaves bank
Barclays' middle market CLO head has parted ways with the bank

Madison matches mid-market tights with first CLO primary deal since July
Madison Capital priced its first CLO deal in eight months on Wednesday, teaming up with Wells Fargo to reset 2017's MCF CLO V for an extra four years of reinvestment

European direct lender scopes out possibility of CLO management
Europe’s CLO market could welcome yet another entrant with a direct lender exploring the possibility of managing CLOs

European Direct Lending Perspectives: 44% expect fundraising to hit €30-50bn
Creditflux and Debtwire have now published the tenth edition of the quarterly European Direct Lending Perspectives report which also contains our third annual survey of the direct lending market

Cerberus racks up $4.4 billion for US direct lending strategy
Cerberus Capital Management has held a final close of its latest US mid-market direct lending fund, Cerberus Levered Loan Opportunities Fund IV 

Tikehau hires Germany head for new Frankfurt office to target region’s ‘untapped potential'
Tikehau Capital has expanded its European footprint by opening a new Frankfurt office, and has has hired a new head of Germany

HIG hires two from Tikehau for French direct lending
HIG Capital has bolstered its French direct lending team by appointing two principals in the firm's Paris office

Blackstone cuts spreads on post-reinvestment mid market CLO
Blackstone Credit has refinanced four tranches of a 2019 middle market CLO just over four months after the deal left reinvestment

HIG Bayside closes $1.4 billion US distressed debt and special sits fund
HIG Bayside Capital, the distressed debt and special situation arm of HIG Capital, has held a $1.4 billion final close on its HIG Bayside Loan Opportunity Fund VI

Mid market CLO spreads reach tightest point since 2018 as Fortress prices new issue
Four-year triple A spreads on middle market CLOs reached new post-covid tights on Friday as Fortress Investment Group issued a deal with first-pays at just 155 basis points over Libor

People underestimate the impact they can have with ESG
Muzinich's Kirsten Bode takes our credit quiz

A transformational framework means fund managers have to drive real-world change
There are managers who make transformational investments, those who incorporate ESG and those who do nothing

Credit funds at a glance (March 2021)
A round-up of fundraising and people moves

Fund performance: CLO funds pick up where they left off
New year, same funds leading the way with CLO strategies the top performers in January