Ucits at a glance: CIFC nears positive 12-month returns
Ucits funds have started 2021 on a quiet note as 72% of funds achieved a positive return

Credit hedge funds (March 2021)
Monthly credit hedge fund tables

HIG bolsters direct lending team with ex-Bridgepoint official in London
HIG Whitehorse has hired the former head of the UK at Bridgepoint Credit

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

Antares reclaims largest 2.0 CLO moniker at new market tights
Antares Capital reclaimed its title as the manager of the largest 2.0 CLO on Tuesday by upsizing its debut deal to a huge $2.29 billion as part of a reset

Hamilton Lane collects nearly $900 million for private credit fund
Hamilton Lane has held a 'nearly $900 million' final close of its sixth private credit fund, Hamilton Lane Strategic Opportunities Fund VI

It's all relative: CLOs march tighter as macro traders open positive CDS skews
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter  

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

Ex-Accunia CLO chief joins Danish multi-family office
The former chief investment officer of Accunia Credit Management has joined Scope Invesment in Copenhagen as senior portfolio manager

First Eagle targets $1 billion for direct lending
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V

HIG bolsters European direct lending presence with senior hire in Madrid
HIG Whitehorse has appointed a managing director in the firm's Madrid office

Ex-Highland official launches private credit placement agent firm for niche strategies
The former partner and chief executive officer at global placement agent FirstAvenue Americas, has launched his own placement agent named Briarcliffe Credit Partners

JP Morgan AM seeks direct lending head for 'key strategic initiative'
JP Morgan Asset Management is looking to build out direct lending capabilities within its alternatives business

European direct lender explores possibility of CLO management
A European direct lender is exploring the possibility of establishing a CLO management arm, with the firm looking to hire

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

AlbaCore adds distressed hire among raft of new arrivals
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46

Natixis scores CLO hat-trick with AB, OFS and Cerberus
The CLO primary desk at Natixis went on a $1.2 billion CLO spree on Friday, pricing deals For AB Private Credit Investors, Cerberus Business Finance and Orchard First Source

Manager launches UK direct lending platform with exclusive bank partnership
HSBC Asset Management has launched a UK-focused direct lending platform as part of the firm’s ambition to grow its alternative investments

Adams Street strikes $2bn JV with American Equity to bring private credit to insurers
Adams Street Partners and insurance company American Equity Investment Life have teamed up to co-develop insurer products in US middle market credit

Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

Ares holds first close of junior direct lending fund as it eyes 'dozens more' $1 billion-plus funds
Ares outlined several credit fundraising initiatives in its fourth quarter earnings call - among which were a first close of its latest junior direct lending fund, upping the target for its credit special situations fund by over $1 billion, as well as new product launches including an evergreen alternative credit fund

Bain and Pantheon form $320 million private credit JV to invest in Europe and Australia
Bain Capital Specialty Finance, a publicly traded business development managed by Bain, has formed a joint venture with Pantheon’s private credit business to invest across Europe and Australia

Tikehau launches ESG private debt fund with interest rate ratchets
The European Investment Fund has backed Tikehau's private debt fund, Tikehau Impact Lending, which provides lower interest rates to companies that meet their sustainability goals

Bain preps follow-up to 2015 global direct lending fund
Bain Capital has launched its latest direct lending strategy, Bain Capital Global Direct Lending 2021