Fidelity U-turns on European direct lending strategy as it ditches origination in favour of third-party partnerships
Fidelity International is cutting its direct lending division in Europe, and will instead partner with third parties to offer private credit solutions going forward

Swedish manager raises EUR 1.7bn for private credit fund
A Stockholm-based private credit specialist has closed a fund targeting non-sponsored loans to mid-sized family-owned and growth businesses in Northern Europe

British bank and Irish asset manager team up
British Business Investments and DunPort Capital Management are the latest bank and asset management duo working together

Investec Bank launches private credit management team
London-headquartered Investec Bank is growing its direct lending platform with the launch of a new private credit management team

Funds round up: April 2024
Allocations to private credit and new fund launches continued to roll out in April, as our monthly round-up confirms

Private credit firms chase opportunities in asset based lending as US banks withdraw
Lending against assets is becoming the fastest growing part of private credit. The market is expected to grow from roughly USD 787bn in 2024 to more than USD 1.26trn in 2028, according to a report by Research and Markets, a data and statistics firm.

EU managers seeking retail investors roll out first ELTIF 2.0 credit funds
EU managers seeking retail investors roll out first ELTIF 2.0 credit funds

Credit hedge funds
Credit hedge fund performance

Allianz gears up to launch European credit impact investing fund
Allianz Global Investors filed regulatory documents in Luxembourg this week for a new impact investing fund, the latest in a string of similar strategies

DWS head of direct lending departs
Marcus Herbig, head of direct lending at DWS, has left the firm, according to people familiar with the matter

LGIM launches alternative investment fund
European asset manager Legal & General has launched a new private credit fund which will sit on a newly-created Reserved Alternative Investment Fund, or RAIF platform

Muzinich hires head of alternative credit solutions and strategy
Muzinich has hired Rehan Virani in the newly-created role of head of alternative credit solutions and strategy as the New York and London-headquartered credit specialist continues to expand its private credit and CLO strategies

Hayfin adds managing director in private credit from BlackRock
London-based Michaela Campbell and will be responsible for leading the private credit team’s portfolio monitoring and risk profile

Funds round up: private credit reaches for retail
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors

Swedish credit specialist closes European lending fund with EUR 1.7bn
A Swedish credit specialist has closed its fifth non-sponsored direct lending fund with more than EUR 1.7bn raised

Pemberton raises EUR 2.3bn for opportunistic direct lending fund
Pemberton Asset Management recently held the final close of its Strategic Credit Fund III with EUR 2.3bn raised

ThinCats unveils GBP 300m fund for UK SMEs
UK-based alternative lender ThinCats has launched a new fund aimed at supporting SMEs in England's Northwest, Midlands, London and the Southeast

Blackstone partners with Finland's S-Bank for European private credit fund
Blackstone has partnered with Finnish S-Bank, making it possible for individual investors in Finland to tap into the European private credit market

Zurich and Pemberton team up for new ELTIF 2.0 private credit fund
The new ELTIF 2.0 fund will give Individual investors and life insurance customers in Europe access to the private debt markets

Schroders Capital adds new global head of business development and product
Schroders Capital turned to ICG to source its newly-created role of global head of business development and product

Barings launches legal proceedings against Corinthia and two senior defectors
Barings has commenced legal proceedings against two former senior executives who last week defected to Corinthia Global Management

DWS expands in London with new senior investment manager role
London-based Roscoe Roman has joined German asset manager DWS, in the newly created role of senior investment manager for alternative credit (EMEA)

Equity piles up in European direct lending portfolios after debt swaps
European debt funds have fully or partially equitised at least 61 loans provided to companies backed by some of the biggest names in private equity since 2018, analysis by Debtwire shows.

Credit hedge funds
Credit hedge funds

Credit funds at a glance
Credit funds at a glance