New York pension allocates $100 million to US direct lending fund
New York State Teachers Common has awarded $100 million to a direct lending fund, as its private debt portfolio delivers 10.7% net IRR 

Louisiana pension earmarks $30 million for US private credit
This isn’t a first time relationship for the $1.8 billion pension fund, who previously granted  $50 million to the manager's previous fund in October 2018

TCA liquidates credit hedge fund amid SEC accounting investigation
TCA Fund Management Group is liquidating and shutting down its main credit hedge fund TCA Global Credit Master Fund, according to media reports, after an investigation initiated by Securities and Exchange Commission over the group’s accounting practices

Ares wins $750 million for direct lending SMA with another $100 million in the pipeline
Two US based pension schemes have recently backed or looked to commit to direct lending products managed by Ares Management, according to documents seen by Creditflux  

Morgan Stanley IM hires from Carlyle again as it makes direct lending "strategic priority"
The new hire rejoins former colleague Jeff Levin, who Morgan Stanley Investment Management added in February last year to establish a direct lending business as a "strategic priority"

Texas pension backs ICG credit fund
Texas County & District Retirement System (TCDRS) committed $167 million to a fund managed by Intermediate Capital Group in January, according to documents seen by Creditflux.  

Pimco launches listed multi-sector global credit fund
Known as Pimco Tactical Income Fund, the fund will invest in a range of global credit strategies and will list on the New York Stock Exchange

Pathway closes second private credit fund at $1 billion
Pathway Capital Management has held a final close on its second private credit fund at $1 billion 

Partners nears $100 billion in AUM as CLOs drive private debt growth
Swiss manager Partners Group has reached $94.1 billion in assets under management, with CLOs boosting the firm’s growth, according to its 2019 annual results  

BC Partners seeks $1 billion close for special opportunities fund
BC Partners Advisors is targeting a $1 billion close for its recently launched special opportunities fund, according to documents seen by Creditflux.  

Eaton's private credit co-head departs after 10 years
The co-head of private credit at placement agent Eaton Partners has left to join an all-women investment firm focused on commercial real estate debt 

Louisiana pension to put $125 million into direct lending and fund financing
The Teachers’ Retirement System of Louisiana is set to invest $125 million for two credit funds, according to documents seen by Creditflux  

Golub BDC originates $271 million in bumper Q4
Golub Capital BDC disclosed last week that it had originated $271.1 million in middle-market investment for the quarter ending 31 December 2019

Nuveen merges junior capital arm with Churchill to create $21 billion private markets platform
Nuveen, the asset management arm of TIAA, has combined its junior capital group with its mid-market private credit subsidiary Churchill Asset Management, in a move that will create a $21 billion private markets group

Park Square promotes four after departure of direct lending head
Park Square has announced four promotions to partner, which comes a couple of months after its head of direct lending Howard Sharp parted ways with the firm, as previously reported by Debtwire

Calpers eyes exposure to private debt
California Public Employees Retirement System is looking to introduce private debt to its portfolio, according to documents seen by Creditflux  

'Speciality finance' gains momentum as US investors go deeper into private credit
Institutional investors are continuing to invest in niche, speciality finance strategies - including litigation financing and life sciences - following intense competition and overcrowding in US private credit 

Citi unveils partnership to offer private credit to retail investors
Citi has unveiled a partnership with US peer-to-peer lender YieldStreet, in a move that will give YieldStreet's retail cleints access to the bank's private credit investments

US insurer Aflac purchases minority stake in direct lender Varagon
Varagon Capital Partners has sold a non-controlling, minority stake of the firm to Aflac Global Investments, the asset management division of US insurance company Aflac Incorporated

HIG WhiteHorse reaches $1.1 billion final close for direct lending fund
HIG WhiteHorse has announced a final close on its direct lending fund, HIG WhiteHorse Principal Lending Fund

Sound Point creates its first fund geared exclusively to direct lending
Sound Point, which has experience of investing in middle market loans through various funds, has launched its first dedicated speciality lending fund 

PineBridge launches first commingled direct lending fund
Two years after launching its private credit platform, PineBridge Investments closed its inaugural direct lending fund at $396 million, plus a $200 million leverage facility

Golub makes its way into Europe with big direct lending hire in London
Golub Capital has ticked off one of its big targets for 2020 – establishing a European direct lending business – with market sources indicating that the firm has hired a senior official from Guggenheim in London

Private debt takes centre stage as Arizona looks to bolster credit allocation to 25%
Arizona State Retirement System remains bullish on credit with the $41.9 billion institution looking to bolster its entire credit allocations to almost a quarter of the fund - and private debt will take centre stage in the Arizona pension’s growth plans

US pension backs two private debt managers, but retreats from syndicated loans
San Antonio Fire & Police Pension Fund ended 2019 bullish on private debt but shying away from syndicated loans