OFS BDC forms senior loan subsidiary with $150 million credit facility
OFS Capital Corporation has established a subsidiary to focus solely on senior loans

Investcorp enters into mid-market lending with CM Investment acquisition
Investcorp Credit Management announced today that it has bought CM Investment Partners from Cyrus Capital and Stifel Venture

Solar hires private credit specialists from NewStar and WhiteHorse
The asset-based lender has added two partners to its team in New York 

Twin Brook closes latest direct lending fund at $2.75 billion
The fund will have $5 billion of buying power 

Owl Rock hires ex-Credit Suisse official to New York team
The middle market lender has hired Credit Suisse's former head of US high yield bridge finance 

South Carolina pension backs tech-focused BDC
South Carolina Retirement System Investment Commission (RSIC) has committed $100 million to Owl Rock Technology Finance Corporation, according to documents seen by Creditflux  

Highbridge refocuses on credit as it liquidates listed multi-strategy fund
Highbridge Capital Management has announced to investors in a multi-strategy fund that it is winding down the vehicle and refocusing its business exclusively towards credit

It's a question of timing: US direct lending allocations hit a bump in the road
Recent disclosures from public pension funds point to a pull-back in private credit allocations

GSO generates $4.5 billion capital for energy-focused credit fund
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close

Arizona pension bullish on private credit after beating benchmark
Credit returns have bolstered performance for Arizona State Retirement System – and the pension fund remains bullish on future allocations to private debt

Los Angeles pension fund to shortlist illiquid credit managers
Los Angeles County Employees Retirement Association (LACERA) is set to select semi-finalists for an $500 million illiquid credit mandate by July  

Private debt should alleviate the next downturn, says Paul Hastings
Private debt should soften the next downturn and not exacerbate it, according to a note published by law firm Paul Hastings

PSP's private debt portfolio generates 9.2% return
Public Sector Pension Investment Board (PSP) has generated a 9.2% one-year rate of return of its private debt portfolio, exceeding its 5.7% benchmark, 

US pension replaces Cliffwater with Meketa
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.  

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.

Louisiana pension retains Hamilton Lane and plans private debt commitments
The $20 billion Teachers' Retirement System of Louisiana (TRSL) board has voted to retain Hamilton Lane as its private markets manager to oversee its private debt and private equity portfolios. 

Monroe bolsters direct lending team across the US
Middle market lender Monroe Capital has bolstered its direct origination team with hires across several US offices,

Los Angeles pension fund narrows down global direct lending search to four managers
Los Angeles City Employees Retirement System (Lacers) has listed the finalists for a private credit mandate, according to an agenda document seen by Creditflux.  

San Mateo pension backs BlackRock direct lending fund
San Mateo County Employees' Retirement Association is set to make a commitment of $35 million to BlackRock Direct Lending Fund IX, according to an agenda item document seen by Creditflux.

Cliffwater raises $135 million for interval fund geared towards direct lending
Cliffwater has raised $135 million for an interval fund through which it will allocate to five sub-advisors

Texas pension backs mine finance fund
Texas Municipal Retirement System (TMRS) is set to commit up to $150 million to Orion Mine Finance Fund III, consisting of a $100 million commitment to the fund and $50 million for co-investment  

FS and KKR create $9 billion publicly-listed BDC with four-way merger
The move would create the second largest BDC by assets under management

Marathon targets 10% for newly-closed aviation leasing fund
The fund, which will be backed commercial aircraft investments, has taken off