PE firm Veritas turns towards credit opportunities
Veritas Capital Management is yet another manager looking to augment its investment offerings and – like several other private equity houses – the firm has turned towards credit

Korean institution hunts for direct lending managers
Korea Post has launched a request for proposals in which it seeks out two managers to invest a total of $200 million into global direct lending loans  

Crescent targets $1 billion for US unitranche fund
Crescent Capital has held a first close for its Crescent Private Credit Partners Unitranche Fund

Californian pension fund opens search for private markets consultant
Kern County Employees’ Retirement Association, the $4.2 billion pension fund, is searching for a non-discretionary private markets consultant to advise on private credit, private equity, and private real assets investments  

Northleaf raises over $500 million for open-ended private credit fund
Structured as an evergreen fund, Northleaf states that the strategy will “enhance liquidity options compared to traditional private credit fund structures”

Ninepoint teams up with US direct lender for fund launch
The move comes after the Canadian asset manager launched a new trade finance fund earlier this week

Texas pension fund looks to top up credit portfolio
Texas County & District Retirement System (TCDRS) has decided to increase by 3% its target allocation to strategic credit  

New York pension fund hunts for private debt and equity consultant
New York State Teachers' Retirement System has launched a request for proposals in which it seeks non-discretionary private debt and private equity consulting services  

Northleaf appoints private credit officials in Chicago, London and Toronto
Northleaf Capital Partners has expanded its private credit team with three hires - including an ex-Barclays head of international corporate credit

Twin Brook hires healthcare specialist to direct lending team
Direct lender Twin Brook Capital has appointed a managing director solely focused on healthcare opportunities 

Ninepoint and Highmore team up for trade finance fund launch
Ninepoint Partners, a Canadian manager, has teamed up with Highmore Group Advisors to launch a trade finance fund

Direct lending challenges in 2019: competition, lack of quality assets and high transaction multiples
Results from Proskauer Rose's survey show these are not putting off 75% of respondents, who are fundraising for a debt fund

Alcentra BDC explores 'strategic alternative' plans to add value
Alcentra has appointed financial advisor Houlihan Lokey to evaluate 'strategic alternatives' for its business development company 

Direct lenders split over best way to manage loan restructuring
Direct lenders are divided on how best to set up internally when dealing with loans that require restructuring. Some managers argue that a deal should be restructured via the original deal team

Debevoise & Plimpton hires three fund partners from Linklaters
Debevoise & Plimpton has strengthened its funds practice with the appointment of three partners in its New York office

BlackRock names global alternatives head amid senior leadership shake-up
BlackRock has reshuffled its leadership and made several senior changes across various parts of its business, according to an internal memo seen by Creditflux

Montana pension considers direct lending fund
Montana Board of Investments, the US pension fund, is planning to discuss on new private equity commitments on its board meeting on 2 April, according to the agenda documents seen by Creditflux.  

Californian pension reveals 2019 private credit plan
Ventura County Employees’ Retirement Association is considering committing up to $80 million to private credit funds, following a recommendation of its investment consultant NEPC  

Italian manager launches fund for private debt opportunities
DeA Capital Alternative Funds, an Italian asset manager, has launched an alternatives fund to target global private debt investments, along with investments in private equity and infrastructure  

US pension backs Vista credit fund
Illinois Municipal Retirement Fund (IMRF) has approved a $50 million commitment to Vista Credit Partners Fund III, according to documents from the March board of trustees meeting  

Fiera buys private credit and real estate specialist in $74 million deal
The transaction will add $3.1 billion of assets under management to Fiera Capital Corporation 

Medley BDC loses compliance with NYSE as two directors depart
The Medley marathon continues after two "independent" directors offered their resignations. The pair were named in a lawsuit last month with activist shareholders FrontFour 

US institution eyes credit as part of private equity expansion
University System of New Hampshire (USNH) looks to add credit commitments into its private equity portfolio, as part of the asset class new target allocation.

Alcentra BDC assigns new CEO
Business development company Alcentra Capital Corporation has named a new chief executive officer, saying "this is the right time for these transitions"

Alcentra's co-head of US direct lending switches focus to Europe - Debtwire report
Alcentra has appointed Peter Glaser as co-head of European direct lending, according to Creditflux’s sister publication Debtwire