Medley and Sierra fight back over NexPoint's "$225 million value" claims
Medley Capital Corporation and Sierra Income Corporation have issued a joint statement disputing facts claimed by Highland affiliate NexPoint Advisors 

Eldridge snaps up co-founder stake for majority ownership in direct lender Maranon
Eldridge Industries has acquired a majority ownership position in the middle-market lender, buying an additional stake from Marnon co-founder Tom Gregory

New York pension ups commitment to HarbourVest by $400 million
New York State Teachers' Retirement System has topped up commitments to Maple Fund, having already approved $600 million in 2017

Performing credit tops distressed credit for Blackstone, but credit AUM declines
The firm is looking to boost its direct lending business to gain $10 billion of available capital over the next couple of years

FrontFour continues to urge shareholders to vote against Medley BDC merger
FrontFour Capital Group, a shareholder with 3.8% ownership of Medley Capital Corporation, has issued yet another statement for shareholders to vote against the proposed merger of Medley Management with Sierra Income Corporation. 

Activist nominates directors to Alcentra BDC's board amid "shareholder value" dispute
Activist group Stilwell is seeking board representation for the $248.6 million BDC, as Alcentra "fails to maximise shareholder value"

Golding holds €580 million final close for private debt fund
Golding Capital Partners has held a final close for its private debt fund strategy at €580 million

San Francisco pension plans to deploy $800 million to private credit in 2019
San Francisco Employee’s Retirement System will allocate $800 million to its private credit bucket in the coming year, to reach its 10% target allocation 

WhiteHorse forms $125 million middle-market JV with Ohio pension
The $79.8 billion Ohio pension fund has teamed up with WhiteHorse to form a joint venture that will have a $375 million total lending capacity

Portfolio Advisors garners $200 million for third mezzanine credit fund
Portfolio Advisors has begun fundraising for its third mezzanine opportunistic credit fund, PA Direct Credit Opportunities Fund III

Californian pension to invest $500 million in private markets in 2019
San Bernardino County Employees Retirement Association plans to invest $500 million in private assets over 2019, according to a presentation by the pension fund’s investment consultant NEPC.  

Orchard wraps up fundraising for $2.5 billion structured credit and special opportunities fund
Orchard Global Asset Management has held a $2.5 billion final close for its structured credit and special opportunities fund,

IAM closes senior debt fund at C$843 million
IAM Private Debt Group, the private debt business of Integrated Asset Management Group, has closed its sixth private debt fund at C$843 million ($634 million)

CVC Credit hires investor relations director from BlueBay
CVC Credit has appointed a former BlueBay official to its investor relations team

Churchill reaches halfway to $1.5 billion hard cap for loan fund
Churchill Asset Management has raised at least $746.5 million for its second middle market loan fund

Chatham launches second distressed and direct lending fund
The New Jersey-based hedge fund manager has begun fundraising for its second credit fund: Chatham Asset Private Debt & Strategic Capital Fund II

BlueBay targets €5 billion for European direct lending strategy
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds

Reed Smith adds direct lending specialist as partner in US
The law firm has added a direct lending specialist as partner in the firm’s global finance practice.

Penfund closes sixth junior capital fund at CAD$1.15 billion hard cap
Canadian fund manager Penfund Management has closed its sixth junior capital fund, Penfund Capital Fund VI, at CAD$1.15 billion 

AEA markets successor private debt fund following $1 billion fund close
AEA Investors is marketing its latest private credit strategy, with the firm launching AEA Middle Market Debt Fund IV

Neuberger Berman nears final close for private credit fund at $1.5 billion
The New York-based manager has raised at least $1.57 billion for its third direct lending fund

Audax launches $1.65 billion direct lending fund
With leverage, the fund is anticipated to have $2.6 billion capital available 

New Energy increase target size for infrastructure credit fund
New Energy Capital has increased its infrastructure credit fund’s target size by $100 million following strong capital fundraising, US regulatory filings reveal

Callan hires Cliffwater senior MD as head of alternatives
Callan, an institutional investment consultant, has appointed Pete Keliuotis as head of alternatives and executive vice president.  

Majority of investors seek to increase private credit allocations, BlackRock survey reveals
Over half of investors plan to increase their allocation to private credit in 2019, according to an institutional client rebalancing report published by BlackRock