Boston manager looks towards middle market for latest credit fund
Bain Capital Credit has launched its middle market credit fund, according to US regulatory filings 

Institutional investors are too constrained in their private debt approach, research suggests
Institutional investors are too constrained in their approach and are focusing too much on mid-market corporate direct lending, research from global advisory firm Willis Towers Watson suggests

Maine pension bolsters private credit allocation with $100 million mandate
The pension fund mandated $100 million to a US direct lending firm, after it was underweight its 5% target allocation to alternative credit 

Sunflower grows business with new ABL unit
Sunflower Bank has launched an asset-based lending and leveraged finance group

London-based direct lender wins as San Francisco pension fund deploys into private credit
A Californian pension fund has mandated $60 million to a strategic credit fund, as part of its private debt pacing plan to deploy up to $750 million to private debt annually

Former CVC Credit CIO Hickey resurfaces at US direct lending firm
Steve Hickey has resurfaced at a US direct lending firm following his departure from CVC’s credit arm last year, Creditflux has learned

Churchill bolsters senior origination team with three hires
Middle market specialist Churchill has hired three principals to expand its sponsor coverage team

THL Credit adds former Golub and Balance Point execs to direct lending team
Boston-headquartered THL Credit has strengthened its direct lending team with the appointment of Fawwaz Ahmed and Troy Hebert, both of whom join as vice-president

Law firm appoints partner to co-chair debt finance practice
Law firm Foley Hoag has added Thomas Draper as a Boston-based partner and co-chair of its debt finance practice

Partners Group poaches former Guggenheim official to private debt team
Partners Group has added to its US private debt team

Clifford Chance bolsters private funds practice with New York partner
Law firm Clifford Chance has bolstered its US private funds practice with the appointment of Victor Levy, who rejoins the firm as partner. 

Goldman's BDC receives 95% shareholder approval for leverage increase
Following recent regulatory changes, the $1.23 billion Goldman Sachs BDC has received a 95% shareholder approval to raise its debt to equity ratio from a one-to-one to a two-to-one ratio

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

New York pension fund earmarks $200 million to two private debt managers
The $115.5 billion pension fund has made $100 million commitments to two private debt managers in Q2 

Dyal buys minority stake in another private credit manager
Following a minority stake acquisition in HPS last month, Neuberger's Dyal has now attained a stake in another New York based private credit manager

Private credit helps drive returns for Alaska pension fund
The $64.9 billion sovereign wealth fund has generated 8.79% returns from private credit for the fiscal year ended 30 June

Crayhill hires Och-Ziff private credit specialist
Private credit specialist Crayhill Capital Management has appointed former Och-Ziff’s Sloan Sutta as managing director, the firm announced 

BlackRock completes Tennenbaum acquisition
Global asset manager BlackRock has completed the previously announced acquisition of Tenenbaum Capital Partners

Direct lenders express concern over proliferation of ‘adjusted ebitda’ terms

THL Credit looks to raise new US direct lending fund
Boston-headquartered THL Credit is looking to raise capital for its fourth direct lending fund – THL Credit Direct Lending Fund IV, according to SEC filings.

Private equity firm Thoma Bravo brings in $500 million for first private credit fund
Technology-focused private equity specialist Thoma Bravo has raised $500 million for its inagural private credit fund, which is targeting $750 million

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Twin Brook holds $2 billion first close for third direct lending fund
Twin Brook Capital Partners, an Angelo Gordon subsidiary, has held a first close for its third direct lending fund with approximately $2 billion capital commitments

Texas pension fund puts $150 million into credit
A $29.7 billion pension fund has approved commitments to two credit fund managers