Blackstone builds on multi-asset approach with fifth fund
The new vehicle will invest directly into Blackstone deals across its alternatives platform

Recent CLO debutant Vista brings in GSO official to lead credit team
Vista Credit Partners has hired a former GSO official to lead its credit team

Missouri pension plan seeks alternatives consultant
The $8.2 billion Missouri State Employees’ Retirement System (MOSERS) is seeking an alternative investment consultants

California pension fund seeks opportunistic credit manager
Merced County Employees’ Retirement Association is on the search for an opportunistic credit manager, according to board minutes seen by Creditflux

Managers see growth in distressed and direct lending, but structured credit splits opinion
The private credit industry remains on track to grow to $1 trillion assets under management by 2020, according to joint research published by the Alterative Credit Council and law firm Dechert with allocations to distressed and mid-market deals tipped to rise. But structured credit has divided US and European managers

Pimco generates listed opportunistic energy credit fund
Pimco is eyeing the energy sector for a new opportunistic credit fund, according to US regulatory filings.

White & Case promotes seven debt specialists to partner
The law firm has promoted several debt specialists to partners around the world

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Oppenheimer and Carlyle launch global credit fund as part of JV
Carlyle Group and OppenheimerFunds International have filed to register the first fund product of their previously announced joint venture. The vehicle will invest in a wide range of credit products including CLOs, direct lending and opportunistic debt

Chicago manager holds initial close for $1 billion private credit fund
Monroe Capital has held a $348 million initial close for its third private credit fund, which has a $1 billion hard cap, market sources say

Virginia pension fund cuts Oaktree high yield account
Virginia Retirement System (VRS) has terminated Oaktree as a high yield debt manager, Creditflux has learnt

Credit manager Redpoint rebrands into Park Cities
Redpoint Capital Group has rebranded as Park Cities Asset Management, reflecting the firm’s broader vision within the industry

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial

Manager edges closer to its $3 billion hard cap on credit fund
A California pension fund has approved a commitment for up to $30 million in a credit and distressed debt fund

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

GSO raises new credit fund as it eyes $2.4 billion portfolio acquisition
Recent fund-raising may be vehicle to acquire large mid market portfolio

Los Angeles firm takes over Greenwich-based direct lending BDC
Oaktree has taken over management of its newly acquired direct lending unit, which was formerly known as Fifth Street Finance Corp

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds