Nuveen strikes deal to buy European direct lender Arcmont
Nuveen has reached an agreement to buy a controlling stake in European credit manager Arcmont Asset Management

Fidelity Investments eyes CLOs as part of multi-strategy credit fund
Fidelity Investments is preparing to launch a new multi-strategy credit fund, which will “opportunistically rotate across the entire credit spectrum”

CIFC hires Carlyle's credit investor relations head
CIFC Asset Management has hired T Michael Johnson as managing director and co-head of business development

Investors tipped to take on key role in growth of CFOs
It’s early days in the renaissance of the market for collateralised fund obligations (CFOs), but market participants are looking forward to how the product will evolve.

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

Alcentra structured credit portfolio manager steps up as primary PM for two funds
Alcentra has promoted the official, with Hiram Hamilton and Suhail Shaikh no longer the primary portfolio managers of BNY Mellon Alcentra Global Multi-Strategy Credit Fund and Hamilton no longer primary portfolio manager of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund 

Apollo invests $1 billion in IG CLOs, launches secondary solutions platform and cuts BDC fees
In its earnings call, Apollo highlighted the resilience of the CLO asset class, strong deployment in direct lending, upcoming reduction in management fees for its publicly traded BDC and the launch of a new secondaries and sponsor solutions platforn, seeded by Abu Dhabi Investment Authority

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

Carlyle's global credit business becomes largest share of firm's fee-earning AUM
Carlyle has held a first close on its second revolving credit fund, while saying its CLOs are ‘well positioned’ and it does not expect management fee deferrals anytime soon

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

Calamos and Aksia eye CLOs as part of new multi-credit interval fund
Calamos Advisors and Aksia have teamed up to launch a closed-ended interval fund that can invest across several areas of credit

John Hancock and Marathon join forces on ABL fund with structured credit bucket
John Hancock Investment Management has teamed up with Marathon Asset Management for an asset-based lending fund, which can invest a portion of capital in liquid structured credit such as CLOs

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit  

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

Antares looks to support underrepresented groups with $1 million entrepreneur programme
Antares is granting $1 million of its own capital to entrepreneurs who are part of diverse and historically underrepresented groups

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Dispersion begets dispersion in mixed bag of fund returns
Idiosyncratic risks are set to rise in credit, with fund managers becoming occupied with tail risks, and that has been seen in a scattered set of March hedge fund returns

Z Capital makes three senior leveraged credit hires including CLO specialists
Z Capital Credit has hired three directors to its investment team

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

StepStone sets out new path with Mexican securitisation
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow.