Goldman Sachs and KKR private credit funds win Korean investors
Korea Post has decided to commit $200 million to a new mezzanine debt fund from Goldman Sachs and $100 million to KKR Credit’s global mezzanine fund, according to local media reports

Golub adds to mid market credit team in Chicago
Golub Capital has made a new hire for its middle market lending team in recent weeks

Barings raises $350.8 million for Cayman private loan fund
Barings has raised $350.8 million among 16 investors for its North American Private Loan Fund, based in the Cayman Islands

M&G Investments hires Credit Suisse securitised product finance head
London-based M&G Investments hires well known structured credit specialist Vaibhav Piplapure for investment role including SME loans

Canadian pension fund forced to look beyond investment grade credit
Pension fund embarks on a massive overhaul of its fixed income platform

Permira staffs up in direct lending with hires from HIG and Marlborough
Permira Debt Managers has added two new members to its private credit team in London, as it ramps up its recently closed €2.1 billion European direct lending fund

Metrics targets retail as funds reshape Australia’s loan market
Fund launch marks a turning point for a corporate loan market that has been largely inaccessible to non-bank investors since the financial crisis

Monroe Capital adds loan to Delaware flooring maker Parterre
Monroe Capital makes loan to Tower Three Partners-backed Parterre Flooring & Surface Systems

Bain Capital raises $557 million for Asia credit fund
Bain Capital has held the first close of its Asia credit fund, known as Bain Capital Special Situations Asia – and has already raised $557 million for the fund

Essling Capital brings in four-person fund of funds team from Amundi
Paris-based private equity firm Essling Capital has expanded its staff, hiring a four-person fund of funds team from Amundi Private Equity Funds to specialise in private equity and debt

Pension funds shake up portfolios to make room for direct lending
Pension funds globally are scrambling to make space for direct lending loans within their portfolios

Texas pension fund plans to expand into opportunistic credit
Public pension plans to introduce a 2-3% allocation to opportunistic credit as it eyes new credit classes

Golub wins first mandate as US pension fund seeks private credit managers
Nebraska's Police & Fire Pension Investment Board has decided to increase the fund's overall private credit allocation from 0% to 5%

Pension funds eye managed accounts
A growing number of US pension funds are opting to build on their direct lending exposure by requesting managed accounts

Direct lender Twin Brook adds loan to bath products maker
Twin Brook Capital recently added new loan as it continues to ramp up its recently raised direct lending fund

Direct lending fund manager Beechbrook hires for Manchester office
Jon Petty joins Beechbrook as an associate director from Deloitte

British Business Bank launches fund to boost lending in the midlands
The British Business Bank's newly announced £120 million fund ($155 million) represents the first part of a wider £250 million commitment

BC Partners makes rapid progress as it closes in on new credit fund and SMA
Market sources say that BC Partners is making a swift entry into the credit markets with the private equity firm close to raising $700 million

Arizona retirement trust ups its private debt allocation by $75 million
The Arizona Public Safety Personnel Retirement System (PSPRS) is set to up its private debt allocation, committing up to $75 million to a New York-based manager.

GS Mezzanine Partners raises $725 million in three weeks  
GS Mezzanine Partners, the lending arm of Goldman Sachs, has collected at least $725 million for its new fund, GS Mezzanine Partners VII

PineBridge brings in BDCA team to start a new direct lending business
PineBridge Investments has hired a three-person team to launch a new direct lending business in New York

Guggenheim to take over $400 million mid-market credit fund
Guggenheim will take over as Interim Investment Advisor to the fund on 11 September. The fund’s board of trustees is currently seeking shareholder approval for Guggenheim to become the permanent advisor after that.

Harvest BDC lowers its cost of finance with bond issuance
New York-based Harvest Capital Credit has launched a new public bond offering that is expected to close today

Twin Brook stretches out loan to physical therapy chain
Twin Brook Capital, the mid-market debt manager owned by Angelo Gordon, has upped its lending to a chain of physical therapy (physiotherapy) facilities

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns