PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

BNP Paribas Asset Management hires SME lending head
BNP Paribas Asset Management has announced that it has hired Ardian’s former head of US private debt as part of a new private debt and real assets investment group

Twin Brook emerges as backer of three new acquisition loans
Details have emerged of three new loan investments by Twin Brook Capital Partners, Angelo Gordon’s mid-market credit specialist, as it continues to ramp up its latest fund

Pension fund decides against direct lending allocation - for now
West coast pension fund bides its time as it looks for more information on direct lnding before committing

US pension fund’s private credit search leads it to Alcentra
The pension fund for a major US city has chosen to invest in a fund managed by Alcentra after carrying out its first search for a private credit manager

Standard Life unit looks to put money to work in European direct lending
SL Capital has opened for business in private debt with officials at the company confirming that they have started with €270 million of capital to lend to privately-owned European borrowers

Angelo Gordon's Twin Brook adds mid-market loans in health care
Angelo Gordon’s Twin Brook mid market unit has recently added new debt investments in the health care sector, it is understood

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

Senior debt funds are mis-pricing euro mid-market loans, conference hears
An influx of capital into senior debt funds is leading to mispricing in Europe’s mid-market, delegates at the Debtwire European Mid Market Forum heard yesterday

Park Square adds staff in direct lending and names new partners
European mid-market credit specialist Park Square Capital has announced that it has made two hires while also promoting three of its existing staff to the rank of partner

Muzinich brings in €180 million for new European private credit fund
Muzinich has held a first close on a pan-European private debt fund with €180 million in commitments

Direct lender Tikehau adds unitranche in Spain
Tikehau IM has announced that it has arranged a €60 million unitranche loan to back a recapitalisation of Spanish engineering company Terratest

Manulife’s Hancock adds six to fast-growing mid-market team
Manulife unit Hancock Capital Management has announced six further hires for its leveraged loan team in Chicago

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

Direct lending hopeful Advent appoints chief of staff
$9 billion asset manager Advent has brought in a chief of staff and strategy

Beechbrook buys two more mezz loans for latest private debt fund
Beechbrook Capital has announced the completion of two new investments for its Private Debt III fund

Euro loan managers breathe easy as ECB adopts US-style lending guidelines
The ECB has, to some extent, relented and provided loan market participants with a greater degree of flexibility after this morning posting the final guidance for leveraged lending in Europe

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Hercules backs off from contract switch amid investor revolt
Hercules Capital has cancelled a planned shareholder meeting in which it was seeking approval for a controversial switch from internal to external management

Direct lender Kartesia puts new debt capital into Foraco restructuring
Direct lending specialist Kartesia has announced that it has invested in Foraco International as part of a restructuring of the French drilling services company’s debt

Bridgepoint makes high profile hire for push into credit
Private equity firm Bridgepoint has hired a long-serving head of acquisition finance, Debtwire reports

Owl Rock adds new direct loans, taking BDC to over $1 billion
Owl Rock Capital has continued to make rapid progress in ramping up its private business development company, one of the biggest debut mid-market debt funds of recent years

TCW muscles in with bid to take over Hercules BDC
TCW has put forward a proposal to take over as manager of business development company Hercules Capital