Direct lender and CLO manager expands into Japan
The US private credit and direct lending specialist has opened its first Japanese office, and hired a new senior VP to oversee the office

Vermont pension system commits USD 125m to private credit
The Vermont Pension Investment Commission recently approved two separate allocations to private credit, totaling USD 125m

Manulife holds final close for USD 752m private credit fund
Toronto-headquartered Manulife Investment Management held the final close of its Manulife Capital Partners VII at USD 752m

Ninety One launches infrastructure credit fund aimed at South African market
Asset manager Ninety One has launched the Ninety One SA Infrastructure Credit Fund, focused on the South African market

Sidley hires Paul Hastings' partner
Sidley Austin has added a new partner in the law firm's global finance practice, representing direct lenders, private credit funds and banks

Värde Partners promotes two to partner
Värde Partners has made two senior-level promotions, including a new global head of business development and investor relations and a new chief operating officer

Hamilton Lane closes eighth vintage of flagship private credit fund
Hamilton Lane revealed the final close of its Hamilton Lane Strategic Opportunities Fund VIII today, a private credit strategy that invests across the capital structure

Carlyle's head of direct lending departs
Carlyle's Head of Direct Lending has left the firm to pursue other opportunities, according to a company memo

Funds round-up: Feb-2024 - managers turn to European wealth
European private credit managers turn to the wealthy in our roundup of notable fundraising in February 2024. 

Brevet Capital names new chief commercial officer
Boutique financial advisor Brevet Capital has promoted Mei-Li da Silva Vint to chief commercial officer

Maryland pension system allocates USD 30m to private credit
The Baltimore City Employees' Retirement System has approved two commitments totaling USD 30m for private credit funds

Tikehau teams up with Singapore-based UOB-Kay Hian for Asian private credit fund
Paris-headquartered Tikehau Capital is the latest player to reveal plans to strengthen its footprint in the fast-growing Asian private credit market by way of a partnership with Singapore-based brokerage firm UOB-Kay Hian

New Mexico sovereign wealth fund approves another USD 350m for private credit
Santa Fe-based fund invests in two managers as it focuses more heavily on direct lending, asset-based lending and special situations

Goldman Sachs and Mubadala strike USD 1bn private credit partnership
Goldman Sachs and Abu Dhabi-based sovereign wealth fund Mubadala Investment Company have struck a USD 1bn deal to co-invest in private credit opportunities throughout the APAC region

New AIFMD directive imposes leverage limits for European direct lending
The Council of the European Union has rolled out new regulations that should streamline the origination process for direct lenders at the cost of strict limits of leverage for funds

UK manager launches new private credit growth fund
Manager held a first close of its new private credit growth fund with GBP 75m, as the UK-based firm continues to grow with new senior-level hires

Boston retirement system hunts for managers for USD 60m allocation to private debt
The Boston Retirement System has issued a request for proposals to investment managers in an effort to allocate up to USD 60m to private debt strategies

Wave of legal hires becomes a tsunami
In February alone legal heavyweights Allen & Overy, DLA Piper, Fried Frank, Kirkland & Ellis, Proskauer Rose and White & Case all announced the arrival of partners in the credit space

Texas-based pension system commits USD 90m to direct lending fund
The City of Austin City Employees' Retirement System, or COAERS, has committed USD 90m to the Blue Owl Diversified Lending Fund

Patria launches new infrastructure credit fund

GSAM launches private credit fund for wealthy European investors
Goldman Sachs Asset Management is the latest firm to launch a private credit fund aimed at wealthy European individual investors, joining managers like Blackstone in the push for alternative fundraising sources

Dallas retirement system allocates USD 60m to credit funds
The Dallas Employees' Retirement Fund has allocated USD 60m to three separate credit funds as the Texas-based system grows its allocations to private credit and distressed debt

Recruiters predict renewed private credit hiring spree
While job-hopping has become commonplace in the post-pandemic landscape, companies are expected to slow hiring in 2024. But some sectors are bucking the trend, including private credit.

European Union rolls out ELTIF 2.0 structure
The European Union’s latest regulations for its long-term investment funds — known as ELTIF 2.0 — went into effect on 10 January, ousting the old model to make it easier for both alternative investment managers and retail investors alike to tap into the market