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

SRT market keeps pumping deals as Greek and German banks free up capital
Dealflow in significant risk transfers is picking up, with a €2.7 billion Greek mortgage and SME lending deal and a €2.1 billion German corporate loan transaction printing in recent days

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

Apera raises €1.27 billion for second European private debt fund
European mid-market direct lender Apera exceeded an initial €800 million target for the vehicle

Churchill raises $700 million CFO after targeting insurance company investors
Churchill Asset Management has raised $700 million for a collateralised fund obligation that will straddle its private credit and private equity business

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

Barings closes European private credit fund at €7 billion
Barings says it has raised €7 billion for European Private Loan Fund and related vehicles, having deployed €6 billion into 80 transactions of the last 18 months

Arcmont says liquid loan opportunities depend on timing as it advocates direct lending instead
Arcmont Asset Management has made the case for direct lending over syndicated loans in a white paper, despite having being an admirer of CLO management platforms 

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...

EU inflation prints frame challenge ahead as horror show first half ends
Financial markets are heading into the weekend with a rare stationary session, but the mood is more one of shellshock than considered positioning, after one of the worst first halves to a year on record

GSAM buys stake in US direct lender
Goldman Sachs Asset Management has taken a stake in $15.1 billion US lower middle-market direct lender 

Real estate lender T30 forms social impact partnership with Blueprint
T30 Capital has formed a strategic partnership with credit investment advisor Blueprint Capital Advisors to scale its commercial real estate lending business

Private fund All Seas builds momentum with third investment
All Seas Capital – the direct lender launched by former KKR executives in 2019 – has signed its third direct lending investment

Silver Point hires CPP official to private credit business
Silver Point Capital has hired to its private credit team

Victory Park collects $2.4 billion for asset-backed credit strategy
Victory Park Capital has raised $2.4 billion for its latest asset-backed opportunistic credit strategy

NIBC agrees to sell €500 million loan book
NIBC Bank has agreed to sell a €500 million mid-market loan portfolio to Oldenburgische Landesbank and Dutch insurer ASR. 

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

Ivy climbs to $115 million final close for US direct lending fund
Ivy Asset Group has held a $115 million final close of its US direct lending fund named 2022 Ivy Credit Opportunity Fund

Bain collects $2 billion for second Asian special situations fund
Bain Capital has collected more than $2 billion for its second special situations fund, Bain Capital Special Situations Asia Fund II. The vehicle had an initial $1.5 billion target

Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

Schroders appoints private credit solutions head
Schroders has apppointed a former Federated Hermes official as head of private credit solutions 

Vida hires managing director for private credit team
Vida Capital has made a senior appointment responsible for “driving strategic business partnerships to support the company’s sourcing, direct lending, esoterics and private credit transactions"

Leucadia seeds European distressed and credit opps firm Pearlstone
New opportunistic credit firm Pearlstone Alternative has received backing from Leucadia Asset Management in the form of seed capital and distribution services

Pemberton finds direct lending edge in NAV financing
NAV financing for private equity sponsors is gaining popularity, with Pemberton Asset Management the latest manager getting in on the act

Credit investors look to outsource as risks begin to add up
Institutional investors and managers are outsourcing to third parties as credit and macro­economic risks mount