Credit managers form partnerships as they eye growth
Two credit managers have struck new relationships

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

Changing streets: private credit official joins Adams Street to build European offering
“Europe is fertile ground for sponsor-backed private credit deals," says Adams Street after hiring a European private credit head

Capital Four closes €1.5bn direct lending fund 'more than 90%' deployed and launches successor
Capital Four had collected €1.5 billion on a final close of its third senior private debt fund, Capital Four Private Debt III – Senior, exceeding its initial €1 billion target

TA raises $1.1 billion for fifth debt fund with expanded mandate
TA Associates has closed its TA Debt Fund V with more than $1.1 billion in capital commitments and has expanded its investment mandate across the capital stack

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

Nuveen adds senior official to lead private credit specialist team
The hire will be responsible for building and leading Nuveen’s private credit specialist team 

Euro CLO trader lands at LGT to co-head liquid credit
LGT Capital Partners has hired a former Morgan Stanley European CLO trader as co-head of liquid credit

LGT to expand its impact investing framework into private debt
LGT Capital Partners is seeking to expand its private debt offering with a new impact focused fund named Crown Impact Private Debt

Michigan pension pledges over $1 billion to three US credit managers
Michigan Retirement System has pledged just over $1 billion to three credit managers

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 

Ninety One holds first close on first private debt fund targeting sponsorless loans
Ninety One has made a breakthrough in its bid to build out a European private credit offering by holding a first close on a fund that will lend to sponsorless borrowers in Europe

Senior PM leaves Blackstone to join growing hedge fund
The capital formation head at Blackstone has parted ways with the firm to join another fund manager

Vista hires from Anchorage to lead credit platform investor relations
Vista Equity Partners has appointed Michael Charlton as managing director for capital and partner solutions, responsible for investor relations on the firm's credit platform Vista Credit Partners

Apollo co-founder Harris launches $5 billion firm
Apollo co-founder Josh Harris announced the launch of a new $5 billion asset management firm on Friday named 26North Partners, which will invest across private equity, credit and insurance solutions

Apera hires investor relations director
Apera Asset Management says it has brought in Jodie Tilley to lead its investor relations effort in London

Arcmont raises €800 million for first capital solutions offering
Arcmont Asset Management has raised €800 million for its first capital solutions fund (including associated vehicles)

MUFG welcomes two senior originators to new US direct lending team
Mitsubishi UFJ Financial Group has made two senior appointments to its new direct lending business

Fidelity Investments prepares inaugural BDC
Fidelity Investments is preparing to launch its inaugural private credit business development company, Fidelity Private Credit Fund

Hamilton Lane wraps up private credit fund above $900 million target
It comes after Hamilton Lane's Q1 2023 earnings call on 2 August with the firm's head of investment solutions Brian Gildea saying the firm held “multiple closes that totalled over $573 million of LP commitments" with "total amount raised to over $890 million"

Apera readies third European private credit fund
The launch of the new fund comes 14 months after it closed its second private credit fund 

Arcmont gains regulatory approval for new Milan office
Arcmont Asset Management says it has received regulatory approval for its newly established Milan office from Consob and the Bank of Italy

Sun Life buys 51% stake in US retail distribution specialist
The firm will have exclusive rights to market and promote SLC's alternative products to the US retail market. SLC Management includes Crescent Capital Group,  BentallGreenOak and InfraRed Capital Partners

Macquarie taps former Alcentra official to lead global private credit and asset finance
Macquarie Asset Management has appointed former Alcentra European direct lending head to lead its global private credit and asset finacne business

LP round up: Magnetar and Värde among winners as $3 billion flows to credit
Institutional investors allocated at least $3 billion to credit funds in August