LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Spac pricing hints at Sound Point's growth ambitions in loan market
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform

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

AB targets software companies after niche securitisation
Deutsche Bank priced an unusual securitisation for AB last month. The deal accommodates the manager’s expertise in the software and technology sector

All rise: investor fights inflation with litigation financing
With the US consumer price index rising to 7.5% in February, investors are looking to niche investment strategies to hedge against inflationary pressure

Churchill names Wells Fargo official to newly created head of fund finance role
Churchill Asset Management has created the new role of head of fund finance to help it utilise leverage strategically across its fund strategies

GoldenTree hires Goldman Sachs official as head of private credit origination
GoldenTree Asset Management has hired Goldman Sachs official as partner and head of private credit origination

AlbaCore launches carbon conscious investing credit strategy
The firm claims it is the "first European private market solution to provide line-by-line greenhouse gas reporting for a corporate credit portfolio"

Crescent raises $6 billion for US direct lending strategy
Crescent Capital Group has closed its third US direct lending fund, Crescent Direct Lending Fund III, with $6 billion of investable capital 

PGIM raises $2.4 billion for inaugural direct lending fund
PGIM Private Capital held a final close on its inaugural direct lending fund, PGIM Senior Loan Opportunities I

Man names co-heads for new SRT business
Man Group has appointed two Elanus Capital officials as co-heads of its new credit risk sharing strategy, which will sit in its $3.5 billion private market business

Pemberton adds managing director in London
Pemberton has appointed a London-based managing director in its credit team

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway

PineBridge collects $1.7 billion for second US direct lending strategy
The fundraise brings PineBridge’s private credit assets under management to $3.3 billion

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Coller closes $1.4 billion private credit secondaries fund
Coller has nearly doubled the target size of its inaugural private credit secondaries fund, Coller Credit Opportunities I

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

Direct lenders look to support venture backed businesses
European direct lenders are exploring deal transactions based on annual recurring revenue (ARR) financings, according to market sources

Barclays seeks head of SRT risk
Barclays is looking to hire a head of SRT risk for its wholesale credit portfolio, having established a credit risk transfer programme under the Colonnade branding 

That's my ResponsAbility: M&G to buy Swiss impact investor
M&G says it has agreed to buy a majority stake in $3.7 billion Swiss impact private debt and private equity manager responsAbility Investments to grow its sustainable investment capabilities

Allianz GI launches private markets impact unit
The private markets impact unit combines existing equity and debt investing specialisations with a newly created impact measurement and management capability

Goldman Sachs MD joins buy side in private credit role
An experienced leveraged finance banker is taking his first buy-side role at a large European direct lender 

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Castlelake climbs to $1.6 billion final close on fourth aviation fund
The Minneapolis-based firm says it has deployed just over half of the $1.6 billion fund, which invests in “high quality, younger mid-life aircraft and related aviation assets”

KKR and PGIM among bidders to buy Alcentra: Bloomberg
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter