Asian direct lender spins off from PE house Olympus with Canadian backing
Olympus Capital Asia’s private credit team has become the latest firm to spin out of its parent company and has rebranded to Orion Credit Capital Asia

SME lender LCM raises €3.4 billion for European credit fund
LCM Credit Opportunities 4 is nearing a €4 billion target and expects to hold a final close in April

Golub promotes CLO specialist and head of direct lending
Golub Capital has promoted its head of structured products and created a vice chair of direct lending position 

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

European Direct Lending survey nears closing time
There are just a few hours left to make your voice count in the Creditflux and Debtwire European Direct Lending survey

Kennedy Lewis raises $2.1 billion opportunistic credit fund
Kennedy Lewis Investment Management has closed a second middle market opportunistic credit fund at $2.1 billion, more than doubling its initial $1 billion target

Varagon hires new business development MD from Evolution
Varagon Capital Partners has hired a managing director for its business development and investor relations team in New York

Direct lending survey latest: managers see most opportunities in southern Europe
The Creditflux and Debtwire European direct lending survey is open for just a few more days and so far the voting suggests market participants feel the best opportunities reside in southern Europe (26.9%)

Alcentra co-CIO for liquid credit set to leave this month
A high profile figure in the US CLO business is leaving Alcentra

UK pension seeks direct lending manager for £250 million commitment
Essex Pension Fund has issued a request for proposals to allocate up to £250 million to a direct lending fund

Brightwood co-founder launches impact investing firm with backing from Morgan Stanley
Former Brightwood Capital Advisors co-chief executive officer Damien Dwin has launched an impact-driven, minority-owned investment firm

Oquendo exceeds €150 million hard cap for senior direct lending fund
Spanish direct lender Oquendo held a €172 million final close on its senior direct lending fund, Oquendo Senior Debt Fund, in December 

Blackstone amasses $1.8 billion investable capital for inaugural non-traded BDC
Blackstone says it has raised $814 million for its 7 January public offering of its non-traded businesses development company, Blackstone Private Credit Fund

ICG hires managing director to direct lending business
Intermediate Capital Group has appointed a managing director within its European senior direct lending team

Anima holds first close on Italian direct lending fund with EIF backing to follow
The Anima Alternative 1 fund has a €150 million target and €200 million hard cap

Investec holds €165 million first close on inaugural direct lending fund
Investec has held a first close of its inaugural debt fund, Investec Private Debt Fund I, at €165million

Tikehau hires head of French private debt
Tikehau Capital has hired a head of France and chief operating officer within the firm’s €8.9 billion private debt team

Kartesia prioritises ESG with newly created role
Kartesia says it has appointed Coralie De Maesschack as head of ESG and corporate, social responsibilities (CSR) in a newly-created role

Sixth Streets hits €1 billion hard cap for second European direct lending fund
Sixth Street has closed its second European direct lending fund, Sixth Street Specialty Lending Europe II, at its €1 billion hard cap

LP round-up: investors gift private debt and leveraged loan RFPs over holiday season
2020 ended on a strong note with four institutional investors increasing asset allocation to private debt or initiating private debt and leveraged loan searches. ArrowMark, Banner Ridge, BBAM, HIG Whitehorse, Monroe and Rialto were also awarded mandates

Goldman Sachs collects $4 billion for large cap direct lending
Goldman Sachs Merchant Banking Division has raised at least $4 billion for its fourth large cap-scale direct lending fund, Broad Street Loan Partners IV

Guggenheim expands credit trading with senior hire in New York
Guggenheim Securities has hired a managing director to expand its fixed income credit trading capabilities

Onex swoops to buy $3.8 billion private credit manager
Onex has bolstered its private credit capabilities with the acquisition of US private credit manager Falcon Investment Advisors

Tikehau and Churchill form direct lending partnership to 'expand cross border footprints'
European direct lending specialist Tikehau and US direct lending experts Churchill announced late December that the pair formed a partnership to ‘expand their respective cross border direct lending footprints’