Owl Rock names heads of credit and non-tech underwriting
Owl Rock Capital Partners has promoted two officials - one to a newly created role as head of credit and the other to head of non-tech underwriting

Credit Rendezvous: record fiscal stimulus provides pick-me-up
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market

Ares adds to European direct lending team
Ares Management has hired a London-based vice president to its European direct lending team

First Eagle expands in asset-based lending with two senior hires
First Eagle Investment Management is expanding into asset-based lending and has hired two industry veterans to lead the business

Julius Baer appoints ex-UBS official to launch private investments platform
The new platform will allow its private banking clients to access illiquid assets including private equity and private debt

Fiera rolls out private credit strategy with recent hires leading charge
Fiera Comox, an affiliate of Fiera Capital Corporation, has launched a new global mid-market private credit strategy

HIG hires ex-Alcentra official to lead European direct lending following departure
 A former managing director at Alcentra has landed at HIG Capital to head its European direct lending platform

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

SkyBridge generates best returns since inception with 75% credit exposure
SkyBridge Capital, the fund of hedge funds manager run by ex-White House communications director Anthony Scaramucci, claims its Skybridge G II Fund has generated the best monthly and quarterly returns since inception. It will also cut its 25% tender offer frequency from quarterly to semi-annual

Oaktree managing director joins Peak Rock as it grows credit business
Peak Rock Capital has appointed a former Oaktree Capital Management official to help lead investments across corporate credit 

Charlesbank hits $750 million hard cap on opportunistic credit fund
Charlesbank Capital Partners has wrapped up fundraising for its second credit fund offering, Charlesbank Credit Opportunities Fund II 

Artemid reaches €400 million first close on third senior debt fund
Artemid, the jointly owned subsidiary of Capza and Amiral Gestion, has held a €400 million first close on their third fund senior debt fund

Permira holds €3.48 billion final close on fourth direct lending fund
Permira Debt Managers has collected €3.48 billion for its fourth direct lending strategy, marking the fund’s final close on 31 March

Golding holds first close for private debt vehicle
Munich-headquartered fund-of-funds manager Golding Capital Partners has held a first close on almost €200 million for its private debt fund Golding Private Debt 2020

Apollo joins forces with Mubadala for big direct lending deals
Apollo Global Management has launched a ‘large scale direct lending’ platform, which it says is anchored by Abu Dhabi’s Mubadala Investment Company

Andera collects €500 million for sponsorless mezzanine debt fund
Andera Partners, has held a final close on its sponsorless mezzanine fund, ActoMezz IV, exceeding its hard cap at €500 million

Preparing for a second wave
Panellists on the Creditflux US private credit webinar last month said that they were focused on companies most affected by the coronavirus. A reopening of the primary market can wait

Fund performance: CLO funds keep up the momentum for second month running
May returns have been led by continued momentum from CLO funds. In the last month, funds that invest in CLO notes in some capacity have made up 90% of our top 10, while 97% of funds listed generated positive returns - an improvement of 15% on last month's figures.

Credit funds at a glance (July 2020)
A round-up of fundraising and people moves

Ucits at a glance: Ucits recover lost ground
The foot has come off the gas for many funds - 57% of funds did not break the 2% return barrier.

Canadian pension Imco outlines two-year $6 billion credit plans
The Investment Management Corporation of Ontario (Imco) has a range of credit strategies in its sights as it seeks to deploy $6 billion in the next two years as part of the build out of a global credit platform, according to officials at the company

Direct lender Apera bolsters Munich office with UniCredit hire
Direct lender Apera Asset Management has appointed a principal in the firm’s Munich office focused on Dach (Germany, Austria and Switzerland) investments

ELF Capital completes spin out of ESO’s German direct lending platform
ESO Capital’s Frankfurt-based direct lending team has spun out under the banner of ELF Capital

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

EIF backs Oddo's inaugural mittelstand debt fund as it holds €131 million first close
Oddo BHF Asset Management, the Franco-German asset manager, has held a first close on its inaugural German Mittlestand debt fund and has recieved a cornerstone investment from the European Investment Fund