Chenavari expands European presence with Paris office
Chenavari Investment Managers has expanded its presence in Europe with the opening of a French office

Senior Investcorp official lands at wealth manager
A well-known name in the CLO industry has landed at a wealth management firm 

AlbaCore promotes two employees to partner
AlbaCore Capital Group has promoted investor relations specialist Zeynep Tumer Bayazid and deputy chief operating officer Micaela Kelley to partner

Muzinich holds final close on €800 million European private debt fund
Muzinich & Co says it has held a final close of Muzinich Pan-European Private Debt Fund II at €800 million

Reed Smith brings in private credit specialist as partner in London
Reed Smith has brought in a lawyer from McGuireWoods to its financial industry group

Carlyle targets $6.5 billion for credit opps fund
Carlyle Group is targeting $6.5 billion for its third opportunistic credit fund, according to a pitchbook seen by Creditflux

Fund performance: Light at the end of the tunnel for credit funds after difficult year
Following a tough September, credit funds bounced back in October as 59% of funds made positive returns.

Credit hedge fund returns (December 2023)
Credit hedge fund returns

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

EIB backs German bank's SRT
Landesbank Baden-Württemberg has issued an SRT with support from the European Investment Bank.

Novicap raises €200m for credit platform and passes €1bn volume
Novicap, a fintech company offering working capital optimisation solutions to SMEs and mid-market corporations, has raised €200 million for its credit platform and hit a €1 billion trade milestone

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

AlbaCore eyes reinvestment as it closes €2.4 billion private credit fund
AlbaCore Capital has held a final closed on a fund that specialises in private European credit investments

CVC secures €6.3 billion for third European direct lending strategy
CVC Credit has smashed past its €2 billion target and closed its third European direct lending strategy, CVC Credit Partners European Direct Lending Fund III, at €6.3 billion. That figure includes parallel investment vehicles and managed accounts. 

Pictet hires private credit heads for France and Dach as it plots 2023 fund launch
Pictet Asset Management has expanded its new private credit team with several hires, including heads of private debt for France and Germany.

Private debt team spins off Trea to form independent manager
The private debt team has spun-off and will be rebranded Zenon Asset Management

Golding collects €75 million on first close of inaugural private credit co-investment fund
Golding Private Debt Co-Investment 2021 has a €200 million target and plans to hold a final close in the second half of 2023

Beechbrook holds £170 million second close on direct lending fund
Beechbrook Capital has held a £170 million second close on its third UK lower mid-market direct lending strategy

Chicago pension seeks private credit manager to invest in evergreen fund
The Chicago pension is looking to invest in a private credit manager with an evergreen fund structure

Ardian closes €5 billion European direct lending fund
Ardian has closed its fifth mid-market European direct lending strategy with €5 billion capital commitments, exceeding its €4 billion target

Castlelake secures $782 million for credit fund
Castlelake Income Opportunities II will invest in areas including European commercial real estate, transitional bridge lending in North America, specialty finance and secured aviation related lending

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Credit hedge fund returns (November 2022)
Credit hedge fund returns

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