Los Angeles pension appoints four managers for private credit mandate
Los Angeles City Employees Retirement System (Lacers) has awarded four contracts for a $670 million private credit mandate search, according to minutes from the July investment committee meeting.  

US pension scheme eyes 50 South Capital fund of funds
50 South Capital Backed Credit Fund II, a fund-of funds vehicle, is set to invest in four loan funds in small and medium size companies, according to documents seen by Creditflux  

Local connections pay off as UK pension backs Tosca
Tosca Debt Capital has begun marketing Tosca Debt Capital Fund III and secured a commitment from the Greater Manchester Pension Fund, according to documents seen by Creditflux

Credit funds contribute to Hamilton Lane’s AUM growth
Hamilton Lane has announced its assets under management and advisement has hit $473 billion as of June. This comes shortly after it closed a credit fund and begun marketing another one

Barings raises €1.5 billion for European direct lending
Barings has held a close for its latest European direct lending fund, receiving €1.5 billion of capital from over 45 institutional investors

Senior figure departs Alcentra direct lending team, Debtwire reports
Creditflux sister publication Debtwire reports that one of the longest standing members of Alcentra's European direct lending team has left the firm 

UK's Tameside borough backs senior loan fund
The Tameside Metropolitan Borough in Manchester, UK has decided to commit $200 million in Churchill Middle Market Senior Loan Fund II, according to documents seen by Creditflux.  

Ares credit business grows 4.4%, driven by US direct lending
US and European direct lending, alternative credit and syndicated loan funds dove growth for Ares Management Corporation in the second quarter, the firm said

Direct lenders accused of exaggerating terms in lender education
Sources say that some direct lenders in Europe are submitting standard indicative lender terms with limited or no internal discussions with their respective credit committees.

UK direct lending deal flow picks up with 99 deals in H1, finds GCA Altium
While loan volumes in the UK were much higher than expected, activity in Germany was lower compared to H1 last year, according to the GCA Altium MidCap Monitor Q2 2019

Spanish manager secures €40 million for debut private credit fund
Spanish direct lender Talde has held a €40 million first close on its debut private credit fund Talde Deuda Alternativa

Hamilton Lane holds $760 million final close for private credit fund
Hamilton Lane has held a $760 million final close for its latest global private credit fund, collecting slightly less capital than the manager’s predecessor fund. 

French pension hunts for ESG service providers
Fonds de Réserve pour les Retraites (FRR) is set to boost its environmental, social and governance plans with a newly launched responsible investment strategy  

Pemberton bolsters UK and Ireland origination team with HSBC hire
The mid-market direct lender has added to its origination team in London 

Utah fund set to invest $45 million across Beach Point and Crestline funds
The Utah School & Institutional Trust Fund Office is set to make commitments to credit funds managed by Beach Point Capital Management and Crestline Investors

Creditflux and Debtwire unveil second European Direct Lending Perspectives report
Creditflux and its Acuris stablemate Debtwire have joined forces to produce their second European Direct Lending Perspectives, a report that sheds light on the biggest trends from Q1

London pension outlines private debt commitments
Barnet Pension Fund has earmarked £30 million for commitments to Partners Group Multi Asset Credit 2019

Alcentra reaches €5.5 billion close for European direct lending fund
Alcentra says that it has raised €5.5 billion for its latest European direct lending strategy

GSO adds $10 billion to inflows with direct lending, structured credit and energy
Blackstone grew its credit assets under management to $139.3 billion, up 13% on a year ago, according to the firm's second quarter earnings release

Investor requirements rather than performance is driving ESG push: Creditflux survey
Only 14% of respondents to Creditflux's global credit ESG survey said performance was the main reason they were adopting envoronmental, social and governance-themed strategies

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

Private debt boosts Partners' AUM
Partners Group has reached €17.2 billion in private debt assets for the first half of 2019, with private debt experiencing the highest net growth among all private markets, according to an AUM update from the manager today  

UBS pushes into private credit as part of private markets expansion
UBS has launched a global private capital markets team, which includes a new emphasis on private credit

Carlyle targets upper mid-market credit for new $3.1 billion fund
Carlyle Group has raised $3.1 billion for the first fund in its credit opportunities series.

EIB and Amundi form green partnership for high yield, private debt and securitisations
Amundi and the European Investment Bank (EIB) have teamed-up to launch Green Credit Continuum (Greco) programme with the aim of raising €1 billion over the next three years for green credit initiatives