ICG looks to expand in Germany with senior hire in Frankfurt
ICG has hired an official to build out its origination capabilities with the remit spanning subordinated debt and equity

Eiffel launches private debt impact fund
Eiffel Investment Group has launched what it describes as the first private debt fund of its kind

Santander issues SRT referencing Spanish SME loans
Banco Santander has issued a significant risk transfer referencing a €3 billion portfolio of loans

Ireland looks to tweak fund regulation in private debt push
Ireland has proposed several technical amendments to its regulated Irish Limited Partnership (ILP) as it tries to regain ground lost to Luxembourg.

Deal flow access a factor in BlueBay’s private debt spin-out
Fresh details have emerged concerning the sudden spin-out of BlueBay Asset Management’s private debt unit, which was announced on 5 June. 

Direct lenders pin hopes on ESG as risk management tool
Strategies geared towards environmental, social and governance (ESG) may have originally been popularised at the behest of pension funds seeking responsible investments, but there are growing hopes that incorporating ESG will help fund managers outperform in a downturn.

Investment platform set to launch debut direct lending offering
A platform providing individuals with access to private market funds, is set to launch its first private debt offering imminently, according to market sources  

Italian pension seeks private debt access
Fondo pensione Telemaco has launched a request for proposal, seeking a private debt manager for a €50 million portfolio

Beechbrook earns backing from fund-of-funds operator as it launches Irish SME strategy
Lower-mid market lender Beechbrook Capital has held a €35 million first close on its new Irish-focused private credit strategy

Certior holds €100 million close on European fund of direct lending funds
Certior Credit Opportunities Fund II will focus on the European direct lending space - investing both in SME direct lending funds and investing directly into loans

CVC adds senior Santander official to its European direct lending team
The former head of structured finance and origination at Santander has joined CVC Credit Partners as a managing director

HIG closes European small-cap special situations fund at $1.5 billion
HIG's distressed debt and special situations unit has closed held a final close for H.I.G. Bayside Loan Opportunity Fund V

Cheyne aims to capitalise on stress within direct lending as it closes €1 billion opportunistic fund
The fund seeks to capitalise on the accelerated sell-down of mid-market corporate loans by European banks

Highbridge refocuses on credit as it liquidates listed multi-strategy fund
Highbridge Capital Management has announced to investors in a multi-strategy fund that it is winding down the vehicle and refocusing its business exclusively towards credit

Senior figure rejoins Credit Suisse to head European capital markets
The bank is looking to build out its key European platforms - and has hired an official who left just last summer 

Private debt should alleviate the next downturn, says Paul Hastings
Private debt should soften the next downturn and not exacerbate it, according to a note published by law firm Paul Hastings

PSP's private debt portfolio generates 9.2% return
Public Sector Pension Investment Board (PSP) has generated a 9.2% one-year rate of return of its private debt portfolio, exceeding its 5.7% benchmark, 

US pension replaces Cliffwater with Meketa
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.  

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.

Warsaw-based direct lender launches fund to invest in central and eastern Europe
The Warsaw-based private debt manager has received the backing of the European Investment Fund

Los Angeles pension fund narrows down global direct lending search to four managers
Los Angeles City Employees Retirement System (Lacers) has listed the finalists for a private credit mandate, according to an agenda document seen by Creditflux.  

Pemberton adds portfolio manager to trade finance team
According to the firm, there is "huge, untapped opportunity to transform trade receivables and supply chain finance into a liquid asset class"