Goodhart unveils new platform to invest in private debt and equity firms
London-based Goodhart Partners has launched a new platform to focus on strategic minority investments, predominantly in private debt and private equity firms.

Harbert European Growth Fund flourishes with €215 million final close
London-based Harbert Management Corporation has held a final close for its second European Growth Capital Fund with €215 million in capital commitments

Hamilton Lane hires business development official in Munich as it seeks DACH expansion
Hamilton Lane has appointed Martina Schliemann as principal and head of business development in the DACH region, in a bid to expand its presence in Germany, Austria and Switzerland.

Blackstone wins Italian direct lending approval for five funds
Blackstone has been granted direct lending approval in Italy for five Irish-domiciled alternative investment funds (AIFs), according to an announcement by law firm Simmons & Simmons, who advised on the approval

Family office CIO and ex-Kimura official launch new private debt firm
The chief investment officer of single-family office and an official who previously worked at Kimura Capital have joined forces to launch an asset management business

Advisors & Partners teams up with UK bank for private debt fund
The vehicle is anticipated to be the first in a series of private debt co-lending funds

Beechbrook edges towards first close for £300 million UK SME fund
Strathclyde Pension Fund has mandated £30 million to Beeechbrook UK SME Credit II, which will target a 8%-9% net IRR

Crescent lands into European direct lending for the second time
Crescent Capital Group is raising capital for its second European direct lending fund - Crescent European Speciality Lending Fund

Direct lenders look for slice of large-cap loan market
Competition between banks and direct lenders has been growing for many years, although this rivalry was largely confined to the middle market space. However, direct lenders, flush with cash, are now said to be penetrating the large-cap loan market.

Four private credit managers score as Arizona pension fund commits $250 million
The $9.78 billion pension fund has mandated nearly $250 million to four private credit managers, alongside additional commitments for co-investment opportunities 

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

CVC Credit hires managing director to private debt team in London
CVC Credit Partners has strengthened its European private debt team with a hire from ESO Capital

UK pension fund NEST seeks 'innovative' private credit manager
The £3.4 billion pension fund issued an invite to tender for private credit managers 

Fund of funds manager holds €51 million first close for direct lending strategy
A European fund of funds manager has held a first close on a new vehicle which will back SME direct lending funds

Shetland Islands pension looks to terminate bonds and introduce direct lending
A UK pension fund is looking to terminate its bond mandate and introduce a 12.5% direct lending and 12.5% alternative funds asset allocation, according to board documentation seen by Creditflux

Former European Capital team raises $725 million for new direct lending fund
LGT Capital Partners has raised at least $725 million for a private debt fund, following the acquisition of private debt manager European Capital Partners from Ares Management in March last year

Italian bank completes SRT with European Investment Fund support
Banca Popolare di Bari has constructed a €174.5 million significant risk transfer (SRT) deal, which features a vertical risk sharing mechanism

KKR and Schroders back €1 billion Dutch direct lending fund
Neos, a Dutch direct lending firm, has held a €1 billion close on its Dutch and German direct lending joint venture

Institutional investors are too constrained in their private debt approach, research suggests
Institutional investors are too constrained in their approach and are focusing too much on mid-market corporate direct lending, research from global advisory firm Willis Towers Watson suggests

Hermes appoints head of direct lending in London
Hermes Investment Management has a new head of direct lending. The experienced official now reports into Hermes's head of private debt and CLOs, Patrick Marshall

London-based direct lender wins as San Francisco pension fund deploys into private credit
A Californian pension fund has mandated $60 million to a strategic credit fund, as part of its private debt pacing plan to deploy up to $750 million to private debt annually

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

Dyal buys minority stake in another private credit manager
Following a minority stake acquisition in HPS last month, Neuberger's Dyal has now attained a stake in another New York based private credit manager

Spanish direct lender targets final close on debut fund
Spanish direct lender Resilience Partners is targeting a February 2019 final close for Resilience Partners Fund I, Creditflux has learnt

Direct lenders express concern over proliferation of ‘adjusted ebitda’ terms