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

Past returns: Alhambra CLO paves the way
Five years ago in Creditflux, we reported that Be-Spoke Capital was launching the first SME European CLO since the financial crisis.

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

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Nuveen strikes deal to buy European direct lender Arcmont
Nuveen has reached an agreement to buy a controlling stake in European credit manager Arcmont Asset Management

Iron Park finds new parent just 10 months on from Hunter Point investment
General Atlantic says it has agreed to buy credit manager Iron Park Capital Partners with a view to rebranding it as General Atlantic Credit

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

Sona rolls out event-driven and bespoke financing fund to US investors
Sona Asset Management is courting investors in the US for its second capital solutions strategy, having filed an offering of the fund with the Securities & Exchange Commission

Axa IM and InPact close €395m global revolving credit facility fund
AXA Investment Managers and InPact Partners have closed their second vintage revolving credit facilities fund, RCF II, with over €395 million in capital commitments

DWS hires regional heads for direct lending business
DWS Group has unveiled two senior appointments to it European direct lending team

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

   

Boutique London asset manager launches open-ended direct lending fund
Stafford Capital Partners has launched an open-ended direct lending and speciality finance fund

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms

Changing streets: private credit official joins Adams Street to build European offering
“Europe is fertile ground for sponsor-backed private credit deals," says Adams Street after hiring a European private credit head

Capital Four closes €1.5bn direct lending fund 'more than 90%' deployed and launches successor
Capital Four had collected €1.5 billion on a final close of its third senior private debt fund, Capital Four Private Debt III – Senior, exceeding its initial €1 billion target

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

Nuveen adds senior official to lead private credit specialist team
The hire will be responsible for building and leading Nuveen’s private credit specialist team 

Euro CLO trader lands at LGT to co-head liquid credit
LGT Capital Partners has hired a former Morgan Stanley European CLO trader as co-head of liquid credit

LGT to expand its impact investing framework into private debt
LGT Capital Partners is seeking to expand its private debt offering with a new impact focused fund named Crown Impact Private Debt

Ninety One holds first close on first private debt fund targeting sponsorless loans
Ninety One has made a breakthrough in its bid to build out a European private credit offering by holding a first close on a fund that will lend to sponsorless borrowers in Europe

Apera hires investor relations director
Apera Asset Management says it has brought in Jodie Tilley to lead its investor relations effort in London