Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Direct lender Green Arrow adds two strings to its bow with new funds
Green Arrow Capital, which recently acquired Italian private equity house Quadrivio, is nearing a final close for two funds, sources say.

ICG reports €4.8 billion of inflows over three months after direct lending success
Intermediate Capital Group has released its quarter end results - showing strong inflows and deployment

Ares launches "largest ever" European direct lending fund with up to €10 billion to invest
Ares Management has held the final close on what it claims to be the largest European direct lending fund raise ever

BNP Paribas AM launches UK SME direct lending fund
The new direct lending fund aims to disrupt a segment of the market that is underserved by asset managers and banks  

Investors eye alternative credit ahead of expected interest rate increase – report
Investments in alternative credit are set to rise among institutional investors over the next 12 months, according to an alternative credit report published by NN Investments Partners

BlackRock holds €1.1 billion final close for inaugural mid market fund
BlackRock has held a €1.1 billion close for its inaugural middle market private debt fund – exceeding its initial €750 million target.

Connecticut pension fund looks to mandate $140 million to private debt
Connecticut Retirement Plans and Trust Funds mandated $50 million to Balance Point Capital and is looking to invest up to $90 million to Intermediate Capital Group

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Partner in TPG's direct lending business leaves his role
Phil Fretwell has left his role as partner TPG Specialty Lending Europe, Creditflux’s sister publication Debtwire has learned

Alcentra strengthens European direct lending team with hires
Alcentra has strengthened its European direct lending team with Sarah Madore, Maria Garcia Diego and Joanna Layton joining the firm's London-based lending unit.

CVC poaches Pemberton's head of investor relations
Global credit manager CVC Credit has appointed Mike Anderson as head of Investor Relations

Capital Dynamics registers debut direct lending fund
Zug-based Capital Dynamics is looking to launch Capital Dynamics US Middle Market Credit Fund after establishing a private credit business over the last 12 months

Danes work with Credit Suisse to bankroll direct lenders
Credit Suisse has forged an alliance with another pension fund in a partnership that will provide leverage to direct lenders

Covenant quality diminishes in direct lending market
Covenants are getting looser in the European direct lending market, according to speakers at the Debtwire European Mid-Market Forum

KKR eyes second European direct lending fund
New York headquartered KKR is looking to raise its second European direct lending fund - KKR Direct Lending Europe II, European regulatory filings reveal.

Hayfin looks to launch third European direct lending vehicle
European credit specialist Hayfin Capital Management is looking to launch Hayfin Direct Lending Fund III, according to regulatory filings 

Pemberton appoints head of business development
European direct lender Pemberton has expanded its senior leadership team with the appointment of Antoine Josserand as head of business development

BNP Paribas AM enters into SME loan origination partnership with Code
BNP Paribas Asset Management has formed a strategic origination partnership with CODE Investing as part of its new SME Alternative Financing platform

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Alcentra hires co-heads of US direct lending
Alcentra has moved into the US direct lending space - and has appointed Suhail Shaikh and Peter Glaser as managing directors and co-heads of its US direct lending business

Natixis IM expands private debt capabilities with MV acquisition
Natixis Investment Managers has acquired European private credit specialist MV Credit Partners

Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

Wells Fargo AM names head for new European private debt arm
Wells Fargo Asset Management has launched its European private debt arm and named Brian Van Elslander as head of private strategies, according to an internal memo seen by Creditflux.

European institutional private debt appetite shows no signs of waning, finds Aviva survey
Institutional investors across Europe are set to increase their exposure to alternative income assets, according to a report by Aviva Investors.