BlueBay closes senior-only European debt fund at €3 billion
BlueBay Asset Management has announced that it is held a final close on a €3 billion European direct lending fund

Barings goes global with new mid-market strategy after rapid fund raise
Barings says that it has raised $1.3 billion for a new middle-market credit fund after less than six months on the marketing trail

White Oak leads Permira and HIG in club loan for Getronics
San Francisco-based mid-market credit specialist White Oak Global Advisors has announced that it led a club financing deal for strategic investor Bottega’s acquisition of Amsterdam-based IT Services Provider Getronics

Abraaj steps up fundraising for new $500 million global credit fund
The International Finance Corporation is looking to make a $20 million allocation to a new credit fund being launched by Abraaj Group

Fast-growing private credit firm Northleaf brings in senior advisor
Northleaf Capital Partners has announced that Robert Weiss has joined as a senior advisor for its private credit team

BlackRock raises UK fund with large private credit allocation
BlackRock has announced the first close of an alternatives fund with a large allocation to private credit

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

HSBC partners with Bain for landmark unitranche loan to UK firm
Bain Capital Credit and HSBC have partnered to extend a unitranche loan to environmental services firm Adler & Allan - the first deal of its kind for HSBC

Pemberton to take flexible approach with new direct lending strategy
Direct lender Pemberton will have the ability to provide junior financing to performing companies as part of a new initiative

Think outside the box
While the US market credit is the most liquid and the UK is considered the home of European direct lending, there are opportunities further a?eld

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Global raters dodged a bullet from the “Catalan Madoff”
At least one global rating agency dodged a bullet by declining to rate a Spanish fund backed by small and mid-market loans that is now being put into liquidation

Beechbrook UK fund hits 51% deployment mark
Beechbrook Capital’s UK direct lending fund is now 51% invested with the London-based manager noting that it has now deployed £77 million ($98 million) from its UK SME Credit I fund

Bank of Ireland promotes loan syndications head after recent departure
Bank of Ireland has promoted an 11-year veteran after losing its head of leveraged acquisition finance to Bridgepoint recently

Permira holds final close on direct lending fund after attracting new investors
Over half the investors in Permira's new direct lending fund are new relationships with manager revealing that PCS 3 has reached €2.1 billion including leverage

CVC Credit adds loan for European mid-market business
CVC Credit Partners has added a term loan to a UK caravan maker as part of its European private debt business

Helsinki-based private credit specialist Certior Capital announces hire
Helsinki-based private credit and equity fund-of-fund manager Certior Capital has announced that it has brought on board Olli Heinilä as an investment director and says it is looking to make further hires

Direct lender Kartesia hires from JP Morgan and Goldman Sachs
Direct lender Kartesia has announced that it has hired two associates in London and an analyst for its office in Brussels

Alcentra teams with Steadfast for $3 billion global mid-market strategy
Steadfast Capital Markets Group and Alcentra have announced the launch of a new credit fund, which will lend to companies in the US and western Europe

Pemberton confirms German addition to direct lending fund
Pemberton says that 20% of capital deployed by its mid-market fund is to German borrowers

Partners Group tops €1 billion for new multi-asset credit programme
Partners Group says that it has raised €1 billion for what it describes as a multi-asset credit programme

Permira nears final close on new direct lending fund
London’s Permira Debt Managers is edging closer to a final close on its latest direct lending fund, according to an article by Unquote

Spanish SME credit fund’s fraud complaint unnerves investors
An asset manager has sent shockwaves through Spain’s SME financing market by revealing that over half the assets backing a small domestic bond issue may be fraudulent

Avenue loses another key European credit portfolio manager
An experienced credit PM has left Avenue to join a $2.3 billion fund manager in a new role

Tuna fishing with a harpoon is a lot like picking credits
AlbaCore's David Allen takes our credit quiz