Senior debt funds are mis-pricing euro mid-market loans, conference hears
An influx of capital into senior debt funds is leading to mispricing in Europe’s mid-market, delegates at the Debtwire European Mid Market Forum heard yesterday

Onex eyes CLO resets as seasoned 2.0s reach reinvestment end
Onex Corporation held its earnings call last week, during which officials at the firm underlined the importance of resetting seasoned US CLOs into new structures

Park Square adds staff in direct lending and names new partners
European mid-market credit specialist Park Square Capital has announced that it has made two hires while also promoting three of its existing staff to the rank of partner

Muzinich brings in €180 million for new European private credit fund
Muzinich has held a first close on a pan-European private debt fund with €180 million in commitments

Direct lender Tikehau adds unitranche in Spain
Tikehau IM has announced that it has arranged a €60 million unitranche loan to back a recapitalisation of Spanish engineering company Terratest

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

Beechbrook buys two more mezz loans for latest private debt fund
Beechbrook Capital has announced the completion of two new investments for its Private Debt III fund

Euro loan managers breathe easy as ECB adopts US-style lending guidelines
The ECB has, to some extent, relented and provided loan market participants with a greater degree of flexibility after this morning posting the final guidance for leveraged lending in Europe

Direct lender Kartesia puts new debt capital into Foraco restructuring
Direct lending specialist Kartesia has announced that it has invested in Foraco International as part of a restructuring of the French drilling services company’s debt

Bridgepoint makes high profile hire for push into credit
Private equity firm Bridgepoint has hired a long-serving head of acquisition finance, Debtwire reports

Direct lender Pemberton hires former RBS debt syndicate head
European direct lending specialist Pemberton has announced that it has hired former RBS gobal debt syndicate head Eric Capp as a partner

Ares wins $1.1 billion in global direct lending SMAs in strong start to 2017
Direct lending proved to be Ares Management’s most successful strategy in fundraising terms with the firm registering $1.1 billion of inflows for European and US private debt in the first quarter

Advisor Marlborough hires ex-Lloyds private debt specialist
Debt advisor Marlborough Partners has announced that it has hired Aubrey Simpson-Orlebar, the former head of Lloyds Bank’s debt private placements team

Fund manager sees global appeal for new $2 billion energy lending fund
EIG welcomes commitments from non-US based investors for its new direct lending fund

ECB's crackdown on leveraged lending clears the way for direct lenders
Regulator's plans to limit debt to ebitda ratios in loan transactions could drive traffic out of the capital markets and towards lending funds

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

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What's wrong with non-sponsored direct lending?

Beechbrook heads up north to open Manchester office
Direct lender Beechbrook Capital has opened up a new office in Manchester, according to an announcement this morning

Avenue to call it a day in European direct lending
Avenue Capital Management has pulled the plug on its European direct lending business

Nordic asset manager launches debut private credit fund
A Helsinki-based manager has partnered with MV Credit Partners for its debut direct lending fund

ICG hires Avenue Capital’s Lockhead for direct lending role
Intermediate Capital Group has announced that it has hired Avenue Capital’s Peter Lockhead for its direct lending business in Europe

Muzinich hires from BlackRock to bolster its direct lending team
Muzinich has made another hire to its offices in Frankfurt with the firm announcing that Markus Taubert will be joining from BlackRock in July