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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

BlueBay, Brightwood and Permira win private debt mandates
BlueBay Asset Management, Brightwood Capital Advisors and Permira Debt Management have been tasked with overseeing a London pension fund’s direct lending portfolio

JP Morgan credit specialist set to join large credit manager in London
An experienced banker is leaving the leveraged finance desk at JP Morgan ahead of a move to the buy side. He is set to be involved with his new employer's upcoming direct lending fund

Aviva adds two to its infrastructure debt team in London
Aviva Investors has announced two hires to its infrastructure debt platform

Direct lender Beechbrook makes strong start in ramping UK fund
Regulatory filings show that Beechbrook Capital has made a strong start in ramping up its debut UK direct lending fund

Direct lending shows signs of growth in continental Europe, finds Deloitte
Deloitte has released its latest Alternative Lender Deal Tracker report in which it highlights that 267 direct lending deals took place over the course of 2016 – an increase of 2% on 2015’s volumes

Europe’s direct lenders edge closer to CLOs
Direct lenders are increasingly adding leverage to their funds, creating a slow evolution from direct lending funds into quasi middle-market CLOs

Credit manager bucks the trend by shifting into private equity
A host of private equity firms are planning direct lending funds, but one direct lender is moving in the opposite direction  

Move up the stack to avoid implosion
Pundit warns investors to be concerned about return of their principal – but senior loans may be a safe haven as credit yields are squeezed and high yield becomes crowded

British Business Bank joins forces with Start Up Loans Company
The British Business Bank and the Start Up Loans Company are set to merge, according to a joint-statement issued yesterday. The former has supported a number of UK direct lending funds

Direct lending specialist tipped to join Permira in London
Market sources have told Creditflux that an experienced direct lender has left a large credit manager ahead of a move to Permira Debt Managers

Pension fund allocates £40 million to UK direct lending fund
Strathclyde Pension Fund has emerged as one of the investors in a new UK-focused direct lending fund