Alcentra BDC explores 'strategic alternative' plans to add value
Alcentra has appointed financial advisor Houlihan Lokey to evaluate 'strategic alternatives' for its business development company 

Direct lenders split over best way to manage loan restructuring
Direct lenders are divided on how best to set up internally when dealing with loans that require restructuring. Some managers argue that a deal should be restructured via the original deal team

Debevoise & Plimpton hires three fund partners from Linklaters
Debevoise & Plimpton has strengthened its funds practice with the appointment of three partners in its New York office

BlackRock names global alternatives head amid senior leadership shake-up
BlackRock has reshuffled its leadership and made several senior changes across various parts of its business, according to an internal memo seen by Creditflux

Montana pension considers direct lending fund
Montana Board of Investments, the US pension fund, is planning to discuss on new private equity commitments on its board meeting on 2 April, according to the agenda documents seen by Creditflux.  

Californian pension reveals 2019 private credit plan
Ventura County Employees’ Retirement Association is considering committing up to $80 million to private credit funds, following a recommendation of its investment consultant NEPC  

Italian manager launches fund for private debt opportunities
DeA Capital Alternative Funds, an Italian asset manager, has launched an alternatives fund to target global private debt investments, along with investments in private equity and infrastructure  

US pension backs Vista credit fund
Illinois Municipal Retirement Fund (IMRF) has approved a $50 million commitment to Vista Credit Partners Fund III, according to documents from the March board of trustees meeting  

Fiera buys private credit and real estate specialist in $74 million deal
The transaction will add $3.1 billion of assets under management to Fiera Capital Corporation 

Medley BDC loses compliance with NYSE as two directors depart
The Medley marathon continues after two "independent" directors offered their resignations. The pair were named in a lawsuit last month with activist shareholders FrontFour 

US institution eyes credit as part of private equity expansion
University System of New Hampshire (USNH) looks to add credit commitments into its private equity portfolio, as part of the asset class new target allocation.

Alcentra BDC assigns new CEO
Business development company Alcentra Capital Corporation has named a new chief executive officer, saying "this is the right time for these transitions"

Alcentra's co-head of US direct lending switches focus to Europe - Debtwire report
Alcentra has appointed Peter Glaser as co-head of European direct lending, according to Creditflux’s sister publication Debtwire

Texas pension fund creates new credit bucket
The Employees Retirement System of Texas (ERS) has approved a 3% opportunistic credit allocation, according to documents from an investment advisory committee meeting in March seen by Creditflux  

European regulators lower Solvency II capital charges for private debt
The European Commission has amended Solvency II rules to make it easier for insurance companies to invest in private debt and private equity

Massachusetts pension seeks multi-sector bond managers
Massachusetts Water Resource Authority Employees’ Retirement System has launched a request for proposals in which it opens the search for multi-sector and specialty lending bond managers  

GSO to add two North American offices in 2019
The credit manager anticipates the offices will help expand the firm’s origination efforts in North America

Los Angeles pension to shortlist managers for private credit mandate
Los Angeles City Employees’ Retirement System (LACERS) is set to short-listed six firms as semi-finalists as part of a $670 million private credit mandate.  

Owl Rock opens Silicon Valley office focused on technology origination
The $12 billion direct lender anticipates the office will better serve financial sponsors operating in the technology sector

Marathon proposes alternative to long-running Medley BDC merger dispute
Marathon has joined the race to take on two business development companies managed by Medley

"It makes no sense in a one-to-one world": Goldman BDC dissolves JV with pension fund
Goldman Sachs BDC (GSBD) has dissolved its joint venture partnership with Regents of the University of California as the Senior Credit Fund “no longer makes sense in a one-to-one world”, according to the business development company's Q4 2018 earnings call.

Capitala adds ex-Monroe official to lead Texas origination
Capitala Group has appointed an ex-Monroe managing director  to lead the origination in its newly opened Dallas office

Capitala BDC forms $150 million mid-market JV with Kempner
Capitala Finance Corporation and Kemper subsidiary Trinity Universal Insurance Company have teamed up to launch another direct lending joint venture, following a loan-focused JV in 2015

Alaska pension commits $545 million to seven credit funds
Alaska Permanent Fund Corporation has earmarked $545 million to funds across the credit spectrum across Q2, according to 27 February board documentation

Benefit Street affiliate BDC buys stake in ABL lender Siena
Business Development Corporation of America (BDCA), a non-traded business development company managed by Benefit Street Partners, has bought a controlling stake in Siena Capital Finance