Credit-oriented PE firm opens Texas office to aid capital deployment
Credit-oriented private equity firm Orion Energy has opened a new office in Houston in a bid to set up a local presence and deploy capital from its recent successful fund close

New York pension fund allocates $400 million to two private debt funds
New York State Common Retirement Fund has awarded $400 million to two private debt managers: GSO and Vista Equity Partners, Creditflux has learned

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Antares promotes loan specialist Lyne and ex-JP Morgan CLO chief Mathew
Private credit giant Antares Capital has announced that founding partner Timothy Lyne has been appointed senior managing director and co-head of sponsor coverage while Vivek Mathew has been promoted to head asset management and funding

BlackRock expands US private debt capabilities with TCP acquisition
BlackRock has agreed to acquire $9 billion asset manager Tennenbaum Capital Partners

White & Case adds direct lender partner to its New York office
Global law firm White & Case announces that direct lender lawyer Nicholas Palumbo has rejoined the firm

M&G launches 'first of kind' multi-sector impact debt fund
M&G Investments has today launched a multisector positive impact private debt fund, which it claims is the first of its kind by a mainstream manager

Boston firm raises $75 million for latest private credit fund
$18 billion manager follows up 2015 fund that now has $352 million in assets

Mayer Brown adds private credit partner in Chicago
Jaime Gatenio joins global law firm as banking and finance partner in its global private credit group

Direct lender taps talent from Gallatin, GSAM and Abbott for senior roles
Owl Rock Capital Partners has welcomed three new senior hires, including a chief compliance officer and two managing directors

GSO launches new energy fund and picks up $75 million from US pension
The GSO Energy Select Opportunities Fund II is understood to be targeting $5 billion and has already been chosen by a Louisiana pension fund for a $75 million commitment

Missouri pension fund selects Brightwood and Monroe for private debt mandate
The St Louis Public School Retirement System has committed $22 million to private debt, according to board documents seen by Creditflux

Allocations to fixed income leap but private debt shrinks under new pension fund plan
The City of San Jose Police & Fire Retirement Plan is considering a new investment strategy that would reduce its private debt allocation, according to documents seen by Creditflux

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

Know the best way to crack direct lending? Be a true ‘direct’ lender
Varagon's chief executive claims that there is a big difference between being a follower and a leader in direct lending

Calling all direct lenders: don’t do this…
Direct lending seems to be the hottest ticket in town, with middle market loan managers finding fundraising to be a cinch. However, several advisors have warned of the pitfalls managers should avoid when they pitch their funds to institutional investors

BlackRock raising $2.5 billion for direct lending fund: report
BlackRock is seeking to raise $2.5 billion for a private credit fund – and has already hit the $1.5 billion mark in sales, according to a Bloomberg report

New Hampshire pension makes $50 million commitment to direct lending
The New Hampshire Retirement System has approved a $50 million commitment to BlueBay’s Direct Lending Fund III (USD unlevered), according to documents seen by Creditflux

Triangle BDC goes on a different tangent with Barings and Benefit Street deals
Triangle BDC sells assets to Benefit Street and arees to Barings takeover in an unusual deal 

Direct lenders pile into "turbocharged" market as fundraising skyrockets: report
Growth in the direct lending market in the 12 months to 31 December was “turbocharged,” growing robustly in the fourth quarter 2017 in particular due to a consistently growing Eurozone economy, according to Deloitte

Sacramento pension fund eyes new private credit allocation
The Sacramento County Employees’ Retirement System’s board has approved a new annual investment plan for 2018 that introduces a private credit allocation, Creditflux has learned

Ohio pension backs BlackRock multi-asset and BlueBay direct lending funds
BlackRock and BlueBay have each won commitments from a $14.7 billion Ohio pension fund

Oak Hill BDC's assets continue to nosedive as board explores options
As it continues to bleed assets, Oak Hill Advisors’ direct lending business development company (BDC) has jettisoned the last of its energy assets

Monroe hires vice president in investor relations team
Chicago-based direct lender Monroe has appointed Ryan Flanders as a vice president in its New York office

Good news for BDCs as congress doubles leverage limits
US lawmakers have granted business development companies (BDCs) the ability to borrow more – a move for which the BDC industry has been pushing for years