Direct lending BDC to explore "strategic alternatives" following Q3 losses
The direct lender has announced it will explore “strategic alternatives” after a third quarter its chief executive officer described as “challenging”

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

US direct lender pulls the trigger on revolver credit fund
A firm has launched a new vehicle focused primarily on revolving credit facilities

LStar's Gerson joins FS as head of private credit
Asset manager FS investments has announced that Brian Gerson has joined as head of private credit

Chicago manager launches $1.2 billion leveraged direct lending fund
A new mid-market credit fund has raised $415 million equity capital, exceeding its original $350 million target

Loan managers pile into BDCs amid possible change to leverage ratios
Golub Capital Partners and TCW are among those to have launched new BDCs as regulators look to revamp leverage limits

StepStone plans to put $4 billion into private credit
StepStone is looking build its exposure to direct lending by hiring fund managers. It is willing to sign up to managed accounts of up to $500 million

Mid-market lender Monroe signs JV with National Life
Monroe and National Life each put $50 million into new venture then look to add leverage

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

KKR-backed manager raises $165 million for energy credit fund
Houston-based manager secures total commitments of $165 million for its credit-oriented energy fund. 

Wealth manager adds Oaktree and THL to new direct lending platform
Canadian firm Nicola Wealth Management (NWM) has launched a new private debt fund which will combine a fund of funds approach with direct investments

GSO raises new credit fund as it eyes $2.4 billion portfolio acquisition
Recent fund-raising may be vehicle to acquire large mid market portfolio

ICG ramps up European direct lending account for US pension fund
Private equity-style fund has deployed over 62% of its committed capital, filings suggest

Fund placement agent Eaton opens New York office
Eaton Partners, a fund placement agent and wholly-owned subsidiary of Stifel Financial, has opened an office in New York

KKR raises $7 billion through strategic investor partnerships
KKR is prioritising strategic partnerships with institutional investors and longer lock-up vehicles, according to officials at the firm

Ohio pension fund commits $50 million to LA-based direct lending vehicle
After creating a separate private credit allocation earlier this year, the Ohio pension fund continues to develop its exposure to direct lending

Monroe's latest private credit fund reaches first close at $204.8 million
The firm's newly launched Private Credit Fund III is inching closer to its $800 million target

Los Angeles firm takes over Greenwich-based direct lending BDC
Oaktree has taken over management of its newly acquired direct lending unit, which was formerly known as Fifth Street Finance Corp

USS hires private credit investment manager in London
Rob Brindley has joined a firm which has made a name for itself as a finance provider to direct lending funds

Whitehorse makes two hires to its US direct lending team
Officials from Capitala and Super G have joined the Whitehorse stable

New York firm raises $100 million for new direct lending vehicle
A US mezzanine specialist looks like it is dabbling in senior loans having launched a new direct lending fund with $100 million of commitments

Orlando pension fund ups its private debt allocation
The Orlando Police Pension Fund is set to increase its target allocation for private credit by 2%, documents seen by Creditflux reveal

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt