Viking's head of credit leaves the hedge fund amid organizational changes
The head of credit at Viking Global Investors, has left the Greenwich, Conn.-based hedge fund amid organizational changes, according to an investor letter

Louisiana pension system allocates to private credit
The Louisiana Teachers’ Retirement System has recently made a fresh round of commitments to alternative funds, including to private credit.

Direct lender Raven separates from Metlife just one year after it was acquired
Raven Capital Management, a New York and Santa Monica-based private credit specialist, has parted ways with parent company Metlife after just a year under its ownership

Chicago pension system allocates USD 40m to private credit
The Policemen's Annuity and Benefit Fund of Chicago approved two commitments to private credit totaling USD 40m at its 24 January meeting

Evolution hires new managing director from JP Morgan
Evolution Credit Partners has added a managing director on the investment team, helping grow the Boston-headquartered firm's working capital finance and leveraged finance businesses

Ares launches third vintage of senior direct lending fund
Ares Management recently filed regulatory documents with the US Securities and Exchange Commission for the Ares Sr Direct Lending III Access Parallel

AGL and Barclays launch new credit platform
AGL Credit Management and Barclays have teamed up to launch AGL Private Credit, a new private credit investment platform backed by the Abu Dhabi Investment Authority 

Funds round up: private credit reaches for retail
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors

Akin hires Paul Hastings lawyer for private credit practice
Akin Gump Strauss Hauer & Feld continues to expand its special situations and private credit practice with the hire of a new partner in the group

Washington State pension system allocates USD 60m to direct lending
The Tacoma Employees’ Retirement System approved two commitments totaling USD 60m to direct lending funds during its March meeting

Barings shrugs off team liftout with new private credit deal
Barings is putting up a fight in the private credit market despite the dramatic loss of 20 members, acting as lead agent on a new private credit deal

South Carolina pension system commits USD 100m to asset backed fund
The South Carolina Retirement System recently revealed a commitment made on 27 February of up to USD 100m

New Mexico sovereign wealth fund pumps an additional USD 450m into private credit
The New Mexico State Investment Council latest commitments to private credit total up to USD 450m, spread across three managers

Monroe Capital expands in Middle East with new hire and Abu Dhabi office
Monroe Capital has hired Waleed Noor as managing director and head of Middle East distribution, as private credit funds continue to target LPs in the region

Apollo launches new BDC backed by Mubadala
Apollo has created a new private BDC that will invest money from Abu Dhabi-based sovereign wealth fund Mubadala Investment Company, in addition to other institutional investors.

Akin Gump hires Paul Hastings partner for private credit practice
The New York-based partner will join the growing special situations and private credit practice.

Cincinnati Retirement System allocates USD 90m to private credit
The Cincinnati Retirement System committed a total of USD 90m to three separate private credit funds at its 1 February meeting

Barings launches legal proceedings against Corinthia and two senior defectors
Barings has commenced legal proceedings against two former senior executives who last week defected to Corinthia Global Management

Advantages of non-sponsored direct lending recognised as pensions increase allocations
Non-sponsored direct lending is on the rise despite its inherent challenges, with pension systems upping allocations to funds dedicated to non-sponsored private credit.

Credit hedge funds
Credit hedge funds

Credit funds at a glance
Credit funds at a glance

Nomura-backed Corinthia lifts private credit team from Barings
More than 20 members of the global private credit team at Barings have jumped ship and joined Corinthia Global Management, a new platform backed by Nomura Holdings

Goldentree closes on USD 1.4bn private credit fund
GoldenTree Asset Management announced the closing of its Private Credit Fund today, with secured commitments of USD 1.35bn

Vermont pension system commits USD 125m to private credit
The Vermont Pension Investment Commission recently approved two separate allocations to private credit, totaling USD 125m

Manulife holds final close for USD 752m private credit fund
Toronto-headquartered Manulife Investment Management held the final close of its Manulife Capital Partners VII at USD 752m