Managers dispel myth that lenders can’t influence ESG
There’s a growing belief among credit fund managers that they can influence borrowers to take on ESG-friendly practices, contrary to the widely-accepted notion that the business practices of companies are dictated by their private equity owners.

They said it: "Risky unmarked things are not not-risky. It will end in tears"

Fund performance
A round-up of fund performance click here.

Tikehau builds private debt secondary platform with senior hire
Tikehau Capital has bolstered its private debt capabilities with the launch of a new secondaries platform

Private credit growth helps Hamilton Lane 13% growth in AUM
Alternative manager Hamilton Lane has reached $481 billion in assets under management and advice as of September, with credit funds supporting the organisation’s growth  

Proskauer promotes eight to partner in credit
Law firm Proskauer has promoted 15 lawyers to partners in its London, New York and Boston offices – including eight who work in credit

UK pension hires BNP Paribas AM for starring role in core-satellite private credit fund
UK pension fund Nest has appointed BNP Paribas Asset Management to run the core of a private credit fund, sources say, in an arrangement which sees Amundi and BlackRock manage certain satellite investments  

Boston pension looks to allocate $60 million to private debt
The Boston Retirement System has launched a request for proposals in which it seeks a manager to oversee a $60 million private debt portfolio

Direct lending across the Atlantic: Creditflux unveils two direct lending reports
Creditflux is pleased to unveil two direct lending reports with the third edition of European Direct Lending Perspectives now available, along with the inaugural US Private Credit Perspectives report.

Russell and Mediobanca launch multi-asset fund with CLO allocation
Mediobanca Private Banking has joined forces with Russell Investments to set up a fund that has a 20% allocation to credit, sources say  

Management fee compression brings US direct lenders in line with Europe
US direct lenders are cutting management and performance fees in an attempt to win mandates from international investors and bring fees in line with European direct lenders, according to research from Bfinance

Partners Group brings global private debt strategy to Australian retail investors
Partners Group has bolstered its private debt offering to retail clients, collecting AUD550 million for a private debt offering which has been listed on the Australian Securities Exchange.

KKR bolsters global impact team
Investment firm KKR has appointed two senior professionals within its global impact team, as it looks to strengthen its geographic reach and local impact  

Veteran Ulmer targets array of private credit for new firm
Andrew Ulmer, who led the structured finance expansion at Brevan Howard, has resurfaced with his own asset management company, 1543 Capital, according to documents seen by Creditflux.

Fund performance
A round-up of fund performance

Ucits at a glance
A round-up of ucits fund performance

Credit funds at a glance
A round-up of fundraising and people moves in credit

StepStone launches private debt platform for high net-worth individuals
Private markets specialist StepStone Group has launched a private markets platform, including private debt, in a bid to deliver the organisation’s institutional capabilities to high net-worth and other private clients  

Purdue Pharma bankruptcy highlights value of ESG analysis
Purdue Pharma's bankruptcy this week, and the sector wide concern over the US opioid epidemic, has highlighted the utility of environmental, social and governance (ESG) standards in credit analyses

Wells Fargo AM makes big credit hire to co-head its private strategies team
Wells Fargo Asset Management has appointed Vincent Lu to co-head the firm’s private strategies, according to an internal memo seen by Creditflux

Axa IM promotes global head of loans and private debt following Levilain departure
Axa Investment Managers has promoted a new global head of leveraged loans and private debt to fill the vacancy left by Jean-Philippe Levilain, who has left to join CBAM

West coast pension eyes European private credit for diversification
The $3.1 billion pension fund is looking to diversify its private credit exposure following an asset class education by investment consultant Meketa

THL updates credit investment framework to include ESG
THL Credit Advisors has announced that it has developed an investment framework for assessing environmental, social, and governance (ESG) factors in analysing credit quality and risk factors

Golub blazes trail to Europe as other US lenders eye partnerships
US direct lenders are looking to diversify their exposures by allocating to European loans, sources say. Last month, Debtwire reported that one of the largest US middle market operators, Golub Capital Partners, was expanding into the continent by building out a team in London. 

Guidelines fail to assuage fears over loose reporting standards
The Chartered Financial Analyst (CFA) Institute’s new hedge fund reporting guidelines come into play next year, but some say they fall short of a much-needed overhaul.