Blackstone combines credit and insurance divisions in major reorganisation
The newly-created BXCI unit will be led by Blackstone veteran Gilles Dellaert and aims to grow assets under management to $1 trillion over the next decade.

California retirement association commits up to $62 million to credit fund
San Joaquin County Employees' Retirement Association has committed up to $62 million to direct lending strategy

Comvest Partners adds new head of investor relations from BlackRock
The newest addition to the firm's senior-level team has been tasked with managing investor relations across direct lending, private equity and special opportunities investment strategies

Abu Dhabi-based sovereign investors put $1 billion into tech-focused credit platform
Abu Dhabi-based sovereign investor forms strategic partnership with US asset manager as it focuses on technology lending strategy

Societe Generale teams up with Brookfield for €10 billion private debt fund
New fund launched with €2.5 billion of seed funding and plans to reach their target over the next four years

Brightwood returns to CLO market for first time this year
Brightwood Capital has priced a new middle market CLO, Brightwood Capital MM CLO 2023-1, arranged by GreensLedge with RBC as co-placement agent

Monomoy Capital Partners' credit fund boasts $300 million in commitments
Monomoy secures $300 million for Monomoy Credit Opportunities Fund II 

Louisiana retire system commits $100 million to direct lending fund

The Louisiana Teachers’ Retirement System puts $100 million into direct lending fund. 

New Mountain prices unusual rated feeder fund
New Mountain Capital has priced a tranched rated feeder fund, New Mountain Guardian IV Rated Notes, arranged by Wells Fargo

Credit funds at a glance (September 2023)
A round-up of people moves and fund raising  

Credit hedge fund returns (September 2023)
Credit hedge fund returns  

MM CLO rankings - August 2023 YTD
Our latest CLO rankings show $3 billion of US middle market issuance in August, and brings the number of managers accessing the market this year up to 23

CIFC prices first middle market CLO
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners

Kansas City Police Retirement System focuses on private credit
Ares has been hired by the organization to manage some of its private credit portfolio as it increases allocations to the strategy 

San Antonio Fire & Police deploys another $30 million to direct lender
The pension fund made its 10th allocation to a manager that focuses on venture debt investments to early-stage tech and life sciences companies

Ohio Police & Fire commits $50 million to private credit
Ohio Police & Fire pension system makes first private credit commitment for the year to a Barings fund

Ares scores $200 million for third senior direct lending fund
The Los Angeles-based alternative asset manager received a commitment from a Phoenix-based pension plan

Illinois Municipal Retirement Fund sinks hundreds of millions into credit funds

The Illinois Municipal Retirement Fund has invested more than half a billion dollars into several credit and direct lending funds

New Mexico State Investment Council commits $150 million to infra debt fund
The New Mexico sovereign wealth fund approved a $150 million allocation to the Newmarket International Infrastructure Finance Company IV 

HPS teams up with Bank of America to print its second middle market CLO
HPS Investment Partners has teamed up with Bank of America to print a middle market CLO named HLEND CLO 2023-1, its second entry into the private credit CLO space

Orix USA names head of East Coast for Growth Capital business

Orix USA seeks to grow East Coast division of Growth Capital business with new hire. 

Golub prints 2023's third largest new CLO
Golub Capital priced the third largest new CLO of the year on Wednesday

Beverage holding company launches new $100 million credit fund
Beverage holding company seeks to fuel the bourbon business with new $100 million credit fund

Middle-market lender grows with new hires and promotions
Connecticut-based middle market investment firm Ironwood Capital grows team

BlackRock eyes next infra debt fund
BlackRock Alternatives is looking to launch a second global infrastructure debt fund, shortly after the departure of its European head of debt