Credit hedge funds
Credit hedge fund returns

Fund performance
A roundup of fund performance

Blue Owl surpasses $1 billion mid market CLOs in 2023 as asset class booms
Blue Owl Capital became the second firm to print three middle market CLOs in 2023 on Tuesday, surpassing $1 billion in volumes for the year

BMO hires ex-Deutsche Bank CLO structurer
BMO Capital Markets has hired an ex-Deutsche Bank structurer to lead its structured credit origination business in North America.

HPS announces close for second core senior lending fund
HPS Investment Partners has closed its second Core Senior Lending Fund known as CSL II with around $10 billion of capital to invest

Market gears up for the Debtwire US Private Credit Forum 2023
Speakers in New York will discuss topics from LP insights and software lending to distressed situations and CLOs

Stonepeak hires veteran investor to expand credit team
Stonepeak, an asset manager specializing in infrastructure, announced that Michael Leitner has joined the firm as a senior managing director.

Apollo launches private markets secondary fund
Apollo has registered to launch its new private markets secondaries vehicle, Apollo S3 Private Markets Fund

Mid market CLO issuance tops $2bn for the month as MidCap prices
Apollo affiliate MidCap Financial priced a middle market CLO on Friday named Woodmont CLO 2023-12, a deal that brought mid market CLO issuance for the month over $2 billion

Maranon prints its first mid market CLO of 2023
Maranon Management priced a new middle market CLO today at $405.8 million, according to market sources. Named Maranon CLO 2023-1

Brightwood names former Wells Fargo MD as new chief credit officer
Brightwood Capital Advisors has hired Eric Pratt as chief credit officer in New York

Cerberus prices its first GreensLedge-arranged CLO
Cerberus Business Finance priced a new middle market CLO on Friday, and worked with a new arranger for the first time since 2014

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

TPG in talks to buy Angelo Gordon: Bloomberg
The deal marks the private equity firm’s first foray into credit since parting ways with its credit arm Sixth Street in 2020

Managers raise rated-note feeders despite scrutiny from US insurance association
Alongside its investigation into CLOs, the National Association of Insurance Commissioners is weighing up its treatment of collateralised fund obligations (CFOs) and rated-note feeders

Credit hedge fund returns (May 2023)
Credit hedge fund returns

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

March madness sees most funds give up gains made in Q1
After a positive start to the year, credit funds ended the quarter with a step backwards; just under 30% of those listed reached positive returns for the month.

PGIM buys majority stake in direct lender Deerpath
PGIM has bought a majority interest in direct lending firm Deerpath Capital Management

MidCap prints 2023's second-largest CLO to date
Apollo affiliate MidCap Financial priced a new middle market CLO on Friday that is the second largest primary market transaction of 2023

Owl Rock prints its first CLO via SMBC Nikko
Blue Owl Capital priced a new middle market CLO on Wednesday, working with SMBC Nikko as arranger for the first time to print the deal

KKR plans asset-based fund
KKR Asset-Based Income Fund will take a 'multi-sector' approach, investing across consumer finance, mortgages, small-medium sized enterprises, hard assets, infrastructure and contractual cash flows

Marathon hires consultant relations co-head from AB
Marathon Asset Management has hired Scott Boyle as managing director and co-head of consultant relations in New York

BlackRock prints middle market CLO via two arranging banks
BlackRock priced a new CLO named Mt Hood CLO X on Tuesday, the first new transaction pbacked by middle market loans to print in three weeks

Ares targets high-net worth investors as it raises $1.5bn for non-traded BDC
Ares Management has raised $1.5 billion for a non-traded business development company known as Ares Strategic Income Fund