L Catterton plots credit platform growth with Hunter Point minority stake
Hunter Point Capital has bought a minority stake in L Catterton, with a particular focus on helping grow the firm’s new credit business

Nomura's private capital unit launches credit interval fund
Nomura Alternative Income Fund has a flexible allocation across private and public credit sectors, depending on relative value opportunities

Arrow overshoots €2.5 billion target for second credit opps fund
Arrow Global has closed its second credit opportunities fund at its hard cap, collecting around €2.75 billion and exceeding its €2.5 billion target

Ares and Mubadala establish $1 billion global credit secondaries JV
The pair aim to capitalise on the 'anticipated growth and substantial demand’ from managers and investors for customised liquidity solutions

CIFC hires investor relations specialist from BlockTower
CIFC Asset Management has hired a managing director in its investor relations group from BlockTower Capital

Deerpath leaps to $1.5 billion close for US lower mid-market direct lending fund
With leverage, the strategy has $2.8 billion in capital available to deploy

Audax becomes first manager of 2023 to reset a CLO
Audax Private Debt has become the first manager of 2023 to complete a CLO reset, teaming with Bank of America to rework its 2020 middle market deal named Audax Senior Debt CLO 4

Middle market CLO volumes surpass $2.5 billion in March after Churchill prices
Middle market CLO issuance for March climbed to $2.69 billion on Thursday after Churchill Asset Management priced a new transaction named Churchill MMSLF CLO II

Golub prices $1.4 billion CLOs in a single day
Golub Capital Partners priced two CLOs on Thursday worth a combined $1.4 billion in the biggest day of primary activity for a single manager so far in 2023

Calpers allocates $2.5 billion to two large private debt managers
Pension giant Calpers has revealed $2.5 billion allocations to two private debt managers

PennantPark prints this week's second new middle market CLO
Issuance for middle market CLOs by deal count for the week overtook figures for broadly syndicated CLOs on Thursday after PennantPark Investment Advisers priced a new $297.8 million transaction

Mid market CLO triple A spreads at 255bp after AB prices
AllianceBernstein priced a new middle market CLO named ABPCI Direct Lending Fund CLO XII on Wednesday, with the deal's triple A notes scoring a Sofr plus 255 basis point print

Adams Street targets $4.5 billion for third private credit strategy
Kentucky Public Pensions Authority is planning a re-up to the vehicle, according to a recent investor presentation

Angelo Gordon wraps up fundraising for $1.3 billion credit dislocation fund
AG CSF2A (Annex) Dislocation Fund is an extension of the AG Credit Solutions Fund II, which held a $3.1 billion final close in April last year.

Mid market CLO league tables: February volumes exceed any 2022 month with Natixis setting the pace
New mid market CLO issuance totalled $3.5 billion in February, the highest monthly volume since November 2021

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

Oaktree targets $10 billion for LBO financing strategy
The launch of the firm's large-cap sponsor-backed private credit strategy follows banks retreating from the LBO space and a more compelling risk-adjusted return than other sectors in the market

Proskaeur hires CFO specialist from SocGen
Proskauer has announced the appointment of Matthew Kerfoot as partner in its finance group in New York

Crescent amasses $8 billion investable capital for eighth credit solutions fund
The fund had an original $4 billion target, according to Debtwire Funds Data

More than $1 billion new mid market CLOs print from Angelo Gordon and Cerberus
Angelo Gordon and Cerberus Business Finance each priced a new middle market CLO on Friday, with the two deals totalling over $1 billion in new issue volume

Bain reveals $4bn of direct lending investments in 2023
Bain Capital Credit says it invested $4 billion in private equity-sponsored, middle-market companies last year.

First Eagle promotes four across syndicated loans and direct lending
First Eagle Alternative Credit has promoted four officials to senior-level roles across its direct lending and syndicated loans businesses

Bain launches non-traded BDC
Bain Capital Credit says it has launched a non-traded business development company known as Bain Capital Private Credit, or BCPC

Recurring revenue ABS: meet the latest CLO variant
A new asset class is being added to Creditflux’s middle market CLO league tables with an increasing number of firms moving into recurring revenue ABS

Blue Owl lands with low-levered, mid-market CLO
Blue Owl Capital has priced a middle market CLO which conforms to its usual low-levered template.