CIFC hires Carlyle's credit investor relations head
CIFC Asset Management has hired T Michael Johnson as managing director and co-head of business development

Investors tipped to take on key role in growth of CFOs
It’s early days in the renaissance of the market for collateralised fund obligations (CFOs), but market participants are looking forward to how the product will evolve.

Nassau launches CFO backed by fund LP interests
Nassau Alternative Investments has launched its second collateralised fund obligation

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Franklin Templeton and Benefit Street launch credit interval fund
The pair have launched a multi-strategy credit interval fund named Franklin BSP Private Credit Fund, which will invest across US private credit

Credit managers form partnerships as they eye growth
Two credit managers have struck new relationships

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms

Monroe prints second middle market CLO of the year
Monroe Capital Partners priced its first middle market CLO since February on Tuesday, and the largest middle market CLO in four months

Owl Rock prints first middle market CLO of September
Owl Rock Capital is the first manager this month to have issued a middle market CLO, bringing the total volume of mid market deals priced in 2022 to $7.6 billion

TA raises $1.1 billion for fifth debt fund with expanded mandate
TA Associates has closed its TA Debt Fund V with more than $1.1 billion in capital commitments and has expanded its investment mandate across the capital stack

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

Michigan pension pledges over $1 billion to three US credit managers
Michigan Retirement System has pledged just over $1 billion to three credit managers

Alcentra structured credit portfolio manager steps up as primary PM for two funds
Alcentra has promoted the official, with Hiram Hamilton and Suhail Shaikh no longer the primary portfolio managers of BNY Mellon Alcentra Global Multi-Strategy Credit Fund and Hamilton no longer primary portfolio manager of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund 

Senior PM leaves Blackstone to join growing hedge fund
The capital formation head at Blackstone has parted ways with the firm to join another fund manager

Vista hires from Anchorage to lead credit platform investor relations
Vista Equity Partners has appointed Michael Charlton as managing director for capital and partner solutions, responsible for investor relations on the firm's credit platform Vista Credit Partners

Apollo co-founder Harris launches $5 billion firm
Apollo co-founder Josh Harris announced the launch of a new $5 billion asset management firm on Friday named 26North Partners, which will invest across private equity, credit and insurance solutions

MUFG welcomes two senior originators to new US direct lending team
Mitsubishi UFJ Financial Group has made two senior appointments to its new direct lending business

Fidelity Investments prepares inaugural BDC
Fidelity Investments is preparing to launch its inaugural private credit business development company, Fidelity Private Credit Fund

Hamilton Lane wraps up private credit fund above $900 million target
It comes after Hamilton Lane's Q1 2023 earnings call on 2 August with the firm's head of investment solutions Brian Gildea saying the firm held “multiple closes that totalled over $573 million of LP commitments" with "total amount raised to over $890 million"

Sun Life buys 51% stake in US retail distribution specialist
The firm will have exclusive rights to market and promote SLC's alternative products to the US retail market. SLC Management includes Crescent Capital Group,  BentallGreenOak and InfraRed Capital Partners

Macquarie taps former Alcentra official to lead global private credit and asset finance
Macquarie Asset Management has appointed former Alcentra European direct lending head to lead its global private credit and asset finacne business

LP round up: Magnetar and Värde among winners as $3 billion flows to credit
Institutional investors allocated at least $3 billion to credit funds in August

Mid market CLO issuance tops $7 billion with first AB deal of year
Middle market CLO issuance for 2022 surpassed $7 billion on Friday after AB priced its first mid market new issue of 2022 named ABPCI Direct Lending Fund CLO XI

Middle market CLOs facing "unexpected headwinds", says S&P
Middle market CLOs are facing 'unexpected headwinds' as their liability costs rise faster than their asset spreads