Massachusetts pension seeks direct lender for $20 million allocation
Plymouth County Retirement Association is seeking proposals from direct lenders focusing on sponsor-backed senior loans to middle market North American companies

Mid market CLO sales explode with BlackRock, Churchill and Monroe printing deals
Middle market CLO sales flared on Friday, with managers pricing three deals worth a combined $1.2 billion

Antares upsizes billion-dollar CLO in third-largest primary transaction of 2022
Antares Capital reset its 2018-2 CLO via Deutsche Bank on Thursday, in the third-largest primary market transaction of the year at $1.06 billion

Northleaf hires to private credit team in Chicago
Northleaf Capital Partners has hired an associate within the firm’s private credit team

Benefit Street hires managing director to lead software and tech private debt origination
Benefit Street Partners has hired a former AB official as managing director to lead the firm’s software and technology private debt origination

Brightwood expands risk and underwriting teams with two hires
Brightwood Capital Advisors has made two fresh hires to its risk and underwriting departments

Deerpath senior CLO tranche reaches 195bp to shed light on mid-market pricing
Deerpath Capital Management has revealed mid-market CLO pricing levels in the primary market after disclosing discount margins on its new issue, which priced on Monday 

AB upsizes 2019 mid market CLO by $48 million with reset
AB has reset its 2019 middle market CLO named ABPCI Direct Lending Fund CLO VI, upsizing the deal by $47.4 million including $7.72 million new equity

Stellus to use tech to connect with wealth advisors for direct lending expansion
Direct lender Stellus Capital Management says it has formed a partnership with ICapital, a fintech platform

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

StepStone sets out new path with Mexican securitisation
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow.

"Strong growth is not necessary for good loan or bond performance, but it keeps a recession at bay"
The picture in credit was looking good (even with inflation rising) until Russia invaded Ukraine

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

GoldenTree sprouts up in North Carolina
GoldenTree Asset Management has opened a new office in Charlotte

Trade finance specialist sentenced to 12 years in prison for CLO and fund fraud
David Hu, the former chief investment officer of International Investment Group, has been sentenced to 12 years in prison for his role in running a “Ponzi-like scheme”, which included using a CLO to create fraudulent loans.  

CapitalSpring rustles up $950 million food-focused direct lending fund
At closing time, CapitalSpring's direct lending fund has exceeded its target

Boston has more than a feeling for private credit as pension issues RFP
Boston Retirement System is seeking private credit managers to manage around $60 million

Mid market CLO league tables: $1.1 billion Golub deal shuffles the pack
Mid market CLO issuance slowed last month amid market volatility with just one new issue and two resets pricing in March, worth a combined $1.9 billion

Carlyle hits $4.6 billion hard cap on second global credit opps fund
With leverage, Carlyle Credit Opportunities Fund II has around $6 billion of capital to deploy

Thoma Bravo closes software and tech credit fund with $3.3 billion to deploy
SEC filings reveal the vehicle had an original $1 billion target 

Cerberus shows CLO price movement with first new mid market deal of 2022
Cerberus Loan Management on Friday priced its first new middle market CLO of the year

Golub mid-market CLO upsizes to over $1 billion after reset
SMBC Nikko has reset a middle market CLO for Golub Capital Partners, taking the deal size up beyond $1 billion in the process, sources say

MidOcean announces promotions in credit business
Two portfolio managers are among those to earn promotion at MidOcean Partners 

Owl Rock doubles size of 2020 mid market CLO with reset
Owl Rock Capital has more than doubled the size of its late 2020 CLO named Owl Rock CLO V after resetting the deal on Monday,

Chicago pension seeks private credit manager
Direct lending, structured credit, distressed/special situations, specialty finance, and multi-strategy funds will be considered