Houlihan Lokey launches quarterly private credit index
Houlihan Lokey says it has launched a quarterly private credit index, which aims to increase visibility in private credit loans and inform investors’ views of market dynamics and help them make more better decisions

American Equity mandates $1 billion to Monroe for software and tech lending
American Equity Investment Life has awarded $1 billion to Monroe Capital for its technology lending platform focusing on middle market software, technology and recurring revenue

Guggenheim prints first new CLO in 18 months
Guggenheim Investments on Thursday issued its first new CLO in over 18 months

Supply chain crisis hits credit amid shift to physical products
Credit investors are bracing for choppy waters as the supply chain crisis makes itself felt on company balance sheets heading into the year end

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

Niche credit funds make mid-market flexibility count
Funds that have the flexibility to invest in mid-cap debt issuers prospered in September, amid the usual swarm of outperforming CLO funds

Points up front: HPS gives it 200%
One of the biggest fundraisers this year in credit is HPS Investment Partners. Its $11.7 billion Specialty Loan Fund V totals $15.4 billion including leverage

Most investors still behind target with sustainability and impact investing, survey finds
72% of global investors plan to increase their allocation targets to sustainability and impact investing. That is according to a limited partner survey by private markets firm HarbourVest Partners HarbourVest’s 2021 ESG, Sustainability, and Impact Investing Survey of LPs

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Alcentra appoints liquid credit PM as head of responsible investing
Alcentra has built out a dedicated responsible investing team and has appointed its liquid credit portfolio manager to the newly created role of head of responsible investing

Bennett Goodman's Hunter Point buys stake in MidOcean
Hunter Point, which was launched by Blackstone Credit’s co-founder Bennett Goodman alongside Avi Kalichstein in 2020, has made its first investment and bought a minority stake in mid-market specialist MidOcean

Eagle Point hits $300 million hard cap on BDC-lending fund
Eagle Point Credit Management says it has held a $300 million final close on its Defensive Income Fund, hitting its hard cap and exceeding its original $250 million target

Brookfield hires industry veteran as public securities CIO
Brookfield Asset Management has hired a long-serving credit and equity market professional as chief investment officer for its public securities group

New York pension favours credit as it pumps $1.1 billion into tech, loans and distressed
New York State Common Retirement Fund has splurged over $1 billion in credit, topping allocations it made in equities and real estate

UK pension readies £1.3 billion listed alternatives fund
The fund will provide liquid access to infrastructure, specialist real estate, private equity and alternative credit

Antares wins $500 million US direct lending mandate
The Investment Management Corporation of Ontario has invested $500 million in a US direct lending mandate with Antares Capital, as part of its push to nearly double its global credit assets under management by 2025

Capital One scores first solo CLO arranging credit for Brightwood Capital
Captial One Securities has priced its first CLO as sole placement agent by arranging a middle market deal for Brightwood Advisors

Ex-KKR US private credit head joins Sagard as it launches sponsorless credit fund
Sagard Credit Partners has launched a new senior loans fund and hired KKR's ex-head of US private credit to lead the charge

New Mountain closes US direct lending with $2 billion to deploy
New Mountain Capital has closed its latest US direct lending fund, New Mountain Guardian III BDC, at $1.15 billion

White Oak deploys 80% of new $1.3 billion non-sponsored direct lending fund
White Oak Global Advisors has closed its latest direct lending fund, White Oak Yield Spectrum Fund V, at over $1.3 billion and recieved a further $1 billion for asset-based lending

Credit Rendezvous: Credit spins full circle
The third quarter was massive in terms of volumes with CLOs, high yield, leverage loans and private equity registering record issuance. But credit spreads were up and down as inflation fears, crackdowns in China and rising coronavirus cases became catalysts for risk-off sentiment in July and September

BofA CLO trader departs after 16 years to join US pension giant
Former Bank of America CLO trader has left the bank after 16 years to move to the buy side

Monroe promotes PM as CEO Koenig drops president title
Monroe Capital has promoted a partner and portfolio manager to president. Ted Koenig remains the firm’s chairman and CEO

Ares closes $5.1 billion junior US direct lending fund as deployment hits 20%
Ares Management has collected $5.1 billion for its second junior US direct lending fund, Ares Private Credit Solutions II