Golub issues 2021's third-largest middle market CLO
Golub Capital Partners has issued the third-largest middle market CLO of 2021 to date

Antares hires experienced investor relations official from Barings
Antares Capital has hired a head of investor coverage in asset management

"I’ve been doing ESG for 27 years; I just didn’t know it"
Apollo's Joe Mornoey takes our credit quiz

Diversity database shines light on credit firms not stepping up
Private credit managers are significantly lagging behind their industry counterparts when it comes to hiring under-represented groups, including front office, distribution and investment committee roles, according to data from Diversity­Metrics, a new data-driven platform launched by executive search firm Jensen Partners

Past returns: Mid market CLOs move into light
Ten years ago in Creditflux, we reported that S&P was reducing shadow ratings after it notified CLO managers it would not assign such ratings to companies with more than $499 million of outstanding debt

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

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

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

PennantPark closes levered sleeve of private credit fund at $460 million
PennantPark Investment Advisers has closed the levered sleeve of its fifth comingled fund, PennantPark Senior Credit Fund Levered. Its unlevered sleeve, PennantPark Senior Credit Fund, is due to hold a final close in December

KSL amasses $753 million for fourth travel and leisure credit fund
 KSL Capital Partners Credit Opportunities Fund III had an initial $675 million target and fundraising took ‘less than a year’

KKR adds two senior private credit hires as it eyes new receivables and inventory financing strategy
KKR has added a former Credit Suisse and Sound Point Capital official to its private asset-based finance team 

Barings completes first middle market CLO since 2019
Barings has issued its first CLO backed by middle market loans since October 2019

Sound Point looks to amplify mid-market offerings with BDC and CLOs
Sound Point Capital Management expanded into mid-market lending earlier this month with the acquisition of CVC Credit Partners’ US direct lending arm, and the firm has big ambitions to expand the business

HarbourVest nears $600 million final close on US direct lending fund
HarbourVest Direct Lending Fund will invest in US private equity-sponsored mid-market companies with ebitda between $10 million and $150 million

Siguler Guff retains nearly 90% for second $450 million opportunistic credit fund
Siguler Guff has closed its second credit fund, Small Business Credit Opportunity Fund II, at $450 million

Cerberus prints lesser-spotted CLO reissue
Cerberus Loan Management priced a rare CLO reissue on Wednesday in just the fourth deal of this flavour of transaction to print in 2021

Marathon targets $300 million for inaugural healthcare credit fund
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans

Wisconsin pension seeks evergreen private credit fund
The Employees’ Retirement System of Milwaukee County is on the hunt for private credit fund managers

Golub near-doubles size of CLO that left reinvestment last year with late reset
Golub Capital Partners teamed up with GreensLedge on Friday to reset a middle market CLO, Golub 33(M)-R2, almost doubling the size of the transaction

Stepstone wins €215 million private debt mandate from Italian pensions
A consortium of Italian DC pension funds have allocated the capital to a private debt fund of funds under the name Project Zefiro

Update: Kayne to split from CLO and credit opps units
Kayne Anderson is set to spin out its CLO business

Audax brings CLO haul to $2 billion with largest deal so far
Audax Management Company issued a fifth middle market CLO on Thursday, bringing its deals under management to $2 billion

Unusual double As jump tighter as BMO keeps it in-house again with CLO refi
BMO has refinanced a CLO for BMO that resulted in junior double As moving much tighter relative to senior double As 

HSBC AM names CEO of new $53bn alternatives business
HSBC Asset Management has become the latest manager to bring together its ‘alternatives’ capabilities under one roof, with the launch of a new unit, HSBC Alternatives

Antares prints largest new issue CLO for four months
Antares Capital priced the fourth largest new CLO of 2021 on Tuesday with the $806 million Antares CLO 2021-1