Pathway closes second private credit fund at $1 billion
Pathway Capital Management has held a final close on its second private credit fund at $1 billion 

Partners nears $100 billion in AUM as CLOs drive private debt growth
Swiss manager Partners Group has reached $94.1 billion in assets under management, with CLOs boosting the firm’s growth, according to its 2019 annual results  

BC Partners seeks $1 billion close for special opportunities fund
BC Partners Advisors is targeting a $1 billion close for its recently launched special opportunities fund, according to documents seen by Creditflux.  

Eaton's private credit co-head departs after 10 years
The co-head of private credit at placement agent Eaton Partners has left to join an all-women investment firm focused on commercial real estate debt 

Louisiana pension to put $125 million into direct lending and fund financing
The Teachers’ Retirement System of Louisiana is set to invest $125 million for two credit funds, according to documents seen by Creditflux  

Golub BDC originates $271 million in bumper Q4
Golub Capital BDC disclosed last week that it had originated $271.1 million in middle-market investment for the quarter ending 31 December 2019

Nuveen merges junior capital arm with Churchill to create $21 billion private markets platform
Nuveen, the asset management arm of TIAA, has combined its junior capital group with its mid-market private credit subsidiary Churchill Asset Management, in a move that will create a $21 billion private markets group

Park Square promotes four after departure of direct lending head
Park Square has announced four promotions to partner, which comes a couple of months after its head of direct lending Howard Sharp parted ways with the firm, as previously reported by Debtwire

Calpers eyes exposure to private debt
California Public Employees Retirement System is looking to introduce private debt to its portfolio, according to documents seen by Creditflux  

'Speciality finance' gains momentum as US investors go deeper into private credit
Institutional investors are continuing to invest in niche, speciality finance strategies - including litigation financing and life sciences - following intense competition and overcrowding in US private credit 

Golub and Wells Fargo open 2020 CLO primary market
Golub Capital Partners has priced the first transaction in the CLO market this year

Citi unveils partnership to offer private credit to retail investors
Citi has unveiled a partnership with US peer-to-peer lender YieldStreet, in a move that will give YieldStreet's retail cleints access to the bank's private credit investments

Global mid market CLO league tables: Golub and Natixis lead by a distance
Golub Capital and Natixis dominated the mid market CLO space in 2019 in the manager and arranger league tables, respectively

US insurer Aflac purchases minority stake in direct lender Varagon
Varagon Capital Partners has sold a non-controlling, minority stake of the firm to Aflac Global Investments, the asset management division of US insurance company Aflac Incorporated

HIG WhiteHorse reaches $1.1 billion final close for direct lending fund
HIG WhiteHorse has announced a final close on its direct lending fund, HIG WhiteHorse Principal Lending Fund

Sound Point creates its first fund geared exclusively to direct lending
Sound Point, which has experience of investing in middle market loans through various funds, has launched its first dedicated speciality lending fund 

PineBridge launches first commingled direct lending fund
Two years after launching its private credit platform, PineBridge Investments closed its inaugural direct lending fund at $396 million, plus a $200 million leverage facility

Golub makes its way into Europe with big direct lending hire in London
Golub Capital has ticked off one of its big targets for 2020 – establishing a European direct lending business – with market sources indicating that the firm has hired a senior official from Guggenheim in London

Private debt takes centre stage as Arizona looks to bolster credit allocation to 25%
Arizona State Retirement System remains bullish on credit with the $41.9 billion institution looking to bolster its entire credit allocations to almost a quarter of the fund - and private debt will take centre stage in the Arizona pension’s growth plans

US pension backs two private debt managers, but retreats from syndicated loans
San Antonio Fire & Police Pension Fund ended 2019 bullish on private debt but shying away from syndicated loans

Texas pension commits $250 million to large US direct lender
Texas County & District Retirement System closed out 2019 with a $250 million allocation to US direct lending

Insurance companies could ramp exposure to CLOs and private credit in 2020
US-based insurers have roughly $7 trillion in assets and a small increase in allocations could have huge implications for the leveraged loan market, CLOs and private credit managers—a dynamic that could unfold in 2020

Värde launches $2.5 billion global credit fund
Värde Partners has raised $2.47 billion for a new global credit fund, according to an announcement today

Mid market deal flow picks up as Antares prices $400 million CLO
Middle market CLO formation has picked up with Antares Capital pricing a $400.8 million yesterday to mark the ninth transaction since the start of November