Two ArrowMark direct lending MDs take their leave
Direct lending specialists Vipul Shah and Michael Novoseller have left ArrowMark Partners after three years at the firm, Creditflux has learned

Sharp decreases mar THL direct lending BDC's latest financial results
THL Credit has reported a decrease in net assets from operations and net investment income in its newly released financial results, but chief executive Christopher Flynn remains "confident" in the underlying value of the direct lending business

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

Hercules Capital makes mighty push into commercial finance with acquisition
Speciality finance and venture growth firm Hercules Capital has acquired asset-based lender Gibraltar Business Capital in a bid to expand financing options to clients

BC Partners registers BDC to invest in US middle market companies
Pan European buy-out investor BC Partners, Acuris’s parent company, has registered a new BDC under the name of BC Partners Lending Corporation, SEC filings reveal

FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Carlyle’s direct lending BDC hits $2 billion, buoyed by inflows to credit fund
Carlyle’s Group’s direct lending business development company, TCG BDC, has announced a net increase in assets of $27 million for the most recent quarter

Connecticut-based middle market lender names vice president
Balance Point Capital has named Adam Sauerteig as vice president and Grant Groher as senior associate, according to a statement yesterday

Chicago boutique debuts private credit fund
Northern Trust's alternative asset subsidiary 50 South Capital has launched a new private credit fund

Oppenheimer and Carlyle launch global credit fund as part of JV
Carlyle Group and OppenheimerFunds International have filed to register the first fund product of their previously announced joint venture. The vehicle will invest in a wide range of credit products including CLOs, direct lending and opportunistic debt

Real estate lender closes two credit funds with backing of insurance company
RRA Companies, which invests in the US commercial real estate lending space, has revealed first closes for two of its funds that form part of the company’s CRE Credit Platform III

Real estate manager launches $1.5 billion credit fund
Utah-based Bridge Investment Group has launched its third direct lending fund, according to regulatory filings seen by Creditflux

Texas-based credit and real estate manager launches new fund
Hudson Advisors has launched a credit fund, according to regulatory filings seen by Creditflux

Deadline looms for Creditflux's annual Manager Awards
The deadline for this year’s Creditflux Manager Awards is fast approaching as managers across the CLO, credit hedge fund and direct lending industries compete for the eighth consecutive year

Mid market specialist prepares first new issue CLO since September 2016
A manager has teamed up with Natixis to price the second CLO of the year backed by a portfolio of middle-market loans

New York healthcare-focused direct lending boutique unveils new fund
A New York-based boutique is seeking $500 million for its second credit opportunities fund, a direct lending vehicle that has yet to make its first sale

Charlotte direct lender taps former BAML specialist for chief risk officer role
Capitala Group has hired Peter Sherman as chief risk officer, the North Carolina-based direct lender has announced

Antares and Crescent win as Texas pension fund commits to direct lending
The sky is the limit for direct lenders, with Texas County and District Retirement System committing $253 million to that market

Onex investment official earns promotion with move to fund development unit
Long-time Onex employee Tate Abols has been promoted from principal to managing director as part of a new role at the firm

Investors swarm to healthcare direct lending fund led by Locust
New Jersey-based Locust Point Capital has raised about $96 million for a new private credit fund, regulatory filings show

Former Cion and Medley pair raise $75 million for new energy credit fund
New York-based Energy Impact Partners (EIP) has raised $75 million from one investor for its Energy Impact Credit Fund, according to a US SEC filing

Minnesota pension fund looks to commit $535 million to 'private credit'
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux

Toronto manager gives new purpose to fund formerly subadvised by Lazard AM
An energy-focused credit fund has converted into an actively managed open-end fund with exchange-traded fund (ETF) and mutual fund units. Formerly subadvised by Lazard Asset Management, the fund will now be managed by Redwood