Monroe's latest private credit fund reaches first close at $204.8 million
The firm's newly launched Private Credit Fund III is inching closer to its $800 million target

Los Angeles firm takes over Greenwich-based direct lending BDC
Oaktree has taken over management of its newly acquired direct lending unit, which was formerly known as Fifth Street Finance Corp

USS hires private credit investment manager in London
Rob Brindley has joined a firm which has made a name for itself as a finance provider to direct lending funds

Whitehorse makes two hires to its US direct lending team
Officials from Capitala and Super G have joined the Whitehorse stable

New York firm raises $100 million for new direct lending vehicle
A US mezzanine specialist looks like it is dabbling in senior loans having launched a new direct lending fund with $100 million of commitments

Orlando pension fund ups its private debt allocation
The Orlando Police Pension Fund is set to increase its target allocation for private credit by 2%, documents seen by Creditflux reveal

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt

Mid-market lender NewStar agrees to sell itself for more than $500 million
New York-based asset manager First Eagle Investment Management announced this morning that it plans to buy mid-market loan specialist NewStar Financial

OppenheimerFunds and Carlyle team up on new private credit platform
OppenheimerFunds and The Carlyle Group have announced a new joint venture focused on providing high net worth investors and advisors with access to global private credit opportunities.

New York-based private credit firm hires ex-Barings marketing director
Alternative credit manager Crayhill Capital Management has announced the appointment of a new managing director and head of investor relations and marketing

KKR's private credit fund fund targets Hong Kong and now South Korea
KKR has raised $301.1 million for its KKR Private Credit Opportunities Partners II (EEA) LP fund, which appears to be targeting Asia-based investors

HPS wraps up fundraising for specialty loan fund with $4.5 billion of LP capital
New York-based HPS Investment Partners has completed fundraising for its HPS Specialty Loan Fund 2016 - which raised over $4.5 billion of imited partner capital with $6.5 billion of purchasing power, exceeding the initial target of $5 billion

Monroe holds $300 million first close for private credit fund
Chicago-based Monroe Capital has held its first close on its 2017 Monroe Capital Private Credit Fund in the amount of $300 million, a source close to the situation confirms

New Jersey firm launches distressed debt and direct lending fund
New Jersey firm Chatham Asset Management has launched a distressed debt and direct lending fund and has raised at least $106.9 million for it so far, according to regulatory filings

West coast manager raises $600 million for upcoming direct lending fund
Los Angeles-based Crescent Capital has launched a new direct lending product known as Crescent Direct Lending Fund II, which comes in both levered and unlevered forms and appears to have a $1 billion fundraising target

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds

New Jersey pension to invest $200 million with boutique private debt manager
The New Jersey State Investment Council is poised to invest in a private debt fund run by Chatham Asset Management

Griffin shifts BDC assets to credit fund managed by Bain
Griffin Capital Company has shifted assets from its Capital BDC into a closed-end credit fund, dropping Benefit Street Partners as subadvisor to those assets in the process

US managers win South Korean investment
Ares, Audax and KKR are among the cluster of fund managers that have put their hearts and minds into marketing credit funds in Seoul – with great success

THL eyes debut as mid-market CLOs boom
The number of active mid-market CLO managers is about to reach double digits with THL hiring Deutsche Bank to structure its first mid-market CLO 

Credit fundraising hits $11.1bn in September
$11.1 billion was raised for credit-orientated strategies in September, according to Creditflux’s fundraising tracker. Just over half of this ($5.6 billion) comes from direct lending funds

Investors prefer direct lending to CLOs
For the first time in the history of Creditflux’s credit allocator survey, investors have voted direct lending the best investment in credit. CLOs came joint second. By Michelle D’souza

How credit fraud could make a comeback
Easy credit leads inevitably to fraud, whether in consumer credit or corporate lending

East coast pension fund commits $50 million to Carlyle private credit fund
The New Hampshire Retirement System has committed to invest $100 million to Carlyle Group, including $50 million to a private credit fund