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

Private equity firm raises $54 million in three months for credit fund
New York-based Siguler & Guff’s small business credit fund has raised almost $54 million in just three months, according to regulatory filings

Catholic fraternity puts its faith in Audax for private debt partnership
New York-based Audax Management Company and New Haven-based Knights of Columbus Asset Advisors have partnered together on a private debt fund that has raised almost $123 million in a year

Adams Street adds Ares private credit specialist to its New York office
Adams Street Partners has expanded its private credit team with the addition of former Ares Management official Justin Lawrence.

Riverside seeks $350 million for new fund within recently launched credit arm
Global private equity firm The Riverside Company is looking to raise up to $350 million for a new credit fund

AB steps up fundraising for BDC
AB is raising funds for its AB Private Credit Investors Corp, previously known as AB Private Credit Corp, filings show

Austin-based manager announces six hires as part of continued credit push
Austin-based Peak Rock Capital has announced six new hires, including several senior personnel who appeared to have relocated for the opportunity

Neuberger keeps up private credit momentum as it markets new fund
Neuberger Berman is marketing its latest private credit strategy, with the firm launching Neuerger Berman Private Debt Fund III

Golub becomes CLO manager with most mid-market issuance for 2017
Golub has priced its fourth middle-market CLO transaction of the year, teaming up with Wells Fargo to arrange a reset of a 2014-vintage deal

Direct lender makes senior hire to co-lead originations
West coast manager White Oak Global Advisors has hired a new managing director and co-head of originations

Kentucky pension funds invest $150 million in two US managers
Kentucky Retirement Systems has agreed to invest $150 million in private credit assets with two US asset managers, and has hired a new consultant to advise on asset allocation

Twin Brook ramps up direct lending fund with $198.5 million loans
Twin Brook Capital Partners has put just shy of $200 million of direct lending capital to work, extended loans to two mid-sized US businesses

Mid-market CLO issuance crosses $10 billion as Madison prices reset
Madison Capital Funding priced a reset of a 2014 middle-market CLO this week, according to market sources

US pension fund eyes private credit and increases credit allocation by 2%
A Pennsylvania pension fund is expected to up its target credit allocation and decreased its target allocations to private markets and real estate

Whitehorse expands mid-market team with hire from THL
Whitehorse Capital, the credit arm of HIG Capital, has added to its direct lending team by hiring a Los Angeles-based principal from THL Credit

Golub adds loan to insurance broker Epic
Golub Capital has backed Oak Hill Capital’s recent purchase of a stake in Epic Insurance Brokers & Consultants

Texas PE firm seeks $225 million as it launches its first-ever credit fund
Texas-based private equity firm The Sterling Group is seeking to raise funds for its first-ever credit vehicle

Carlyle taps former Davidson Kempner credit specialist as managing director
Carlyle Group has hired a new managing director on its credit opportunities team

Monroe sees to it that endoscope specialist obtains $26 million loan
Middle-market direct lending firm Monroe Capital has acted as sole arranger and administrative agent on the funding of a $26.3 million senior credit facility