Alcentra teams with Steadfast for $3 billion global mid-market strategy
Steadfast Capital Markets Group and Alcentra have announced the launch of a new credit fund, which will lend to companies in the US and western Europe

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

After high yields? Then understand the higher risks
Direct lenders with higher yield targets must be aware of the different risk profiles involved

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

US pension grants $200 million to private credit
A west coast pension fund plans to increase more than five-fold its exposure to US direct lending

Alcentra and reit specialist Steadfast team up for fund
Alcentra has launched a new retail fund in the US to invest in mid-market credit

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

Japanese bank rides refinancing wave with mid-market CLO push
A key CLO investor is buying middle-market CLO paper for the first time after purchasing $1.2 billion of senior notes in a recent deal

Twin Brook emerges as backer of three new acquisition loans
Details have emerged of three new loan investments by Twin Brook Capital Partners, Angelo Gordon’s mid-market credit specialist, as it continues to ramp up its latest fund

Pension fund decides against direct lending allocation - for now
West coast pension fund bides its time as it looks for more information on direct lnding before committing

US pension fund’s private credit search leads it to Alcentra
The pension fund for a major US city has chosen to invest in a fund managed by Alcentra after carrying out its first search for a private credit manager

Angelo Gordon's Twin Brook adds mid-market loans in health care
Angelo Gordon’s Twin Brook mid market unit has recently added new debt investments in the health care sector, it is understood

Fifth Street looks to quit CLO management as it winds down credit hedge fund
Fifth Street Asset Management is streamlining its business and its three middle-market CLOs and credit hedge fund will be cut as part of this process

Apollo subsidiary prices $1.2 billion mid-market CLO
While the field of middle-market CLO managers is relatively small, newcomers to this business have been able to successfully raise large amounts of capital with Midcap Financial Services Capital Management the latest to produe a $1 billion-plus CLO

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

Onex eyes CLO resets as seasoned 2.0s reach reinvestment end
Onex Corporation held its earnings call last week, during which officials at the firm underlined the importance of resetting seasoned US CLOs into new structures

Manulife’s Hancock adds six to fast-growing mid-market team
Manulife unit Hancock Capital Management has announced six further hires for its leveraged loan team in Chicago

Wells Fargo adds step-up tranche as it prices mid-market CLO
Wells Fargo has priced a $300 million CLO which features a step-up tranche that activates after two years

Direct lending hopeful Advent appoints chief of staff
$9 billion asset manager Advent has brought in a chief of staff and strategy

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Hercules backs off from contract switch amid investor revolt
Hercules Capital has cancelled a planned shareholder meeting in which it was seeking approval for a controversial switch from internal to external management