Bain Capital raises $557 million for Asia credit fund
Bain Capital has held the first close of its Asia credit fund, known as Bain Capital Special Situations Asia – and has already raised $557 million for the fund

Pension funds shake up portfolios to make room for direct lending
Pension funds globally are scrambling to make space for direct lending loans within their portfolios

Texas pension fund plans to expand into opportunistic credit
Public pension plans to introduce a 2-3% allocation to opportunistic credit as it eyes new credit classes

Golub wins first mandate as US pension fund seeks private credit managers
Nebraska's Police & Fire Pension Investment Board has decided to increase the fund's overall private credit allocation from 0% to 5%

Pension funds eye managed accounts
A growing number of US pension funds are opting to build on their direct lending exposure by requesting managed accounts

Direct lender Twin Brook adds loan to bath products maker
Twin Brook Capital recently added new loan as it continues to ramp up its recently raised direct lending fund

BC Partners makes rapid progress as it closes in on new credit fund and SMA
Market sources say that BC Partners is making a swift entry into the credit markets with the private equity firm close to raising $700 million

Arizona retirement trust ups its private debt allocation by $75 million
The Arizona Public Safety Personnel Retirement System (PSPRS) is set to up its private debt allocation, committing up to $75 million to a New York-based manager.

GS Mezzanine Partners raises $725 million in three weeks  
GS Mezzanine Partners, the lending arm of Goldman Sachs, has collected at least $725 million for its new fund, GS Mezzanine Partners VII

PineBridge brings in BDCA team to start a new direct lending business
PineBridge Investments has hired a three-person team to launch a new direct lending business in New York

Guggenheim to take over $400 million mid-market credit fund
Guggenheim will take over as Interim Investment Advisor to the fund on 11 September. The fund’s board of trustees is currently seeking shareholder approval for Guggenheim to become the permanent advisor after that.

Harvest BDC lowers its cost of finance with bond issuance
New York-based Harvest Capital Credit has launched a new public bond offering that is expected to close today

Twin Brook stretches out loan to physical therapy chain
Twin Brook Capital, the mid-market debt manager owned by Angelo Gordon, has upped its lending to a chain of physical therapy (physiotherapy) facilities

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

New England pension to invest $100 million in new Tennenbaum fund
The Maine Public Employees Retirement System (MainePERS) plans to invest up to $100 million in the upcoming Tennenbaum direct lending fund

Steadfast-Alcentra fund commences operations and plans new share offerings
A new Steadfast credit fund managed by Alcentra has admitted its first shareholders and is seeking to expand its share class offerings, filings show.

Thoma Bravo adds partner to signal push into private credit
A US middle-market lending specialist who has helped one PE firm establish a credit management business is looking to do it again, this time at Thoma Bravo

New Ares strategy points to euro direct lending SMA with US pension fund
Ares Management has registered a vehicle known as Ares European Credit Strategies VII, in what is believed to be a separately managed account geared towards direct lending

Houston-based PE firm joins the credit revolution as it markets new fund
The credit market continues to attract private equity firms with a Houston-based firm understood to be the latest buy-out specialist trying its hand at credit management

Medley adds managing director to its fundraising team
A marketing official who previously worked at Oak Hill Advisors has landed at Medley Management’s San Francisco offices

Mid-market CLO round-up: spreads reach tightest levels of 2017
Golub, Madison Capital and MidCap price mid-market CLOs as triple A spreads keep drifting lower

Twin Brook follows up new direct lending fund by bringing in portfolio manager
Portfolio manager Timothy Schifer has left Madison Capital Funding to join Angelo Gordon’s middle-market lending team, which recently closed its second direct lending fund

Apollo subsidiary prices its third mid-market CLO of the year
The manager priced the $353.33 million deal yesterday in a deal arranged by Wells Fargo

Thoma Bravo markets its debut credit fund
Private equity firms continue to be drawn towards opportunities in the credit markets. This time its Thoma Bravo, with the US firm seeking $750 million for a new credit-orientated fund

Direct lender launches new fund as investors acquire a taste for restaurant loans
Institutional investors are hungry for niche direct lending strategies it seems with CapitalSpring announcing that it has raised $725 million for a fund that will invest in the restaurant industry. Creditflux data shows that some of the largest direct lenders have between them raised $9.1 billion in recent months