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

Direct lending growth spurs Ares's AUM above $100 billion
Yet again credit and, more specifically, direct lending is proving to be the driving force behind Ares Management’s growth

Carlyle raises $1 billion for credit opps and structured credit funds
Carlyle Group’s has reiterated over the last several months that it sees huge potential in the credit market, and it is now experiencing joy on the fundraising trail

Former co-head of Rothschild Asset Management to run new Alcentra fund
The new credit interval fund run by Alcentra will be led by Michael Tamasco, according to an announcement.

French bank sees strong interest in blind pool financing from US funds
Natixis is said to be making big inroads into the US mid-market loan-funding business by providing leverage to fund managers on a “blind pool” basis.

Monroe moves into special situations credit after hiring from Melody
US middle-market lender Monroe Capital is expanding into special situations credit

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

Creditflux parent rebrands as Acuris
Creditflux’s parent company gained a new name last month, with Mergermarket Group relaunching as Acuris

Points up front: the biggest leaving do of the year
Key players from across the CLO industry gathered to bid farewell to Alcentra’s Hiram Hamilton, who is swapping London for New York. 

They said it: No sympathy for managers
How many yatchs is enough for a credit portfolio manager?

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

Angelo Gordon’s TwinBrook adds two more health care loans
US mid-market lending manager TwinBrook Capital Partners has added two further health care loans recently

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

Oaktree finds space for structured credit in new global credit fund
Oaktree Capital Management has shed some light on its eagerly-awaited push into the structured credit market

KKR Credit's upcoming direct lending fund surpasses $600 million
Fundraising for direct lending strategies is firmly on the agenda at KKR