LGIM hires new head of direct credit investment in London
UK insurer Legal & General Investment Management hires direct debt head from US rival 

Ares and GE Capital team up to provide loan for UK software firm
UK private equity firm's buyout of UK software firm taps Ares and GE Capital's one-stop shop 

Manager eyes growth in real estate after CLO and distressed fund raise
A credit firm has raised $3.6 billion of capital across its credit business and more fund raising is on the agenda

Alcentra wins $127 million mandate and finds the only way is Essex
Alcentra has emerged as the winning candidate in the race to land an £80 million ($127 million) mandate to manage illiquid credit

Pension fund puts another $60 million into Asian direct lending strategy
An Asia-focused direct lending fund that has attracted interest from scores of institutional investors, has netted a repeat investment from one of its clients after delivering 10% capital appreciation

European regulators move on direct lending
Ireland and Luxembourg make it easier for managers to set up direct lending funds

KKR plans credit push with a series of second generation funds
Private equity giant KKR is making a big push in credit with a series of fund launches on the agenda

New England pension fund targets direct lending strategies
A Massachusetts pension fund has released an RFP as it seeks aditional exposure to direct lending having already mandated Monroe Capital

Structured fund allocates to Crescent's European mid-market venture
Crescent Capital's new middle-market European loan fund has received a €7.5 million allocation from a large structured credit investment vehicle

Alcentra adds private equity specialist to BDC in New York
BNY Mellon-owned direct lending and credit outfit adds private equity specialist

New manager plans to scale heights of direct lending
A group of experienced leveraged finance specialists has teamed up to launch the latest asset manager focusing on direct lending in Europe

TCW raises funds for direct lending strategy
Asset manager plans closed-end fund for its newly acquired direct lending strategy

Leverage creeps into European direct lending
Banks offer up to half a turn of leverage

German funds push for law change to allow direct lending
Direct lending is booming in much of Europe and German managers want to join the party

US credit manager wins huge $707 million mandate for direct lending
A large CLO manager has won a huge $707 million allocation from a $41 billion pension fund as it bids to build a direct lending and middle-market credit business

Manager hires from Medley as it seeks to grow mid-market unit
CLOs are out and middle-market lending is in - that's the business plan for a large asset manager

Speaker cautions on direct lending fund returns
Pension funds and other investors are putting money into direct lending funds based on unrealistic expectations about their likely returns