Pension fund backs Apollo with $200 million for new European credit fund
Apollo Global Management is looking to raise around $3.5 billion for a new credit fund which will look to purchase non-core assets off the books of European banks

Bluebay analyst joins distressed debt manager in London
London-based distressed debt manager picks up former BlueBay analyst  

Experienced credit analyst leaves Bain's distressed team in London
Bain has been one of the most active asset managers in the distressed credit space in recent years, but sources say that it has suffered  a setback with an experienced credit analyst said to have left in recent weeks

Ellington builds up in distressed after hiring portfolio manager from hedge fund
Ellington Management is enhancing its distressed credit team with sources informing Creditflux that the Greenwich-based fund manager has recruited another portfolio manager

European credit hedge fund shuts down after bank slashes credit exposure
Market sources say that a European credit hedge fund manager backed by National Australia Bank has closed down

US endowment fund backs Coliseum for distressed debt play
Coliseum Capital Management has earned the support of a large endowment fund for its new distressed debt fund

Former Angelo Gordon CLO PM launches new distressed fund
A high profile credit portfolio manager has raised a fund for his newly-launched management company in New York

Dallas-based distressed fund hires as it looks to raise assets
Business development specialist joins Dallas-based fund in asset-raising push 

Pimco casts an eye on mid-market loans for new $1 billion credit fund
Fresh details have emerged on a new corporate credit fund being launched by Pimco, which sources say could reach $1 billion.

Surety bonds: distressed traders’ secret weapons
Hedge funds have a little-known way to get exposure to distressed credit. But, trading isn’t straightforward  

Hildene lines up buyer for CLO management business
Stamford-based credit manager Hildene Capital Management is on the verge of selling its CLO management business, according to well-placed sources

Calpers supports two managers with $350 million for new strategies
One of the largest pension funds globally has hired two managers that are developing new credit-themed strategies

Former UBS big hitter steps backs from role at Sound Point
A credit industry veteran, who served as a leading figure at UBS, has parted company with New York-based Sound Point Capital Management where he was a portfolio manager

High yield and distressed debt specialists leave Nomura in New York
Three high profile figures have left Nomura's US high yield and distressed debt group over the last few days, according to sources close to the situation.

Manager targets $1.5 billion for upcoming special situations fund
A firm which was founded by officials that previously held senior roles at Apollo, KKR and the Ontario Teachers' Pension Plan, is planning its second distressed fund

Leading distressed debt manager strengthens with Mount Kellett hires
A global credit giant has hired from firm which recently linked up with Fortress

Large distressed debt manager earns US pension support for new fund
A New York-based distressed specialist has earnt $100 million for a new special opportinities credit fund