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.

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

Distressed manager wins $15 million from pension fund for new strategy
Having just launched its fourth fund, a Toronto-based manager has made a rapid return to the market with fund five

BNP Paribas grows its distressed debt and loans team in London
French lender BNP Paribas has been growing its distressed debt and loan trading capabilities in London according to sources close to the matter.

US pension fund backs Cerberus as part of $750 million credit push
A US investor has allocated large sums to two credit managers for distressed debt and direct lending strategies 

US pension fund hires a second manager for mid-market strategy
A US pension fund is pushing into a niche are of credit, having allocated to two new funds which target distressed mid-market companies

Venor earns $100 million for new middle-market distressed fund
Distressed debt manager Venor Capital has earned a $100 million commitment for its upcoming credit fund.

West coast pension backs Oaktree with $600 million for distressed debt
One of Oaktree Capital Management's most valued clients has backed the manager's upcoming distressed debt strategy

LA pensions give their blessing to start-up firm's distressed debt fund
Investors based in the city of angels have given their blessing to a start-up manager's debut credit fund. 

Octagon launches its first fund to target distressed and structured credit
Long-time CLO manager Octagon Credit Investors has this month diversified its business by launching a new commingled credit fund.