Portfolio financiers thrive as private equity funds fret
Funds that lend to private equity vehicles showed their worth in the fourth quarter as valuations across credit and equity took a hit

Alaska pension commits $545 million to seven credit funds
Alaska Permanent Fund Corporation has earmarked $545 million to funds across the credit spectrum across Q2, according to 27 February board documentation

Crestline holds $800 million final close for US direct lending fund
The fund is thought to target an 11-13% net internal rate of return, employing up to 1.5x leverage

Crestline holds $600 million final close for PE-focused financing fund
The new fund will provide financing to private equity funds post their investment period, allowing them to provide follow-on growth capital to portfolio companies or additional liquidity 

Barclays prices new issue CLO for Illinois-based manager
Barclays’ CLO desk has won itself a new client, teaming up with an Illinois-based manager for the first time

Voya prices new CLO to highlight demand for new issues over resets
Natixis has priced its second CLO in as many working days with the bank following up Friday’s reset of Denali Capital CLO XI with a new issue transaction yesterday named Voya 2018-3

Crestline nears final close for US direct lending vehicle with $680 million
Fort Worth-based Crestline Investors has gained strong investor appetite for its second US direct lending fund - Crestline Specialty Lending II

Crestline Denali announces new structure following CEO departure
Crestline Denali has announced its new organisational structure, following the retirement of its chief executive officer David Killion

Arizona pension fund looks to commit up to $250 million to direct lending
Arizona Public Safety Retirement System (Psprs) is considering investing up to $250 million in direct lending, according to investment board documentation dated 31 January

Illinois CLO manager prices new issue deal via BNP Paribas
The manager priced its first CLO transaction of the year yesterday

Crestline targets up to $500 million for new portfolio financing fund
Credit specialist Crestline Investors is launching a new fund to provide financing solutions to mature private equity funds, according to documents seen by Creditflux

US manager markets new $410 million CLO after hiring BNP Paribas
A manager is planning to return to the CLO new issue market for the first time since April 2017

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

Crestline confirms dual-compliant status of new US CLO
Crestline Investors has confirmed that its new 2017 CLO is a dual-compliant deal after announcing yesterday that the deal had closed

Manager achieves 130bp triple-A print as it prices dual-compliant CLO
A US manager has priced its first CLO of the year, in a $409 million dual-compliant deal

Crestline Denali prices risk retention compliant $361 million CLO
Crestline Denali Capital has priced its second CLO of the year, in a dual-compliant $361 million deal

Crestline Denali gears up for second dual-compliant CLO of 2016
Crestline Denali Capital is in the market with its second US CLO of the year, according to market sources

Equity investor earns manager support as it aims to call legacy Denali CLO
An equity investor in Crestline Denali Capital’s 2006 vintage CLO, Denali Capital CLO VI, is attempting to call the deal, according to an investor notice seen by Creditflux

Two CLO managers seek investor approval for Volcker amendments
Nearly nine months after the Volcker rule came into force, CLO managers are still attempting to amend their deals to bring them into compliance with the regulations.

Crestline Denali prices dual-compliant CLO after scrapping single-Bs
Crestline Denali Capital has added its name to the growing list of managers to complete a CLO in 2016, pricing a $359 million risk retention-compliant offering late last week