ING shuffles the pack as US loans veteran takes on new role in London
It’s all change over at ING with several of the bank’s senior loan specialists embarking on major relocations

Investec hires to its UK mid-market lending team
James Goût has joined Investec’s middle-market lending team in London after leaving Barclays

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

Structured credit specialist joins Danish pension fund as its CIO
A Copenhagen-based institution has brought in a structured credit pro fro Sampension to oversee its investment portfolio. Going forward, illiquid credit, including commercial real estate debt, is expected to feature more prominently in the pension fund's portfolio

Debtwire euro ABS round-up: Dutch RMBS takes centre stage in primary
All eyes are on a Dutch RMBS, which is the lone transaction in the immediate pipeline in the European ABS market this week

Head of credit earns promotion in reshuffle at Kames
Head of credit Stephen Snowdon and senior fixed income specialist Adrian Hull have been promoted to co-heads of fixed income at Kames Capital

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

Debtwire European ABS round-up: Dutch RMBS enters pipeline
The primary market for European ABS transactions has slowed down with one visible deal in the pipeline – Elan’s Dutch RMBS, EDML 2017-1

Natixis looks to strengthen euro CLO platform as head of origination departs
The head of European CLOs and loan fund financing at Natixis is stepping away from the industry. But this has not deterred Natixis, which is implementing plans for growth in CLOs

KKR slashes cost of debt by 46bp following latest European CLO reset
The €419.5 million deal was arranged by Goldman Sachs, and cut the cost of debt to 161bp according to market sources

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

Macquarie hire signals push into European credit fund financing
Macquarie has signalled a push into credit fund financing in Europe by hiring a senior official involved in this activity 

Bain buys Italian loan book to make it 17 NPL portfolio acquisitions
Bain Capital Credit’s European team has now invested over €2.2 billion in non-performing loan portfolio acquisitions since 2011

CLO round-up: it's a good time to be a debut manager
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013

Tennenbaum CLO suggests increasing demand for mid-market deals
Middle-market CLO spreads have taken a giant step tighter following Tennenbaum Capital Partners' $350.85 million CLO

Barclays arranges New York-based manager’s second European CLO
Barclays priced its sixth new CLO in Europe this year yesterday

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.

Reg cap trades spawn a secondary market, but not as we know it
It’s small, and at its early stages, but a secondary market is emerging for risk transfer deals

Help us to re-write the Volcker rule, says US bank regulator
OCC gives first indication that regulators may be willing to exclude CLOs from the definition of “covered funds”

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

After 10 years away, Permira makes plans for return to CLO management
PDM is best known as a direct lender and investor in CLO tranches – but its first foray into credit was as a CLO manager. The firm is now reviving that business. 

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

German fund manager launches CLO Ucits fund
A firn with over €1 billion invested in European CLOs has launched a new fund to invest in senior tranches 

Apollo notches up 100% CLO refi/reset record
It’s not easy being a large CLO manager and staying on top of the refi-reset market, but Apollo has managed to do just that