Pension fund allocates £40 million to UK direct lending fund
Strathclyde Pension Fund has emerged as one of the investors in a new UK-focused direct lending fund

Cairn's Jackson set to join large asset manager in London
Andrew Jackson has left his post as chief investment officer at Cairn Capital and well-placed sources have told Creditflux that he is due to join a fund manager in London

German bad bank wins huge CLO auction
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning

Investcorp Credit resets its 2013 European CLO
Market sources say that JP Morgan has priced a €321.7 million CLO reset for Investcorp Credit Management

Capital Four targets loans ahead of CLO technical
Copenhagen-based hedge fund manager Capital Four says its credit opportunities fund is shifting further into leveraged loans to take advantage of a strong bid by warehousing CLOs

Pimco takes team-based approach to EM credit after ex-GoldenTree official exits
A senior emerging market official has left Pimco and the firm is now opting to assign fund management duties to four officials based across the US west coast, London and Singapore

Alcentra hires from activist hedge fund for growing CLO investment team
Alcentra has hired an experienced analyst for its CLO investment team, according to well placed sources

Timing of CLO b-wic puzzles market participants
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS

Leopard limps off injured as older euro CLOs lick their wounds
A 2001 deal is in danger of becoming the latest of a handful of European CLOs that have failed to repay principal on their debt

Investors don’t realise they’re buying junior loans, say direct lenders
Investors in direct lending funds are generally not aware that they are often buying junior positions, according to speakers at last month’s Creditflux Direct Lending conference in London

Reg cap volumes mushroom as more banks look to share risk
While direct lending continues to grab headlines, a complementary strategy is continuing to expand

Ex-Lehman pair reunite as NatWest hires corporate credit trading head
Former Lehman duo are reunited in London at RBS's new unit as head of credit and corporate credit trading 

Pension funds line up to finance direct lending in wake of USS deal
Lending to direct lending funds is fast becoming a big business, with institutional investors now looking to take on the role of leverage provider

Points up front: best of frenemies
Delegates at the Creditflux Direct Lending conference in London last month were treated to much acerbic banter between two of Europe’s most experienced mid-market lenders

They said it
No-one wants to stop managers from filling their Bentleys with petrol