Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

Pemberton launches second senior loans fund
Pemberton Asset Management is launching a successor European senior loans fund, having registered Pemberton Senior Loans GP II with Luxembourg regulators in October

BNP Paribas and LFIS join forces on QIS fund
BNP Paribas’ quantitative investment strategies unit has partnered with LFIS Capital for a market neutral fund

Infra specialist makes first SRT investment
An affiliate of Nuveen says it has invested in an SRT for the first time

Fund performance: August provides much-needed relief for CLO funds
.August fund performance 

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Credit hedge funds (October 2022)
Credit hedge fund returns

   

51% of investors plan to increase loan allocation in next 12 months: State Street survey
State Street surveyed 700 global institutional investors  on how they view the fixed income market and how they are allocating amid ongoing market volatility.

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

Euro CLO trader lands at LGT to co-head liquid credit
LGT Capital Partners has hired a former Morgan Stanley European CLO trader as co-head of liquid credit

UniCredit wraps up three synthetic securitisations with EIB backing
UniCredit says it has produced three synthetic securitisations which will free ithe bank up to lend over €5 billion to small and mid-sized enterprises in Italy, Germany and Bulgaria.

Mandatum launches open-ended European leveraged loan fund
Sampo Group and Kaleva Mutual Insurance Company have provided seed capital to the Article 9-aligned vehicle and will additionally co-invest alongside the sub-fund in underlying loans and bonds

ArrowMark fills vacancy in London with SRT hire from sell side
ArrowMark Partners has filled a void in its London office after hiring an SRT specialist from Citi 

LP round up: Magnetar and Värde among winners as $3 billion flows to credit
Institutional investors allocated at least $3 billion to credit funds in August

Carlyle names co-founder as interim CEO as Lee steps down
Carlyle Group’s chief executive officer Kewsong Lee has stepped down from this role and the board of directors, effective immediately

UBS says modelling suggests upcoming recession won’t bite
Likely global recession scenarios look mild according to strategists at UBS, who have run four models.

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

Ucits at a glance: Ucits see red in a tough June for returns
June marked an exceptionally tough month for Ucits funds, as none of those listed in the Creditflux database made it into the black

Credit hedge funds (August 2022)
Credit hedge fund returns  

Fund performance: Select funds shine in dreary June for credit hedge funds
Credit funds suffered through June, as only 8% of listed funds reached the black. This made June the fourth month in a row in which negative returns increased

BofA brings in European corporate credit research head
An experienced credit strategist has landed at Bank of America after leaving Credit Suisse  

Alecta "closes the circle" as it invests with PGGM in Nordea SRT
Joint venture partners Alecta and PGGM Investments have printed a €2.5 billion significiant risk transfer with Nordea in what marks the first Simple, Transparent and Standardised-compliant SRT to reference pan-Nordic assets