Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Global raters dodged a bullet from the “Catalan Madoff”
At least one global rating agency dodged a bullet by declining to rate a Spanish fund backed by small and mid-market loans that is now being put into liquidation

Beechbrook UK fund hits 51% deployment mark
Beechbrook Capital’s UK direct lending fund is now 51% invested with the London-based manager noting that it has now deployed £77 million ($98 million) from its UK SME Credit I fund

Bank of Ireland promotes loan syndications head after recent departure
Bank of Ireland has promoted an 11-year veteran after losing its head of leveraged acquisition finance to Bridgepoint recently

Permira holds final close on direct lending fund after attracting new investors
Over half the investors in Permira's new direct lending fund are new relationships with manager revealing that PCS 3 has reached €2.1 billion including leverage

CVC Credit adds loan for European mid-market business
CVC Credit Partners has added a term loan to a UK caravan maker as part of its European private debt business

Helsinki-based private credit specialist Certior Capital announces hire
Helsinki-based private credit and equity fund-of-fund manager Certior Capital has announced that it has brought on board Olli Heinilä as an investment director and says it is looking to make further hires

Direct lender Kartesia hires from JP Morgan and Goldman Sachs
Direct lender Kartesia has announced that it has hired two associates in London and an analyst for its office in Brussels

Alcentra teams with Steadfast for $3 billion global mid-market strategy
Steadfast Capital Markets Group and Alcentra have announced the launch of a new credit fund, which will lend to companies in the US and western Europe

Pemberton confirms German addition to direct lending fund
Pemberton says that 20% of capital deployed by its mid-market fund is to German borrowers

Partners Group tops €1 billion for new multi-asset credit programme
Partners Group says that it has raised €1 billion for what it describes as a multi-asset credit programme

Permira nears final close on new direct lending fund
London’s Permira Debt Managers is edging closer to a final close on its latest direct lending fund, according to an article by Unquote

Spanish SME credit fund’s fraud complaint unnerves investors
An asset manager has sent shockwaves through Spain’s SME financing market by revealing that over half the assets backing a small domestic bond issue may be fraudulent

Avenue loses another key European credit portfolio manager
An experienced credit PM has left Avenue to join a $2.3 billion fund manager in a new role

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

Alcentra and reit specialist Steadfast team up for fund
Alcentra has launched a new retail fund in the US to invest in mid-market credit

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award

BNP Paribas Asset Management hires SME lending head
BNP Paribas Asset Management has announced that it has hired Ardian’s former head of US private debt as part of a new private debt and real assets investment group

Standard Life unit looks to put money to work in European direct lending
SL Capital has opened for business in private debt with officials at the company confirming that they have started with €270 million of capital to lend to privately-owned European borrowers

Senior debt funds are mis-pricing euro mid-market loans, conference hears
An influx of capital into senior debt funds is leading to mispricing in Europe’s mid-market, delegates at the Debtwire European Mid Market Forum heard yesterday

Park Square adds staff in direct lending and names new partners
European mid-market credit specialist Park Square Capital has announced that it has made two hires while also promoting three of its existing staff to the rank of partner

Muzinich brings in €180 million for new European private credit fund
Muzinich has held a first close on a pan-European private debt fund with €180 million in commitments

Direct lender Tikehau adds unitranche in Spain
Tikehau IM has announced that it has arranged a €60 million unitranche loan to back a recapitalisation of Spanish engineering company Terratest

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

Beechbrook buys two more mezz loans for latest private debt fund
Beechbrook Capital has announced the completion of two new investments for its Private Debt III fund