Distressed specialist parts company with Oak Hill
Market sources say that a distressed debt specialist has left Oak Hill Advisors in London just months after the firm held the final close on a new $2.7 billion fund

Ivy wraps around PineBridge for new high yield credit fund
Fund operator Ivy Investment Management Company has announced that it has partnered with PineBridge Investments to produce Ivy PineBridge High Yield Fund

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

Credit fund manager snaps up BlueMountain's CEO for Europe
BlueMountain has announced leadership changes following the departure of Nicholas Pappas - with sources informing Creditflux that he has signed up with another large fund manager as head of credit

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

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

Euro loan managers breathe easy as ECB adopts US-style lending guidelines
The ECB has, to some extent, relented and provided loan market participants with a greater degree of flexibility after this morning posting the final guidance for leveraged lending in Europe

EM specialist Stratton Street launches two Ucits credit funds
London-based emerging markets and sovereign credit specialist Stratton Street Capital has become the latest manager to move into the Ucits credit business

Pension giant AP4’s Erlandsson joins Granit to raise green credit fund
Stockholm-based asset manager Granit Fund has made a big name hire in credit, taking on Ulf Erlandsson with a view to launching a new green bond hedge fund this year

Popular shortlists Apollo, Oaktree, BAML and Bain for rapid NPL sale
Spain’s Banco Popular is in talks with Apollo, Oaktree, Bank of America Merrill Lynch and Bain Capital about selling a portfolio of non-performing loans, according to Spanish newspaper Expansión

Direct lender Kartesia puts new debt capital into Foraco restructuring
Direct lending specialist Kartesia has announced that it has invested in Foraco International as part of a restructuring of the French drilling services company’s debt

Cairn hires former Magnetar official for PM role on credit opps fund
Cairn Capital has announced that it has hired former Magnetar Capital official Brandon Kufrin as a portfolio manager

French financial trades boost European credit hedge funds
Credit hedge funds that play in European financials have posted big gains on French bank credit ahead of this month’s presidential elections.

Bridgepoint makes high profile hire for push into credit
Private equity firm Bridgepoint has hired a long-serving head of acquisition finance, Debtwire reports

Direct lender Pemberton hires former RBS debt syndicate head
European direct lending specialist Pemberton has announced that it has hired former RBS gobal debt syndicate head Eric Capp as a partner

Eaton Vance targets global credit with new Ucits fund
Eaton Vance Management has announced the launch of Global High Yield Bond Fund

JP Morgan loses another leveraged finance specialist to the buy side
Reuters is reporting that a levfin specialist is leaving JP Morgan in London to take up a managing director-level role at a large global credit hedge fund manager

Ares wins $1.1 billion in global direct lending SMAs in strong start to 2017
Direct lending proved to be Ares Management’s most successful strategy in fundraising terms with the firm registering $1.1 billion of inflows for European and US private debt in the first quarter

Advisor Marlborough hires ex-Lloyds private debt specialist
Debt advisor Marlborough Partners has announced that it has hired Aubrey Simpson-Orlebar, the former head of Lloyds Bank’s debt private placements team

Fund manager sees global appeal for new $2 billion energy lending fund
EIG welcomes commitments from non-US based investors for its new direct lending fund

BNP Paribas moves quickly to restaff London high yield trading business
BNP Paribas has moved quickly to restaff its European high yield trading desk, making two new senior hires for the business last week

ECB's crackdown on leveraged lending clears the way for direct lenders
Regulator's plans to limit debt to ebitda ratios in loan transactions could drive traffic out of the capital markets and towards lending funds

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

Alva's 'disruptive' fund joins Creditflux listings
A London-based manager is making waves with a tech-focused credit fund

BNP Paribas trader joins Aberdeen as head of loans
Aberdeen Asset Management has hired a global head of loans in London, according to a Bloomberg report