Engineering and construction: diversification leads to deepening debt
In trying to build a more global roster of clients, some construction companies may have dug a hole for themselves

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Amundi's credit subsidiary promotes head of fixed income
Paris-based BFT Investment Managers, the credit and fixed income subsidiary of Amundi, has announced a new managing director

NN IP hires former GE official to head corporate loans business
A Dutch asset manager has strengthened its alternative credit team

Rothschild plans to raise up to €500 million for its next credit fund
Fresh from launching Oberon III last week, a market source says Rothschild is planning its follow-up credit fund

Bank appoints head of European loan trading in London
A loans trader has been promoted to lead a bank's Europe-wide loan trading effort

Fund management associations team up to engage with EU policymakers
The Alternative Investment Management Association has entered into a cooperation agreement with a German alternatives advocacy group

KKR promotes recent hire to its European credit business
KKR has revealed a list of promotions across its private credit strategies. They include the promotion of Matthieu Boulanger – who joined KKR only mere three months ago – to partner

Shrinking spread cushions prove hard for CLOs
 Falling loan spreads are placing ever tighter constraints on CLO managers’ choice of investments just as the loan supply itself is declining

Pre-insolvency arrangements: restructuring schemes set to go Dutch
Brexit-hampered UK courts could lose out as schemes of arrangement are updated in the Netherlands and Singapore

Manager's aviation debt fund takes off with $115 million
A new debt fund is getting into gear, having held a first close of $115 million

La Française appoints head of fixed income
The French asset manager has drafted in Maud Minuit as its head of fixed income, according to an announcement

Natixis rebrands its asset management arm
Natixis has changed the name of its asset management to "better highlight its multi-affiliate business model"

CM-CIC Private Debt holds first close on large cap loan fund
French bank's asset management arm targets pensions and insurers with €400 million European loan fund

Payday: Investors go for broke on regulatory bet
New regulations could seriously hamper US payday lenders – but bond holders are betting the rules won’t be enacted

Alcentra continues hot fundraising streak with new global credit offering
BNY Mellon subsidiary Alcentra has attracted $140 million for a corporate credit fund

Credit fund manager assumes Brown Shipley role following move to London
Brown Shipley has hired a senior credit fund manager who previously worked at Assenagon Asset Manager’s Munich office, a spokesperson confirms

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle

Spire hires credit analysts from CIC and Mediterranean Bank in London
London-based Spire Partners has announced two new additions to its credit team, with Ian Richardson and Antoine Pinton joining the firm from CIC and Mediterranean Bank respectively

Sell-side credit analysts land at Muzinich in London
Muzinich has raided Citi and Deutsche Bank for credit analysts with Richard Smith and Terence Teh joining the firm in London

Alcentra raises €690 million for closed-end credit fund
BNY Mellon subsidiary Alcentra has closed its Clareant Strategic Credit Fund with sales of €690 million. The vehicle, which originally had a target size of €500 million, is dedicated to opportunistic investing in the loans, bonds and structured credit of European companies

Cairn appoints Burke and Godall as co-chief investment officers
Cairn Capital has appointed Andrew Burke and Asif Godall as co-chief investment officers

Credit funds lawyer becomes seventh to leave Ropes & Gray for rival law firm
Kirkland & Ellis has poached another funds lawyer from Ropes & Gray, naming James Board as the newest partner in its private investment funds team

UBS hires former BAML leveraged finance head in London
UBS has appointed a new managing director to its leveraged loan and high yield bond team. The new hire is a former Bank of America Merrill Lynch and Deutsche Bank levereaged finance specialist

Candriam launches €107 million global bond fund
European asset manager Candriam has launched a €107 million total return bond fund that invests in sovereign bonds, corporate credit and currencies across both developed and emerging markets