Russell and Mediobanca launch multi-asset fund with CLO allocation
Mediobanca Private Banking has joined forces with Russell Investments to set up a fund that has a 20% allocation to credit, sources say  

Management fee compression brings US direct lenders in line with Europe
US direct lenders are cutting management and performance fees in an attempt to win mandates from international investors and bring fees in line with European direct lenders, according to research from Bfinance

Partners Group brings global private debt strategy to Australian retail investors
Partners Group has bolstered its private debt offering to retail clients, collecting AUD550 million for a private debt offering which has been listed on the Australian Securities Exchange.

KKR bolsters global impact team
Investment firm KKR has appointed two senior professionals within its global impact team, as it looks to strengthen its geographic reach and local impact  

Veteran Ulmer targets array of private credit for new firm
Andrew Ulmer, who led the structured finance expansion at Brevan Howard, has resurfaced with his own asset management company, 1543 Capital, according to documents seen by Creditflux.

Ucits at a glance
A round-up of ucits fund performance

StepStone launches private debt platform for high net-worth individuals
Private markets specialist StepStone Group has launched a private markets platform, including private debt, in a bid to deliver the organisation’s institutional capabilities to high net-worth and other private clients  

Purdue Pharma bankruptcy highlights value of ESG analysis
Purdue Pharma's bankruptcy this week, and the sector wide concern over the US opioid epidemic, has highlighted the utility of environmental, social and governance (ESG) standards in credit analyses

Wells Fargo AM makes big credit hire to co-head its private strategies team
Wells Fargo Asset Management has appointed Vincent Lu to co-head the firm’s private strategies, according to an internal memo seen by Creditflux

West coast pension eyes European private credit for diversification
The $3.1 billion pension fund is looking to diversify its private credit exposure following an asset class education by investment consultant Meketa

THL updates credit investment framework to include ESG
THL Credit Advisors has announced that it has developed an investment framework for assessing environmental, social, and governance (ESG) factors in analysing credit quality and risk factors

Golub blazes trail to Europe as other US lenders eye partnerships
US direct lenders are looking to diversify their exposures by allocating to European loans, sources say. Last month, Debtwire reported that one of the largest US middle market operators, Golub Capital Partners, was expanding into the continent by building out a team in London. 

Guidelines fail to assuage fears over loose reporting standards
The Chartered Financial Analyst (CFA) Institute’s new hedge fund reporting guidelines come into play next year, but some say they fall short of a much-needed overhaul.

EQT looks to raise €500 million via IPO
The initial public offering is anticipated to increase EQT's flexbility to “pursue growth opportunities” and expand its private market investing business

Europe and US diverge on covenant lite structures
Direct lending is syphoning away traditional loan supply

Large US direct lender eyes expansion into Europe, reports Debtwire
One of the largest investors in the US middle market is planning to expand into Europe, according to Creditflux’s sister publication Debtwire

Silicon Valley pension to invest $20 million in private debt
San Jose Federated City Employees Retirement System and Health Care Trust is set to make commitments of $20 million in private debt, as part of its fiscal year 2019-2020 pacing plan, according to documents seen by Creditflux  

Los Angeles pension appoints four managers for private credit mandate
Los Angeles City Employees Retirement System (Lacers) has awarded four contracts for a $670 million private credit mandate search, according to minutes from the July investment committee meeting.  

US pension scheme eyes 50 South Capital fund of funds
50 South Capital Backed Credit Fund II, a fund-of funds vehicle, is set to invest in four loan funds in small and medium size companies, according to documents seen by Creditflux  

Credit funds contribute to Hamilton Lane’s AUM growth
Hamilton Lane has announced its assets under management and advisement has hit $473 billion as of June. This comes shortly after it closed a credit fund and begun marketing another one

Ares credit business grows 4.4%, driven by US direct lending
US and European direct lending, alternative credit and syndicated loan funds dove growth for Ares Management Corporation in the second quarter, the firm said

Hamilton Lane holds $760 million final close for private credit fund
Hamilton Lane has held a $760 million final close for its latest global private credit fund, collecting slightly less capital than the manager’s predecessor fund. 

Utah fund set to invest $45 million across Beach Point and Crestline funds
The Utah School & Institutional Trust Fund Office is set to make commitments to credit funds managed by Beach Point Capital Management and Crestline Investors

GSO adds $10 billion to inflows with direct lending, structured credit and energy
Blackstone grew its credit assets under management to $139.3 billion, up 13% on a year ago, according to the firm's second quarter earnings release

Investor requirements rather than performance is driving ESG push: Creditflux survey
Only 14% of respondents to Creditflux's global credit ESG survey said performance was the main reason they were adopting envoronmental, social and governance-themed strategies