Prytania and Scio strike partnership with UK SME lender
SME Capital has formed a funding partnership with London-based fund managers Prytania Asset Management and Scio Capital

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Credit funds at a glance (May 2021)
A round up of fundraising and people moves in credit 

Park Square collects €1.8 billion for European mezz debt fund
With leverage, Park Square expects the strategy to have €2.2 billion of investable capital

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Carlyle and Aflac officials lead new ACC committee with ESG template outlined as priority
The Alternative Credit Council has launched an ‘investor manager committee’, chaired by Carlyle Group’s Erica Frontiero and Elena Boeva from Aflac Global Investments, that has ESG in private credit as one of its first orders of business

Capital Four hires in private debt team
Capital Four has hired a director in the private debt structuring and origination team

Investec names assistant PM on new direct lending fund
Investec has named an assistant portfolio manager for the bank’s new direct lending fund Investec's Private Debt Fund I

Ares flush with cash after raising €15 billion for European direct lending
Ares Management has raised one of the largest European direct lending funds on record and, with leverage, the fund expects to have a whopping €15 billion to deploy

Standard Life Aberdeen 2 rbrnd 2 Abrdn
Standard Life Aberdeen has announced that it is changing its name to Abrdn (pronounced Aberdeen) 

Permira's credit CIO Kyriakoudis to retire by end of year
Permira Credit’s former chief investment officer Thomas Kyriakoudis will retire from the firm at the end of the year to pursue entrepreneurial opportunities

Head of US sales parts ways with Arcmont
Arcmont Asset Management’s head of US sales is said to have parted ways with the firm

Carlyle senior credit investor joins fintech firm as CFO
An experienced credit investment professional at the Carlyle Group has moved to become chief financial officer at fintech company NoviCap

EIF and Alantra commit up to €110 million for Spanish SME lending
The European Investment Fund and direct lender Alantra have joined forces to provide up to €110 million financing to European small and medium sized companies

Toronto-based Whitehorse Liquidity hits $4 billion hard cap on liquidity solutions fund
Whitehorse Liquidity Partners Fund IV provides liquidity solutions to private equity-style fund investors and managers

Permira Debt Managers rebrands to Permira Credit
Permira Debt Managers has rebranded as Permira Credit 

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Ninety One hires ex-Oak Hill duo for new European credit opportunities platform
Ninety One Asset Management, formerly known as Investec Asset Management, has hired two ex-Oak Hill officials to build the firm's European credit opportunities platform

Muzinich amasses €342 million on third close for European direct lending fund
Muzinich Pan-European II Private Debt Fund is a lower mid-market European direct lending fund

BlackRock wins €400 million ESG private debt mandate
BlackRock has won a mandate to manage an ESG focused European private debt fund from a Munich-based firm

Two credit managers open offices in Germany
Two asset managers have bolstered their presence in Germany by opening offices in the country

Permira promotes five in credit team to MD including head of structured credit
Permira Debt Managers has promoted five members of its credit team to managing directors 

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves