Ucits at a glance: Advent and Algebris lead the pack again
Ucits funds saw the brighter side of February, as 80% of funds achieved a positive return

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

MV pairs with Loomis Sayles on open-ended credit fund for UK pensions
Smart Pensions is the cornerstone investor on MV Dual Credit Fund, providing around £100 million to the strategy

DE Shaw amasses $1 billion for stressed and distressed assets
The fund will invest in stressed and distressed assets, financings, and special situations opportunities

Los Angeles pension seeks global credit manager for $880 million mandate
Flush with cash? The Los Angeles Water & Power Employees' Retirement Plan has launched a request for proposal for its ‘active extended global credit’ mandate. But only managers with $50 billion under management need apply

Hayfin closes 'over €5 billion' European direct lending strategy amid record deployment
Hayfin held a final close on its latest European direct lending fund, Hayfin Direct Lending Fund III

Connection anchors sterling share class in European private credit fund
Connection Capital says it has raised £3 million (€3.5 million) from its high net worth client base to invest in a manager's direct lending fund 

Kartesia amasses €1 billion for inaugural senior direct lending fund
Kartesia has held a €1 billion final close of its inaugural senior debt fund, Kartesia Senior Opportunities I

Permira targets up to €5 billion with fifth direct lending fund
The launch of Permira Credit Solutions Fund V comes 12 months after the firm held a final close on its predecessor

Manager sails to €210 million final close on fifth European credit fund
The fund will invest in debt and equity in Northern European small to medium sized companies

Tikehau places €500 million sustainable bond as it plans high yield impact fund
Tikehau Capital has placed an inaugural sustainable bond that it says is the first of its kind for an asset manager

Tikehau hires UK institutional business head
Tikehau Capital has appointed a head for its UK institutional business

Manager holds €135 million interim close on Italian private debt fund
The vehicle has a €200 million target and €250 million hard cap

Retail investors gain access to private credit with Northleaf Mackenzie fund launch
IGM Financial’s Mackenzie Investments has teamed up with direct lender Northleaf Capital Partners to launch a global private credit fund for accredited retail investors

European Direct Lending Perspectives: 44% expect fundraising to hit €30-50bn
Creditflux and Debtwire have now published the tenth edition of the quarterly European Direct Lending Perspectives report which also contains our third annual survey of the direct lending market

Tikehau hires Germany head for new Frankfurt office to target region’s ‘untapped potential'
Tikehau Capital has expanded its European footprint by opening a new Frankfurt office, and has has hired a new head of Germany

HIG hires two from Tikehau for French direct lending
HIG Capital has bolstered its French direct lending team by appointing two principals in the firm's Paris office

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

Fund performance: CLO funds pick up where they left off
New year, same funds leading the way with CLO strategies the top performers in January

Ucits at a glance: CIFC nears positive 12-month returns
Ucits funds have started 2021 on a quiet note as 72% of funds achieved a positive return

Credit hedge funds (March 2021)
Monthly credit hedge fund tables

HIG bolsters direct lending team with ex-Bridgepoint official in London
HIG Whitehorse has hired the former head of the UK at Bridgepoint Credit

It's all relative: CLOs march tighter as macro traders open positive CDS skews
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter  

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

HIG bolsters European direct lending presence with senior hire in Madrid
HIG Whitehorse has appointed a managing director in the firm's Madrid office