Julius Baer appoints ex-UBS official to launch private investments platform
The new platform will allow its private banking clients to access illiquid assets including private equity and private debt

Fiera rolls out private credit strategy with recent hires leading charge
Fiera Comox, an affiliate of Fiera Capital Corporation, has launched a new global mid-market private credit strategy

HIG hires ex-Alcentra official to lead European direct lending following departure
 A former managing director at Alcentra has landed at HIG Capital to head its European direct lending platform

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

Artemid reaches €400 million first close on third senior debt fund
Artemid, the jointly owned subsidiary of Capza and Amiral Gestion, has held a €400 million first close on their third fund senior debt fund

Permira holds €3.48 billion final close on fourth direct lending fund
Permira Debt Managers has collected €3.48 billion for its fourth direct lending strategy, marking the fund’s final close on 31 March

Golding holds first close for private debt vehicle
Munich-headquartered fund-of-funds manager Golding Capital Partners has held a first close on almost €200 million for its private debt fund Golding Private Debt 2020

Apollo joins forces with Mubadala for big direct lending deals
Apollo Global Management has launched a ‘large scale direct lending’ platform, which it says is anchored by Abu Dhabi’s Mubadala Investment Company

Andera collects €500 million for sponsorless mezzanine debt fund
Andera Partners, has held a final close on its sponsorless mezzanine fund, ActoMezz IV, exceeding its hard cap at €500 million

Fund performance: CLO funds keep up the momentum for second month running
May returns have been led by continued momentum from CLO funds. In the last month, funds that invest in CLO notes in some capacity have made up 90% of our top 10, while 97% of funds listed generated positive returns - an improvement of 15% on last month's figures.

Credit funds at a glance (July 2020)
A round-up of fundraising and people moves

Ucits at a glance: Ucits recover lost ground
The foot has come off the gas for many funds - 57% of funds did not break the 2% return barrier.

Direct lender Apera bolsters Munich office with UniCredit hire
Direct lender Apera Asset Management has appointed a principal in the firm’s Munich office focused on Dach (Germany, Austria and Switzerland) investments

ELF Capital completes spin out of ESO’s German direct lending platform
ESO Capital’s Frankfurt-based direct lending team has spun out under the banner of ELF Capital

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

EIF backs Oddo's inaugural mittelstand debt fund as it holds €131 million first close
Oddo BHF Asset Management, the Franco-German asset manager, has held a first close on its inaugural German Mittlestand debt fund and has recieved a cornerstone investment from the European Investment Fund 

BNP Paribas AM collects €576.5 million for second European debt fund
BNP Paribas Asset Management has held a final close on its second European debt fund, BNP Paribas Euro SME Debt Fund II, which provides senior debt to small and medium-sized companies primarily in France, Italy and Belgium

Four managers join forces on gigantic £1.9 billion unitranche
The supersized transaction to Ardonagh Group, led by Ares, is the largest ever unitranche facility

Bridgepoint buys EQT's credit business - report
Bridgepoint is buying the credit business of EQT, according to the Financial Times

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

Värde targets $1 billion for inaugural dedicated credit dislocation fund
Värde is seeking to raise $1 billion for its dislocation and distressed debt fund, according to an investor presentation seen by Creditflux. The firm is targeting a first close this month

EQT launches 'largest' ESG-linked subscription credit facility
EQT has launched what it says is the largest ever environmental, social and governance-linked (ESG) subscription credit facility in the global fund financing markets

LP round up: Pimco gets the Disco started as distressed managers win allocations
Insitutional investors allocated just over $1 billion to credit funds last week, according to board documents seen by Creditflux, with special situation funds from Farallon, Pimco and SSG taking the bulk of these commitments

BNP Paribas unit holds final close on special opportunities fund of funds
BNP Paribas Capital Partners has held a final close on its European special opportunities fund of debt funds