Tikehau launches three private debt funds and sells 54% stake in DWS
Tikehau Capital’s private debt group had a busy first half of 2020, with key highlights including three fund launches: its first open-ended private debt fund, a new French direct lending fund and a first close on its fifth flagship European direct lending fund

Azimut purchases 20% stake in US private credit manager
Azimut Group has purchased a 20% equity stake in a $2.1 billion opportunistic private credit manager

LP round up: Oregon eyes $1.8 billion into structured credit
Institutional investors have earmarked over $6 billion to credit funds over the past two weeks

Covid could trigger 'mega trend' into private debt, says Blackstone's Gray
The coronavirus pandemic could spark a 'mega trend' of investors into alternatives in private credit, Blackstone's president and chief operating officer said on the firm's second quarter earnings call on Thursday

Bain buys former Italian bank to strengthen NPL platform
Bain Capital Credit says it has bought an entity known as Hypo Alpe Adria from the Austrian government to strengthen its Italian non-performing loan business

Private debt secondaries volume nosedives 81% in H1
Global private debt fund secondaries volume nosedived 81.8% during the first half of 2020 as the effects of coronavirus began to surface, according to a recently released report by Setter Capital

Capza's hybrid debt equity fund reaches €450 million for first close
Capza has held a €450 million first close on its hybrid debt and equity fund, Capza 5 Flex Equity fund

Newcomer wins Creditflux Manager of the Year award in virtual event
Last night Creditflux presented its first ever virtual hosting of our annual Manager Awards, with over 450 people tuning in live to see the winners announced

Crestline prepares third speciality lending fund
Crestline Investors is preparing to launch its third speciality credit fund, Crestline Speciality Lending Fund III

Credit Rendezvous: record fiscal stimulus provides pick-me-up
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market

Ares adds to European direct lending team
Ares Management has hired a London-based vice president to its European direct lending team

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

Creditflux announces finalists for Manager of the Year award
Ahead of the virtual awards ceremony on 15 July Creditflux is thrilled to announce the four finalists for the prestigious Manager of the Year category.

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

MeDirect confirms corp credit step-back, as CLO team seeks spin-off
MeDirect has confirmed it will reduce corporate lending to focus on retail clients, following a question by Creditflux on the firm's plans to spin off its CLO-managing specialist credit team

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.