Largest UK pension appoints new CEO of investments
Universities Superannuation Scheme (USS) has appointed a new chief executive officer of its investment management business  

EQT extends push into Nordic direct lending with Nordea hire
The hire follows increased activity for EQT Credit in the region with three recent direct lending deals announced in the Nordic region 

Hermes adds to its direct lending team in London
Hermes Investment Management has added to its private debt team in London, Creditflux has learned.

Northleaf adds newly-created business development role in London
The new hire will lead the Toronto-based firm's business development and investor relations activities across Europe, the Middle East and Africa

Pemberton opens Copenhagen office
The expansion into Denmark follows the opening of its Amsterdam office earlier this year 

Head of direct lending parts ways with Aberdeen Standard
After over three years at the helm, the head of direct lending has left Aberdeen Standard Investments  

Spire wins Creditflux Manager of the Year award
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II

Prospect's $500 million CLO fund merges with Stira Alcentra global credit fund
Prospect Capital Management’s $500 million closed-end CLO fund has officially merged with a global credit fund managed by Alcentra and Stira

UK pension fund appoints manager for private debt portfolio
Hampshire County Council Pension Fund has appointed JP Morgan Alternative Asset Management as a private debt portfolio manager.

Direct lender Cordet poaches Rothschild mezzanine veteran
Cordet Capital Partners has appointed a Rothschild veteran to its team in London 

US pension fund to commit $1.1 billion in private credit by 2020
Investment consultant NEPC has recommended that Arizona Public Safety Personnel Retirement System (PSPRS) commit $550 million in private credit in both 2019 and 2020, according to a private credit review  

Pemberton closes strategic credit opportunity strategy at €1 billion
Pemberton has closed its first fund dedicated to strategic credit opportunities today

BNP Paribas Wealth appoints head of private equity and private debt investments
The appointment supports what the firm sees as "a significant pick up in clients’ appetite" for the asset classes

Pennsylvania pension commits $150 million to European credit funds
Pennsylvania State Employees’ Retirement System approved $975 million of investments at its 24 April meeting

The Last Tranche: awards season is upon us [podcast]
A look at 2018 award offerings and finalist, plus some insight on direct lending and b-wics

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

Maryland pension carves out private debt bucket
The Baltimore pension fund has also mandated a total of $25 million to one direct lending fund and one distressed debt fund 

Korean institution hunts for direct lending managers
Korea Post has launched a request for proposals in which it seeks out two managers to invest a total of $200 million into global direct lending loans  

White & Case bolsters direct lending practice with partner in London
White & Case has appointed Fergus Wheeler as a partner

Head of credit origination leaves Goldman Sachs' private capital unit
Creditlflux sister publication Debtwire reports

Northleaf appoints private credit officials in Chicago, London and Toronto
Northleaf Capital Partners has expanded its private credit team with three hires - including an ex-Barclays head of international corporate credit

Direct lending deal activity in France grows 20% year-on-year
Private debt activity in France continued to grow in 2018, with the number of transactions up 20% from 2017, according to a report published by France Invest (Association of Investors for Growth) and Deloitte

Capzanine appoints Emisys co-founder to lead new Milan office
Following offices in Spain and Germany, the firm has opened a Milan office - and hired three former Emisys Capital officials

Direct lending challenges in 2019: competition, lack of quality assets and high transaction multiples
Results from Proskauer Rose's survey show these are not putting off 75% of respondents, who are fundraising for a debt fund