LGIM hires three to private credit team
Legal and General Investment Management Real Assets (LGIM) has announced three senior hires to its private credit business 

French direct lender closes real estate debt fund below target
French direct lending specialist Zencap Asset Management has closed its second real estate debt fund on €245 million

KKR raises $2.24 billion for second private credit opportunities fund
Global investment firm KKR has announced the final close of its second private credit opportunities fund, KKR Private Credit Opportunities II, at $2.24 billion

Former Octopus credit manager inks deal to join bridging lender
London bridging lender Octane Capital has hired Graham Macaulay from Octopus Property

UK manager hires two to lead British Business Bank-sponsored debt funds
UK-based Maven Capital Partners has announced the appointment of Steve Lewis and Jonathan Lowe as investment directors to lead two debt fund teams

European direct lending up 34% in recent quarter: Deloitte report
Direct lending in Europe continues to boom, according to the latest Deloitte deal tracker, which found a 34% growth of direct lending deals in third quarter 2017 alone compared to third quarter 2016

Carlyle, ICG and Oaktree earn approvals as Chile's first alternatives managers
The news follows recent reforms to Chile’s Pension Fund Law allowing pension fund administrators to invest directly in alternative asset managers

Join the debate: is Christopher Nolan moonlighting for Creditflux?
A story last month on direct lender Prestige caused one reader to draw comparisons with a script from film director Christopher Nolan 

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

Direct lending leverage takes off
HPS, NXT and Crescent target mid market with leverage in Q4. By Grace Jennings-Edquist

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Apera makes crisp entry into direct lending with its first deals
Apera Capital has put £45.5 million to work by completing its first direct lending deals. The London-based outfit has been one of the most-highly anticipated fund launches this year.

EQT raises €1.3 billion for its latest credit opps fund
EQT has rounded out 2017 with a final close on its private credit fund at €1.3 billion

Life sciences investment firm raises $154 million from share issue
BioPharma Credit, an investment company focused on the life sciences industry, has raised approximately $154 million to fund future investment opportunities and commitments already made

London direct lender seeks more than €1 billion for strategic credit fund
According to a market source, Pemberton's latest strategc credit fund is aiming to raise at least as much as its inaugural fund, which last year raised €1.2 billion from 27 investors

GreenOak announces final close at €600 million on real estate debt fund
The manager has held a final close on its Europe Secured Lending Fund, with total capital commitments of €600 million, surpassing its original target size of €500 million 

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017

Private debt manager makes multi-million dollar sales for third credit opps fund
Private debt manager Park Square has made significant sales for its Capital Credit Opportunities III fund over the course of a year, regulatory filings indicate

Manager poised to launch $100 million shipping debt fund
The fund will aim to provide financing for investments within shipping and maritime, according to market sources

Manager holds first close at £90 million for UK lower mid-market fund
The direct lending fund, which has a $300 million hard cap and targets UK lower mid-market companies, has held its first close at £90 million ($120 million) 

M&G adds to its direct lending team in London
M&G Investments has hired Oliver Wilson to serve as head of asset-based lending

London bridging lender Octane fuels growth with new credit hire
London-based bridging lender Octane Capital has named a new credit manager

EIB and DLL Ireland team up for €200 million direct lending initiative
The European Investment Bank has teamed up with vendor finance company DLL to offer a €200 million scheme to support Irish business investment

London manager closes third credit fund at €459 million
Rothschild Credit Management has announced the final close of its third credit investment fund at €459 million