So much capital, so few deals: specialists fear for direct lending
No covenants, increasing leverage ratios and an outlook for rising rates means that direct lending is not all it's cracked up to be, according to several credit market participants

Hurdle rates topple as direct lenders look to boost fees
Some direct lending managers are lowering their hurdle rates in a bid to increase their fees

Direct lending head says market is overheating
A 2018 outlook report by KKR suggests now’s the time to reduce exposure to direct lending. This comes as another part of KKR goes on a direct lending fundraising spree

Dublin-based co-head of global credit parts company with KKR
An experienced figure in European credit has left KKR in order to pursue interests outside of fund management. He had been serving as co-head of global credit at the firm

Ropes & Gray announces 33 promotions including finance and hedge fund professionals
Law firm Ropes & Gray has promoted 33 lawyers to counsel of the firm, with the attorneys representing a range of practice groups including finance, investment management, hedge funds and private investment funds

JP Morgan AM launches new multi-asset investment trust
A manager's best mate is its fund: JP Morgan AM launches Multi-Asset Trust (Mate)

Chenavari raises $120 million in a year for multi-strategy credit vehicle
Chenavari Investment Managers has raised almost $120 million in a year for its Cayman Islands-incorporated Chenavari Multi-Strategy Credit Fund, regulatory filings suggest

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Goldman closes third real estate credit fund with $6.7 billion in total capital
Goldman Sachs has completed its final close for its latest real estate credit investment vehicle, which has $6.7 billion in total capital available to invest including leverage

Morgan Stanley's fixed income sales dramatically dip in Q4 earnings report
Morgan Stanley's sales and trading net revenues took a dip in 2017, with fixed income net revenues in particular down 31% compared to 2016 figures

Up-and-coming fund manager Revolution makes big structured credit hire
Sydney’s Revolution Asset Management has made a big hire, signalling its intent in the global structured credit markets

JP Morgan AM professional to lead spin-out of credit hedge fund
Former JP Morgan Asset Management portfolio manager Fahad Roumani appears to be gearing up to lead a spin-out firm, which will manage the JPS Credit Opportunities Fund under its new name

JP Morgan AM continues ETF expansion with three new hires
Following three senior hires to its ETF business last year, JP Morgan has shown its commitment to its ETFs business with three more hires

Pacific Life rebrands asset management division and appoints CEO
Pacific Life has announced the rebrand of its asset management business to Pacific Global Asset Management and has appointed Kevin Byrne as chief executive officer

Carlyle's head of origination for credit earns promotion to partner
Carlyle Group has announced 58 senior promotions across all its global offices: eight to partner, 19 to managing director and 31 to principal/director

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

BNP Paribas AM launches emerging markets fixed income fund
BNP Paribas Asset Management has announced the launch of an emerging markets fixed income mutual fund – and says it plans to launch further mutual funds in the coming months

Searchlight and LionTree join forces on TMT investments
Searchight + LionTree = LightTree, a new partnership which will invest across debt and equity in the TMT space

Former Och-Ziff executive Cohen faces criminal fraud charges
A former Och-Ziff Capital Management executive is facing criminal fraud charges relating to the firm’s hedge fund activities in Africa, according to an indictment that was made public last week

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

Pimco interval fund seeks SEC order allowing it to issue further share classes
The Pimco Flexible Credit Income Fund has sought permission from the SEC to issue further classes of shares

Californian pension fund approves $50 million commitment to CLO-focused fund
The pension fund has approved a $25 million commitment to an upcoming CLO fund, adding to $25 million previously committed 

Credit markets ignore geopolitical exposures, suggests Guggenheim
Global credit spreads have spent 2017 tightening, but markets may be ignoring certain risks, according to Anne Walsh, chief investment officer for Guggenheim’s fixed income unit

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