Direct lenders pile into "turbocharged" market as fundraising skyrockets: report
Growth in the direct lending market in the 12 months to 31 December was “turbocharged,” growing robustly in the fourth quarter 2017 in particular due to a consistently growing Eurozone economy, according to Deloitte

Points up front: the best way to source direct lending loans is to sit and wait
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra.

Global law firm appoints credit fund specialist as partner in London
Global law firm Macfarlanes has appointed fund specialist Samuel Brooks to partner within the firm’s investment management team

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

BC Partners registers BDC to invest in US middle market companies
Pan European buy-out investor BC Partners, Acuris’s parent company, has registered a new BDC under the name of BC Partners Lending Corporation, SEC filings reveal

Deadline looms for Creditflux's annual Manager Awards
The deadline for this year’s Creditflux Manager Awards is fast approaching as managers across the CLO, credit hedge fund and direct lending industries compete for the eighth consecutive year

Minnesota pension fund looks to commit $535 million to 'private credit'
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

HSBC announces $550 million second close for diversified loan fund
HSBC Alternative Investments has announced the second close of its diversified loan fund, which will combine both loan investing and direct lending

ICG increases fundraising goal as direct lending funds near full deployment
London-based Intermediate Capital Group has increased its fundraising target to €6 billion per year on a rolling three-year basis

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

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

European direct lending may not be as European as it seems
In European direct lending, raising capital has become the easy part of a manager’s job. But deploying that capital is more difficult, says Diala Minott, a London-based partner at law firm Paul Hastings

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

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

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

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

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

Fishknife classified advertising
Classified ads