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

Infrastructure manager raises $6.5 billion in equity and debt mandates
Global infrastructure manager IFM Investors raised $6.5 billion in infrastructure equity and debt globally between 1 July 2016 and 30 September 2017

Hayfin acquires US CLO manager
European credit platform Hayfin Capital Management has signed an agreement to acquire a US CLO specialist

US pension scheme puts $100 million into top-performing CQS fund
A multi-strategy credit fund run by CQS has earned a $100 million commitment from a US pension fund

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

KKR promotes recent hire to its European credit business
KKR has revealed a list of promotions across its private credit strategies. They include the promotion of Matthieu Boulanger – who joined KKR only mere three months ago – to partner

Managers argue over whether structured credit trade is played out
Some US and European hedge funds are trimming their exposure to structured credit as investors back away from this asset class, according to some industry experts

Nomura renews interest in synthetic CDOs by targeting full-cap deals
After sitting on the sidelines last year, Nomura has returned to the bespokes space

BNY Mellon launches multi-asset vehicle to be subadvised by Pareto
The BNY Mellon Insight Broad Opportunities fund will invest in a broad range of asset classes, including equities, fixed income, currencies, real estate, listed infrastructure and commodities

Hedge fund with US and UK offices to shutter following poor performance
The New York-based firm, which invested in a range of strategies including long/short liquid credit, is shutting down and returning all capital to investors

Balance of power shifts away from direct lenders
Mid-sized corporations are getting their way at the expense of direct lenders at the negotiation table, recent research suggests.

Shrinking spread cushions prove hard for CLOs
 Falling loan spreads are placing ever tighter constraints on CLO managers’ choice of investments just as the loan supply itself is declining

Managers pick spots on CLO curve
As refi volumes slowed through 2017, the term curve for CLOs steepened, leading managers to vary their deal tenors as they sought to hit the evolving sweet spot.

Deadline approaches for Creditflux CLO Syndication Survey
Competition is hotting up as the deadline for Creditflux's groundbreaking CLO study takes shape  

Is your firm managing the most widely syndicated CLO of the year?
Creditflux’s first ever CLO syndication survey is now open

Nearwater aims to put $500 million to work in global risk retention financing
Start-up company Nearwater Capital has closed on a $500 million capital commitment which will fast-track its move into risk retention financing, sources say. The firm has already deployed capital into CLO risk retention

Orchard launches liquid credit fund
Orchard Global Asset Management has debuted a new credit fund, which has sold $8 million so far

Chicago-based firm closes debt fund with over $1 billion raised
LaSalle Investment Management has announced the final close of its third debt strategies fund with over £800 million ($1 billion) in commitments

Natixis rebrands its asset management arm
Natixis has changed the name of its asset management to "better highlight its multi-affiliate business model"

BNP Paribas acquires stake in SME credit specialist Caple
BNP Paribas Asset Management has acquired a 10% stake in Caple, which facilitates lending to small and mid-sized enterprises through a fintech platform

BlueBay joins credit interval fund rush
London-based manager could be first to launch interval fund based on mainly non-US credit

Institutional investors look to step up allocations to Ucits funds, finds EY
Institutional investors are eager to allocate more capital towards Ucits and similar European registered funds – but they may struggle to source a sufficient number of opportunities in this space

Manager raises $120 million for European credit opps fund to launch in Q4
A London-based alternative asset manager is set to launch a credit fund with a specialty finance focus and a target size of $750 milion

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind