East Sussex pension injects £60 million into real estate debt
East Sussex Pension Fund (ESPF), the £3.3bn public pension fund, has decided to commit £60m to M&G Real Estate Debt VI Fund (RED VI).  

Italian journo pension scheme presses ahead with plan to invest in private debt
The National Institute for Italian Journalists' Social Security (INPGI) has launched a tender notice seeking closed-ended private debt funds to invest in, or unlisted debt instruments including infrastructure debt, private corporate debt and real estate debt  

US pension seek real estate debt managers
The State Universities Retirement System (SURS) has launched a real assets investment search, seeking private core, private core plus, and private non-core real estate managers, on both debt and equity  

UBS hits €1 billion final close for second infrastructure debt fund
UBS Asset Management has reached a final close on its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II) at €1 billion

Strathclyde pension looks to allocate up to £1.1 billion into credit
Glasgow City Council, the administering authority for the Strathclyde Pension Fund, has launched request for proposals (RFP) seeking to appoint investment managers specialising in private corporate debt and real estate debt.

Swiss financial company SYZ launches private markets division
The family-owned Swiss financial group has launched a private markets division to invest and advise across private equity, private debt and real estate - as it is “too big to ignore”

M&G structured credit PM takes on bigger fixed income origination role
The structured credit portfolio manager, who is based in Europe, changes focus to sourcing investment opportunities across all areas of fixed income

NNIP unveils European sustainable infra debt fund
The fund aims to build a diversified portfolio of investment grade quality infrastructure debt across Europe 

Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report  

LaSalle expands into US real estate debt with Latitude acquisition
LaSalle Investment Management has bought a majority stake in the $1.2 billion debt business of Latitude Management Real Estate Investors

New Mexico allocates $175 million to credit
New Mexico State Investment Council has awarded a $75 million commitment to real estate debt and $100 million commitment to a multi-credit fund

DRC hits £750 million hard cap for UK whole loan fund
The European real estate lender has held a final close for its inaugural  UK Whole Loan Fund at its £750 million hard cap

Tunstall appoints head of debt strategies
Tunstall Real Estate Asset Management, the alternative manager and real estate lender, has hired David White to serve as head of debt strategies  

LRI teams up with Aggregate to launch €500 million real estate debt fund
LRI Group has teamed up with Aggregate Debt Advisory to launch a €500 million real estate debt fund

August: fund performance
CLO spreads jumped wider in August, but funds that invest in these assets have been able to outperform

September: credit funds at a glance
White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

Kommunalkredit builds €190 million first close for infrastructure debt fund
The fund anticipates to hold a final €250million close before year end

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

Laxfield increases size of UK debt fund to £750 million
Laxfield Capital, a UK-based real estate debt firm, has upsized the size of its real estate debt fund Laxfield LLP to £750 million ($986 million)

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

Aviva Investors looks to raise €500 million for new infrastructure debt fund
Aviva Investors has launched a euro-denominated infrastructure debt fund and received commitments to date from five European insurers

UK pension fund NEST seeks 'innovative' private credit manager
The £3.4 billion pension fund issued an invite to tender for private credit managers 

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers

Aviva appoints head of real assets division in London
Aviva Investors has hired Mark Meiklejon from Aberdeen Standard Investments to lead its newly established real assets investment specialist team

Institutional investors are too constrained in their private debt approach, research suggests
Institutional investors are too constrained in their approach and are focusing too much on mid-market corporate direct lending, research from global advisory firm Willis Towers Watson suggests