Credit hedge fund returns (December 2023)
Credit hedge fund returns

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

400 Capital raises $580 million for third asset backed credit fund
400 Capital Management has closed its third asset backed fund 400 Capital Asset Based Term Fund III at $580 million

BlackRock launches impact bond fund
BlackRock has launched a fixed income fund focused on green, social, and sustainable bonds as well as ‘impact’ MBS and municipal investments

Castlelake secures $782 million for credit fund
Castlelake Income Opportunities II will invest in areas including European commercial real estate, transitional bridge lending in North America, specialty finance and secured aviation related lending

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

European real estate available with pruned inflation hedges
Throughout the upheaval in European credit this year, one segment of the market that has shown itself to be resilient against the pressures of inflation is real estate debt

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Credit hedge fund returns (November 2022)
Credit hedge fund returns

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Private equity firms are becoming CLO converts: TwentyFour
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense"

Aeon prepares for series of UK CRE CLOs after signing £900m warehouse
Aeon Investments has closed a £900 million (€1,025 million) CRE CLO warehouse, which it says is backed by three loans

Infra specialist makes first SRT investment
An affiliate of Nuveen says it has invested in an SRT for the first time

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

AnaCap's credit team spins out to form Veld
Veld, Veld, Veld. If it isn't AnaCap's former credit business

Glennmont raises €250m for renewable energy credit fund
Glennmont Partners has raised €250 million for a fund that will invest in renewable energy and sustainable infrastructure

Axa IM reorganises alternatives unit into five streams amid AUM growth
Axa Investment Managers has reorganised its ‘alternatives’ business into five streams and made four promotions

LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

BlackRock closes £1.7 billion private debt fund with wide mandate for UK pensions
The firm has deployed around 60% of the fund, which invests across US and European direct lending, US and European real estate debt and the firm’s global opportunistic strategy

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

HSBC and Mount Street sign servicing agreement with Aviva for real asset business
HSBC and Mount Street Group have signed a 10-year asset servicing agreement with Aviva Investors for its £50 billion (€59.07 billion) real asset business

"If anything is to be salvaged from the rest of 2022, the economy needs a hero — and quickly"
Something has gotta give as a recession looms in the US. Might it be energy?