US power generators: Falling prices spark bankruptcies
As renewables and gas undercut traditional power generators, bond holders are preparing for price shocks. By Euan Hagger

Former ICG credit head Kershaw takes advisory role at distressed debt firm
Dagmar Kent Kershaw, the former head of Intermediate Capital Group's credit fund businessin Europe and Australia, has landed an advisory role at a $7 billion distressed debt manager

Brokerage Exotix appoints global head of fixed income
London-based Exotix Capital has appointed Dean Tyler as global head of fixed income

Former Greylock professionals iron out plans for EM distressed launch
Two London-based former professionals from Greylock Capital Management are preparing to formally launch Fierro Capital Management two years after the firm's incorporation, Creditflux understands

Manager holds first close on second Italian credit recovery fund
DeA Capital Alternative Funds has announced the first close of its second Italian credit recovery fund at €300 million

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

Alchemy strikes gold with new distressed fund hitting £900 million
Distressed debt specialist Alchemy Partners has successful raised £900 million for its fourth special opportunities fund, holding a final close at the fund's hard cap

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

Searchlight hires former head of opportunistic European credit at Apollo
Apollo Global Management's former head of European opportunistic credit Ralf Ackermann has been hired as partner at private investment firm Searchlight Capital Partners

Bain swoops for another portfolio in Italy
Bain Capital Credit has acquired yet another portfolio of assets from a European bank

EQT raises €1.3 billion for its latest credit opps fund
EQT has rounded out 2017 with a final close on its private credit fund at €1.3 billion

Pre-insolvency arrangements: restructuring schemes set to go Dutch
Brexit-hampered UK courts could lose out as schemes of arrangement are updated in the Netherlands and Singapore

Eyck founding partner moves to London investment manager
A founding partner at Eyck Capital Manager, London-based Luca Moro, has resurfaced at investment manager Numen Capital

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

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

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

New European credit firm hires investor relations head from CQS after strong start
A recently-launched fund manager has hired from CQS after raising roughly €100 million for its debut credit opps fund

Bain takes new route to NPL acquisitions as it strikes deal with Liberbank
Bain, Oceanwood and Liberbank are taking part in an unusual NPL deal referencing €602 million of assets

Goldman Sachs hires seasoned distressed debt specialist in London
Distressed debt specialist leaves Deutsche Bank after seven years

Fund managers refocus sights on Italy in pursuit of NPL portfolios
Distressed debt specialists are shifting their attentions from one part of southern Europe to another, according to market sources

Local Pensions Partnership looks to go direct with £1.3 billion credit fund
The Local Pensions Partnership (LPP), which runs the pension schemes of two separate UK local government areas, has announced the launch of a £1.3 billion ($1.7 billion) credit fund

London-based Signal raises €725 million for credit and real estate funds
London-based private asset management firm Signal Capital Partners has raised €725 million with an investment strategy targeting credit and real estate special situations

Insurance-affiliated manager hires from Pemberton for direct lending push
An asset manager with access to insurance company capital has hired the former UK & Ireland head of origination from Pemberton Asset Management

Davidson Kempner raises $1.75 billion for distressed debt fund
Davidson Kempner has raised $1.75 billion for a new fund focused on distressed investments, Creditflux has learned