Pemberton expands into North America with new office, hires
The European private credit shop has established an office in New York

US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

Pemberton raises EUR 6.1bn for senior direct lending funds
The asset manager held a final close for Mid-Market Debt Fund IV and Senior Loan Fund II

Pemberton prices third CLO as Euribor plus 140bps emerges as AAA market level
Indigo Credit Management III followed a deal from HPS as the European primary market began to reopen after nearly a month of new issue inactivity

Pemberton appoints head of European GP, NAV financing origination
Jürgen Breuer previously helped the manager build out its DACH direct lending effort

Pemberton picks up pace as it markets third-ever European CLO
Indigo Credit Management III is expected to price in early April

Pemberton goes short for second CLO
The European manager adopted a two-year reinvestment period for the EUR 405.8m Pemberton Indigo II CLO  

Public Pensions, Private Pursuits: 26th-30th August 2024
Pennsylvania, New Mexico and Illinois reveal private credit investments, while the Texas and Arizona systems plot moves

New Mexico pension system allocates USD 150m to private credit
The New Mexico State Investment Council is diversifying its European exposure with a new private credit fund commitment

Funds round up: private credit reaches for retail
A number of new credit funds launched last month to round out 2024's first quarter, including ones in Europe aimed at retail investors

Pemberton raises EUR 2.3bn for opportunistic direct lending fund
Pemberton Asset Management recently held the final close of its Strategic Credit Fund III with EUR 2.3bn raised

Zurich and Pemberton team up for new ELTIF 2.0 private credit fund
The new ELTIF 2.0 fund will give Individual investors and life insurance customers in Europe access to the private debt markets

Debut manager joins European CLO market
The European CLO community grew a little bigger yesterday with the pricing of a deal from the first new entrant to the market since May

Pemberton hires head of sustainable investing
Pemberton has hired a managing director and head of sustainable investing

Pemberton hires business development head from Federated Hermes
Pemberton has appointed Harriet Steel as partner and head of global clients

Pemberton raises $1bn for rare working capital finance strategy
Pemberton says it has raised $1 billion for its working capital finance strategy, in what it believes makes Pemberton one of the first asset managers to offer such a short-term credit strategy to institutional investors

Luxembourg regulator fines Pemberton after 2020 on-site inspection
Private debt manager Pemberton has been fined €22,100 by Luxembourg regulator CSSF after "failures to comply" with "risk management, general principles of the organisational requirements and the supervision of delegated activities"

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

Pemberton launches second senior loans fund
Pemberton Asset Management is launching a successor European senior loans fund, having registered Pemberton Senior Loans GP II with Luxembourg regulators in October

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

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

Pemberton confirms four hires including one CLO official
Pemberton has revealed four new senior hires across Europe including one CLO official, who reunites with former Spire official Rob Reynolds

Pemberton finds direct lending edge in NAV financing
NAV financing for private equity sponsors is gaining popularity, with Pemberton Asset Management the latest manager getting in on the act

Pemberton hires Allianz GI official to lead new Munich office
Pemberton has opened its second German office in Munich and has appointed a former Allianz Global Investors official to lead