Virginia, Arkansas among systems expanding into alternative credit strategies
Recent Ares funds gain momentum with allocations from VRS, TCDRS; Arkansas Teachers plan multi-strategy credit SMAs with KKR, Brookfield

Michigan, New Mexico make large bets on asset-based credit strategies
Michigan SIB commits USD 800m to Apollo, LGT credit funds; New Mexico SIC allocates USD 400m for Ares, Pemberton funds

European CLO market predicted to double in size within five years
At the FT Live Euro CLO conference in London, managers have predicted rapid growth in the European market over the next five years

Pemberton strengthens CLO platform with new hire
Jay Daryanani has joined the firm as managing director and deputy head of CLOs

Pemberton reorganizes, appoints new private credit leaders
The firm’s chief credit officer is leaving at the end of March, the company said

European private credit CLOs ramp up, with Pemberton, Ares readying new deals
Pemberton to join Ares with new issues next year, while Barings looks at a reset of its initial static deal

Pemberton prices its second CLO of 2025, fourth overall
Indigo Credit Management IV issued with a value of EUR 407m, and was arranged via Goldman Sachs, which also priced Indigo Credit Management III in May

Pemberton raises USD 1.7bn for NAV lending to private equity firms
The London-based private credit shop has met its fundraising target for its debut NAV Financing Core Fund I

Specialised SRT investors bag healthy allocations as 'tourist money' steps back
SRT investors are receiving larger allocations when bidding for deals and banks are building closer relationships with investors, while those that run other business lines such as CLOs may find it easier to win deals

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