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

Pemberton brings in European CLO veteran to build new business
Pemberton has hired European CLO veteran Rob Reynolds to build and head a new CLO platform. Creditflux first reported the London-based manager had intentions of building a CLO platform in March last year

Pemberton adds managing director in London
Pemberton has appointed a London-based managing director in its credit team

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Pemberton hires former BlackRock official for new Dubai office
Pemberton has become the latest credit manager to expand its presence in the middle east with a new Dubai office

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

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021

Pemberton lands big name structured credit specialist as it drives into SRTs
Pemberton has hired a senior banking figure well known to the structured credit market to oversee a risk sharing strategy at the firm

Pemberton closes €1.75 billion strategic credit fund 40% deployed
Pemberton Asset Management has closed its second strategic credit fund, Pemberton Strategic Credit Fund II, at around €1.75 billion

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Pemberton seeks partners for private debt strategies
Pemberton Asset Management is seeking to build long-term private debt partnerships with wealth and asset managers through its Pemberton Wealth & Asset Management Solutions initiative

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

European direct lender scopes out possibility of CLO management
Europe’s CLO market could welcome yet another entrant with a direct lender exploring the possibility of managing CLOs

Manager beats "more than 30" to partner with Zurich Invest for European direct lending
A UK-based fund manager has beaten off competition to land a partnership with Zurich Invest

Pemberton hires from Alcentra in bid to boost North American investor base
Pemberton has appointed a former Alcentra official to the newly created role as managing director for North American business development, as it seeks to expand its US and Canadian investor base

Pemberton hires Credit Suisse head of Emea high yield syndicate
European direct lender Pemberton has hired a managing director and mid-market debt portfolio manager from Credit Suisse

European direct lending fundraising dropped 77% YoY in Q2
European direct lending fundraising figures plunged in Q2 2020, as the effects of the covid-19 pandemic were felt across the globe

Pemberton holds €800 million first close on credit fund after two months fundraising
Pemberton held a €800 million first close on Pemberton Strategic Credit Opportunities II in March, after the fund began fundraising in mid-January. It has a €1.5 billion to €2 billion target size

Credit funds at a glance
A round-up of fundraising and people moves in credit

Pemberton adds managing director and head of Spain
Pemberton, a direct lender, has added a hire from Royal Bank of Scotland to lead Spain investments 

European Direct Lending Perspectives: fundraising records shatter
Fundraising in European direct lending hit €32.2 billion in September to mark a record-breaking year for the industry, according to the latest version of European Direct Lending Perspectives

Direct lenders start to overcome bank dominance in Spain
Spain is becoming a popular destination for direct lenders — despite the competitive terms offered by local banks. Sources say that borrowers are starting to look beyond pricing to ease of execution and flexible documentation.

Pemberton adds head of investor relations in London
The appointment comes at a time where the firm is looking to diversify its product offerings

Credit funds at a glance
A round-up of fundraising and people moves in credit

Pemberton pulls in €3.2 billion for European direct lending fund
Pemberton has closed its second European direct lending fund at €3.5 billion, exceeding its original €2.5 billion target size, and has deployed 70% of the capital