UK pension partnership launches maiden private credit offering at £581 million
Border to Coast Pensions Partnership (BCPP) is set to commit £581 million in private credit, as part of its maiden offering in this asset class  

Italian pension eyes private market investments with debt and equity mandate
Fondoposte has launched a request for proposals in which it outlines plans to invest in private debt and private equity  

Arizona pension to deploy up to $700 million a year in private credit
Arizona Public Safety Employee System is looking to deploy $600-700 million in private credit strategies per year in order to meet its target allocation, according to board documents seen by Creditflux.

BlueBay private debt spin-off hires in credit opps following rebrand
BlueBay’s former private debt team has rebranded to Arcmont Asset Management, following the completion of its spinoff from BlueBay. And the independent entity is wasting no time in expanding its business by hiring two senior officials to oversee a new opportunistic credit strategy

Garrison BDC needs to liquidate, argues shareholder Clear Harbor
In a letter delivered to the board on Thursday, Clear Harbor emphasised several concerns and demanded a new independent investment advisor with liquidation expertise 

Newly formed Italian asset manager launches direct lending fund
Equita Capital is seeking a first close of its second private debt fund by February 2020, Creditflux has learnt. The fund is understood to have an ESG focus  

Crestline targets $1.75 billion for 'all weather' fund but investor questions fund size
Crestline Investors is seeking $1.5 billion capital ($1.75 billion hard cap) for its next 'all weather' global special situations fund, Crestline Opportunity Fund IV, with the Fort Worth-based firm looking to hold a final close in October 2019. But one institutional investor has raised concerns about the size of Crestline's latest fundraise.

Crestline bags $360 million for inaugural European opportunities fund
Crestline Investors has held a final close on its inaugural European special situations fund, Crestline Opportunity Fund III Europe, at $360 million, surpassing its original $300 million target size

Man hires real estate loan specialist from JP Morgan
Man Group has hired an investment director to its European private debt team

NEPC sees bias toward private markets despite lower return expectations
NEPC sees private markets in 2020 as a way for institutional investors to withstand volatility, said its director of asset allocation, Phillip Nelson, during a Q3 update yesterday

US pension backs Pimco to reach private credit target
Ventura County Employees’ Retirement Association (VCERA) is set to commit an additional $25 million to Pimco Private Income Fund

UK pension hires BNP Paribas AM for starring role in core-satellite private credit fund
UK pension fund Nest has appointed BNP Paribas Asset Management to run the core of a private credit fund, sources say, in an arrangement which sees Amundi and BlackRock manage certain satellite investments  

US pension allocates to Golub in bid to boost 'non-core fixed income' bucket
The State of New Mexico Investment Council has awarded $100 million to a senior debt fund managed by Golub Capital Partners, as part of a plan to bolster its non-core fixed income bucket

Russell and Mediobanca launch multi-asset fund with CLO allocation
Mediobanca Private Banking has joined forces with Russell Investments to set up a fund that has a 20% allocation to credit, sources say  

Portfolio Advisors wins $75 million for third mezzanine credit fund
Connecticut-based Portfolio Advisors has been backed by a US pension scheme and has plans to launch a senior debt initiative focused on first lien senior secured loans

Pimco's evergreen private debt fund attracts another US pension
Seattle City Employees’ Retirement System has become the latest manager to commit to Pimco's open-ended private credit fund 

CVC appoints director to bolster French private debt origination
The new hire is based in Paris and brings more than 15 years of financial market experience

Maryland pension allocates $25 million to evergreen private debt fund
Anne Arundel County Retirement and Pension System has allocated $25 million to an evergreen private credit fund managed by Pimco

UK pension awards private credit mandates and eyes co-investments
Nest, a UK defined contribution pension scheme, has selected Amundi and BlackRock as private credit managers, to manage a global real estate and global infrastructure debt mandate, respectively.  

Capital Four holds final close on nordic direct lending fund
The Copenhagen-based manager has held an €343 million final close for its latest private debt fund, according to market sources

RiverRock launches direct lending fund in partnership with European bank
RiverRock has launched a European direct lending fund in which it has signed an exclusive co-investment agreement with a bank

Oaktree BDC appoints CLO specialist as CEO and CIO
Oaktree Speciality Lending Corporation has appointed its new chief executive officer and chief investment officer, following the resignation of the incumbent CEO and CIO Edgar Lee

Minnesota pension slates $100 million for private credit
The pension fund has so far allocated $2.4 billion to private credit across 12 managers and 25 funds

Crescent BDC buys Alcentra BDC in $141.9 million transaction
As part of the deal, the combined business development company will go public and charge lower management fees

BDC consolidation continues with Oak Hill and BC Partners-affiliate merger
The consolidation of US business development companies continues... this time, with the merger of OHA Investment Corporation and Portman Ridge Finance Corporation