Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

PennantPark closes levered sleeve of private credit fund at $460 million
PennantPark Investment Advisers has closed the levered sleeve of its fifth comingled fund, PennantPark Senior Credit Fund Levered. Its unlevered sleeve, PennantPark Senior Credit Fund, is due to hold a final close in December

Barings completes first middle market CLO since 2019
Barings has issued its first CLO backed by middle market loans since October 2019

Cerberus prints lesser-spotted CLO reissue
Cerberus Loan Management priced a rare CLO reissue on Wednesday in just the fourth deal of this flavour of transaction to print in 2021

Marathon targets $300 million for inaugural healthcare credit fund
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans

Unusual double As jump tighter as BMO keeps it in-house again with CLO refi
BMO has refinanced a CLO for BMO that resulted in junior double As moving much tighter relative to senior double As 

Antares prints largest new issue CLO for four months
Antares Capital priced the fourth largest new CLO of 2021 on Tuesday with the $806 million Antares CLO 2021-1

AlbaCore swims to €1.5 billion first close on European private debt fund
AlbaCore Capital Group has held a first close on its third European direct lending fund, which has a €2 billion target

LP round up: big name managers win direct lending mandates amid $1.5 billion allocations
Apollo, Ares, Barings and CVC were among the beneficiaries of the direct lending rush in May 

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Novicap tech platform targets credit investors with fundraising drive
Novicap, a fintech company offering working capital optimisation solutions to SMEs and mid-market corporates, is looking to debt capital markets participants such as credit and structured credit funds, asset managers, pension companies and insurers as it seeks to raise third-party funding for its credit platform

Tech firm tempts credit investors with supply chain finance offer
Novicap, a fintech company focused on invoice financing, is looking to debt capital market participants — such as credit and structured credit funds, asset managers, pension companies and insurers — as it seeks to raise third-party funding for its credit platform

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

KKR, Oak Hill and Madison print combined $1.3 billion CLO resets
KKR Credit, Oak Hill Advisors and Madison Capital each priced a CLO reset on Wednesday, with the three deals amounting to $1.27 billion

Carlyle hires head of credit investor relations in New York
Carlyle Group has hired an ex-Pretium official to lead investor relations for its credit platform

Kartesia closes €1.5 billion credit opportunities fund
Kartesia has closed its fifth credit opportunities fund, Kartesia Credit Opportunities V, at €1.5 billion

Mid market CLO league tables: Antares and Wells Fargo press reset to lead market
Following March's $5.87 billion, the busiest month of mid market CLO issuance since at least 2016, April felt like a quiet month for mid market CLOs with $2.26 billion pricing across three new issues, two resets and one partial refinancing

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

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

Carlyle and Aflac officials lead new ACC committee with ESG template outlined as priority
The Alternative Credit Council has launched an ‘investor manager committee’, chaired by Carlyle Group’s Erica Frontiero and Elena Boeva from Aflac Global Investments, that has ESG in private credit as one of its first orders of business

Morgan Stanley flies the banner for Brigade and Maranon new CLOs
Morgan Stanley printed two new CLOs this week after scoring mandates from Brigade Capital Management and Maranon Capital

Carlyle senior credit investor joins fintech firm as CFO
An experienced credit investment professional at the Carlyle Group has moved to become chief financial officer at fintech company NoviCap

Ucits at a glance: Advent and Algebris lead the pack again
Ucits funds saw the brighter side of February, as 80% of funds achieved a positive return

Monroe issues first CLO since Bonaccord equity deal
Monroe Capital has priced its first new CLO in nine months, issuing a $455 million middle market transaction named Monroe Capital MML CLO XI