Tikehau preps sixth European direct lending fund launch
Tikehau Capital is preparing to start fundraising for its sixth European direct lending fund, Tikehau Direct Lending VI 

Angelo Gordon wraps up fundraising for $1.3 billion credit dislocation fund
AG CSF2A (Annex) Dislocation Fund is an extension of the AG Credit Solutions Fund II, which held a $3.1 billion final close in April last year.

Oaktree targets $10 billion for LBO financing strategy
The launch of the firm's large-cap sponsor-backed private credit strategy follows banks retreating from the LBO space and a more compelling risk-adjusted return than other sectors in the market

Proskaeur hires CFO specialist from SocGen
Proskauer has announced the appointment of Matthew Kerfoot as partner in its finance group in New York

Crescent amasses $8 billion investable capital for eighth credit solutions fund
The fund had an original $4 billion target, according to Debtwire Funds Data

Ivy Hill climbs back into CLO market after Natixis plants mid-market deal
Ivy Hill Asset Management is back with its first middle-market US CLO in two years 

Fund performance: Credit funds end difficult 2022 on a positive note
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black

"Conditions making deal financing challenging for issuers can harm beneficial terms for investors"
Direct lending terms look better than at any point in the past decade. But is there enough to go around?

Alpha Dhabi taps Apollo Mubadala partnership with $2.5 billion private credit JV
The group will leverage Mubadala's relationship with Apollo Global Management to access "high quality private credit investment opportunities" 

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

Atalaya hires managing director in specialty finance practice
Atalaya Capital Management has hired Bharath Subramanian as managing director in its specialty finance practice in New York

Ardian closes €5 billion European direct lending fund
Ardian has closed its fifth mid-market European direct lending strategy with €5 billion capital commitments, exceeding its €4 billion target

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

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Churchill raises $12 billion for senior lending strategy
The total includes closes of Churchill's levered, unlevered funds and separately managed accounts

Monroe prints second middle market CLO of the year
Monroe Capital Partners priced its first middle market CLO since February on Tuesday, and the largest middle market CLO in four months

Vista hires from Anchorage to lead credit platform investor relations
Vista Equity Partners has appointed Michael Charlton as managing director for capital and partner solutions, responsible for investor relations on the firm's credit platform Vista Credit Partners

Apollo invests $1 billion in IG CLOs, launches secondary solutions platform and cuts BDC fees
In its earnings call, Apollo highlighted the resilience of the CLO asset class, strong deployment in direct lending, upcoming reduction in management fees for its publicly traded BDC and the launch of a new secondaries and sponsor solutions platforn, seeded by Abu Dhabi Investment Authority

KKR reports $115 billion dry powder as it changes public markets business name
KKR reported strong deployment and dry powder figures but fee-related earnings came short of expectations

Ares plans four credit fund launches amid strong deployment
Ares Management benefitted from strong private credit deployment in the quarted and unveiled plans to raise its sixth European direct lending fund, second flagship closed-end alternative credit fund and third US junior capital direct lending fund

First Eagle wraps up fundraising for $1 billion direct lending fund
The strategy will target 6-9% net internal rate of return for its unlevered sleeve and 8-11% net IRR of return for its levered sleeve

Mid market CLO league tables: KeyBank notches first new issue credit
Managers priced one new issue and one reset in the mid market CLO space in June for a total of $603.1 million, the lowest monthly figure since January when $590 million was priced

Arcmont says liquid loan opportunities depend on timing as it advocates direct lending instead
Arcmont Asset Management has made the case for direct lending over syndicated loans in a white paper, despite having being an admirer of CLO management platforms 

CLO official takes top role as Onex announces new credit leadership
Onex Credit Partners has announced a new leadership structure with two co-heads of credit replacing the CEO that left late last year. One of the promotions is an experienced CLO official 

Mid market CLO league tables: Familiar feeling as Golub and Natixis lead after tumultuous month
Only $1.15 billion of mid market CLO issuance was priced in May, for the quietest month in the space since January