Pennsylvania pension fund to commit €150 million to direct lending
The Public School Employees’ Retirement Board has recommended a €150 million investment in Intermediate Capital Group's ICG Europe VII fund

Which flavour do you favour?
We asked four direct lenders for their opinions on four fictional European borrowers operating in software, food, consumer loans and retail – and found they had similar tastes.

Owl Rock BDC assets swell by $1.26 billion in 12 months
Owl Rock’s first business development company has increased its total assets by $1.26 billion and its net assets by $790 million in over just one year, filings indicate

Minnesota pension fund looks to commit $535 million to 'private credit'
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux

European direct lender seeks €2.5 billion for new Luxembourg-based debt fund
London-based direct lender Pemberton is launching a new debt fund that will invest in mid-market European companies, Creditflux has learned

Patrimonium's Heine reveals what it takes to be a direct lender in Germany
Europe’s middle market lending community this week heard just how gruelling a job it is to source deals in Germany. Heine answered a number of important questions such as, "how many beers does it take for a sourcing manager to make it through one year?"

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

Alcentra launches third direct lending fund
A year on from closing its second direct lending fund, Alcentra is understood to be marketing fund three in its direct lending series

European direct lending up 34% in recent quarter: Deloitte report
Direct lending in Europe continues to boom, according to the latest Deloitte deal tracker, which found a 34% growth of direct lending deals in third quarter 2017 alone compared to third quarter 2016

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

GreenOak announces final close at €600 million on real estate debt fund
The manager has held a final close on its Europe Secured Lending Fund, with total capital commitments of €600 million, surpassing its original target size of €500 million 

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017

Private debt manager makes multi-million dollar sales for third credit opps fund
Private debt manager Park Square has made significant sales for its Capital Credit Opportunities III fund over the course of a year, regulatory filings indicate

Balance of power shifts away from direct lenders
Mid-sized corporations are getting their way at the expense of direct lenders at the negotiation table, recent research suggests.

European Investment Bank supports Spanish direct lending with €300 million loan
The European Investment Bank (EIB) has approved a €300 million loan to Bankinter, a Spanish bank, in order to promote lending to small and mid-sized enterprises in Spain

Tikehau raises another €300 million through bond issue
Tikehau has considerable firepower to deploy into the credit market, obtaining €1.3 billion of financing in the last month.

Amundi hopes investors bite as it produces Italian ham and cheese offering
Amundi aims to raise €150 million for a new private debt fund that will invest in private bonds guaranteed by iconic Italian food products    

Swedish firm debuts direct lending fund with an eye on Scandanavian SMEs
A Swedish broker and asset manager has launched a new direct lending vehicle known as the Scandinavian Credit Fund I

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

New direct lending fund and CLO launch drive surge in manager's AUM
A European fund manager has seen its assets under management surge in Q3, thanks in large part to its private debt business

Investors prefer direct lending to CLOs
For the first time in the history of Creditflux’s credit allocator survey, investors have voted direct lending the best investment in credit. CLOs came joint second. By Michelle D’souza

Local Pensions Partnership looks to go direct with £1.3 billion credit fund
The Local Pensions Partnership (LPP), which runs the pension schemes of two separate UK local government areas, has announced the launch of a £1.3 billion ($1.7 billion) credit fund

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

BlueBay closes senior-only European debt fund at €3 billion
BlueBay Asset Management has announced that it is held a final close on a €3 billion European direct lending fund

Fast-growing private credit firm Northleaf brings in senior advisor
Northleaf Capital Partners has announced that Robert Weiss has joined as a senior advisor for its private credit team