FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

EM manager crosses $2 billion fundraising mark across four debt funds
London-headquartered Ashmore Group has now raised more than $2.3 billion in total between four of its Luxembourg-domiciled emerging market debt funds, regulatory filings indicate

Weeks after a $550 million close, Silver Point raises $511 million for distressed debt
Greenwich-based Silver Point Capital has raised more than $511 million for a new distressed debt fund, regulatory filings show

Southpaw weighs in at $3 billion through distressed debt strategy
Distressed debt specialist Southpaw Asset Management has crept over the $3 billion mark for fundraising for its credit opportunities strategy, with the help of $200 million raised over the past 12 months

GSAM loses another co-portfolio manager on $4 billion high yield fund
A former managing director has left Goldman Sachs Asset Management (GSAM) just months after one of his co-portfolio managers departed the firm, US SEC filings indicate

Charlotte direct lender taps former BAML specialist for chief risk officer role
Capitala Group has hired Peter Sherman as chief risk officer, the North Carolina-based direct lender has announced

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

Buoyed by four credit fund closes, Brookfield grows AUM by $35 billion in 2017
Toronto-based property manager Brookfield Asset Management has described 2017 as a “very successful” year characterised by strong fundraising for real assets, as well as significantly increased net income and funds from operations

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

New York manager raises $100 million for credit opps fund in a year
One William Street Capital Management has raised about $100 million for a credit opportunity fund over 12 months, regulatory filings indicate

Energy PE firm Orion closes second credit opps fund at $816 million
Orion Energy Partners, a private equity firm providing capital solutions to mid-market energy infrastructure businesses, has closed its second credit opportunity fund at $816 million

US credit manager passes $2.7 billion for securitised credit fund
Marathon Asset Management has now raised more than $2.7 billion for its Marathon Securitized Credit Fund, according to regulatory filings

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

Hildene makes huge 2017 gains after wringing every drop from 1.0 CLOs
For the most part, 1.0 CLOs are on their last legs with very few pre-crisis deals outstanding – but one fund manager has made hugely profitable trades in this area

Florida pension fund commits $200 million to Doubleline's MBS strategy
Florida State Board of Administration approved a $200 million commitment to Los-Angeles based Doubleline for its opportunities credit fund in Q4 2017, according to board documentation

MidOcean nets $87.6 million in 12 months for credit opps fund
MidOcean Partners has raised more than $87 million in a year for its first Credit Opportunity IDF fund, regulatory filings indicate

Willis Towers Watson fund exchange hires new US head in New York
Willis Towers Watson’s Asset Management Exchange (AMX), an institutional asset management marketplace, has appointed a new US head

SSGA reports healthy income and AUM boost in Q4 2017
In its earnings release yesterday, Boston-headquartered State Street Global Advisors reported a rise in net income to $687 million for fourth quarter 2017, up from $648 a year earlier – a 19.1% increase

West coast manager closes $1.9 billion direct lending fund
Alternative investment manager Tennenbaum Capital Partners has held a final close of its eighth direct lending fund, TCP Direct Lending Fund VIII, with more than $1.9 billion of capital commitments

US mid-market earnings grow 12.8% in Q4 2017, up from 4.9% in Q3
Earnings in the US middle market grew by 12.8% in fourth quarter 2017, while overall revenue grew by 11.5% during September and October 2017, according to a Golub report

Crestline targets up to $500 million for new portfolio financing fund
Credit specialist Crestline Investors is launching a new fund to provide financing solutions to mature private equity funds, according to documents seen by Creditflux

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

US manager looks to build concentrated portfolio with for $400 million fund
As Sound Point Capital prepares for the launch of its Strategic Capital Fund, the New York debt shop has revealed it has over $200 million soft circled out of a total targeted fundraise of $400 million