Principal Asset Management hires MD for sponsor-backed direct lending
EXCLUSIVE: Jordon Thompson, who most recently worked for Cerberus Capital Management, now covers sponsor relationships for Principal Asset Management 

Sixth Street to open Singapore office, hires head of APAC
The private credit manager has created the new role to better raise investor capital and expand the firm’s investment capabilities in the region

Carlyle snags Goldman’s Alex Chi for head of direct lending
Chi most recently served as co-head of Americas private credit at Goldman Sachs Asset Management

Goldman launches private credit fund for retirement portfolios
The product will be used in a retirement product backed by Great Gray, BlackRock and Wilshire Advisors to give individual investors access to public and private assets

Goldman Sachs launches capital solutions group for banking clients
Goldman Sachs is combining its financing, origination, structuring and risk management solution activities in global banking, and also named Vivek Bantwal as co-head of global private credit

Antares plans unit buying private credit loans from other lenders
Antares eyes buidling out a private credit secondary business to buy loans from other lenders

Comvest hires Goldman Sachs exec for direct lending origination role
Comvest Partners has hired David Gibson as a managing director on the firm's direct lending investment platform Comvest Credit Partners

Sixth Street taps Goldman Sachs exec for co-chief investment officer
Sixth Street Partners taps Goldman Sachs veteran Julian Salisbury for co-chief investment officer role

Credit funds at a glance (January 2022)
A round up of fundraising and people moves in credit

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Goldman Sachs collects $4 billion for large cap direct lending
Goldman Sachs Merchant Banking Division has raised at least $4 billion for its fourth large cap-scale direct lending fund, Broad Street Loan Partners IV

Calpers allocates $3.5 billion to Sixth Street and Goldman Sachs
Californian pension heavyweight Calpers is allocating a whopping $3.5 billion to private credit managers 

Apollo appoints head of credit valuations from sell-side
Apollo has appointed a head of credit valuations, as its previous head of credit valuations has transitioned internally to cover private equity valuations

Thoma Bravo brings in ex-Goldman veteran to spearhead credit division
Private equity firm Thoma Bravo has appointed an ex-Goldman Sachs official veteran to spearhead the firm’s credit division

Goldman Sachs collects $6.4 billion for opportunistic credit fund
Goldman Sachs’s merchant banking division has collected $6.4 billion from more than 1,500 investors on its inaugural opportunistic credit fund, West Street Strategic Solutions I

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

Fitch places five BDCs on negative outlook
Fitch Ratings has changed the outlooks of five business development companies from stable to negative folllowing a review of its rated BDCs

Goldman Sachs in talks to buy minority stake in Permira
Goldman Sachs is looking to buy a minority stake in private equity firm Permira

Goldman Sachs AM explores interval structure for credit fund
Goldman Sachs Asset Management has begun marketing for an interval fund primarily focused on credit investments

Goldman Sachs AM merges public and private BDC
Goldman Sachs Asset Management has merged two of its business development companies: Goldman Sachs BDC, a $1.54 billion publicly traded BDC, and private BDC Goldman Sachs Middle Market Lending Corporation, which has $1.7 billion assets

Goldman Merchant Bank secures $4.4 billion senior debt capital to deploy
Goldman Sachs merchant banking division has closed its latest senior direct lending fund, Broad Street Senior Credit Partners II

"It makes no sense in a one-to-one world": Goldman BDC dissolves JV with pension fund
Goldman Sachs BDC (GSBD) has dissolved its joint venture partnership with Regents of the University of California as the Senior Credit Fund “no longer makes sense in a one-to-one world”, according to the business development company's Q4 2018 earnings call.

BDCs find variety of routes to higher leverage but remain cautious of two-times limit
Business development companies have been granted flexibility by US regulators, but there seems to be little consensus on the best way to take advantage

Goldman's BDC receives 95% shareholder approval for leverage increase
Following recent regulatory changes, the $1.23 billion Goldman Sachs BDC has received a 95% shareholder approval to raise its debt to equity ratio from a one-to-one to a two-to-one ratio