Campbell Lutyens hires former L&G MD for GP capital advisory biz
Hannah Gore-Randall joins the global private capital advisory firm after Legal & General discontinued its balance sheet-driven GP stakes programme

MidCap hires MD for asset-based lending originations
The new hire previously worked at Apollo-affiliated equipment finance platform Capteris

Private credit inflows face uphill battle even as 401(k) doors open
Although US President Trump’s executive order opens defined contribution retirement plans like 401(k)s to private credit investments, a sudden and meaningful rise in inflows is unlikely 

PGIM looks to build private credit secondaries strategy
EXCLUSIVE: The insurer-linked asset manager already has secondaries capabilities through the acquisition of Montana Capital Partners in 2021

Legal analysis of Serta Simmons decision
Serta Simmons’ excluded lenders ring in the new year celebrating appellate wins across the board - debt exchange not conducted on 'open market'

LCH extends credit index option product to buy side
BNP Paribas and JP Morgan are the first banks to offer client clearing of credit index options through LCH CDSClear

Europe outpaces US as investors scramble to cover their shorts
Lifting of short positions has helped take European credit into a second successive day of outperformance against the US, with financial companies and some of the more recently volatile high yield names leading the way

Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis   

Goldman builds out exotics strategy amid tranche market high
The index tranche market is gaining support, with Goldman Sachs adding to those building up their presence, officials at the bank confirm

Credit index tranche trading on the rise amid low dispersion
At its halfway point, 2021 is shaping up as another big year for credit index tranche trading, with new investors having entered the market and dealers projecting full-year volume could vie with 2020’s record of recent times.

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

Large US manager launches CLO equity fund
A US manager headquartered in Atlanta has raised its latest CLO equity fund and collected at least $133.6 million of capital for the strategy

Bulls give up some gains as IG banks and energy lead market wider
In a cautious opening to the week, credit spreads are edging wider against a backdrop of faltering oil prices but marginally strengthened stocks

Longview Power turns to coal for handful of CLOs
CLOs hold $43.9 million of the debt of US power company LongView Power, which filed for Chapter 11 in the District of Delaware yesterday

Axa IM cancels Volta dividend due to CLO equity cash flow uncertainty
Axa Investment Managers has has cancelled the 28 April dividend payment to investors in its listed credit fund Volta Finance “in light of the ongoing uncertainty caused by the covid-19 pandemic"

Tabula adds dollar-hedged class to credit volatility ETF
Tabula Investment Management, a fixed income exchange traded fund (ETF) provider, has added a US dollar-hedged class to a product that captures the difference between realised and implied volatility in the CDS index options market

US loan trading: Sinclair loans dominate the airwaves as CLOs tune in
Sinclair Broadcasting Group and Diamond Sports – both subsidiaries of issuer Sinclair - worked their way into CLO portfolios in July, with 91 managers purchasing $1.42 billion of the loans in July

Neuberger Berman picks up fixed income investing team from BNP Paribas AM
Neuberger Berman has bolstered its European fixed income team with the appointment of six professionals from BNP Paribas AM

Tetragon shuts down distressed debt fund amid claims of fundraising struggles
Tetragon Financial Group is shuttering one of its subsidiary’s funds amid claims of troubles with fundraising

Carlyle structured credit fund surpasses $800 million
Carlyle Group has raised more than $808 million for a structured credit offering

Magnetar shoots for the stars with plans for $1 billion fund
Alternative asset manager Magnetar Capital has raised about $149.6 million for Magnetar Constellation Fund V