Two Benefit Street credit funds close at hard cap
Benefit Street Partners has announced the final closing of its fourth flagship fund, Benefit Street Partners Debt Fund IV, as well as a close of its inaugural Benefit Street Partners Special Situations Fund

SkyBridge unveils $129 million of new investments with two firms
Two of the New York manager's fund of funds switched up their holdings in third quarter 2017, investing about $129 million collectively in two funds while apparently dropping four others between them

East coast manager with niche focus raises $100 million for new credit fund
A New Jersey asset management firm with a focus on the “life-contingent” asset class has launched a new credit fund

KKR promotes recent hire to its European credit business
KKR has revealed a list of promotions across its private credit strategies. They include the promotion of Matthieu Boulanger – who joined KKR only mere three months ago – to partner

Deutsche AM corporate bond fund to liquidate by mid-March
Deutsche Asset Management is pushing forward with the liquidation of its High Income Opportunities Fund, with final liquidation distributions expected to be made in about three and a half months

Private credit allocator finds there is no substitute for the real thing
A US pension scheme is considering decreasing its allocation to private credit – and it has nothing to do with performance

BNY Mellon launches multi-asset vehicle to be subadvised by Pareto
The BNY Mellon Insight Broad Opportunities fund will invest in a broad range of asset classes, including equities, fixed income, currencies, real estate, listed infrastructure and commodities

Hedge fund with US and UK offices to shutter following poor performance
The New York-based firm, which invested in a range of strategies including long/short liquid credit, is shutting down and returning all capital to investors

They said it: long faces on flow traders
Citi’s Jim Hughes tells the Creditflux CLO Investor Summit about how difficult life is for flow credit traders

Retail sector ailments could easily turn into pandemic
Credit’s retail malady is infectious and uncontainable as retailers face up to obsolete business models

California manager drafts in former KKR vice president as CFO
A west coast firm has hired KKR's former vice president of finance. He will step into the role of chief financial officer as well as chief compliance officer

Former IR head at Minnesota alternatives firm re-emerges at Castlelake
An investor relations director who worked at an alternatives manager until April has resurfaced at another alts firm in Minneapolis, Creditflux has learned

Denver manager raises $22 million for structured credit fund this year
The Wickapogue Structured Credit Fund, launched in November 2016, has raised about $22.2 million according to a regulatory filing

West coast manager launches debut credit fund
A new San Francisco-based boutique has launched a credit fund, a regulatory filing indicates

Acis's legal battle with former partner takes new turn
The legal battle between Josh Terry and Highland affiliate Acis Capital Management shows no sign of slowing down, with Terry – a former partner in Acis, who co-founded the firm in 2011 --issuing a fresh legal motion in the case

Harvest acquires $1.9 billion investment manager Astor
JMP Group's subsidiary Harvest Capital Strategies has made a minority investment in Astor Investment Management, according to an announcement today

SEC names deputy director for its investment management unit
The SEC has appointed Paul Cellupica as deputy director for its division of investment management

CarVal draws $280 million in a year for international credit fund
The CVI International Credit Fund, which launched in 2011, has now made sold a total of $1.3 billion from US and non-US investors

Orchard launches liquid credit fund
Orchard Global Asset Management has debuted a new credit fund, which has sold $8 million so far

Managers plan to lower fees after holding steady for two years, survey finds
More than one-fifth of US-based investment managers said they planned to lower their fees in 2017, according to the Callan Institute’s 2017 Investment Management Fee Survey

Natixis rebrands its asset management arm
Natixis has changed the name of its asset management to "better highlight its multi-affiliate business model"

Investors approve appointment of Aberdeen as advisor on Avenue fund
Shareholders of the Avenue Income Credit Strategies Fund have approved a new advisory and sub-advisory agreement for the fund

US manager becomes latest to receive China private fund management license
US manager becomes the latest foreign firm to recieve an approval for the private fund management (PFM) license in China. 

CSAM closes unit it launched to take minority stakes in hedge fund managers
Credit Suisse Asset Management is unwinding Anteil Capital Partners, the private equity unit it set up to take minority stakes in hedge fund firms, according to a market source

Investment funds lawyer joins Ropes & Gray in Boston
Law firm Ropes & Gray has appointed Keren Rimon –formerly of from Harvard Management Company – as counsel in the firm’s private investment funds practice in Boston