Oak Hill launches 'tactical' investment fund
Oak Hill Advisors is on the fundraising trail with regulatory filings indicating the credit specialist is launching a vehicle known as OHA Tactical Investment Fund

Fund manager hires Hayfin's structured credit head and launches CLO fund
An experienced CLO and structured credit fund manager has hired from Hayfin Capital Management as it targets $300 million for a CLO fund

Patrimonium launches two private debt funds
The Swiss-based direct lender its targeting  €800 million for its second co-investment fund with Credit Suisse and has developed a new credit opportunities strategy

PGIM prepares listed credit fund
PGIM is marketing a ‘flexible’ listed fund, dubbed PGIM Strategic Credit Fund , to invest at least 80% across fixed income

Investcorp targets most liquid loans for new European credit fund
Investcorp Credit Management is targeting “the largest and most liquid European issues” after raising €318 million for a levered credit fund that invests in European loans

Basis and capital structure strategies zing for Xaia as market anomalies multiply
April was another challenging month for most funds. But some managers were able to take advantage of relative value opportunities and growing investor appetite for this form of investment strategy

Fund managers gear up for talf 2.0 investment potential
Institutional investors have been pouring money into the talf-focused (term ABS loan facility) funds, with ArrowMark, Loomis Sayles and Nuveen among the managers to benefit

Credit funds at a glance (June 2020)
A round-up of fundraising and people moves

LP round-up: talf and dislocation funds win as pensions allocate $350 million to credit
Investors poured in $350 million to eight credit-focused funds, primarily to credit dislocation funds. Private debt continued to remain stead with investors maintaining or increase allocations 

Onex looks to raise up to $400 million for US loan fund
Onex Credit Partners is launching a US loan fund with a fundraising target of $300-400 million, according to market sources

KKR raises $4 billion for coronavirus dislocation credit strategy
KKR has collected $4 billion to invest across credit opportunities in eight weeks– including $2.8 billion in its KKR Dislocation Opportunities Fund and over $1.1 billion from managed accounts

MGG targets $500 million for 'special opportunities' direct lending fund
MGG is launching a new direct lending fund that will target a higher risk-return profile than its flagship direct lending strategy

Saba launches new credit hedge fund
Saba Capital has raised at least $165 million for a new credit hedge fund,

Ellington holds first close on structured credit dislocation fund
Ellington Management has launched a mortgage recovery fund

Capital Four launches two CLO funds
Capital Four Management has plans to launch two structured credit funds focused on CLOs  that aim to capitalise on dislocation at both ends of the CLO capital stack, sources say

Eaton Vance signals intention to raise new credit fund
Eaton Vance Management has filed a preliminary prospectus with the SEC for a new opportunistic credit fund, Eaton Vance Income Opportunities Fund

PGIM prepares short duration fund
PGIM has filed its intentions to begin fundraising for a new opportunistic fund. PGIM Short Duration High Yield Opportunities Fund will invest primarily in high yield fixed income instruments that are rated below investment grade

Atalaya targets $1 billion for fifth specialty finance fund
Atalaya Asset Income Fund V launched earlier this month with $295 million of assets

Slate to deploy $500 million in Canadian real estate and hires managing director
Toronto-based real estate investment manager Slate Asset Management is set to deploy $500 million investments targeting coronavirus-impacted businesses in the Canadian real estate industry, and has announced a managing director hire from Brookfield Financial

Investcorp launches Italian NPL fund
Investcorp has raised €340 million for an Italian non-performing loan (NPL) fund, following a similar strategy to a 2017 fund

TCW targets $1 billion for talf fund and attracts two pensions
Two pensions have allocated a total of $150 million to TCW's TALF Opportunities Fund, managed by TCW Group 

Apollo collects $1.75 billion for dislocation fund in two months
Apollo Global Management has taken eight weeks to raise $1.75 billion for a dislocation credit fund, Apollo Accord Fund III B

Fairfax pension mulls $90 million commitment to two talf funds
The Educational Employees' Supplementary Retirement System of Fairfax County is mulling a $90 million investments in term asset backed lending facility funds managed by Alliance Bernstein and Nuveen

Candian pension allocates $250 million to dislocation credit fund
Investment Management Corporation of Ontario (Imco) has allocated $250 million to a dislocation credit fund managed by Apollo Global Management

Minnesota pension's 2020 credit allocations hit $1 billion
Minnesota State Board of Investments has earmarked $400 million across to two credit managers in a private market update. The commitments mark $1 billion allocated to credit in 2020 by the pension