Monroe moves into special situations credit after hiring from Melody
US middle-market lender Monroe Capital is expanding into special situations credit

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

German fund manager launches CLO Ucits fund
A firn with over €1 billion invested in European CLOs has launched a new fund to invest in senior tranches 

Fishknife: Interval funds are a step in the right direction
They bring their own dangers, but interval funds are a better vehicle for managing illiquid credit than conventional funds

Oaktree finds space for structured credit in new global credit fund
Oaktree Capital Management has shed some light on its eagerly-awaited push into the structured credit market

KKR Credit's upcoming direct lending fund surpasses $600 million
Fundraising for direct lending strategies is firmly on the agenda at KKR

Neuberger Berman raises $450 million for CMOA
Neuberger Berman says that it has raised $450 million for its risk retention vehicle, Neuberger Berman Loan Advisors

Axa IM global loan fund tops €1 billion in AUM
Axa Investment Managers has announced that its Axa IM Loan Fund has hit €1 billion in size.

BlueBay closes senior-only European debt fund at €3 billion
BlueBay Asset Management has announced that it is held a final close on a €3 billion European direct lending fund

Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years

Barings goes global with new mid-market strategy after rapid fund raise
Barings says that it has raised $1.3 billion for a new middle-market credit fund after less than six months on the marketing trail

Angelo Gordon raises its second direct lending fund in two years
Twin Brook Capital Partners has announced the final close on its second direct lending fund at $1.6 billion. Taking into account related managed accounts, the Angelo Gordon subsidiary has raised $2.3 billion for the strategy

GSO goes in-house for its latest credit interval fund
GSO is planning a novel onshore fund to invest in loans and CLOs, according to a prospectus recently filed with the SEC

Abraaj steps up fundraising for new $500 million global credit fund
The International Finance Corporation is looking to make a $20 million allocation to a new credit fund being launched by Abraaj Group

Southern US public pension fund bumps up allocation to distressed credit
Redwood Capital gains $200 million for distressed credit as $42 billion pension fund steps up allocation to stressed and opportunistic credit

Bain adds almost €1 billion of Iberian non-performing loans to its AUM
Bain Capital Credit has announced that it has bought its first portfolio of non-performing loans in Portugal as well as making its ninth such acquisition from a Spanish bank

BlackRock raises UK fund with large private credit allocation
BlackRock has announced the first close of an alternatives fund with a large allocation to private credit

Michigan pension goes back for more of manager's direct lending fund
The State of Michigan Retirement Systems made a secondary purchase of a US direct lending fund

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

Cerberus outlines CLO-based mid-market financing strategy
Cerberus claims not to be a CLO manager (not in the traditional sense anyway), but the firm is targeting two more mid-market CLOs this year

Private credit manager eyes merger amid tough fundraising conditions
A direct lender operating a in one of the sparsely-populated parts of the market is open to a strategic partnership with a fund manager after scrapping a fund launch 

HIG raises new fund as head reveals secret sauce in direct loan origination
HIG WhiteHorse has announced that it has closed its debut direct lending fund, the HIG WhiteHorse Direct Lending Fund, after making a big push into the strategy last year

Pemberton to take flexible approach with new direct lending strategy
Direct lender Pemberton will have the ability to provide junior financing to performing companies as part of a new initiative

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

CVC Credit raises $600 million for global CLO risk retention programme
CVC Credit Partners has announced the final close of its $600 million CLO risk retention vehicle, CVC Credit Partners Global CLO Management.