Texas fund poised to invest in upcoming GSO distressed debt strategy
An El Paso pension fund is set to invest $8.5 million in a new GSO Capital Partners vehicle, documents seen by Creditflux reveal

Former Credit Suisse affiliate takes in $115 million for structured credit fund
A New York-based credit manager that spun out of Credit Suisse has raised more than $115 million in the last year for its for a structured credit strategy that now totals $677 million

Illinois pension fund to invest in new NXT and Riverstone credit funds
An Illinois pension fund is set to invest $125 million with NXT Capital and $100 million with Riverstone Credit Partners as it ups its income allocation target by 1%

Palisades raises $26 million for new credit fund
West coast manager Palisades Investment Partners is fundraising for a new credit fund

Davidson Kempner raises $670 million for upcoming distressed debt fund
New York's Davidson Kempner is 67% of the way towards its target, sources say, as it markets its latest distressed debt fund

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

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

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

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

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

Highland shelves plans for format switch as interval funds gather pace
Instead of converting a mutual fund into an interval fund, Highland is looking to launch an interval fund - viewed as a investor-friendly alternative to BDCs - from scratch 

Värde closes latest fund at $1.7 billion
Credit manager Värde Partners has raised $1.74 billion for its latest fund, Värde Fund XII

Cross Ocean looks to take its platform global
Credit managers are queueing up to launch distressed debt funds

Carlyle draws up big plans in credit in reorganisation
Carlyle is diverting resources away from hedge funds and into credit. It has hired a new head of global credit and is currently fundraising in distressed debt and energy credit

Credit hedge fund founder moves to London to join Sandton
Distressed credit manager Sandton has hired a high-profile hedge fund founder who leaves behind Greenwich for London