First Trust teams with TCW to launch unconstrained credit ETF
First Trust Advisors will act as investment advisor to the new actively managed fund, while TCW Investment Management will act as sub-advisor

Patrimonium holds first close for two European direct lending funds
Direct lender Patrimonium Asset Management has held a first close for two of its direct lending funds, Creditflux has learned.

Hamilton Lane holds $900 million final close for private credit fund
Pennsylvania-headquartered Hamilton Lane has doubled its initial $450 million target and held a $900 million final close for its fourth strategic opportunities fund

Invesco raises $150 million for distressed debt fund
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings

RM launches “highly defensive alternative fund” with 7-8% total return target
London-headquartered alternative credit fund manager RM Capital has launched a “highly defensive alternative fund”, VT RM Alternative Income Fund, which it claims to be the first of its kind

London pension funds pick CQS as first manager for new credit fund of fund
London Collective Investment Vehicle (London CIV), a fund for London pension funds, has announced the launch of its first fixed income offering – LCIV MAC fund

Brazil development bank launches $1.5 billion infrastructure credit fund
Brazil’s National Bank for Economic and Social Development (BNDES) is launching a new Brazilian infrastructure credit fund with support from the Inter-American Development Bank

TPG credit fund edges nearer $3 billion final after $150 million pension mandate
TPG Sixth Street Partners, the credit arm of private equity giant TPG, has been awarded $150 million for TSSP Opportunities Partners IV

Aberdeen Standard extends reach into China with new bond fund
The news follows after the firm registered its wholly foreign-owned enterprise Aberdeen Standard Asset Management (Shanghai) at the end of last year

Flat Rock prepares $100 million CLO equity-focused fund after big hire
Flat Rock will launch the new interval fund to primarily invest in CLO equity, with newly hired anchor CLO investor Shiloh Bates acting as one of the portfolio managers

IW launches first UK SME senior debt fund
London-headquartered IW Capital has launched its first  £4.5 million senior secured debt fund, which will invest in UK SMEs 

Redmont launches third private debt fund with focus on US southeast
Alabama-based Redmont Capital is looking to raise capital for its third private debt fund, according to US SEC filings

Onex raises $314 million for debut direct lending fund
Onex Credit Partners has raised $314 million for Onex Credit Lending Partners I - which has a $500 million target size, according to US SEC filings.

Spire moves into CLO investing with new credit fund
European corporate credit specialist Spire Partners has raised roughly €100 million for a multi-strategy fund that will have the ability to invest in CLOs

Real estate debt takes off as funds raise billions
Octopus's Ludo Mackenzie on why real estate debt is attractive: “In absolute terms, property yields are close to where they were in 2007, which would imply that the asset class is fully priced. In relative terms, however, compare commercial property yields to the risk-free rate and there is a healthy margin of around 3.5%.”  

Amundi launches new ESG-focused corporate bond ETF
Paris-based Amundi has expanded its fixed income range with the launch of a new socially responsible 'Ucits ETF', the firm announced yesterday

Credit interval funds thrive as investors value liquidity profile
“The interval fund structure’s time has come," says BlueBay's Blair Reid

Brantwood looks to launch credit special situation fund via online portal
Houston-based Brantwood Energy Partners is looking to raise capital for its energy credit special situations fund, picking a Canadian online portal to support fundraising efforts

Bain raises at least $239 million for structured credit fund
Credit specialist Bain Capital Credit has raised at least $239.5 million for its structured credit fund , according to US SEC filings.

Patrimonium set to launch two European direct lending funds
Direct lender Patrimonium Asset Management is launching two new direct lending funds – with both funds anticipated to hold first closes at around €150 million in the coming week, according to market sources

Highland merges funds to create new loan/CLO strategy
Highland Capital Management has merged certain funds to create a new strategy that will invest across corporate loans and CLOs, according to market sources

65% of distressed managers plan new funds over the next year, survey finds
Distressed debt is proving to be a popular strategy for managers, with 65% intending to launch a distressed strategy in the next 12 months, according to a report by Creditflux’s sister publication Debtwire and law firm Ropes & Gray.     

Ostrum and Natixis unite to launch real asset private debt platform
The new real asset private debt arm will target €6 billion AUM by 2020 and focus on three sectors: real estate, infrastructure and aviation

Robeco launches SDG-focused credit fund
Robeco and RobecoSAM, its affiliate which is focused on sustainable investing, have teamed up to launch a new credit strategy which aims to achieve the United Nations Sustainable Development Goals (SDGs)

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager