Leading distressed debt manager plans new €2 billion fund
A large distressed debt firm headquartered in New York is said to be marketing a European distressed debt fund 

Asia's PAG hires former Mizuho official to lead new credit strategy
An Asian credit specialist has joined PAG after making big gains for his hedge fund

New England pension fund allocates to direct lending and distressed debt
Direct lending is proving to be an attractive proposition for US pension funds. One such investor has recently awarded contracts to two direct lending managers

Large US pension fund allocates to Centerbridge and GSO
A US pension fund has put a total of $125 million into distressed debt and energy credit funds

Managers bring fund-raising into the equation with credit quant hires
Several managers have recently hired credit quants and are looking to launch dedicated quantitative credit funds

Distressed manager wins $15 million from pension fund for new strategy
Having just launched its fourth fund, a Toronto-based manager has made a rapid return to the market with fund five

Babson and BlueBay win support for new credit funds
Two large credit funds have earned support from a US pension fund for distressed debt and direct lending 

US manager wins $50 million for new direct lending fund
A credit hedge fund manager known for its investments in distressed credit has won support from a pension fund for a new direct lending strategy

New mandate boosts London-based credit hedge fund’s AUM
London-based long-short credit manager LNG Capital has secured what it describes as a significant separate account mandate

Chenavari liquidates hedge fund and switches to CLO originator strategy
London-based manager Chenavari is liquidating its successful Toro Capital structured credit hedge fund and transferring much of the assets into a newly listed permanent capital vehicle

Cordiant looks to permacaps for EM strategy
Manager plans to diversify away from private equity-style structures

Healthcare credit fund wins $40 million from US endowment
Energy and health are two things that institutional investors value greatly in 2015

Start-ups give fee structures the boot with kicker rates
Newly-launched credit managers are taking radical action on fees by introducing kicker rates for early investors in a bid to attract capital

Manager hits $600 million in direct lending fund-raising effort
A US manager is understood to have now raised around $600 million for a new global direct lending fund

Orange County scheme hires credit hedge funds for energy dislocation play
A west coast pension fund has awarded significant mandates to two credit hedge fund managers as it seeks to take advantage of beaten up prices for energy bonds and loans

Mid-market manager launches new credit opportunities fund
New York-based manager has attracted around $40 million for follow-up credit fund, filings show