Pimco launches listed multi-sector global credit fund
Known as Pimco Tactical Income Fund, the fund will invest in a range of global credit strategies and will list on the New York Stock Exchange

Partners nears $100 billion in AUM as CLOs drive private debt growth
Swiss manager Partners Group has reached $94.1 billion in assets under management, with CLOs boosting the firm’s growth, according to its 2019 annual results  

EQ plans private credit fund launch with eye on deploying up to €100 million
EQ Asset Management has indicated that it will launch its third private credit fund later this year

BC Partners seeks $1 billion close for special opportunities fund
BC Partners Advisors is targeting a $1 billion close for its recently launched special opportunities fund, according to documents seen by Creditflux.  

Stockholm-based firm targets CLOs, CSOs and SRTs for new fund after stellar 2019
A fund manager, established in 2018, is said to be launching its second corporate structured credit fund, sources say, after generating 20% returns last year via its debut strategy. The new fund will invest across CLOs, CSOs, SRTs and index tranches 

BNP Paribas AM hits €345 million on first close of European SME debt fund
BNP Paribas Asset Management has attracted €345 million from 13 investors for its second European debt fund focused on small and medium-sized enterprises, marking the fund’s first close

Värde launches $2.5 billion global credit fund
Värde Partners has raised $2.47 billion for a new global credit fund, according to an announcement today

Devon pension backs Brunel private debt portfolio
Devon pension fund’s committee has approved a £100 million ($131 million) commitment to Brunel private debt portfolio, according to documents seen by Creditflux

Pitching your structured credit fund: the three golden rules
Structured credit fund managers were given a lesson in how to market their strategies by a group of asset allocators at the Creditflux CLO Summit in New York.

CLOs wrestle back control of the European loan market
The share of European loans bought by CLOs is now larger than those acquired by loan managed accounts and hedge funds, according to a research paper by Barclays.

Green credit programme reaches €253 million at first close
A green credit continuum programme, launched by Amundi and the European Investment Bank (EIB), held its first close at €253 million  

Muzinich targets €500 million after first close of senior secured fund
Muzinich has collected €104 million for a first close of its Muzinich European Senior Secured Fund

Texas pension awards €100 million to European direct lending
Texas County and District Retirement System has allocated €100 million to a European direct lending fund managed by Metric Capital Partners

BlackRock targets €2.5 billion as it completes first close on European mid-market fund
BlackRock European Middle Market Private Debt Fund II, having collected €1.5 billion at first close, is expected to hold a final close in the first half of next year at around €2.5 billion, according to market sources 

UK pension partnership launches maiden private credit offering at £581 million
Border to Coast Pensions Partnership (BCPP) is set to commit £581 million in private credit, as part of its maiden offering in this asset class  

CSAM launches first commingled fund geared towards CLOs
Credit Suisse Asset Management has launched its inaugural CLO equity fund, according to market sources, collecting nearly $150 million on a first close for the strategy

West coast pension looks to step up direct lending allocations
The City of Fresno Retirement System will commit $140-160 million to private credit for the next two years, according to board documentation seen by Creditflux. This comes amid a pause in direct lending commitments for the pension fund, which has not committed any capital to this market in 2019

CIC collects €530 million for direct lending fund
CIC Private Debt has collected €530 million on its third senior debt fund, surpassing its original €450 million target size

Minnesota pension to invest $300 million in distressed and private credit funds
Minnesota State Board of Investments is set to invest $100 million in a mezzanine debt fund and $200 million in a distressed debt fund

Arizona pension to deploy up to $700 million a year in private credit
Arizona Public Safety Employee System is looking to deploy $600-700 million in private credit strategies per year in order to meet its target allocation, according to board documents seen by Creditflux.

Beechbrook appoints chariman for Irish SME fund
The appointment is in conjunction with Beechbrook's first investment in the Irish SME fund, which held a first close in July 

UK pension Nest selects manager for £500 million global bond allocation
Nest, the largest pension scheme in the UK with over 8 million members, has selected a manager to oversee a £500 million separately managed account focused on global corporate bonds

LibreMax wins $200 million for structured credit managed account
The managed account will target 10 to 40 investments across a range of different strategies including CLOs, consumer, residential, commercial and regulatory capital.

Online lender launches German credit fund with EIF backing
A senior debt fund managed by Creditshelf has recieved a cornerstone investment from the European Investment Fund - where all loans will be originated via its online lending platform

Eiffel seeks ESG loans as French lenders adopt LuxFlag label
Private debt managers are applying for the Luxembourg Finance Labelling Agency’s (LuxFlag) approval in ESG-centric strategies.