Ares grows credit 34% with direct lending boost, but high yield takes rough ride in Q4
Ares Management Corporation reported strong returns for its European direct lending strategies in the fourth quarter of 2018. But the firm's overall revenues slumped and its US loan funds and high yield strategies were hit by the volatile credit market 

Former BlackRock portfolio manager lands at start-up credit firm Tresidor
Tresidor Investment Management – the new credit manager led by BlackRock’s former head of European credit Michael Phelps and ex-Goldman Sachs synthetic CDO head Edgar Senior – has added a credit portfolio manager to its team ahead of its maiden fund launch

Tikehau garners €2.1 billion for European direct lending strategy
Tikehau Investment Management has collected €2.1 billion for its fourth private debt strategy - three times larger than its predecessor fund 

Allianz IM puts $200 million into Indian private debt
Allianz Investment Management has committed $200 million into the private debt platform of Edelweiss, an Indian diversified financial services firm.  

BlueBay closes fourth direct lending fund at €6 billion
BlueBay Asset Management has held a final close for its fourth private debt fund with over €6 billion of investable capital

HPS targets $8 billion for flagship mezzanine strategy
HPS Mezzanine Partners 2019, the firm's fourth fund in its mezzanine strategy, has won $100 million from a Louisiana pension fund 

GAM launches quantitatively-managed credit Ucits fund
The new fund is anticipated to offer “strategic allocation to credit with tactical ability to reduce exposure in challenging markets”.

Kreos exceeds €600 million target size for its largest direct lending fund to date
Kreos Capital has held a final close for its sixth European growth debt fund at €700 million

MV and EQ combine for €70 million for private credit fund
EQ Asset Management has raised €70 million for its second private credit fund in partnership with MV Credit, the fund of fund operator has announced

CIFC launches its first CLO Ucits fund
CIFC Asset Management has become the latest manager to launch a new CLO Ucits fund

AnaCap buys €4 billion Italian SME loan portfolio
AnaCap Financial Partners has made its first transaction of its fourth credit opportunities fund 

Golding holds €580 million final close for private debt fund
Golding Capital Partners has held a final close for its private debt fund strategy at €580 million

Finint holds €51.6 million first close for Italian debt fund
Finint Investments has a €150 million target for PMI Italia II and expects to hold a final close by the end of 2019 

Talde launches €100 million debt fund
Talde Private Equity, a Spanish general partner company, has launched Talde Deuda Alternativa, a debt fund with a €100 million target aimed at financing European small and medium sized enterprises

BlueBay targets €5 billion for European direct lending strategy
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds

UBS hits €1 billion final close for second infrastructure debt fund
UBS Asset Management has reached a final close on its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II) at €1 billion

Muzinich surpasses target with €706 million pan-European debt fund
Muzinich & Co has held a final close for its Muzinich Pan-European Private Debt Fund at €706.25 million, surpassing its initial €500 million target 

Head of European private debt Bone earns promotion at Partners
Partners Group’s head of private debt in Europe, Christopher Bone, has been promoted to partner as one of 10 senior-level promotions announced by the firm

Credit Suisse and Patrimonium launch direct lending fund and plan a follow-up
Credit Suisse and Patrimonium have completed the launch of a new direct lending fund which has reached CHF165 million ($167 million).

Muzinich aims to take granular portfolio tactic across Europe
Muzinich has put together what it describes as a “direct lending 2.0” strategy, which it anticipates will serve as a solution to the constraints faced by middle market lenders in Europe. The firm launched the Italian version of the strategy in November via its Italian subsidiary Springrowth SGR and is looking to create follow-ups in other European jurisdictions

Selwood plants third credit opportunities fund with $150 million
Selwood Asset Management has launched a third iteration of its global credit opportunities strategy, according to 14 December US regulatory filings

Amundi surpasses €800 million target for third European direct lending fund
Amundi Dette Senior FPE III will provide debt financing to European mid-sized companies, primarily focusing on French mid-market companies

Robus targets €300 million for second distressed debt fund
Robus Capital has held a first close for its second distressed fund, Robus Recovery Fund II, Creditflux understands

EQT raises its second European direct lending fund
EQT has raised €2.3 billion for a European direct lending fund, exceeding its initial €1 billion target

Cairn sheds light on single-investment SRT fund
Fresh details have emerged on Cairn Capital’s new significant risk transfer (SRT) funds with the manager informing Creditflux that Pathfinder Fund III was structured such with US requirements in mind