LCM Partners acquires €300 million Spanish NPL portfolio
European alternative investment manager LCM Partners has acquired €300 million of Spanish non-performing SME loans from Barcelona-based Grupo Cooperativo Cajamar

Brunswick holds €640 million final close for Nordic real estate debt fund
Nordic real estate lender Brunswick Real Estate Capital has held a final close for its second senior debt fund, with capital commitments reaching over SEK 6.6 billion (€640 million)

Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

HSBC Global launches three Icav fixed income funds
The three fixed income funds will sit on HSBC's new Dublin-domiciled Icav platform aims to facilitate access to funds globally 

AB targets financials with new global credit fund
Global investment manager AB (previously known as AllianceBernstein) has today announced the launch of a new global Ucits credit fund – AB Financial Credit Portfolio

Highland launches CLO Ucits fund
Dallas-headquartered Highland Capital Management has launched a new Dublin-domiciled Ucits fund, which will focus on CLO debt

JP Morgan launches four fixed income ETFs
"We see particular opportunities for growth and adoption of fixed income strategies within ETFs which is why we’re heavily investing in this space” 

EM manager takes assets across two funds to $1.4 billion after big inflows
Two funds managed by a New York-headquartered firm have reached a combined $1.4 billion after big inflows

Lombard Odier mandates US manager for emerging markets debt fund
Swiss private bank Lombard Odier has selected a Los Angeles-based manager for a new emerging markets debt fund 

Swiss manager launches agriculture-focused impact debt fund
Zurich-based responsAbility Investments has launched its second open-ended private debt fund, which will invest in sustainable agriculture and development

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.

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

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 

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%.”  

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

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 

Massachusetts pension fund invests $75 million with TowerBrook
Mass PRIM) has made a $75 million commitment to New-York based TowerBrook Capital Partners for its second structured opportunities fund, according to 15 May board documentation

Tages holds $203 million first close for hedge fund seeding strategy
The new closed-end vehicle will focus on providing seeding and acceleration capital to emerging hedge fund managers

Idinvest holds €715 million final close for fourth direct lending fund
Paris-based Idinvest Partners has surpassed its initial €600 million target size, raising €715 million for its final close

GoldenTree grows third distressed debt fund to $600 million
New York-based GoldenTree Asset Management has raised nearly $600 million for its third distressed debt fund – just over a quarter of its target size