Inflows boost structured credit mutual funds
Low rates have seen loan mutual funds battle $42 billion of outflows this year, but structured credit funds have been able to grow while capitalising on this volatility, according to sources.

BlueBay launches CLO fund with seed capital from parent RBC
Sources say the strategy launched earlier this year via an Irish fund structure with seed capital provided by BlueBay’s parent company, RBC

Orchard targets CLO investments in fruitful year of fundraising
Orchard Global Asset Management is in the process of fundraising for its first CLO focussed fund, according to market sources. The firm is targeting the global CLO market and looking across the capital stack.

Russell and Mediobanca launch multi-asset fund with CLO allocation
Mediobanca Private Banking has joined forces with Russell Investments to set up a fund that has a 20% allocation to credit, sources say  

Fair Oaks launches new fund targeting senior CLO paper
Fair Oaks Capital has launched a Ucits fund targeting triple and double A CLOs, according to market sources

Connection backs European CLO fund
Connection Capital has invested €5.2 million in the new CLO fund raised by Permira Debt Managers  

Permira launches European CLO fund and starts with secondary market investments
Permira Debt Managers has closed its fifth structured credit fund, Sigma V, which will invest in junior tranches of European CLOs

KKR adds CLO mezz and private credit to mix with opportunistic credit fund
The new interval fund will invest in opportunistic credit, including CLO mezzanine debt, as well as private debt 

CIFC targets majority equity with latest CLO fund
CIFC Asset Management is making a quick-fire return to the market with yet another CLO-focussed fund – this time, the CLO manager is in the process of fundraising for a CLO equity fund, according to market sources

Amundi Pioneer initiates marketing for structured credit interval fund
Amundi Pioneer Asset Management, a wholly owned subsidiary of Amundi, is in the market with a structured credit interval fund

Apollo fee earnings rise 9% in Q2 as structured credit boosts portfolio
Apollo Global Management’s credit portfolio increased 4% quarter-over-quarter to $201 billion, driven by growth in affiliated life insurance firm Athene, as well as corporate credit and structured credit

A challenging environment

Credit plays a big part as KKR increases AUM by $6.5 billion
KKR grew its assets under management by 8% over the second quarter, according to the firm’s earnings call, which took place on Thursday.

Eagle Point prices IPO for junior CLO debt fund
Eagle Point Credit Management yesterday announced the pricing of an IPO for its CLO junior debt fund named Eagle Point Income Company

Alcentra reaches €5.5 billion close for European direct lending fund
Alcentra says that it has raised €5.5 billion for its latest European direct lending strategy

Eagle Point looks to complete IPO for CLO debt fund
Eagle Point Credit Management is looking to complete an IPO for a fund which invests in double B-rated CLOs, according to documents filed with the SEC

Clarion targets $250 million for CLO fund
Clarion Capital is targeting $250 million for its inaugural CLO fund, according to 13 June US regulatory filings

Spotlighting the original originator
Five years ago in Creditflux, we reported on the very first CLO originator fund being launched: Blackstone/GSO Corporate Funding.

Texas pension awards $75 million to CLO fund
The new commitment will sit in its strategic credit opportunities bucket

Credit funds at a glance

A round-up of fundraising and people moves in credit

CLOs at a glance
Managers focus on AUM building via new issues

Tetragon raises $430 million for new CLO equity fund
Tetragon Credit Income III closes with total commitments of $430 million

Hartford partners with Schroders to launch securitised credit fund
Hartford Funds has teamed up with Schroders Investment management to offer its investors a new securitised credit fund

CIFC launches CLO fund with investment grade mandate
CIFC Asset Management is back in the market with yet another CLO-focused fund – this time, aimed at investment grade opportunities

Nassau lures bank's CLO origination head as it adds investment arm to manager business
Nassau Re has poached a bank's head of CLO syndicate and origination as it launches a CLO equity and debt investment platform