Manager raises $120 million for European credit opps fund to launch in Q4
A London-based alternative asset manager is set to launch a credit fund with a specialty finance focus and a target size of $750 milion

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

New European credit firm hires investor relations head from CQS after strong start
A recently-launched fund manager has hired from CQS after raising roughly €100 million for its debut credit opps fund

Bain takes new route to NPL acquisitions as it strikes deal with Liberbank
Bain, Oceanwood and Liberbank are taking part in an unusual NPL deal referencing €602 million of assets

Local Pensions Partnership looks to go direct with £1.3 billion credit fund
The Local Pensions Partnership (LPP), which runs the pension schemes of two separate UK local government areas, has announced the launch of a £1.3 billion ($1.7 billion) credit fund

London-based Signal raises €725 million for credit and real estate funds
London-based private asset management firm Signal Capital Partners has raised €725 million with an investment strategy targeting credit and real estate special situations

Davidson Kempner raises $1.75 billion for distressed debt fund
Davidson Kempner has raised $1.75 billion for a new fund focused on distressed investments, Creditflux has learned

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

Bain adds almost €1 billion of Iberian non-performing loans to its AUM
Bain Capital Credit has announced that it has bought its first portfolio of non-performing loans in Portugal as well as making its ninth such acquisition from a Spanish bank

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

Värde closes latest fund at $1.7 billion
Credit manager Värde Partners has raised $1.74 billion for its latest fund, Värde Fund XII