KKR flies into aviation lending with new $800 million platform
KKR has expanded its credit business with a new aviation platform, seeding the platform with nearly $800 million portfolio of aviation loans from CIT Group to kickstart the launch

KKR brings in Park Square partner for European private credit team
KKR has appointed a London-based partner to its European credit team

KKR promotes three in credit team to managing director
KKR has unveiled 26 promotions globally to managing director, including three in credit

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

KKR targets sub-debt and ABS with latest private credit fund
KKR is preparing to launch its third mezzanine private credit fund, dubbed KKR Private Credit Opportunities III

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

Four managers join forces on gigantic £1.9 billion unitranche
The supersized transaction to Ardonagh Group, led by Ares, is the largest ever unitranche facility

LP round-up: Champaign pension raises a glass (or bucket) to private credit
Institutional investors allocated over $600 million to 11 managers this week, according to board documentation seen by Creditflux

KKR raises $4 billion for coronavirus dislocation credit strategy
KKR has collected $4 billion to invest across credit opportunities in eight weeks– including $2.8 billion in its KKR Dislocation Opportunities Fund and over $1.1 billion from managed accounts

KKR deploys 10% of $2 billion coronavirus dislocation credit fund
KKR Credit has plans to launch a $2 billion dislocated corporate and asset backed credit fund to take advantage of coronavirus-induced volatility. And the New York-based manager has wasted no time swooping on opportunities after deploying $212 million by 9 April

Fitch places five BDCs on negative outlook
Fitch Ratings has changed the outlooks of five business development companies from stable to negative folllowing a review of its rated BDCs

Asset manager takes new approach with special sits fund as co-head leaves
A large global asset manager is looking to allocate to junior debt in performing comapnies after parting ways with the co-head of its special situations business

BlackRock hires former KKR official to head European private capital markets
A leveraged finance veteran has joined BlackRock as European head of the firm’s private capital markets business in London, according to an internal memo seen by Creditflux

KKR bolsters global impact team
Investment firm KKR has appointed two senior professionals within its global impact team, as it looks to strengthen its geographic reach and local impact  

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 

ICG adds managing director to DACH subordinated debt and equity team
The new hire will be based in Frankfurt and adds to others the firm has made this year in the region

FS and KKR create $9 billion publicly-listed BDC with four-way merger
The move would create the second largest BDC by assets under management

Managers look east as Asian credit fundraising takes off
Several asset managers have outlined plans for growth in Asia as one of their foremost priorities this year.

Former KKR pair resurface with new direct lending business
KKR's former global co-head of mezzanine and European head of private credit has reunited with his former colleague to launch a London-based direct lending business

KKR promotes three European credit specialists to managing directors
KKR has promoted several members of its team to managing directors - including a former US CLO portfolio manager

Pensions pile in as KKR sets $2 billion direct lending fund target
KKR Credit has raised at least $1.6 billion for its third US direct lending fund, according to US regulatory filings.

KKR and Schroders back €1 billion Dutch direct lending fund
Neos, a Dutch direct lending firm, has held a €1 billion close on its Dutch and German direct lending joint venture

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

KKR forms lending JV to target "clear need for UK mainstream housing development"
KKR and London-based Urban Exposure, a specialist residential development finance provider, have formed a strategic partnership and launched a lending joint venture to target significant opportunities in "mainstream housing throughout the UK”.  

Texas pension fund puts $150 million into credit
A $29.7 billion pension fund has approved commitments to two credit fund managers