Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

Barings launches second North American direct lending fund
Barings has begun fundraising for its second North American-focused direct lending fund, three years after closing the firm’s inaugural strategy.

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund 

Barings inks partnership with Mubadala for European mid-market platform
Barings has teamed up with Abu Dhabi state fund Mubadala Investment Company to launch a new European middle market origination platform named Barings Mubadala Enterprise

LP round up: private credit drive gains momentum as Calpers backs Pimco
Private credit continues to be viewed as an attractive investment strategy for institutional investors, with four global allocators outlining new buckets, or increases to the asset class

Credit Rendezvous: record fiscal stimulus provides pick-me-up
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market

Bankrupt Hertz runs out of gas with CLOs holding $245 million
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations

Barings BDC eyes syndicated loan market opportunities
Three weeks ago, during its 2019 earnings report, Barings BDC said the company’ had rotated out of broadly syndicated loans to ramp up its middle market exposure. But with widespread market upheaval since then, most opportunities to build value for investors will come from the broadly syndicated market

Beware of "mequity" risk in direct lending, writes Barings
Barings co-head of global private finance, Ian Fowler, predicts that the adoption of lending terms associated with broadly syndicated loans into private credit will not prove beneficial in the long term

Barings raises €1.5 billion for European direct lending
Barings has held a close for its latest European direct lending fund, receiving €1.5 billion of capital from over 45 institutional investors

Barings BDC forms $550 million JV with South Carolina pension
The new joint venture will invest in both liquid and illiquid credit

Northleaf appoints private credit officials in Chicago, London and Toronto
Northleaf Capital Partners has expanded its private credit team with three hires - including an ex-Barclays head of international corporate credit

Danish pension fund eyes niche credit opportunities
PensionDanmark is preparing for more volatility in 2019 by casting its eye towards niche opportunities in the special situations and distressed debt market. The Copenhagen-based pension fund last month merged its alternatives and private debt platforms

UK pension allocates £900 million to four private debt managers
The £21.9 billion pension fund has awarded £900 million to three private debt managers and one real estate debt manager, according to 6 March board minutes

Barings adds BDC specialist Jonathan Bock to its team
Barings anticipates that Bock will serve as chief financial officer to its earlier announced stock purchase of publicly traded BDC Triangle Capital Corporation 

Maine pension fund commits $50 million to Asian real estate debt
Maine Public Employees Retirement System has made a $50 million commitment to Baring Private Equity Asia, a spokesperson for the pension fund confirmed

Triangle BDC goes on a different tangent with Barings and Benefit Street deals
Triangle BDC sells assets to Benefit Street and arees to Barings takeover in an unusual deal 

Barings raises at least $372 million for real estate credit
Barings has raised at least $372 million for its latest real estate credit fund, Barings Real Estate Credit Strategies VII, according to regulatory filings

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

New Barings vehicle wins $60 million from an Ohio pension fund
SERS has committed $60 million to Barings for its third special situation credit fund, according to documentation seen by Creditflux

Barings secures $1.85 billion for private loan fund after support from 45 investors
Global asset manager Barings has held the final close of its North American Private Loan fund, securing $1.85 billion in capital commitments, according to a press release

Michigan pension fund commits $570 million to four credit fund managers
The State of Michigan Retirement Systems has revealed commitments of over $570 million to credit funds over Q3 2017, according to board documents

Insurer announces 51bp operating expense hike for debt securities fund
Pacific Life Insurance Company has announced a subadvisor swap and sharply increased expenses on its Inflation Strategy portfolio

New York-based private credit firm hires ex-Barings marketing director
Alternative credit manager Crayhill Capital Management has announced the appointment of a new managing director and head of investor relations and marketing