Park Square strikes US direct lending alliance with Nomura
The new agreement will help Park Square source US senior direct lending deals for its new US Loan Partners fund

Neuberger goes smaller on flagship fund even as platform grows
The firm’s latest Private Debt Fund V clocked in around USD 1bn short of the predecessor fund as investor capital flows into other vehicles under the same strategy

Carlyle nabs head of direct lending origination from Golub
EXCLUSIVE: The firm also hired a second managing director focused on originations as it re-staffs its direct lending franchise

Defaults could rise for private ARR loans during the next two years—KBRA
Borrowers of annual recurring revenue loans, typically software companies, have so far outpaced other industries in terms of growth

LP round up: pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'
There was no slowdown in credit allocations last week, wrapping up what has been an extremely busy July. $1.4 billion has been allocated to credit, it has emerged over the last seven days, according to board documentation seen by Creditflux.

CLOs hold $189.3 million of J Crew as coronavirus pushes firm into bankruptcy
12 CLO managers hold $189.3 million debt of US retailer and household name J Crew (parent company Chino Holdings), which filed for Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia on Monday

Tennessee pension awards $125 million to special situations credit fund
Tennessee Consolidated Retirement System has awarded $125 million to a special situations credit fund 

Highland LP’s bankruptcy could trigger power grab, as hunt for assets begins
Creditors to Highland Capital Management's limited partner subsidiary are calling for a change of management to handle the firm's emergence from bankruptcy protection

Och-Ziff revenue tumbles despite inflows to credit funds and CLOs
Och-Ziff Capital Management posted a net loss of $8.6 million in the second quarter, which it blamed on the market’s reaction to US China trade tensions and the US Federal Reserve’s twist of monetary policy

Aviation debt funds achieve lift-off as airlines look to replenish fleets
Funds and financing solutions geared towards aviation debt have been taking off in recent weeks.

Tetragon raises $255 million for its latest CLO risk retention fund
Tetragon's newest CLO-focused credit fund has completed its first close, with commitments of about $254.8 million, regulatory filings indicate