Franklin Templeton buys Alcentra in $700 million deal
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners

Blackstone names senior Anchorage official as head of Asia Pacific origination
Blackstone Credit has hired a senior official from Anchorage to work lead Asia Pacific origination out of Sydney 

Eagle Point hires for defensive income strategy team
Eagle Point Capital Management has hired an associate, responsible for assisting the defensive income strategy senior investment team

Fidelity International makes senior direct lending hires in private credit push
Fidelity International has been staffing up in European direct lending, with 12 additions to the private credit team that was established a year ago

Novicap names new CEO in leadership shuffle as it sets targets for credit division
Novicap, a fintech company offering working capital optimisation solutions to SMEs and mid-market corporates, has shuffled its leadership structure and set a €1 billion cumulative volume target for its credit division by the end of this year

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Top macro credit PM will fly solo with fund launch
A new credit investment firm could soon be in the offing, following the departure of Alberto Gallo from Algebris Investments in April, suggest market sources

Pemberton hires Allianz GI official to lead new Munich office
Pemberton has opened its second German office in Munich and has appointed a former Allianz Global Investors official to lead 

Proskauer hires private credit partner as it expands in Chicago
Proskauer has appointed the first partner in the firm’s Chicago office

Churchill hires Antares official to lead new Los Angeles office
Churchill Asset Management has hired a managing director in origination, responsible for leading the new Los Angeles office

Ex-Accunia CLO specialist lands at Danish firm to build structured finance platform
An ex-Accunia chief investment officer and CLO specialist has landed at Danish commercial real estate firm CBRE

JP Morgan splits global head of institutional structuring role as it promotes three
JP Morgan has rejigged part of its credit structuring business with a set of promotions for officials who have covered SRTs, CLOs and CSOs as part of cross-asset roles

Winton hires quant credit specialist as PM
Winton, a London-headquartered asset management firm that specialises in quantitative strategies, has hired an experienced trader to focus on credit alpha capture

Z Capital makes three senior leveraged credit hires including CLO specialists
Z Capital Credit has hired three directors to its investment team

Chorus reaches crescendo with big SRT hire
Chorus Capital says it has hired an experienced significant risk transfer official to its investment team and executive committee in London

Northleaf hires to private credit team in Chicago
Northleaf Capital Partners has hired an associate within the firm’s private credit team

Benefit Street hires managing director to lead software and tech private debt origination
Benefit Street Partners has hired a former AB official as managing director to lead the firm’s software and technology private debt origination

Alantra hires two senior officials to private debt team
Alantra has hired two senior officials to its private debt team from BeSpoke and Seaport 

Brightwood expands risk and underwriting teams with two hires
Brightwood Capital Advisors has made two fresh hires to its risk and underwriting departments

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

Fund manager brings in Citi's global head of credit derivatives strategy
An experienced strategist noted for his work in CDS, indices, tranches and options has taken his first buy-side role

Portfolio manager leaves Hayfin after one year
A London-based official in Hayfin Capital Management's private credit team has left the firm 

Blackstone lands big name as bank's synthetic structured credit talisman joins buyside
Blackstone has hired a well known figure from the synthetic structured credit market, with a prominent name in CSOs joining the firm after 18 years working on the sell-side 

Pemberton adds to credit build out with NAV financing hire
Pemberton Asset Management has confirmed an appointment to lead a new net asset value financing strategy in what marks the firm’s third new business line in five months

Capital Four hires senior US credit trader
Capital Four has hired a senior credit trader in its New York office