Cresset sells private credit portfolio to StepStone, spins out private investing biz
Cresset’s head of private credit and other members of that team are not joining StepStone and will not be part of the private investing spinout 

Moelis hires from Jefferies for private funds global head
Moelis & Company has nabbed Matt Wesley from Jefferies to lead the private funds advisory business

17Capital hires MD from Barclays to grow NorthAm presence
NAV specialist 17Capital has hired Ari Landsberg as managing director for investments in North America

Antares hires Olga Kosters to head credit secondaries
Antares Capital has hired Olga Kosters to head its credit secondaries business

Oaktree expands asset-based finance team with hires from Atalaya and Goldman
Oaktree Capital Management has increased staff for its asset-backed finance group

Goldman’s head of private credit’s Olafson jumps to BDT & MSD
BDT & MSD Partners has hired Greg Olafson, formerly global head of private credit at Goldman Sachs’ asset management arm

Goldman Sachs launches capital solutions group for banking clients
Goldman Sachs is combining its financing, origination, structuring and risk management solution activities in global banking, and also named Vivek Bantwal as co-head of global private credit

Ares adds alternative credit co-head in promotion
Ares Management has promoted Kevin Alexander to co-head of alternative credit alongside co-heads Keith Ashton and Joel Holsinger

Steven Cohen’s Point 72 taps Blackstone veteran to build private credit strategy
Point72 has hired Blackstone's Todd Hirsch as head of private capital to build a new investment strategy focused on private credit

Ninety One taps Standard Chartered Bank exec to head alternative credit
Ninety One, a global investment manager with almost USD 171bn in assets under management, has appointed Alper Kilic to serve as head of alternative credit

Canyon Partners promotes co-head of private credit Kivitz to CIO role
Canyon Partners has tapped co-head of private credit Jeff Kivitz to serve as the firm’s next CIO, replacing outgoing Todd Lemkin

Barings hires Churchill MD for private debt originations
Barings Global Private Finance has hired a managing director from Churchill Asset Management to serve as a managing director for North America Private Credit

PGIM Fixed Income builds large cap direct lending with new hire
PGIM Fixed Income has picked up a former Texas Capital managing director as it builds out its large cap direct lending business 

Canyon Partners hires credit product specialist from Varde
Canyon Partners, a global alternative investment manager, has hired a new managing director from Varde to act as lead credit product specialist

HSBC Asset Management launches venture debt strategy with new hire
HSBC Asset Management turned to an SVB Capital veteran for a newly created position, head of innovation credit, to build out a venture lending strategy

Barings adds two private credit MDs for North America
Barings Global Private Finance has hired two managing directors, Brian Polomsky and Doug Koch, for its North America Private Credit team from Principal Asset Management

Katten hires New York private credit partner from Weil
Law firm Katten has hired Maximilien Pucci-Sisti Maisonrouge for its private credit practice as a partner in New York

Mayer Brown taps King & Spalding partner to head New York private credit
Law firm Mayer Brown has hired Sheel Patel to lead the firm’s private credit practice in New York

Nuveen Private Capital taps Ares partner for private wealth distribution
The platform encompassing Churchill Asset Management and Arcmont Asset Management, has hired Moshe Bajnon for the newly created position of global head of private wealth

Audax Private Debt hires from Stifel in wealth push
Audax has become the latest addition a string of private credit managers strengtheing their wealth management sales teams

First Eagle adds direct lending MD in New York
First Eagle Alternative Credit has hired a direct lending originator from Brightwood with a focus on the New York metro region

Blackstone makes two senior hires for infra lending and asset-based credit
Blackstone has hired two senior managing directors to focus on infrastructure and asset-based lending as members of the greater BXCI team

Fidelity adds another senior private debt hire as US expansion continues
Fidelity Investments has hired Lendell Thompson from Vista Credit, the latest of six senior investment professionals added to its US direct lending business

Credit funds at a glance
Fund performance; recent fundraising; recent hires

White Oak hires from eCapital for ABL solutions team
White Oak Commercial Finance has hired two senior VPs from eCapital Corporation to work on ABL solutions for non-sponsored, middle market companies