Direct lender founder Isaly stepped down following sex harassment allegations: report
OrbiMed’s founder Samuel Isaly stepped down from his role at the healthcare-focused firm following sexual harassment claims against him, according to claims reported by Stat News

Calpers executive set to leave the pension fund to rejoin Franklin Templeton
Wylie Tollette is leaving his role at the California Public Employees’ Retirement System (Calpers) to return to Franklin Templeton Investments, with his last day at the pension fund set for 5 January

Direct lender founder to step down and be replaced by three-person committee
New York-based healthcare private lender OrbiMed Advisors has announced that its founder and managing director, Samuel Isaly, will step down after almost 20 years with the firm  

Manager adds to its private credit team and holds final close on new fund
Toronto-based Northleaf Capital Partners has announced the final closing of its global private credit fund, as well as two senior hires from Bain and HIG Capital in Chicago

GSAM loan portfolio manager joins fund giant for high yield role
A long-time loan PM will turn his attention to investing in high yield bonds for a firm with $4.5 trillion under management

THL Credit co-founder resurfaces at insurer's private credit arm
Sun Life Investment Management has announced the appointment of Sam Tillinghast as president of its US private credit unit

California manager drafts in former KKR vice president as CFO
A west coast firm has hired KKR's former vice president of finance. He will step into the role of chief financial officer as well as chief compliance officer

Former IR head at Minnesota alternatives firm re-emerges at Castlelake
An investor relations director who worked at an alternatives manager until April has resurfaced at another alts firm in Minneapolis, Creditflux has learned

Industry veteran tapped to lead Wells Fargo middle-market team in Houston
Wells Fargo's middle-market banking team has named a new vice president, who previously launched the banking firm's New Orleans office

Credit Suisse brings in structured credit veteran to business development role
Credit Suisse has strengthened its securitised products team in New York, hiring a business development official to a team led by global structured credit head Jay Kim

SEC names deputy director for its investment management unit
The SEC has appointed Paul Cellupica as deputy director for its division of investment management

CSAM closes unit it launched to take minority stakes in hedge fund managers
Credit Suisse Asset Management is unwinding Anteil Capital Partners, the private equity unit it set up to take minority stakes in hedge fund firms, according to a market source

Investment funds lawyer joins Ropes & Gray in Boston
Law firm Ropes & Gray has appointed Keren Rimon –formerly of from Harvard Management Company – as counsel in the firm’s private investment funds practice in Boston

Highland appoints chief strategy officer with Washington and Wall Street know-how
Highland Capital Management has expanded its executive leadership team by announcing a new chief strategy officer and head of thematic investing

Apollo's credit chief Zelter takes on new role as co-president
Credit veteran James Zelter been elevated to co-president at Apollo Global Management

WhiteHorse names three new direct lending-focused managing directors
WhiteHorse Capital, the credit arm of HIG, has named new managing directors in Stamford, Dallas and Chicago

LStar's Gerson joins FS as head of private credit
Asset manager FS investments has announced that Brian Gerson has joined as head of private credit

Värde announces senior hire from Neuberger Berman
Värde Partners has announced the appointment of Ria Nova as head of its Americas business development and investor relations team

Los Angeles-based firm hires Napier Park's former head of distressed debt
A west coast manager has drafted in an experienced distressed debt official to its team, which specialises in mid-market opportunities

Fund placement agent Eaton opens New York office
Eaton Partners, a fund placement agent and wholly-owned subsidiary of Stifel Financial, has opened an office in New York

CIFC liquidates CLO-focused fund
Private debt manager CIFC has liquidated a closed-end fund known as the CLO Opportunity Fund I, but has launched a successor fund

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle

Los Angeles firm takes over Greenwich-based direct lending BDC
Oaktree has taken over management of its newly acquired direct lending unit, which was formerly known as Fifth Street Finance Corp

USS hires private credit investment manager in London
Rob Brindley has joined a firm which has made a name for itself as a finance provider to direct lending funds

Whitehorse makes two hires to its US direct lending team
Officials from Capitala and Super G have joined the Whitehorse stable