LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Blue Owl closes $2 billion debut opportunistic credit fund
Blue Owl has closed its inaugural credit opportunities fund, Owl Rock Opportunistic Fund at its $2 billion target

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

Dyal and Owl Rock in talks over merger via spac - a year after Dyal buys into direct lender
Dyal Capital Partners and Owl Rock Capital Group (a company in which it has an ownership stake) are in talks to merge courtesy of a spac which is sponsored by an affiliate of HPS (another company which Dyal has a minority equity stake)

Owl Rock hires in London for investor relations push
Owl Rock Capital, a New York headquartered manager, has made a senior hire to help build its investor base across the Atlantic 

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

Owl Rock recieves $1 billion allocation from California pension
Owl Rock Capital has recieved a $1 billion allocation from the California State Teachers' Retirement System. The mandate will fund Owl Rock's opportunistic credit and diversified lending investments

Owl Rock eyes $2 billion fundraise for opportunistic credit
Owl Rock Capital is targeting a $2 billion final close on its opportunistic credit strategy dubbed Owl Rock Opportunistic Fund

Owl Rock names heads of credit and non-tech underwriting
Owl Rock Capital Partners has promoted two officials - one to a newly created role as head of credit and the other to head of non-tech underwriting

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

Owl Rock hits fundraising trail with follow up to BDCs
Owl Rock Capital is launching a new fund which appears to be in the form of a business development company, US regulatory filings reveal

Owl Rock hires from Oaktree to build opportunistic credit platform
Owl Rock Capital has built out a new opportunistic credit investing division, adding that “current market conditions make it especially attractive and relevant today.” 

Owl Rock becomes last investment grade BDC to win increased leverage approval
Owl Rock Capital Corporation has become the last investment grade business development company to cut its asset coverage requirement from 200% to 150%, after receiving unaminous approval from its board of directors on Tuesday

Dyal buys 20% stake in direct lender Owl Rock
Neuberger Berman’s Dyal Capital Partners has acquired a 20% stake in direct lender Owl Rock Capital, adding to the roster of private credit specialists Dyal has in its portfolio

California pension approves $10 million for Owl Rock first lien loan fund
A US pension fund has awarded $10 million to Owl Rock First Lien Fund, managed by middle market lender Owl Rock Capital Advisors

Owl Rock hires ex-Credit Suisse official to New York team
The middle market lender has hired Credit Suisse's former head of US high yield bridge finance 

South Carolina pension backs tech-focused BDC
South Carolina Retirement System Investment Commission (RSIC) has committed $100 million to Owl Rock Technology Finance Corporation, according to documents seen by Creditflux  

US pension replaces Cliffwater with Meketa
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.  

Owl Rock opens Silicon Valley office focused on technology origination
The $12 billion direct lender anticipates the office will better serve financial sponsors operating in the technology sector

Owl Rock rakes in $1.53 billion for tech-focused BDC
Owl Rock Capital is spreading its fundraising wings, with the New York-based manager raising at least $1.53 billion for its technology-focused business development company

New Jersey pension fund allocates $100 million to tech-focused BDC
The State of New Jersey Department of Treasury has awarded $100 million to a direct lender's sector-focused BDC

Owl Rock targets $1 billion for first lien-focused loan fund
New York-headquartered credit manager Owl Rock is eyeing a massive $1 billion for its new first-lien debt focused vehicle, which will sit alongside its existing BDCs