The powers behind the loan
Thought that Wall Street still pulled the shots in LBO financing? Meet the real power brokers of the new world order — the people who run buy-side capital markets desks at private equity firms

Canadian hedge fund Polar closes SRT fund with USD 300m
Polar Asset Management Partners attracted USD 300m from investors as the Toronto-based hedge fund ramps up a dedicated fund for significant risk transfer, or SRT

Hamilton Lane closes eighth vintage of flagship private credit fund
Hamilton Lane revealed the final close of its Hamilton Lane Strategic Opportunities Fund VIII today, a private credit strategy that invests across the capital structure

Judges rule in favour of Citi in overturning Revlon decision
Citi has won its appeal against Revlon creditors, forcing a consortium of asset managers to return more than half a billion dollars received in an accidental transfer in 2020

Citadel PM joins hedge fund manager as global head of credit
A Citadel portfolio manager and former BlueMountain Capital Management partner has taken a top credit role at a fund manager

Sun Life Financial buys 51% stake in Crescent
Sun Life Financial has bought a 51% stake in credit manager Crescent Capital Group as part of its push into alternative credit

Sun Life Financial in talks to buy Crescent Capital - report
Canadian insurer Sun Life Financial is said to be in talks to buy credit manager Crescent Capital, according to a report by Bloomberg

Texas pension awards $150 million to real estate debt fund
Texas County and District Retirement System has awarded $150 million for a global real estate debt fund managed by Blackstone

You don’t need a 15% default rate to make money in credit
Jeanne Manischewitz, head of North American credit at York Capital Management, takes our credit quiz

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Colony raises $125 million for CLO JV with Capra
One of the world’s largest real estate investment trusts is looking to expand its CLO investment business

Alcentra promotes three after US loan head Lemberg retires
Alcentra has announced that one of the loan market’s best known figures, Bill Lemberg, is retiring

Natixis prices US CLO refinancing for BNY affiliate, sources say
Natixis has refinanced four tranches from a boutique manager's 2014 vintage CLO, according to market sources