Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

BlueBay, Brightwood and Permira win private debt mandates
BlueBay Asset Management, Brightwood Capital Advisors and Permira Debt Management have been tasked with overseeing a London pension fund’s direct lending portfolio

Tennessee pension fund turns its attention to non-sponsored direct lending
The $42 billion Tennessee Consolidated Retirement System is researching into direct lending opportunities

Waterfall looks to add derivatives to its credit managed account
A US pension fund looks set to approve a change to its account with Waterfall, which will see the manager gain the ability to use derivatives as a hedging tool

Banc of California grows CLO book to $1.7bn
Banc of California has emerged as a major buyer of senior CLO tranches in the past year as it has more than tripled the size of its CLO book

Cerberus wins $200 million direct lending mandate from peace garden state
US pension money continues to be channelled into direct lending with officials at a $12 billion pension plan confirming an allocation to Cerberus

US pension fund awards $825 million in credit mandates to HPS
HPS Investment Partners has registered big inflows in recent months and that trend is continuing after a pension fund agreed to back the manager with three mandates

Endowment fund seeks US direct lending manager for $50 million mandate
An endowment fund with an anti-tobacco stance is looking to deploy up to $50 million in US direct lending

US insurance company's affiliate looks to expand in structured credit
An insurance company-backed asset manager is making a push into the structured credit market

Pension fund allocates £40 million to UK direct lending fund
Strathclyde Pension Fund has emerged as one of the investors in a new UK-focused direct lending fund

Real money chooses European credit
Creditflux’s biggest ever survey of institutional investors shows that real money investors are gravitating towards European credit

SocGen wins mandate to arrange $407 million CLO for US loan manager
Societe Generale has won a mandate to arrange its first new CLO since February last year, according to market sources

Start-up hedge fund investor draws up plans in credit after $300 million mandate
Recently established hedge fund investment platform Blueprint will be looking to invest in an array of credit strategies - provided it can obtain a "substantial discount on headline hedge fund fees", according to its co-founder

Private debt manager Crayhill earns up to $150 million from US pension fund
Private debt manager Crayhill Capital has been awarded up to $150 million

California pension fund short-lists six managers for credit mandate
A California pension fund has narrowed down the search for an opportunistic credit manager to six names

US pension fund targets seasoned CLOs as it allocates $100 million
Public Pennsylvania pension plan picks PMAM

London pension fund thinks global in search for direct lending managers
A London-based pension fund is looking to allocate £110 million ($138 million) to a direct lending strategy which can produce returns of Libor plus 4-5%