BofA CLO trader departs after 16 years to join US pension giant
Former Bank of America CLO trader has left the bank after 16 years to move to the buy side

Manager wins £1.7 billion IG credit mandate from UK's St James’s Place
The UK wealth manager has awarded a £1.7 billion ($2.28 billion) global invevstment grade credit mandate

HPS closes $15.4 billion direct lending fund as deployment hits 60%
HPS Investment Partners has closed its fifth direct lending fund with $11.7 billion of investor commitments. Creditflux understands this is nearly double its $6 billion original hard-cap

Monroe holds $1.3 billion fourth close on US direct lending fund
The fund, which is targeting $1.5 billion, is anticipated to hold a final close above that target before the end of this year

US pensions make even more space for private debt
US public pensions are increasing allocations to private debt with sources indicating that the resilience of the asset class during the covid-19 pandemic has accelerated the trend

Wisconsin pension seeks evergreen private credit fund
The Employees’ Retirement System of Milwaukee County is on the hunt for private credit fund managers

Manager targets $450 million for global CLO fund
A New York pension has backed the fund, which will invest in CLO debt and equity tranches and is said to have held a first close in Q1

HarbourVest closes $833 million credit opportunities fund
HarbourVest Credit Opportunities Fund II will target a 13-16% net internal rate of return with a portfolio of around 70% credit and 30% equity

CPPIB reveals $600 million in credit investments across France, India and US
Canada Pension Plan Investment Board has revealed $600 million in credit allocations to three managers

Canadian pension Imco allocates $500 million to Ares
Investment Management Corporation of Ontario has revealed a $500 million allocation to a large credit manager that includes $400 million to a fund-of-one

US pension hunts for opportunistic credit manager
Managers have until 4pm ET on Tuesday 1st June to complete the request for proposal

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

Carlyle and Aflac officials lead new ACC committee with ESG template outlined as priority
The Alternative Credit Council has launched an ‘investor manager committee’, chaired by Carlyle Group’s Erica Frontiero and Elena Boeva from Aflac Global Investments, that has ESG in private credit as one of its first orders of business

US pension terminates three credit mandates due to 'underperformance' and relative value
The New Mexico pension terminated one multi-asset credit mandate and two bank loan mandates

Los Angeles pension opens search for private credit consultant
The Los Angeles Fire & Police Pension is on the hunt for a private credit investment consultant after recently adopting a 2% allocation

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

Eagle Point diversifies from CLOs as it wins $180 million for BDC lending strategy
A US public pension has earmarked $60 million for Eagle Point's fund and a further $120 million for a separate managed account

Los Angeles pension seeks global credit manager for $880 million mandate
Flush with cash? The Los Angeles Water & Power Employees' Retirement Plan has launched a request for proposal for its ‘active extended global credit’ mandate. But only managers with $50 billion under management need apply

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers 

Cerberus racks up $4.4 billion for US direct lending strategy
Cerberus Capital Management has held a final close of its latest US mid-market direct lending fund, Cerberus Levered Loan Opportunities Fund IV 

HIG Bayside closes $1.4 billion US distressed debt and special sits fund
HIG Bayside Capital, the distressed debt and special situation arm of HIG Capital, has held a $1.4 billion final close on its HIG Bayside Loan Opportunity Fund VI

Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

First Eagle targets $1 billion for direct lending
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V

LP round up: Dutch pensions put €1.3 billion into infra debt
Institutional investors allocated over $2 billion to credit funds in January. Opportunistic credit funds were a favourite but the biggest moves came in infrastructure debt