Texas mid-market lender pulls in $180 million for second fund
A Houston-based mid-market specialist has raised just under $180 million in the first close of its second private equity-style fund, according to regulatory filings

West coast pension plans $300 million Carlyle mid-market allocation
Pension fund puts money into commingled fund and separate account with Carlyle Group

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

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

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

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

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%

Private equity firms win mandates to invest $150 million in credit
A US pension fund has tasked two firms, better known for their expertise in the private equity sector, to invest in opportunistic and distressed credit

Montana pension fund allocates to new Asia direct lending fund
Montana Board of Investments has allocated $30 million to an Asia-focused direct lending fund, according to documents seen by Creditflux

UK pension fund picks leading managers for £750 million credit push
Strathclyde Pension Fund has elected to increase its exposure to credit by 3% and has dished out lucrative mandates to some of the leading names in credit management

Structured credit hedge funds earn approval from Texas pension plan
Two "emerging managers" with prowess in the structured credit market have been given backing by a Texas pension fund