CapitalSpring rustles up $950 million food-focused direct lending fund
At closing time, CapitalSpring's direct lending fund has exceeded its target

Boston has more than a feeling for private credit as pension issues RFP
Boston Retirement System is seeking private credit managers to manage around $60 million

Chicago pension seeks private credit manager
Direct lending, structured credit, distressed/special situations, specialty finance, and multi-strategy funds will be considered

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

US CLO fund wins $16 million from San Jose pension
The $5 billion pension awarded the allocation to a manager's fourth US CLO fund, having previously allocated to its second and third fund 

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway

US pensions assign $1.5 billion to 16 credit managers in December
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

Insurance capital charges may force CLOs to do the splits
The National Association of Insurance Commissioners’ (NAIC) long-awaited capital charges rejig is now in place, and it could result in life insurers changing their habits and CLO issuers splitting tranches

LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

HPS among winners as Texas pension reveals $725 million allocation to credit
Texas County District & Retirement System has revealed over $700 million in allocations to credit funds it made in October and November - including $400 million to a HPS managed account

American Equity mandates $1 billion to Monroe for software and tech lending
American Equity Investment Life has awarded $1 billion to Monroe Capital for its technology lending platform focusing on middle market software, technology and recurring revenue

Real estate manager wins $50 million debt mandate from 'Hong Kong insurer'
Patrizia has secured a $50 million commitment from a Hong Kong insurer to invest in real estate debt

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

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    

New York pension favours credit as it pumps $1.1 billion into tech, loans and distressed
New York State Common Retirement Fund has splurged over $1 billion in credit, topping allocations it made in equities and real estate

UK pension readies £1.3 billion listed alternatives fund
The fund will provide liquid access to infrastructure, specialist real estate, private equity and alternative credit

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

US insurers' CLO exposure soared 23% by end of 2020, report finds
US insurers’ CLO exposure increased about 23% to $192.9 billion in book/adjusted carrying value by the end of 2020, according to an annual report by the National Association of Insurance Commissioners

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