ResponsAbility collects $151 million for impact private debt securitisation fund
Facebook, the European Investment Bank and the government of Luxembourg are just some of the investment sources for the $151 million clean energy impact debt fund. The fund is structured in a similar way to a CLO – with responsAbility offering investors various risk tranches 

BlueBay adds senior portfolio manager as it targets EM fund launches
BlueBay Asset Management has hired for a newly created senior portfolio manager job 

Emerging markets specialist Albright sells minority stake to Goodhart
Goodhart Partners has purchased a minority stake in Washington DC-based Albright Capital Management, which is an emerging market debt manager, according to an announcement today

Dubai-based manager bolsters private debt team
Gulf Capital has expanded its regional private debt platform, Gulf Credit Partners, with the appointment of two senior professionals in Dubai

Steinhoff CDS fails to (physically) deliver
A credit event auction for Steinhoff Europe revealed very little interest to physically settle CDS contracts, with only one request to buy and for just €8.4 million

Steinhoff CDS buyers set for low pay-out
A credit event auction to settle CDS referencing Steinhoff Europe has returned an initial market midpoint of 83.5, implying there will be a low pay-out of less than 17 cents for protection buyers on the defaulted retailer

Nine bidders for Steinhoff CDS auction as SocGen joins
Tomorrow’s auction to settle CDS referencing Steinhoff Europe will have nine participating bidders, after Societe Generale was added to the list

Deadline day for participating bidders as Steinhoff auction looms
Firms wishing to be participating bidders in Wednesday’s auction to settle Steinhoff Europe CDS have until 5pm today London time (12pm New York) to submit applications to the Determinations Committee

Thomas Cook credit event question travels beyond index roll, as Steinhoff deliverables finalised
An auction next week to settle Steinhoff Europe CDS will have two deliverable obligations, the Determinations Committee has confirmed. But resolution of a bankruptcy credit event question on iTraxx Crossover name Thomas Cook spills over beyond today’s roll into a new series, after the DC was unable to reach a decision this week

Date set for long-delayed Steinhoff auction, with two deliverables
An auction to settle CDS referencing Steinhoff Europe will take place on Wednesday next week – six months after the Determinations Committee ruled that the retailer had triggered a failure-to-pay credit event

Fund performance
A round-up of fund performance

Emerging market CDS trading slumped in Q2, finds Emta
There was $364 billion of emerging markets CDS trading in second quarter, according to the Emerging Markets Traders Association

Fund performance: Mercury rises as does credit fund performance

Investor requirements rather than performance is driving ESG push: Creditflux survey
Only 14% of respondents to Creditflux's global credit ESG survey said performance was the main reason they were adopting envoronmental, social and governance-themed strategies

Florida-based manager revives plan for rare emerging markets CBO
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources

NNIP and FMO gain $250 million for emerging markets loan fund
The pair are aiming for a $750 million second close later this year

Steinhoff has triggered failure-to-pay credit event, rules DC
Steinhoff Europe has triggered a failure-to-pay credit event, the EMEA Credit Derivatives Determinations Committee has ruled unanimously

Steinhoff Europe failure-to-pay credit event question posed to DC
The EMEA Determinations Committee has been asked to rule on whether Steinhoff Europe has triggered a failure-to-pay credit event, following the retailer’s lock-up period request

Dubai-based manager boosts private debt unit with managing director
Gulf Credit Partners, the private debt platform at Gulf Capital, has appointed a managing director from NBK Capital Partners 

African Development Bank prices landmark $1 billion SRT
The market for significant risk transfer (SRT) deals has taken another step forward with a first-of-its-kind deal, which has been originated by the African Development Bank

Mediobanca hires experienced credit trader to build out loan franchise
Mediobanca has appointed an ex-Deutsche Bank senior credit trader as head of loan trading

BlackRock unveils ESG-focused emerging market debt suite
BlackRock has launched a series of emerging market debt funds that will have an environmental,social and governance (ESG) focus

Houlihan Lokey expands global private funds group with Carlyle official
Global investment bank Houlihan Lokey has expanded its global private funds group with the appointment of Zade Zalatimo, former senior executive officer of Carlyle MENA

Swiss manager launches agriculture-focused impact debt fund
Zurich-based responsAbility Investments has launched its second open-ended private debt fund, which will invest in sustainable agriculture and development

Points up front: World Cup simulation shows models don’t work
England as fourth favourites? Pull the other one