M&G to acquire majority stake in P Capital Partners
London-based investment firm to take 70% share in Swedish private credit business  

Oak Hill teams up with One Investment for European private credit
US-based Oak Hill and One Investment ink JV with USD 5bn to invest in upper middle market and large European companies 

Swedish manager raises EUR 1.7bn for private credit fund
A Stockholm-based private credit specialist has closed a fund targeting non-sponsored loans to mid-sized family-owned and growth businesses in Northern Europe

Swedish credit specialist closes European lending fund with EUR 1.7bn
A Swedish credit specialist has closed its fifth non-sponsored direct lending fund with more than EUR 1.7bn raised

Fed members need to restore their credibility, which could translate into excessive tightening
Rising wages have boosted spending and GDP — but the party can’t last forever

Senior global CLO trader leaves JP Morgan after 20 years
A senior global CLO trader has parted ways with the bank after two decades

Senior Investcorp official lands at wealth manager
A well-known name in the CLO industry has landed at a wealth management firm 

Credit faces blind spot as borrowers enter higher default cycle: BNP Paribas
With short term rates outstripping nominal GDP growth, the credit cycle is entering its next and final stage – one in which corporate defaults will pick up but high quality borrowers should outperform

ArrowMark fills vacancy in London with SRT hire from sell side
ArrowMark Partners has filled a void in its London office after hiring an SRT specialist from Citi 

Citi structured credit specialist leaves after 15 years
A key figure in Citi’s European structured credit business since 2007 has joined Julius Baer as head of corporate finance advisory

M&G eyes European CLO comeback with new sustainability agenda
Another 1.0 CLO manager - and a giant of the fund management industry - is set to make its grand return to CLO management after 14 years away from the market

JP Morgan splits global head of institutional structuring role as it promotes three
JP Morgan has rejigged part of its credit structuring business with a set of promotions for officials who have covered SRTs, CLOs and CSOs as part of cross-asset roles

US CLO manager plots re-expansion into Europe after 16 years
A European 1.0 CLO manager looks set to return to the business 

Amundi replaces European loan head and appoints deputy
Amundi has shaken up the hierarchy of its loan business with a personnel shuffle at the top

Standard Chartered builds out global CLO trading business with big hire
Standard Chartered has bolstered its global CLO trading desk by appointing a London-based trader

Points up front: CLO veteran earns OBE
We spotted a household name in the CLO business among those being feted in last month’s Queen’s birthday honours list — former Alcentra chief executive David Forbes-Nixon was awarded an OBE

HSBC AM names CEO of new $53bn alternatives business
HSBC Asset Management has become the latest manager to bring together its ‘alternatives’ capabilities under one roof, with the launch of a new unit, HSBC Alternatives

Mizuho appoints loan trading head in London
Mizuho says it has hired an experienced loans specialist as head of loan trading for Emea in a newly-created role

Tabula makes series of hires for active credit fund launch
A new arm of independent investment manager and fixed income ETF provider Tabula Investment Management has made four hires as it looks to launch actively managed credit strategies with a systematic approach

Sculptor promotes two after European credit head leaves for Pimco
Sculptor Capital Management has filled the void left by Mathieu Clavel, its former head of European and Asian corporate credit in Europe and Asia, by promoting two senior figures in its credit business

Alcentra appoints DeSimone as CEO
Alcentra has appointed Johnathan DeSimone as chief executive officer following David Forbes-Nixon’s decision to step down and take an investment role at the firm

Axiom bets on 2002-style credit recovery with crossover fund launch
Axiom Alternative Investments is readying to launch a fund aimed at generating returns from the dislocation and revival of European and US credit as the coronavirus pandemic develops

The opportunities to build par and spread within a CLO haven’t been this plentiful since 2009
Last year’s CLOs could become the benchmark for manager performance

Allianz GI names CEO and head of investments as Utermann steps down
Allianz Global Investors has named Tobias Pross as chief executive officer and Deborah Zurkow as global head of investments, following the resignation of Andreas Utermann