Wendel announces purchase of majority stake in Monroe Capital
French investment firm Wendel announced on Tuesday it has agreed to acquire 75% of US private credit firm and CLO manager Monroe Capital for USD 1.13bn, as part of its planned expansion into third-party asset management.

HighVista aims for USD 500m for third private credit fund
HighVista raised USD 78m as the Boston-based alternative asset manager targets USD 500m for its third private credit fund 

French investment firm closes sixth private debt fund with EUR 2.5bn in commitments
French private investment firm Capza held a final close of its sixth private debt fund, with commitments 50% greater than the size of the previous vintage

Avenue Capital raises billion dollar European special situations fund
New York-headquartered Avenue Capital Group held the final close of a new European special situations fund with more than USD 1bn in commitments

Cheyne returns to SRT market with eye-catching hire
Cheyne Capital has re-entered the significant/synthetic risk transfer (SRT) market, bringing on an industry veteran to act as portfolio manager

Resignation of Texas bankruptcy judge David R Jones raises potential for vacating prior rulings in legacy cases
Debtwire's full breakdown of the situation explains all the details of a resignation that threatens chaos for both active and historic restructurings, including cases like J.C. Penney and Neiman Marcus

Golub rearranges direct lending leadership team

Golub Capital promoted several members of its direct lending leadership team as the firm continues to grow.

Crédit Agricole appoints head of corporate and leveraged finance
Crédit Agricole CIB has appointed a head of corporate and leveraged finance, effective Thursday

First Eagle promotes four across syndicated loans and direct lending
First Eagle Alternative Credit has promoted four officials to senior-level roles across its direct lending and syndicated loans businesses

HighVista holds final close of second private credit fund at $450 million
HighVista Strategies has announced the final close of a second private credit fund

Experienced structured credit trader to join bank after leaving Credit Suisse
Credit Suisse is set to lose a trader with almost 17 years experience at the firm to another bank in New York

Citi promotes structured credit specialist to top Emea credit trading role
Another senior official in Citi's credit team has been promoted

SocGen promotes credit head in New York
Societe Generale has appointed a 20-year veteran of the bank to head of fixed income for the Americas

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

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

Blackstone lands big name as bank's synthetic structured credit talisman joins buyside
Blackstone has hired a well known figure from the synthetic structured credit market, with a prominent name in CSOs joining the firm after 18 years working on the sell-side 

Nuclear power plant seizure amps up commodity chaos
The high volatility driven by Russia's invasion of Ukraine is taking financial markets to new extremes, with credit ending the week once again hitting new widest spreads since mid-2020

Park Square sells minority stake to Bonaccord
Bonaccord Capital Partners has bought a minority stake in $10 billion private credit shop Park Square Capital

Citadel promotes credit head to co-CIO
Citadel has promoted its global credit head to co-chief investment officer

GIB brings in ESG expert for fixed income expansion
GIB Asset Management has hired from Abrdn as it looks to grow beyond emerging market credit and index strategies 

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

Antares hires experienced investor relations official from Barings
Antares Capital has hired a head of investor coverage in asset management

Black Diamond structured credit BD head joins impact investment firm
Black Diamond Capital Management's head of structured credit business development has parted ways with the firm after nearly four years, according to market sources. He is set to join start-up impact investment firm Lafayette Square as managing director and head of capital markets

Manulife appoints co-heads of junior private credit from Hancock affiliate
Manulife Investment Management has named co-heads of junior credit for private markets

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners