Crescent bolsters Nordic direct lending presence with hire
Crescent Capital has appointed a former Nykredit official as a director in the firm’s European direct lending focused on Nordic transactions

KKR brings in Park Square partner for European private credit team
KKR has appointed a London-based partner to its European credit team

Credit funds at a glance: several funds post double digit November returns
November was a strong month for credit hedge funds listed by Creditflux, with latest returns demonstrating the effect of the vaccine/US election rally on fund perfomance

Two senior CQS officials launch European distressed debt firm
Two senior CQS officials have launched their own boutique distressed debt firm, named Broadstone Credit Partners

Blackstone buys $7.5 billion quantitative credit manager
Blackstone has bought DCI, a $7.5 billion technology-driven quantitative credit manager

Equity tranche shorts gather for fallen angels
Investor views are starting to form around on-the-run iTraxx and CDX index tranches, following their rolls into new versions at the end of September and start of October

Park Square opens Frankfurt office
Park Square Capital has established an office in Frankfurt, as the European direct lender says the local presence “cements our commitments to clients in the region”

Vontobel hires ex-Pictet bond manager as head of fixed income boutique
Vontobel Asset Management has announced the appointment of an ex-Pictet bond manager as head of its $25 billion fixed income boutique

Ex Apollo veteran launches mid market firm with $350 million seed capital
A credit veteran, perhaps best known for co-founding Apollo's CLO platforn, has set up a new middle market credit firm named FrontWell Capital Partners. The Toronto-headquartered firm starts operations with seed capital of $350 million

ICG opens Milan office
Intermediate Capital Group has announced the opening of an office in Milan

Wriedt buys minority stake in direct lender Scio and joins as strategic advisor
Oliver Wriedt, the former chief executive officer at DFG Investment Advisers, has bought a minority stake in European credit asset manager Scio Capital

Capza's hybrid debt equity fund reaches €450 million for first close
Capza has held a €450 million first close on its hybrid debt and equity fund, Capza 5 Flex Equity fund

HIG hires ex-Alcentra official to lead European direct lending following departure
 A former managing director at Alcentra has landed at HIG Capital to head its European direct lending platform

Credit hits new wides as US and Europe ramp up coronavirus battle plans
An emergency weekend rate cut by the US Federal Reserve as well as population lockdowns in France and Spain underscore that measures of economic risk have moved to a more systemic level as world governments scramble to deal with the impact of the coronavirus outbreak

Kissick and make up: Ares replaces board member
Ares Management has appointe a replacement to its board of directors as retired Ares co-founder John Kissick steps down

Western to launch European loan business after hiring portfolio manager
Western Asset Management is launching a European corporate loan business after hiring an experienced credit portfolio manager with a background rooted in the CLO industry

Credit CIO Finch leaves GLG
Simon Finch has parted ways with Man GLG, according to market sources, ending an 18-month stay at the firm where he served as chief investment officer for credit

Mediobanca hires former credit derivatives trading head
Mediobanca has hired an experienced credit trader to its office in Milan

Axiom makes big name correlation hire for credit opportunity fund
Axiom Alternative Investments has boosted its platform with the hire of synthetic credit veteran as a portfolio manager

Cairn appoints CEO from Oceanwood as Campbell steps down
Cairn Capital has hired a new chief executive officer, who will take over from co-founder Paul Campbell

Senior figure departs Alcentra direct lending team, Debtwire reports
Creditflux sister publication Debtwire reports that one of the longest standing members of Alcentra's European direct lending team has left the firm 

Axa IM finds replacement for top fixed income role
Axa Investment Managers has appointed Christophe Herpet as global head of Axa fixed income and its buy and maintain division

GSO makes big hire to co-lead distressed investing
Blackstone's credit platform has appointed an ex-Goldman Sachs official to co-lead its distressed debt business 

Deutsche Bank hires emerging market credit trader
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS

Direct lender hires head of credit as it closes in on European mid market CLO
BeSpoke Capital has made a big hire as part of a reorganisation of the direct lender’s business