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.

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

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

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”

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

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 

Investors are very focused on ESG: it’s driving them and us, and rightly so
My career in credit began just over 20 years ago, working in KPMG’s restructuring team and advising banks on their troubled loans. It was a pretty steep learning curve as every company was teetering on the edge of bankruptcy. But I learned that controlling cash flow is vital and how to prioritise what’s most important about a company. I still use those same skills every day.

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

Axa IM looks to buy stake in mezzanine lender Capzanine
Axa Investment Managers (Axa IM), the multi-asset investor, and Axa France, the Paris-based insurance company, have entered exclusive talks to buy a minority stake in French private equity house and debt provider Capzanine, from Eurazeo

New Mexico allocates $175 million to credit
New Mexico State Investment Council has awarded a $75 million commitment to real estate debt and $100 million commitment to a multi-credit fund

Och-Ziff's head of European private credit set to join Carlyle
Carlyle Group has made a high profile hire to its credit team in London

European CLO pioneer Wallace set to leave Maltese bank
A loan portfolio manager – who was behind a pioneering European 2.0 CLO – has left MeDirect Bank

French direct lender opens Munich office and unveils new private debt fund
The Paris-based firm has also announced two new hires in its French and German offices