Chicago manager holds initial close for $1 billion private credit fund
Monroe Capital has held a $348 million initial close for its third private credit fund, which has a $1 billion hard cap, market sources say

THL Credit assigns new role to senior portfolio manager Murphy
Alternative credit manager THL Credit Advisors has promoted managing director Brian Murphy to head of capital markets

Demand for IG outweighs HY as US credit manager launches two funds
A west coast asset manager has launched a high yield strategy and an investment grade fund. The IG option has been more popular thus far

Dublin-based co-head of global credit parts company with KKR
An experienced figure in European credit has left KKR in order to pursue interests outside of fund management. He had been serving as co-head of global credit at the firm

Morgan Stanley promotes New York-based CLO specialist to managing director
The head of US CLO syndication, who has recently taken on a bigger role at Morgan Stanley, has been promoted to MD

Head of CLOs parts company with Los Angeles-based manager
The head of CLO management at Canyon Capital Partners has left the asset manager, ending a near two-decade affiliation with the $20 billion-plus firm

Investcorp brings long-short manager onto its hedge funds partnership platform
Alternative invesmtent manager Investcorp has announced its strategic partnership with Steamboat Capital Partners through its Hedge Funds Partnerships platform

New York real estate investment fund raises $420 million
New York-based real estate investment management firm Madison Realty Capital has raised more than $420 million for Madison Realty Capital Debt Fund, regulatory filings reveal

Ares promotes credit veteran to CEO
Ares Management has appointed Michael Arougheti as its chief executive officer. Arougheti is one of the founders of Ares and is also a partner in the firm’s credit business

SEC names deputy director for its investment management unit
The SEC has appointed Paul Cellupica as deputy director for its division of investment management

BlueMountain names New York-based CLO tranche investor as partner
BlueMountain Capital Management has promoted three employees to partnership, including CLO specialist Brandon Cahill

Monroe holds $300 million first close for private credit fund
Chicago-based Monroe Capital has held its first close on its 2017 Monroe Capital Private Credit Fund in the amount of $300 million, a source close to the situation confirms

Genesis of a CLO desk
On the 10-year anniversary of Genesis CDO I, Creditflux analyses the development of Deutsche Bank’s structured credit desk. By Hugh Minch

Highbridge raises $12 million for tactical credit fund
Highbridge Capital Management has raised $12.3 million for a tactical credit fund, filings reveal

It's essential to be senior in the capital structure
Concise Capital's Glenn Koach takes our credit quiz

Healthcare exposure has potential to inflict pain
Mill Hill Capital’s David Meneret takes our credit quiz