ESG factors show up in leveraged loan pricing in US
Environmental, social, and corporate governance factors are filtering through to the US CLO market and influencing loan prices

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

PGIM hires senior European lev fin PM
PGIM has hired the former head of European high yield and global loans at Aberdeen Standard Investments

LP round up: $5 billion flows to credit as private market allocations increase
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux

Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund 

PGIM hires for newly created ESG fixed income research role
PGIM has appointed a former Allianz official into the newly created role of head of environmental, social & governance (ESG) research for its fixed income division

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

PGIM prepares listed credit fund
PGIM is marketing a ‘flexible’ listed fund, dubbed PGIM Strategic Credit Fund , to invest at least 80% across fixed income

PGIM prepares short duration fund
PGIM has filed its intentions to begin fundraising for a new opportunistic fund. PGIM Short Duration High Yield Opportunities Fund will invest primarily in high yield fixed income instruments that are rated below investment grade

Minnesota pension slates $600 million to four credit funds
Minnesota State Board of Investments has earmarked $600 million to four credit funds

VIP Cinema makes uncomfortable viewing for CLOs as it's reeled into Chapter 11
CLOs hold $52.9 million of debt in seatmaker VIP Cinema Holdings, which has filed for Chapter 11 bankruptcy protection in the District of Delaware

PGIM invests $13 billion in mid market companies in 2019
PGIM Private Capital provided $13 billion in senior and junior capital to 228 middle-market companies globally in 2019, according to a company press release

CLO giant casts eye on CSOs with plans to hire credit derivatives trader
An asset manager with almost $40 billion in CLO investments is looking to hire a credit derivatives trader in Newark in a role which would include coverage of index tranches and CSOs

US pension looks to extend contract with EM debt manager
Los Angeles City Employees’ Retirement System is looking to finalise a one-year contract extension with a manager that has been handling EM debt investments since March 2014  

MGG appoints direct lenders to two US offices
Direct lender MGG Investment Group has appointed two officials to its New York and Dallas team, Creditflux has learned

Prudential adds mid market energy specialist to lead fund origination
Prudential Capital Group, the private capital arm of PGIM, has appointed a managing director of Prudential Capital Energy Partners

PGIM expands ETF offering with high yield bond fund
PGIM has expanded its exchange traded fund offering with the launch of a new high yield bond strategy

Prudential Capital Energy fuels first middle-market mezzanine fund with $343 million
Prudential Capital Energy Partners has closed its first middle-market mezzanine fund with $343 million of capital commitments

PGIM picks up $765 million for US real estate debt fund
PGIM has edged closer towards its $2 billion target size with inflows from at least 19 investors

Californian pension fund commits $54 million to real estate debt
Stanislaus County Employees’ Retirement Association (StanCERA) has committed $54 million to PGIM Real Estate US Debt Fund, according to documents seen by Creditflux

KKR Credit wins US pension fund's $300 million private debt mandate
KKR credit has won a mandate from an Iowa pension fund to act as its private corporate debt strategic partner, board documentation seen by Creditflux reveals

PGIM hires credit trader for its European high yield business
PGIM is understood to have hired a credit trader from a leading sell-side firm for its high yield debt business in London