Kayne Anderson holds $3 billion final close for middle market credit fund
The Los Angeles-based manager closed its third middle market credit fund with with $3 billion investable capital including separately managed accounts and leverage

Former CVC Credit CIO Hickey resurfaces at US direct lending firm
Steve Hickey has resurfaced at a US direct lending firm following his departure from CVC’s credit arm last year, Creditflux has learned

Private debt impact funds demonstrate their value in emerging markets
Private debt is becoming an important channel for impact investing with over a third of impact investing AUM tied to private debt, according to a new survey

Golding poaches BlueBay's Das to head private debt
Golding Capital Partners has expanded its private debt capabilities, hiring former BlueBay partner Abhik Das as private debt head and Florian Hofer as investment manager

FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

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

Canadian firm holds high hopes for cannabis-focused infrastructure fund
Direct lending firm Bridging Finance hopes its new fund – which will be focused on private debt loans related to the cannabis sector – doesn't go up in smoke

Searchlight and LionTree join forces on TMT investments
Searchight + LionTree = LightTree, a new partnership which will invest across debt and equity in the TMT space

Boston manager launches direct lending fund
Private equity firm Summit Partners appears to have launched its third credit fund, believed to be a direct lending fund

Amundi raises €665 million loan fund and expands in real estate debt
Paris-based Amundi reveals the final close of its third senior corporate debt fund and expansion of its real estate platform

Bank of Ireland pair set to join PE firm's direct lending team, reports Debtwire
A budding direct lender is growing fast with two more hires from Bank of Ireland

Mexico-based manager's credit fund reaches $55 million
Mexico-based Clarum has raised $54.6 million for its AlphaCredit Debt Fund

Thoma Bravo adds partner to signal push into private credit
A US middle-market lending specialist who has helped one PE firm establish a credit management business is looking to do it again, this time at Thoma Bravo

Monroe moves into special situations credit after hiring from Melody
US middle-market lender Monroe Capital is expanding into special situations credit

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

Private credit manager eyes merger amid tough fundraising conditions
A direct lender operating a in one of the sparsely-populated parts of the market is open to a strategic partnership with a fund manager after scrapping a fund launch 

Pemberton confirms German addition to direct lending fund
Pemberton says that 20% of capital deployed by its mid-market fund is to German borrowers

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Texas mid-market lender pulls in $180 million for second fund
A Houston-based mid-market specialist has raised just under $180 million in the first close of its second private equity-style fund, according to regulatory filings

Credit manager ICG hires west coast marketer
London-based credit manager Intermediate Capital Group has announced that it has hired a marketing specialist on the US west coast

Avenue to call it a day in European direct lending
Avenue Capital Management has pulled the plug on its European direct lending business

Credit hedge fund founder moves to London to join Sandton
Distressed credit manager Sandton has hired a high-profile hedge fund founder who leaves behind Greenwich for London

PM leaves Stone Lion to reunite with former UBS colleagues
A distressed debt specialist has left troubled Stone Lion in order to link up with former colleagues who ran the special situations group at UBS