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

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

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

Direct lenders grow as investors clamour to be in private credit
A surge in investor interest in private credit is driving a recent trend towards larger US direct lending funds

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

Direct lenders look beyond London to find all roads lead to Manchester
Manchester is quickly emerging as the home of the UK’s direct lending market with a number of managers looking to increase their presence in the city

TCW raises new funds as managers look for juicy yields in direct lending
TCW has secured big mandates from two US state pension funds in the past few weeks for its fast-growing direct lending business

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

GIC leads the charge as Asian buyers target European direct lending
Asian investors looking to emulate US pension funds and pushing into Europe's direct lending market

Chicago-based firm raises $250 million for new direct lending fund
A mid-market lender has raised more than $250 million for a new direct lending fund, according to market sources

London-based direct lender earns €35 million for new fund
A direct lending firm has been granted €35 million from a US endowment fund

Aalto finds a home for new US direct real estate investment strategy
A big player in the CMBS market turns its attention to residential property  

Guggenheim raises direct lending CLO with novel drawdown
Novel structure gives manager flexibility to invest in direct lending market

Europeans add twist to US recipe
A simple direct lending recipe born in the US is now being given a European flavour as unitranches grow in popularity among direct lenders and borrowers

European direct lenders strike €25 million sweet spot
Many new entrants to the European direct lending market are finding that they can put assets to work by making loans in the €20 million to €30 million range

TCW raises funds for direct lending strategy
Asset manager plans closed-end fund for its newly acquired direct lending strategy