Liontrust forms new credit team as high yield PM and Kames pair join the pride
Liontrust Asset Management has hired Donald Phillips to join its new global fixed income team, according to a company statement

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

If there’s an app for it, competitors face a problem
L&G's Martin Reeves takes our credit quiz

PDM liquidates CLO funds after 20% per year returns
Permira Debt Managers is liquidating two structured credit funds after generating strong returns

CLO manager looks to raise up to $2 billion to invest in CLOs globally
A US CLO manager is planning to invest in CLO tranches for the first time. It is understood that the firm is putting together a structured credit fund that will also have the ability to invest in index tranches

Manager hits £600 million hard cap for third real estate debt fund
London-based DRC Capital has closed its third real estate fund at £600 million ($802 million), hitting its hard cap and surpassing its target of £500 million 

Hedge fund with US and UK offices to shutter following poor performance
The New York-based firm, which invested in a range of strategies including long/short liquid credit, is shutting down and returning all capital to investors

German credit fund Robus draws in investors
Robus German Credit Opportunities Sub Fund, which invests in high yield, has increased its assets under management by over 40% in 12 months

Going short IG against the ECB will eventually pay off
Chenavari’s Demian Brasil takes our credit quiz

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

Markets are complacent and partying like it’s 2006
Algebris’s Alberto Gallo takes our credit quiz

Cheyne raises $400 million YTD for corporate credit fund
Cheyne Capital’s 15-year investment grade corporate credit programme continues to grow its assets – with its 2022 vintage raising over $400 million from investors this year

Spire hires credit analysts from CIC and Mediterranean Bank in London
London-based Spire Partners has announced two new additions to its credit team, with Ian Richardson and Antoine Pinton joining the firm from CIC and Mediterranean Bank respectively

European CLO portfolio manager parts company with ICG
Market sources say that an experienced leveraged loan manager has left ICG in London

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

CLO round-up: it's a good time to be a debut manager
New managers are taking advantage of welcoming debt investors by speedily raising CLOs. Our analysis shows that 2017 is the perhaps the best time to price a debut CLO since 2013

Apollo notches up 100% CLO refi/reset record
It’s not easy being a large CLO manager and staying on top of the refi-reset market, but Apollo has managed to do just that

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

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

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

Past returns
We wind back the clock to the last time investors were hedging French credit ahead of an election and to when one of the best known CLO investors filed an IPO

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

Bain makes double hire to its London office
Bain Capital Credit has raided two hedge fund managers for loans and distressed debt talent

CLO round-up: Investcorp tops table of highest 2.0 equity distributions
This month has seen the largest 2.0 CLO equity distribution ever, according to CLO-i data

ICG announces retirement of chief executive
Intermediate Capital Group has announced that its chief executive and chief investment officer, Christophe Evain, is set to retire later this year after 23 years with the firm