Barclays rehires high yield credit trader from Goldman Sachs
A high yield specialist has become the second credit trader in as many months to rejoin Barclays from Goldman Sachs

Morgan Stanley grows direct lending arm in New York with two hires
The bank has added a second hire to its private debt team having appointed an ex-Carlyle official to a newly created role as head of direct lending 

Owl Creek turns heads to special situations with new fund
The firm joins several other distressed investors preparing to take advantage of a potential downturn

Benefit Street affiliate BDC buys stake in ABL lender Siena
Business Development Corporation of America (BDCA), a non-traded business development company managed by Benefit Street Partners, has bought a controlling stake in Siena Capital Finance 

HPS targets $8 billion for flagship mezzanine strategy
HPS Mezzanine Partners 2019, the firm's fourth fund in its mezzanine strategy, has won $100 million from a Louisiana pension fund 

WhiteHorse forms $125 million middle-market JV with Ohio pension
The $79.8 billion Ohio pension fund has teamed up with WhiteHorse to form a joint venture that will have a $375 million total lending capacity

AEA markets successor private debt fund following $1 billion fund close
AEA Investors is marketing its latest private credit strategy, with the firm launching AEA Middle Market Debt Fund IV

Stone Harbor appoints co-CIO and high yield co-heads
Stone Harbor Investment Partners, the New York headquartered credit fund manager, has opted to share out its chief investment officer responsibilities

Texas pension fund commits €75 million to European distressed debt
A $30.01 billion pension fund has awarded €75 million to a European distressed debt fund managed by AnaCap Financial Partners

PennantPark wins $80 million for third credit opportunities fund
The new vehicle is the latest in the PennantPark Credit Opportunities series 

Ullico makes two senior hires for its new fixed income platform
Ullico, an insurance and financial services company, has appointed two senior professionals for its newly-created fixed income investment platform, UIA Investment Management (UIA IM)  

Franklin Templeton acquires Benefit Street
Franklin Templeton Investments has acquired $26 billion credit fund manager Benefit Street Partners

Man Numeric launches credit platform and appoints co-heads of credit
Man Numeric, the quantitative investment business of Man Group, has launched a new credit unit and appointed two officials to lead the business

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Jefferies creates team and aims to build CSO business
Amid mounting buy-side interest in the synthetic CDO market, sources say that Jefferies is looking to build a US business arranging these transactions  

Alaska fund appoints CIO
Alaska Permanent Fund Corporation (APFC), the $65 billion sovereign wealth fund, has promoted an official to chief investment officer.

Crayhill bolsters private credit team with managing director hire
Crayhill Capital Management has strengthened its asset-based private credit team with the appointment of a managing director in New York

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

Pension fund set to vote on rescinding York credit commitment and cutting Tricadia
The investment committee at San Bernardino County Employees’ Retirement Association has recommended that the pension fund rescind its commitment to a structured credit fund managed by York Capital Management, and terminate its relationship with multi-strategy credit manager Tricadia Capital Management

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund

Credit hedge fund to pay $10 million to settle insider trading case
New York-based Visium Asset Management is to pay approximately $10 million to settle a credit fund insider trading case, 8 May US regulatory filings reveal

Distressed debt specialist closes $727 million credit fund
Balbec Capital has announced the final close of InSolve Global Credit Fund III with $727 million capital commitments

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

Investcorp names new co-CEO
Alterative investment manager Investcorp has announced that Hazem Ben-Gacem will become co-chief executive officer, joining current co-CEO Rishi Kapoor