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

Californian boutique Illumination kicks off fundraising for new credit fund
California-based Illumination Asset Management has opened its IAM Credit Opportunities Offshore Fund to investment and has already raised $22 million

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

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

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

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

Mortgage credit specialist Pretium steps in to back Valcour's CLO ambitions
Stamford-based Valcour Capital Management has been acquired by real estate and mortgage credit specialist Pretium Partners in a transaction which boosts Valcour’s prospects of returning to the US CLO market.

Och-Ziff gives its debut US CLO (another) new lease of life
For Och-Ziff, OZLM Funding is the CLO that just keeps giving

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

BDC investors are paying a big premium to own loans
RiverNorth's Patrick Galley takes our credit quiz

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 

TCW ends three-year absence from CLO market to price reset of 2013 deal
TCW Asset Management has priced a reset of a 2013 CLO. And Creditflux analysis shows exactly how this CLO print compares to all other US CLOs this year

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

MidOcean makes waves with its largest CLO to date
New York manager MidOcean has priced its largest CLO to date in a $613.5 million deal

Sound Point goes big with new $814 million US CLO
Credit Suisse has priced an $814 million CLO for Sound Point Capital Management, according to market sources

$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

Ellington's CLO strategy is "back in business" as opportunity opens up in 2.0s
Ellington Financial has for the last few years pursued a strategy whereby it would buy deleveraging 1.0 CLOs but, as that market dies away, officials at the firm say that they are finding plenty of opportunities in seasoned 2.0 deals

Apidos co-founder set to join Medley as head of structured credit
One of the founding partners at CVC Credit Partners, is set to join Medley Management as head of structured credit in New York

US CLO triple-As hit new tights after Citi prices reset
A large New York-based manager is clearly "on the list" as it prices a CLO reset with senior spreads at 117bp

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

MidOcean prepares to dive into CLO tranche investing
There is increasing overlap between CLO managers and investors as New York-based MidOcean Credit Partners eyes structured credit 

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