Blackstone's GSO launches second credit alpha fund
GSO Capital Partners has launched its second Credit Alpha Fund, US SEC filings indicate

Direct lending head says market is overheating
A 2018 outlook report by KKR suggests now’s the time to reduce exposure to direct lending. This comes as another part of KKR goes on a direct lending fundraising spree

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

Axa IM holds €1.1 billion final close on European infrastructure debt fund
Axa Investment Managers – Real Assets (AXA IM) held a final close on its co-mingled pan-European infrastructure debt fund at over €1.1 billion, a spokesperson has confirmed

Manchester's Tosca holds £237.6 million final close for second debt fund
Tosca Debt Capital has held a final close for its second debt fund, Tosca Debt Capital Fund II, at £237.6 million ($335.6 million) 

Former ICG credit head Kershaw takes advisory role at distressed debt firm
Dagmar Kent Kershaw, the former head of Intermediate Capital Group's credit fund businessin Europe and Australia, has landed an advisory role at a $7 billion distressed debt manager

European loan specialist leaves Partners Group
A European corporate loan specialist, who covered both CLOs and direct lending funds, has parted company with Partners Group, a spokesperson for the company confirms

KKR raises $2.24 billion for second private credit opportunities fund
Global investment firm KKR has announced the final close of its second private credit opportunities fund, KKR Private Credit Opportunities II, at $2.24 billion

European direct lending up 34% in recent quarter: Deloitte report
Direct lending in Europe continues to boom, according to the latest Deloitte deal tracker, which found a 34% growth of direct lending deals in third quarter 2017 alone compared to third quarter 2016

Direct lending leverage takes off
HPS, NXT and Crescent target mid market with leverage in Q4. By Grace Jennings-Edquist

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017

Private debt manager makes multi-million dollar sales for third credit opps fund
Private debt manager Park Square has made significant sales for its Capital Credit Opportunities III fund over the course of a year, regulatory filings indicate

French direct lender opens Munich office and unveils new private debt fund
The Paris-based firm has also announced two new hires in its French and German offices

Edinburgh-based direct lender goes to boutique bank OakNorth for revolver
Edinburgh-based direct lending investment company RM Capital has subscribed to a revolving credit facility with a boutique bank

Amundi hopes investors bite as it produces Italian ham and cheese offering
Amundi aims to raise €150 million for a new private debt fund that will invest in private bonds guaranteed by iconic Italian food products    

Pension-backed manager launches debut credit fund at €855 million
A London-based boutique has raised €855 million for a credit fund, Creditflux has learned

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

New direct lending fund and CLO launch drive surge in manager's AUM
A European fund manager has seen its assets under management surge in Q3, thanks in large part to its private debt business

Favourable factors drive direct lenders into large-cap loan space
Direct lending is getting bigger – both in terms of the capital being raised and the scale of the borrowers subscribing to private credit deals

Direct lending managers flock to unregulated fund structures
Direct lending managers are seeing the benefits of using unregulated fund structures

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

KKR's private credit fund fund targets Hong Kong and now South Korea
KKR has raised $301.1 million for its KKR Private Credit Opportunities Partners II (EEA) LP fund, which appears to be targeting Asia-based investors

Investors prefer direct lending to CLOs
For the first time in the history of Creditflux’s credit allocator survey, investors have voted direct lending the best investment in credit. CLOs came joint second. By Michelle D’souza

Former Bain credit specialist joins North Wall as partner
North Wall added former Bain credit specialist Alexander Garnier to its ranks earlier this summer