Barings goes global with new mid-market strategy after rapid fund raise
Barings says that it has raised $1.3 billion for a new middle-market credit fund after less than six months on the marketing trail

Abraaj steps up fundraising for new $500 million global credit fund
The International Finance Corporation is looking to make a $20 million allocation to a new credit fund being launched by Abraaj Group

Saba to close London office, reports Reuters
$1.7 billion hedge fund manager Saba Capital Management is closing down its offices in London

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Ares brings in leveraged finance specialist Higgins as partner in credit group
The former global head of long-only credit strategies at BlueBay Asset Management has resurfaced at Ares Management in London

Beechbrook UK fund hits 51% deployment mark
Beechbrook Capital’s UK direct lending fund is now 51% invested with the London-based manager noting that it has now deployed £77 million ($98 million) from its UK SME Credit I fund

Partners Group tops €1 billion for new multi-asset credit programme
Partners Group says that it has raised €1 billion for what it describes as a multi-asset credit programme

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

BNP Paribas moves quickly to restaff London high yield trading business
BNP Paribas has moved quickly to restaff its European high yield trading desk, making two new senior hires for the business last week

Direct lenders look to spread their wings and cross the Atlantic
Middle-market lending is becoming a global business amid talks of JVs

Alva's 'disruptive' fund joins Creditflux listings
A London-based manager is making waves with a tech-focused credit fund

Former ICG credit head Kershaw takes non-executive role on Aberdeen fund
Well-known credit specialist Dagmar Kent Kershaw has taken up a position as a non-executive director at Aberdeen Smaller Companies Income Trust

BlueBay, Brightwood and Permira win private debt mandates
BlueBay Asset Management, Brightwood Capital Advisors and Permira Debt Management have been tasked with overseeing a London pension fund’s direct lending portfolio

Waterfall looks to add derivatives to its credit managed account
A US pension fund looks set to approve a change to its account with Waterfall, which will see the manager gain the ability to use derivatives as a hedging tool

Aviva adds two to its infrastructure debt team in London
Aviva Investors has announced two hires to its infrastructure debt platform

Direct lending shows signs of growth in continental Europe, finds Deloitte
Deloitte has released its latest Alternative Lender Deal Tracker report in which it highlights that 267 direct lending deals took place over the course of 2016 – an increase of 2% on 2015’s volumes

Credit managers morph into eco-warriors as ESG demand escalates
Credit market participants are watching their carbon footprint with green and ethical investing being all the rage

Direct lending specialist tipped to join Permira in London
Market sources have told Creditflux that an experienced direct lender has left a large credit manager ahead of a move to Permira Debt Managers

Oaktree brings in distressed debt specialist from US lender
Distressed debt specialist leaves bank for buy-side role in London