Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report  

San Francisco pension ramps up private credit portfolio with $80 million commitments
The $24.5 billion pension fund currently has a 2.2% actual allocation to private credit, despite a 10% target allocation

Texas pension fund earmarks $650 million to four private debt funds
Angelo Gordon, HIG Whitehorse and Värde have secured commitments from the Texas pension fund for their direct lending funds

Invesco raises $150 million for distressed debt fund
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings

Former Credit Suisse credit heads raise over $400 million for new fund
New York-based Arbour Lane Capital Management has raised just over $400 million for its second credit opportunities fund in less than a year, according to US SEC filings

Silver Rock raises $1 billion for opportunistic credit fund
Los Angeles based Silver Rock Financial has raised just over $1 billion for its opportunistic credit fund, according to US SEC filings.

Pension fund ups commitment to TPG special situations fund by $150 million
Kern County has upped its commitment to TSSP Adjacent Opportunities Contingent Fund, managed by TPG’s special situations platform TPG Sixth Street Partners, 9 May board documents reveal. 

Atalaya closes $900 million credit fund at its hard cap
Atalaya Capital Management has held a final close for its fourth income fund – Asset Income Fund IV (AIF IV) – at its $900 million hard cap, exceeding its $750 million target size 

Oaktree's multi-strategy credit platform reaches $2.9 billion
Los Angeles based Oaktree Capital Management's multi-strategy credit platform – which includes Oaktree Global Credit Fund – has hit $2.89 billion as at 31 March 2018  

New York pension fund allocates $400 million to two private debt funds
New York State Common Retirement Fund has awarded $400 million to two private debt managers: GSO and Vista Equity Partners, Creditflux has learned

Credit portfolio manager leaves event-driven fund manager
A credit opportunities portfolio manager has left event-driven investing firm Water Island Capital

Two senior personnel depart Cerberus
A partner and a managing director have left Cerberus Capital Management, with one of them transitioning to an affiliated acquisition company, sources say

Cowen brings together credit and equity for its sales and trading platform
Cowen has announced two senior appointments as part of its effort to align its credit and equity trading platforms

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

Texas pension fund commits $100 million to distressed debt fund
Texas County and District Retirement System has committed $100 million to a Connecticut-based fund manager

Angelo Gordon hires new global distressed debt head from GSO
New York-based Angelo, Gordon & Co has appointed Ryan Mollett as global head of distressed debt 

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

LeggMason subsidiary's double-fund fixed income liquidation draws to a close
Two funds run by LeggMason subsidiary EnTrustPermal with a fixed income focus are in the process of liquidating – and US SEC filings suggest the process is about to draw to a close

Z Capital passes $100 million fundraising mark for credit fund
Z Capital has raised $106 million for its Credit Tactical Fund, according to a market source

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

Los Angeles manager hits $2.5 billion hard cap with its second credit fund
A firm, launched in 2013, has raised its second credit fund which is more than double its predecessor fund

HPS wraps up fundraising for specialty loan fund with $4.5 billion of LP capital
New York-based HPS Investment Partners has completed fundraising for its HPS Specialty Loan Fund 2016 - which raised over $4.5 billion of imited partner capital with $6.5 billion of purchasing power, exceeding the initial target of $5 billion

Former Fortress official joins TPG-backed credit manager
Arbour Lane Capital Management has hired credit specialist Justin Klein from Fortress Investment Group, according to media reports.

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea