Dakota pension fund awards $300 million to asset management giant
Dakota pension fund cuts MBS exposure to make space for an investment in a coporate bond fund

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

Arizona retirement trust ups its private debt allocation by $75 million
The Arizona Public Safety Personnel Retirement System (PSPRS) is set to up its private debt allocation, committing up to $75 million to a New York-based manager.

Guggenheim to take over $400 million mid-market credit fund
Guggenheim will take over as Interim Investment Advisor to the fund on 11 September. The fund’s board of trustees is currently seeking shareholder approval for Guggenheim to become the permanent advisor after that.

Private equity firm Gryphon moves into credit with $100 million fund
The San Francisco-based firm has announced a first and final closing of its mezzanine fund at its cap of $100 million of aggregate commitments

New England pension to invest $100 million in new Tennenbaum fund
The Maine Public Employees Retirement System (MainePERS) plans to invest up to $100 million in the upcoming Tennenbaum direct lending fund

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

KVK launches opportunistic hedge fund to target unloved CLO assets
Funds that live by a rigid set of guidelines (such as CLOs) are being targeted as a source of assets by opportunistic managers

Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years

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

Angelo Gordon raises its second direct lending fund in two years
Twin Brook Capital Partners has announced the final close on its second direct lending fund at $1.6 billion. Taking into account related managed accounts, the Angelo Gordon subsidiary has raised $2.3 billion for the strategy

HIG raises new fund as head reveals secret sauce in direct loan origination
HIG WhiteHorse has announced that it has closed its debut direct lending fund, the HIG WhiteHorse Direct Lending Fund, after making a big push into the strategy last year

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

Twin Brook adds $110 million loan as it builds mid market portfolio
Angelo Gordon’s Twin Brook Capital has made one of its biggest loans to date, according to well placed sources, as it ramps up a recently launched US mid-market credit fund

Carlyle poaches credit specialist from HPS in New York
Carlyle Group is continuing to pump resources into credit with the firm announcing that it has hired a head of credit opportunities based in New York

Tages switches Ucits fund to PSAM after recent hire
PSAM hire sees Tages terminate its agreement with Fore and hand over managerial responsibilities to PSAM

Onex raises capital for new direct lending strategy
Onex Credit is making rapid progress in raising its inaugural direct lending fund, after hiring Goldman Sachs's Walt Jackson to set up this business in 2016

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

Twin Brook emerges as backer of three new acquisition loans
Details have emerged of three new loan investments by Twin Brook Capital Partners, Angelo Gordon’s mid-market credit specialist, as it continues to ramp up its latest fund

Pension fund decides against direct lending allocation - for now
West coast pension fund bides its time as it looks for more information on direct lnding before committing

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

Direct lending hopeful Advent appoints chief of staff
$9 billion asset manager Advent has brought in a chief of staff and strategy

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

SEC charges ex-Nomura CMBS traders with fraud
The SEC yesterday said that two former Nomura CMBS traders, James Im and Kee Chan, misrepresented price information to clients in trades where they were acting as intermediaries