AXA wins USD 400m for SRT strategy from US pension fund
The growing global demand for SRT transactions was confirmed yesterday with an announcement from AXA IM Alts that it had been awarded a USD 400m investment mandate from a US pension fund

Carlyle's head of direct lending departs
Carlyle's Head of Direct Lending has left the firm to pursue other opportunities, according to a company memo

Direct lending sets up on high street seeking retail and wealthy investors
Private credit managers, historically reliant on institutional investors, are increasingly turning to retail investors for fundraising. The dramatic growth in private credit as a whole has been well documented. But in the past few years there’s been a massive pickup by retail and private wealth.

SEC charges Chatham and co-founder for improper fixed income trading
The SEC has charged Chatham Asset Management and its founder, Anthony Melchiorre, in connection with improper trading of certain fixed income securities from 2016 to 2018

First Eagle promotes four across syndicated loans and direct lending
First Eagle Alternative Credit has promoted four officials to senior-level roles across its direct lending and syndicated loans businesses

PSP and Aimco form credit partnership as Aimco poaches its global credit head
Public Sector Pension Investment Board (PSP) and Alberta Investment Management Corporation (Aimco) have struck a remarkable agreement which sees the pair jointly invest in credit and the transfer of a senior figure. 

Manager looks to cut HY exposures in CLO-heavy credit interval fund
A credit fund manager has provided a performance update on is multi-strategy closed-end credit fund through regulatory filings, revealing it has beat its benchmark from 1 April to 30 September despite losing 13.66%

Proposed SEC rules "possibly existential" for open-ended loan funds, says LSTA
The US Securities and Exchange Commission's upcoming new rule focusing on liquidity management in open-ended funds could have “possibly existential” and negative implications for loan mutual funds and exchange traded funds in its current form, according to the LSTA

Sona rolls out event-driven and bespoke financing fund to US investors
Sona Asset Management is courting investors in the US for its second capital solutions strategy, having filed an offering of the fund with the Securities & Exchange Commission

MUFG welcomes two senior originators to new US direct lending team
Mitsubishi UFJ Financial Group has made two senior appointments to its new direct lending business

CIFC boosts legal team with two senior appointments
CIFC Asset Management has announced two senior appointments on its legal and compliance team

First Eagle wraps up fundraising for $1 billion direct lending fund
The strategy will target 6-9% net internal rate of return for its unlevered sleeve and 8-11% net IRR of return for its levered sleeve

Credit PM pair seek galaxy of opportunities with long/short fund manager launch
Two experienced portfolio managers have set up a new venture to take advantage of volatile markets

Eagle Point expands into structured products including SRTs with big hire
Eagle Point Credit Management has hired a head of ABS, MBS SRT and specialty finance, in a move which underlines the firm’s progression from a CLO equity investor to a broader credit asset manager.

KKR collects $2.1 billion for inaugural asset-based finance fund
KKR is making a push in the $4.5 trillion asset based finance market, which its co-heads of private credit see as "one of the most compelling and fastest-growing opportunities”

Silver Point hires CPP official to private credit business
Silver Point Capital has hired to its private credit team

Top macro credit PM will fly solo with fund launch
A new credit investment firm could soon be in the offing, following the departure of Alberto Gallo from Algebris Investments in April, suggest market sources

Medley and former CEOs pay $10 million to settle SEC charges over AUM misrepresentation
The respondents have agreed to pay $10 million in civil penalties, without admitting or denying the findings

MidOcean announces promotions in credit business
Two portfolio managers are among those to earn promotion at MidOcean Partners 

Former Goldman Sachs flow credit trading head lands at Daemon
Brazilian investment management firm Daemon has expanded its US arm by appointing two managing partners, one of which is the former head of credit flow trading at Goldman Sachs

CLO investor Lakemore names European business development head
US CLO equity investor Lakemore Partners has hired a managing director and head of business development Europe

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Värde promotes three credit specialists to partner
Värde Partners has promoted Jim Dunbar, Aneek Mamik and Carlos Sanz Esteve to partner