PineBridge explores sale of structured capital fund
EXCLUSIVE: PineBridge Structured Capital Partners III looks to sell debt and equity portfolio; fund invests in junior capital, closed at USD 600m in 2016

Schroders hires COO for securitised products and CLO investments team
Schroders Capital has made a senior hire from Lloyds Bank to the newly-created role of chief operating officer of its global securitised credit team

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.

Manager selection stakes are heightening as CLO pain points intensify: Barclays
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists

LP round up: Oak Hill wins $300 million for strategic credit and Arcmont eyes fund four
US investors allocated nearly $1.5 billion to credit funds in May, with managers to win mandates including: 400, Accel-KKR, Advent, Arcmont, ArrowMark, Comvest, Edelweiss, Francsico, Oak Hill, Sixth Street and Sprott

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

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

Goldman hires veteran CLO structurer to boost US business
Goldman Sachs has hired a well known CLO structurer to its operations in New York

CLO resets drive equity returns to highest in five years: JP Morgan
Equity investors in US CLOs are earning, on average, the biggest returns of the past five years, finds JP Morgan – with deals reset this year having done most to raise the numbers

"I’m passionate about broader representation within investment teams"
CIP's Leila Donnachy takes our credit quiz 

"We have to think about the influence of social media like Reddit"
Schroders' Michelle Russell-Dowe takes our credit quiz

MidOcean employs rare tranche structure with 2016 US CLO reset
MidOcean Credit Fund Management has reset a 2016 vintage US CLO via Jefferies, upping the deal size slightly and shaving its funding costs in an unusual reconfiguration of tranches

Ex-Highland official launches private credit placement agent firm for niche strategies
The former partner and chief executive officer at global placement agent FirstAvenue Americas, has launched his own placement agent named Briarcliffe Credit Partners

Credit funds at a glance: several funds post double digit November returns
November was a strong month for credit hedge funds listed by Creditflux, with latest returns demonstrating the effect of the vaccine/US election rally on fund perfomance

LP round up: pensions plan private credit pacing as strategic credit takes on "midfield" role
US pensions have allocated $1.4 billion across 22 credit funds including those managed by Angelo Gordon, Ares and GoldenTree, according to recent board documents seen by Creditflux. Meanwhile a pension fund draws parallels between strategic credit and Jordan Henderson

LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies

Former GoldenTree high-flyers launch structured credit firm in Los Angeles
A former GoldenTree senior portfolio manager and business development specialist have launched an asset manager that will invest across an array of structured credit, including CLOs, synthetics and private transactions

KKR closes CMBS risk retention fund at $950 million
KKR has held a $950 million final close on its risk retention real estate debt fund, KKR Real Estate Credit Opportunity Partners II

Creditflux announces finalists for Manager of the Year award
Ahead of the virtual awards ceremony on 15 July Creditflux is thrilled to announce the four finalists for the prestigious Manager of the Year category.

SkyBridge generates best returns since inception with 75% credit exposure
SkyBridge Capital, the fund of hedge funds manager run by ex-White House communications director Anthony Scaramucci, claims its Skybridge G II Fund has generated the best monthly and quarterly returns since inception. It will also cut its 25% tender offer frequency from quarterly to semi-annual

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

Former Redding Ridge business development head lands at CLO issuer
The former head of business development at Redding Ridge Asset Management has joined a firm which specialises in CLOs and structured credit

Texas pension pumps $300 million into Pimco fund
Texas Municipal Retirement System has earmarked up to $300 million to a credit fund managed by Pimco, according to board documents seen by Creditflux, building on a relationship established through a predecessor fund

Portfolio manager returns to BlueCrest after four years
The former head of BlueCrest Capital Management's US multi-strategy credit group has returned four years after his departure from the firm