Ares rounds out bumper year for direct lending with $14 billion US fund
Ares Management is ending 2021 with yet another massive direct lending fund-raise

LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

Ex-Citi structured products co-head launches crypto investment firm
Citi's former structured products trading co-head has launched a venture investment firm for crypto companies, digital assets and blockchain protocols with an inaugural $1.5 billion multi-strategy venture

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

Barrow Hanley makes first move in CLOs
Barrow Hanley Global Investors has unveiled plans to launch its first 'CLO fund' in the coming weeks, with suggestions that CLO issuance will follow 

White Oak deploys 80% of new $1.3 billion non-sponsored direct lending fund
White Oak Global Advisors has closed its latest direct lending fund, White Oak Yield Spectrum Fund V, at over $1.3 billion and recieved a further $1 billion for asset-based lending

BTIG launches structured credit business with four hires
BTIG has launched a new structured products business with three hires from Brownstone and one from Waypoint

Antares names CEO following Brackett's retirement
Antares Capital has named its new chief executive officer, following the retirement of CEO David Brackett effective 31 December

CIFC looks to have another crack at direct lending
CIFC Asset Management is exploring the possibility of building out a direct lending business for a second time, with chief executive officer Steve Vaccaro telling the audience at Creditflux’s CLO Symposium that the firm is looking to broaden its business

Barclays fills gap by hiring global macro credit trading head in New York
Banks are moving quickly to make sure they are staffed up in credit trading with Barclays bringing in an experienced trader in New York

Hildene hires business development head from One William Street
Hildene Capital Management has hired a new head of business development

Latham & Watkins hires partner in structured finance team
Latham & Watkins has hired a Chicago-based partner to its structured finance practice

Monroe holds $1.3 billion fourth close on US direct lending fund
The fund, which is targeting $1.5 billion, is anticipated to hold a final close above that target before the end of this year

Brigade adds RMBS specialist to its ranks
Brigade Capital Management has strengthened its structured credit team by hiring an RMBS and ABS specialist 

SVP doubles assets from 2020 as it launches $5 billion distressed fund
Strategic Value Partners has closed a $5 billion distressed debt fund, which it says has made it one of the “largest global investors in the distressed debt and special situations space”.

US loan managers capture secondary opportunities as new issues struggle
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

Credit slumbers in departure lounge as airline equities take off
Credit and equity markets have been in a balancing act on Tuesday between the positive and negative implications of surging oil prices and Germany opting to relax travel restrictions

PennantPark closes levered sleeve of private credit fund at $460 million
PennantPark Investment Advisers has closed the levered sleeve of its fifth comingled fund, PennantPark Senior Credit Fund Levered. Its unlevered sleeve, PennantPark Senior Credit Fund, is due to hold a final close in December

KSL amasses $753 million for fourth travel and leisure credit fund
 KSL Capital Partners Credit Opportunities Fund III had an initial $675 million target and fundraising took ‘less than a year’

Sound Point confirms buy-out of CVC's US direct lending business
Sound Point Capital Management has bought CVC’s US direct lending business, the pair have confirmed. The deal will add $1 billion of assets to Sound Point’s $25 billion platform and includes nine investment professionals

Credit markets heed early indicators of inflation pressure
Inflation became the topic du jour after the consumer price index (CPI) grew 4.2% in April, its fastest rate since September 2008 and much higher than the 3.6% many analysts predicted

BC joins forces with ex-Investec official for private equity financing strategy
The new offering will provide flexible capital to private equity funds and managers

Ex-Cerberus and Jefferies officials join FLC to lead new private debt unit
Family Legacy Capital Management, an investment manager for family office, has unveiled a New York-based private credit unit and has brought on former officials from Cerberus and Jefferies to lead the charge

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date