Ironwood raises at least $162 million for new mezz fund
Connecticut-based Ironwood Capital has raised in excess of $162 million for its latest mezzanine fund – Ironwood Mezzanine Fund IV, according to recent SEC filings.

Searchlight and LionTree join forces on TMT investments
Searchight + LionTree = LightTree, a new partnership which will invest across debt and equity in the TMT space

Goldman Sachs BDC and university endowment extend JV’s investment period
A joint venture between Goldman Sachs BDC and University of California Regents has extended its investment period for two months, regulatory filings show

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

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Manager poised to launch $100 million shipping debt fund
The fund will aim to provide financing for investments within shipping and maritime, according to market sources

New manager to target Australia's secured private debt market
 A new Australian boutique investment manager is set to launch in early 2018, and will target AUD500 million for its first credit fund

KKR Credit wins US pension fund's $300 million private debt mandate
KKR credit has won a mandate from an Iowa pension fund to act as its private corporate debt strategic partner, board documentation seen by Creditflux reveals

Manager holds first close at £90 million for UK lower mid-market fund
The direct lending fund, which has a $300 million hard cap and targets UK lower mid-market companies, has held its first close at £90 million ($120 million) 

FS and GSO end subadvisory partnership amid new launch plans for both
GSO Capital Partners has announced plans to launch an internal direct lending business and to stop subadvising FS Investments’ funds, while FS has agreed to form new partnerships with KKR and EIG Global Energy Partners to manage FS's BDC platform

THL Credit co-founder resurfaces at insurer's private credit arm
Sun Life Investment Management has announced the appointment of Sam Tillinghast as president of its US private credit unit

French direct lender opens Munich office and unveils new private debt fund
The Paris-based firm has also announced two new hires in its French and German offices

OppenheimerFunds and Carlyle team up on new private credit platform
OppenheimerFunds and The Carlyle Group have announced a new joint venture focused on providing high net worth investors and advisors with access to global private credit opportunities.

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds

Kentucky pension funds invest $150 million in two US managers
Kentucky Retirement Systems has agreed to invest $150 million in private credit assets with two US asset managers, and has hired a new consultant to advise on asset allocation

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

Pension funds reassess direct loans as spotlight falls on accounting
Upcoming accounting guidelines could have a big impact on institutional investors’ allocations to direct lending