Barclays' head of middle market CLOs leaves bank
Barclays' middle market CLO head has parted ways with the bank

Madison matches mid-market tights with first CLO primary deal since July
Madison Capital priced its first CLO deal in eight months on Wednesday, teaming up with Wells Fargo to reset 2017's MCF CLO V for an extra four years of reinvestment

Tikehau hires Germany head for new Frankfurt office to target region’s ‘untapped potential'
Tikehau Capital has expanded its European footprint by opening a new Frankfurt office, and has has hired a new head of Germany

Mid market CLO spreads reach tightest point since 2018 as Fortress prices new issue
Four-year triple A spreads on middle market CLOs reached new post-covid tights on Friday as Fortress Investment Group issued a deal with first-pays at just 155 basis points over Libor

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

Hamilton Lane collects nearly $900 million for private credit fund
Hamilton Lane has held a 'nearly $900 million' final close of its sixth private credit fund, Hamilton Lane Strategic Opportunities Fund VI

Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

First Eagle targets $1 billion for direct lending
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

Bain preps follow-up to 2015 global direct lending fund
Bain Capital has launched its latest direct lending strategy, Bain Capital Global Direct Lending 2021

BlackRock scores biggest mid market CLO since 2018
BlackRock has teamed up with Barclays to print a second CLO backed by loans to middle market companies following its buyout of Tennenbaum Capital Partners in 2018

Credit manager prices second tech-focused CLO after 2.5-year break
Vista Credit Opportunities has priced its second ever CLO backed by loans to middle market companies in the technology sector

European CLO head becomes latest PM to leave asset manager after announcing retirement
A large European credit manager has had a number of departures across its CLO and direct lending businesses in recent weeks

Brexit trade deal bolsters private debt deal-making
The long-awaited Brexit UK-EU trade deal struck on 24 December has provided private equity sponsors with a level of certainty, say market participants, even though a financial services deal is still to come

PennantPark keeps up fundraising pace with new credit opps strategy
PennantPark Investment Advisers has held a final close for its US middle market opportunistic credit strategy, PennantPark Credit Opportunities Fund III

SME lender LCM raises €3.4 billion for European credit fund
LCM Credit Opportunities 4 is nearing a €4 billion target and expects to hold a final close in April

Kennedy Lewis raises $2.1 billion opportunistic credit fund
Kennedy Lewis Investment Management has closed a second middle market opportunistic credit fund at $2.1 billion, more than doubling its initial $1 billion target

Alcentra co-CIO for liquid credit set to leave this month
A high profile figure in the US CLO business is leaving Alcentra

Oquendo exceeds €150 million hard cap for senior direct lending fund
Spanish direct lender Oquendo held a €172 million final close on its senior direct lending fund, Oquendo Senior Debt Fund, in December 

LP round-up: investors gift private debt and leveraged loan RFPs over holiday season
2020 ended on a strong note with four institutional investors increasing asset allocation to private debt or initiating private debt and leveraged loan searches. ArrowMark, Banner Ridge, BBAM, HIG Whitehorse, Monroe and Rialto were also awarded mandates

Sagard holds $650 million first close on second non-sponsored private credit fund
Sagard Credit Partners has held a $650 million first close on its second vintage credit fund, Sagard Credit Partners II. The vehicle has a $1.3 billion hard cap

Dyal and Owl Rock in talks over merger via spac - a year after Dyal buys into direct lender
Dyal Capital Partners and Owl Rock Capital Group (a company in which it has an ownership stake) are in talks to merge courtesy of a spac which is sponsored by an affiliate of HPS (another company which Dyal has a minority equity stake)

Mariner spin-out hires private debt specialist as CIO
Newmarket, which focuses on environmental and social themes, has appointed a CIO from a consultancy firm

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Owl Rock prices tech-focused CLO
Owl Rock Capital Partners has priced a rare middle market CLO backed by loans to companies in the technology sector