Alcentra's head of European direct lending set to leave
Alcentra’s head of European direct lending is set to part ways with the firm at the end of September

Green QE is future, says BofA
Last week's European Central Bank strategy review confirmed that climate change policies will dictate the shape of future asset purchases, say Bank of America credit strategists

CSO pipeline strengthens following ESG breakthrough
ESG criteria and longer investment horizons are driving new business in a resurgent bespoke tranche market, say dealers. And while this is unlikely to get 2021 near to a 2019-like haul of deals by year end, hopes are high that volume is firmly back on an upwards traject

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

Incus targets €500 million for fourth SME credit fund
The Madrid-headquartered firm has launched its fourth asset-backed European credit fund, Incus European Credit Fund IV, with a €500 million target and €650 million hard cap

DWS and Tikehau target UK pensions with multi-strategy credit fund
The new fund will invest in CLOs, ABS, private debt, leveraged loans, infrastructure debt and real estate debt

Fairwater eyes tranches and options as prospects ‘multiply’
Fairwater Capital is looking to capitalise on rising credit volatility by crafting a strategy that makes full use of the growing number of products in the credit derivatives industry

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

Ares flush with cash after raising €15 billion for European direct lending
Ares Management has raised one of the largest European direct lending funds on record and, with leverage, the fund expects to have a whopping €15 billion to deploy

Toronto-based Whitehorse Liquidity hits $4 billion hard cap on liquidity solutions fund
Whitehorse Liquidity Partners Fund IV provides liquidity solutions to private equity-style fund investors and managers

Muzinich amasses €342 million on third close for European direct lending fund
Muzinich Pan-European II Private Debt Fund is a lower mid-market European direct lending fund

Ex-JP Morgan portfolio manager joins boutique as head of structured credit
A portfolio manager who worked in JP Morgan's chief investment office (2008-2014) and with experience across macro credit trading, relative value, index tranches, options and CSOs has resurfaced on the buy side

"IG investors might want to rethink the instrument, but they need not fear rising rates just yet"
In his latest column for Creditflux, Cheyne's Duncan Sankey writes that the sharp rise in 10-year US treasuries could be positive for investment grade investors, but value is in CDS rather than bonds 

Another structured credit PM leaves BlueBay
The departure follows Creditflux reporting on a separate structured credit portfolio manager exit

Fund managers brace for EU’s new sustainability regulations
European fund managers were faced with new environmental, social and corporate governance (ESG) regulations in March, which enhance disclosure requirements around sustainability

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

Corp hybrid popularity mounts, but strategist outlooks diverge
Corporate hybrid bonds are becoming a focal point for investors in the second quarter, with one bank's credit strategy team making them a top pick to trade spread compression while another's has expressed caution on their likely performance

BofA replaces European lev fin capital markets head
Bank of America has named a new head of European leveraged finance capital markets, with Joe Bishay leaving the role

Manager sails to €210 million final close on fifth European credit fund
The fund will invest in debt and equity in Northern European small to medium sized companies

Tikehau places €500 million sustainable bond as it plans high yield impact fund
Tikehau Capital has placed an inaugural sustainable bond that it says is the first of its kind for an asset manager

Vontobel names fixed income trading head amid four senior hires
Vontobel Asset Management has appointed four senior hires to its team including a newly created role of head of fixed income trading

Tikehau hires UK institutional business head
Tikehau Capital has appointed a head for its UK institutional business

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

Tabula makes series of hires for active credit fund launch
A new arm of independent investment manager and fixed income ETF provider Tabula Investment Management has made four hires as it looks to launch actively managed credit strategies with a systematic approach