Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Direct lender Green Arrow adds two strings to its bow with new funds
Green Arrow Capital, which recently acquired Italian private equity house Quadrivio, is nearing a final close for two funds, sources say.

Ares launches "largest ever" European direct lending fund with up to €10 billion to invest
Ares Management has held the final close on what it claims to be the largest European direct lending fund raise ever

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

CVC poaches Pemberton's head of investor relations
Global credit manager CVC Credit has appointed Mike Anderson as head of Investor Relations

Capital Dynamics registers debut direct lending fund
Zug-based Capital Dynamics is looking to launch Capital Dynamics US Middle Market Credit Fund after establishing a private credit business over the last 12 months

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Michigan pension fund looks to commit $80 million to debt funds
The $114 billion Michigan pension fund is looking to commit to two private debt funds managed by London-based Kreos Capital and New-York headquartered MidOcean Credit Partners

Wells Fargo AM names head for new European private debt arm
Wells Fargo Asset Management has launched its European private debt arm and named Brian Van Elslander as head of private strategies, according to an internal memo seen by Creditflux.

Ranger direct lending fund set to wind-up as Ares withdraws candidacy
A new development in the Ranger Direct Lending Fund saga: Ares withdraws its proposal to assume managerial responsibilities for the fund

Swiss manager launches agriculture-focused impact debt fund
Zurich-based responsAbility Investments has launched its second open-ended private debt fund, which will invest in sustainable agriculture and development

Patrimonium holds first close for two European direct lending funds
Direct lender Patrimonium Asset Management has held a first close for two of its direct lending funds, Creditflux has learned.

Experienced CSAM holds off boutiques to win biggest prize
Credit Suisse Asset Management became a two-time winner of the Creditflux Manager of the Year award last month after picking up the 2018 trophy in front of a packed house at London’s Landmark Hotel on 9 May

Patrimonium set to launch two European direct lending funds
Direct lender Patrimonium Asset Management is launching two new direct lending funds – with both funds anticipated to hold first closes at around €150 million in the coming week, according to market sources

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager 

SME lender ESO expands into Germany
London-based ESO Capital, a lender to European SMEs, has opened a new Frankfurt office – which it says signals its commitment to German-speaking countries

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Madrid manager holds €50 million first close for sponsorless lending fund
Sponsorless investing proves popular with investors, as Trea holds a €50 million first close for its second direct lending fund - two months after launching 

Ares emerges as favourite to take over troubled direct lending fund
Following Oaktree’s wind-down request, the board of the Ranger Direct Lending Fund has chosen Ares as replacement manager - moves which could see the fund change its focus from peer-to-peer loan investments to asset-backed loans

BNPP AM produces its own Novo loan fund to target French mid market firms
BNP Paribas Asset Management has launched a new business loan fund, BNP Paribas Novo 2018, backed by the French Insurance Federation and French public sector investment fund.  

Ares targets €4.5 billion for fourth European direct lending fund
Los Angeles based Ares Capital Management has launched its fourth European direct lending fund, Ares Capital Europe IV, with a €4.5 billion target size, SEC filings show

Tikehau raises over €200 million for French loan fund
Paris-based Tikehau has launched its latest Novo fund, which is endorsed by the French Insurance Federation

Zencap looks to raise €200 million for its third infra debt fund
French alternative investment boutique Zencap Asset Management is launching its third senior infra debt fund with a €200 million first close target, the firm announced on Friday.

German firm holds first close of direct lending fund at €300 million
Frankfurt-based Rantum Capital has launched a second subordinated loan fund, a direct lending strategy called Rantum Private Debt Fund II

Direct lenders pile into "turbocharged" market as fundraising skyrockets: report
Growth in the direct lending market in the 12 months to 31 December was “turbocharged,” growing robustly in the fourth quarter 2017 in particular due to a consistently growing Eurozone economy, according to Deloitte