New Mexico investment council approves commitment to Silver Point strategy
Special situations credit firm Silver Point is set to receive $100 million from a US state investment fund for its latest distressed credit stratregy

Canada’s Fiera generates 10% AUM growth in 2017
Montreal-based asset manager Fiera Capital Corporation has increase its assets under management by 10% year-on-year and grown its annual revenues by 33% on a year-over-year basis, its latest financial report reveals

Sacramento pension fund eyes new private credit allocation
The Sacramento County Employees’ Retirement System’s board has approved a new annual investment plan for 2018 that introduces a private credit allocation, Creditflux has learned

Zais hit with class action filing over proposed go-private deal
A Zais Group stockholder has filed a putative class action lawsuit against the firm, taking aim at Zais’s plans to merge with subsidiary ZGH Merger Sub and Zugel’s firm Z Acquisition – a plan that would result in the company going private

New chief executive and president named on $160 million Guggenheim fund
A Guggenheim Partners fund has named a new president, chief executive officer and trustee following the passing of Don Cacciapaglia in December

BlackRock adds new ETF to $1.8 trillion iShares platform
BlackRock has unveiled a new addition to its suite of target maturity fixed income ETFs, with the iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) rolling out this week

Pimco hires United Nations director in move to expand ESG capabilities
Fixed income giant Pimco has hired a former United Nations director as it builds out its environmental, social and governance (ESG) platform for investors seeking socially responsible investments.

Private equity firm hits target size with $170 million for its first credit fund
Technology-focused private equity firm Accel-KKR has raised $170 million – and hit the total offering amount – for its series 1 Credit Partners fund, which appears to be a direct lending strategy

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund

Fund industry braces for further impact after court's DOL fiduciary rule decision
The US Department of Labor (DOL) had said it will not enforce its embattled ‘fiduciary rule’ following a legal ruling last week – but one regulatory lawyer says fund industry players should nevertheless brace for several impacts of that ruling

Manager prices $90 million securitisation backed by "fix-and-flip" loans
An Atlanta-based asset manager has launched a $90 million mortgage securitisation, believed to be the first to be backed by "fix-and-flip" loans

Anchorage wins $75 million ticket for global credit fund
A US pension fund has approved an investment in the upcoming Anchorage credit fund

EnTrustPermal makes senior hire in bid to expand aviation financing capabilities
New York-based EnTrustPermal becomes the latest asset manager to expand its aviation finance capabilities as it hires veteran aviation investor John Morabito 

Goldman Sachs’ co-president and COO Schwartz to retire
Goldman Sachs has announced that Harvey Schwartz, the group’s president and co-chief operating officer, is retiring and will step down effective 20 April 2018. David Solomon will now serve as sole president and COO

BlackRock's latest global credit fund rakes in $388 million
BlackRock has raised $388 million for its new Global Credit Opportunities Fund in what appears to be a first close

New York boutique raises $85 million for real estate credit fund
Innovatus Capital Partners has raised $85 million for its real estate credit fund, according to recent regulatory filings

AB emerging markets debt fund raises $240 million for a single investor
Regulatory filings indicate that New York-based AB, previously known as AllianceBernstein, has raised $240 million for the fund

Adams Street names new appointment to board of directors
Chicago-headquartered Adams Street Partners has appointed Matthew Scanlan of Angel Island Capital to its board of directors

Sharp decreases mar THL direct lending BDC's latest financial results
THL Credit has reported a decrease in net assets from operations and net investment income in its newly released financial results, but chief executive Christopher Flynn remains "confident" in the underlying value of the direct lending business

Ares Reit reports year-on-year dip in earnings amid leadership change
The Ares Commercial Real Estate Corporation has announced a changed in leadership – and has reported mixed results for fourth quarter 2017

BC Partners registers BDC to invest in US middle market companies
Pan European buy-out investor BC Partners, Acuris’s parent company, has registered a new BDC under the name of BC Partners Lending Corporation, SEC filings reveal

Western Asset Management puts emphasis on IG credit for listed fund
Western Asset Management Company has renamed its Western Asset Income Fund to Western Asset Investment Grade Income Fund

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

EM manager crosses $2 billion fundraising mark across four debt funds
London-headquartered Ashmore Group has now raised more than $2.3 billion in total between four of its Luxembourg-domiciled emerging market debt funds, regulatory filings indicate

Texas-based credit and real estate manager launches new fund
Hudson Advisors has launched a credit fund, according to regulatory filings seen by Creditflux