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

US manager to transition subadvised high yield fund to Amplify ETF platform
A fund owned by AdvisorShares and managed by credit manager Peritus will transition to the Amplify ETF Trust, which is sponsored by Amplify ETFs

Calpers executive set to leave the pension fund to rejoin Franklin Templeton
Wylie Tollette is leaving his role at the California Public Employees’ Retirement System (Calpers) to return to Franklin Templeton Investments, with his last day at the pension fund set for 5 January

Deutsche AM corporate bond fund to liquidate by mid-March
Deutsche Asset Management is pushing forward with the liquidation of its High Income Opportunities Fund, with final liquidation distributions expected to be made in about three and a half months

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

T Rowe Price drops operating expenses on credit opps fund
Operating expenses on the fund’s Class I shares will drop by 4 basis points, from 70bp to 66bp, as of 1 December

Natixis rebrands its asset management arm
Natixis has changed the name of its asset management to "better highlight its multi-affiliate business model"

Apollo's credit chief Zelter takes on new role as co-president
Credit veteran James Zelter been elevated to co-president at Apollo Global Management

US boutique to launch fund of funds investing in CLOs and alternatives
The asset and wealth management RIA firm is establishing an alternatives fund of funds to be launched in 2018, according to market sources

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle

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.

White & Case promotes three credit lawyers to partners in US and Europe
White & Case has announced the promotion of three lawyers with credit expertise to its partnership in offices across the US and Europe

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  

Protection holders look to trigger default on HCR ManorCare CDS
Action follows Debtwire report that lenders have accelerated nursing provider's loans following a covenant breach