Perceptive nears $1 billion hard cap for healthcare credit fund
Perceptive Advisors is nearing its $1 billion hard cap for its third healthcare-focused direct lending fund, Perceptive Credit Opportunities Fund III

Credit event auctions mount as European resistance breaks
Two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years — have made 2020 the second busiest year ever for credit event auctions

Hema and Matalan auctions set as DC ponders Ensco credit event
Dates have been set for credit event auctions to settle two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years

Investors should invest in private debt throughout 2020, says bfinance
Private debt has so far proved able to maintain stable valuations and pay coupons in 2020 so investors should keep faith through the year, according to investment consultant bfinance

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

KKR targets sub-debt and ABS with latest private credit fund
KKR is preparing to launch its third mezzanine private credit fund, dubbed KKR Private Credit Opportunities III

Ex-Morgan Stanley CLO head joins blockchain firm to "change world of finance"
A former Morgan Stanley veteran has resurfaced at Figure, a San Francisco-based firm bringing blockchain technology to financial markets

Janus Henderson launches 'first of its kind' senior CLO ETF
Janus Henderson has become the latest manager to prepare a CLO-focused fund, but the manager has taken a rather unusual approach to its fund structure: an exchange traded fund

LP round up: Oregon eyes $1.8 billion into structured credit
Institutional investors have earmarked over $6 billion to credit funds over the past two weeks

LibreMax's former corporate credit head sets up distressed debt firm
The former head of orporate credit at LibreMax Capital is preparing to launch a new distressed debt firm after securing an anchor investment

Fair Oaks resumes dividends on listed CLO fund
Fair Oaks Capital will resume paying dividends on its listed fund Fair Oaks Income Fund

Crestline prepares third speciality lending fund
Crestline Investors is preparing to launch its third speciality credit fund, Crestline Speciality Lending Fund III

Two large managers prepare CLO funds
Another two managers have joined the plethora of firms launching CLO-focused funds of late including CIFC, Capital Four, DFG, Eagle Point, Neuberger Berman, Octagon, and Tetragon

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

Oaktree managing director joins Peak Rock as it grows credit business
Peak Rock Capital has appointed a former Oaktree Capital Management official to help lead investments across corporate credit 

Mount Logan and Sierra take over management of Resource credit fund
Mount Logan Capital and Sierra Crest Investment Management, an affiliate of BC Partners Advisors, have agreed to take over management of the Resource Credit Income Fund, a US-based $240 million interval fund 

Fair Oaks tops up on double B CLO tranches in May
Fair Oaks topped up on double B-rated CLO tranches in its listed CLO fund in May, adding $79 million par value of BB-rated paper

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

Owl Rock hits fundraising trail with follow up to BDCs
Owl Rock Capital is launching a new fund which appears to be in the form of a business development company, US regulatory filings reveal

Balbec holds $1.2 billion final close on fourth insolvency credit fund
Balbec Capital has held a $1.2 billion final close its fourth non-performing loan fund, InSolve Global Credit Fund IV

Angelo Gordon bolsters distressed debt team with hire from GSO
Angelo Gordon has bolstered its distressed debt and corporate special situations team with the appointment of a managing director

Denominator effect expected to drive LP-led private debt secondaries
Institutional investors are expected to engage in rebalancing trades to counter the 'denonimator effect', a move that should lead to an increase in private debt secondary trades

HPS hires from sports and entertainment financier in Los Angeles
HPS Investment Partners has appointed two managing directors from 23 Capital to the firm's Los Angeles office

Atalaya targets $1 billion for fifth specialty finance fund
Atalaya Asset Income Fund V launched earlier this month with $295 million of assets

CLOs hold $100 million of Intelsat debt as it files for bankruptcy
CLOs hold nearly $100 million of the debt of Intelsat, a Luxembourg-headquartered fixed satellite services provider, which filed for chapter 11 protection in the US Bankruptcy Court for the Eastern District of Virginia late last night