Värde taps growing CRE CLO market for the third time
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs

Bridge builds $1.5 billion US real estate debt fund
The fund has recieved a $25 million commitment from Ventura County Employees’ Retirement Association as part of its private credit pacing plan

CRE CLO issuance beats 2018 totals
After a 12.5% increase in year-on-year first quarter issuance, the first half of 2019 turned up the heat with a 30% year-on-year increase to $9.1bn in CRE CLO issuance, according to Kroll Bond Agency.

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

Bridge markets fourth CRE CLO
With three prior deals outstanding, Bridge Investments last visited the market in December

Arizona pension invests in shipping fund as it steps up private credit allocations
Arizona Public Safety Personnel Retirement System (PSPRS) has approved commitments to Northern Shipping Fund IV, according to transaction documents seen by Creditflux.  

Sun Life merges asset management business to create $159 billion division
Sun Life will merge its fixed income businesses - including Prime Advisors, Ryan Labs and Sun Life Institutional Investors - under a new umbrella named SLC Management 

US pension looks to terminate managers within liquid credit portfolio
San Francisco Employees’ Retirement System is considering terminating Prima Capital Advisors' commercial real estate debt strategy and AFL-CIO Housing Investment Trust  

Louisiana pension allocates $150 million to US credit funds
The Teachers' Retirement System of Louisiana has committed to Torchlight Debt Opportunity Fund VI and Summit Partners Credit III, a spokesperson for the pension fund has confirmed  

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

CRE CLO issuance climbs in Q1
SImilarities in structure rival differences in credit analysis

Church Pension Fund anoints infrastructure debt fund with $40 million
The $13.3 billion pension fund has invested in a fund managed by New Energy Capital

Liquidity and disclosure issues threaten potential CRE CLO market
Most investors that participate in the commercial real estate CLO market want to increase their exposure. But the lack of liquidity and standardised disclosure is holding them back.

Fiera buys private credit and real estate specialist in $74 million deal
The transaction will add $3.1 billion of assets under management to Fiera Capital Corporation 

US pension seek real estate debt managers
The State Universities Retirement System (SURS) has launched a real assets investment search, seeking private core, private core plus, and private non-core real estate managers, on both debt and equity  

Apollo's credit funds report gains in 2018 despite Q4 slump
Apollo saw $21.6 billion inflows throughout the quarter leading to a record total assets under management of $280.3 billion. The firm, however, reported a net loss throughout the quarter 

New Energy increase target size for infrastructure credit fund
New Energy Capital has increased its infrastructure credit fund’s target size by $100 million following strong capital fundraising, US regulatory filings reveal

Maverick draws in $200 million for distressed real estate debt fund
Maverick Real Estate Partners has held a final close for its fifth real estate distressed debt fund, hitting its $200 million hard cap

Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report  

Ellington partners with Trium for new credit Ucits offering
Ellington has joined the alternative Ucits party, partnering with London-based Trium Capital for Ellington Trium Alternative Credit Ucits, a long/short credit Ucits fund.

Apollo draws in $2.36 billion for structured credit fund
Apollo Global Management is edging towards a final close for its fourth structured credit fund

CRE CLOs poised to grow by as much as 40%
The CRE CLO market will grow in 2019 over 2018 as cross-over CLO investors get more comfortable with the simpler, shorter duration structure, said speakers at IMN’s ABS East conference in Miami

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

American Beacon teams up with Apollo for credit interval fund
Regulatory filings reveal that Apollo will allocate assets across four main areas: US corporate credit, global corporate credit, structured credit and real estate credit

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers