Golub secures USD 40m for credit fund from Texas-based pension system
Golub Capital continues to grow its direct lending platform with new commitments, with the New York-headquartered middle-market giant securing a commitment of USD 40m from the pension fund for its GEMS Fund 6

Funds round-up: Jan 2024 - a positive start for the New Year
Asset managers continue to raise funds for private credit in our roundup of notable fundraising in January 2024. 

LBC names new deputy chief investment officer
LBC Credit Partners, a division of CIFC Asset Management, has promoted Homyar Choksi to deputy chief investment officer, as the Philadelphia-headquartered middle market asset manager continues to expand

Ares latest commitment for third direct lending fund comes from Los Angeles pension system
Ares Management continues to grow its Ares Senior Direct Lending Fund III with a new commitment from the Los Angeles Fire & Police Pensions

Golub poaches new co-head of global institutional sales from BlackRock
New York-based Andrea Picard is set to join Golub Capital this March as co-head of global institutional sales, as the New York-headquartered direct lender and middle-market giant lays the groundwork to expand its investor partners group globally

Alaskan fund allocates USD 75m to private credit fund
The Alaska Permanent Fund recently disclosed new alternative investment commitments, including USD 75m to a private credit fund. 

Permira confirms co-heads of credit platform
European alternative credit manager Permira Credit has named David Hirschmann and Ariadna Stefanescu as co-heads, effective immediately, as parent company Permira makes plans to expand the credit business

Middle market CLO continue to roll with new Guggenheim deal
The middle market has continued its strong start to the year, with Guggenheim Investments following on from Blue Owl with its own new USD 400m offering, Guggenheim MM CLO 2024-7

Global CLO rankings - FY 2023
Our full rankings for the global CLO market, including arrangers, law firms and trustees

Blue Owl prices first private credit CLO of the year
Blue Owl yesterday pulled the trigger on its CLO primary market activity in 2024, pricing the first private credit deal of the year, and its own 25th private credit CLO since inception

Wisconsin agency approves USD 55m in commitments for two private debt funds
The Wisconsin Board of Commissioners of Public Lands has approved two new debt commitments, according to recent meeting materials

Managers advise caution despite upbeat outlook for private credit
The golden age of private credit isn’t over yet. In fact, industry experts remain bullish, anticipating continued growth in our breakdown of recent outlooks for the market

Canadian venture capital lender secures USD 150m for tech-focused private credit fund
Vistara raised fresh capital for its strategy of lending between USD 10m and USD 30m to mid-to-later-stage software companies across North America

Goldman Sachs shakes up private credit team
Goldman Sachs is rearranging its senior-level private credit team with the appointment of Greg Olafson as global head of private credit. 

Florida pension system allocates to three alternative funds
Three funds received commitments from the City of Hollywood Employees' Retirement Fund including an opportunistic credit fund and a direct lending fund

Cryptocurrency startup launches Bitcoin private credit fund
Meanwhile Advisors hopes to attract the attention of institutional investors, who will buy into the new bitcoin private credit fund in US dollars, which will then be converted to Bitcoin

ICG continues to build out global credit platform with two new senior-level hires
Global alternative asset manager is growing its North American private debt business. 

Ares secures another USD 50m for direct lending fund
The Ares Senior Direct Lending Fund III, which had its first close in July, is expected to be larger than previous vintages

Ann Arbor retirement system approves commitment to direct lending fund
The City of Ann Arbor Employees' Retirement System approved a USD 7m commitment to the PIMCO Private Income Fund

Despite CLO gloom in Europe and greater take up of private credit in the US, markets on both sides of the Atlantic are similar
I’ve just returned from a trip to London, my first since taking on the mantle of editing Creditflux, and was struck as always by how stubbornly far apart the European and the US markets remain.

Sixth Street taps Goldman Sachs exec for co-chief investment officer
Sixth Street Partners taps Goldman Sachs veteran Julian Salisbury for co-chief investment officer role

Oaktree promotes head of performing credit
Oaktree shuffles its C-suite, announcing major changes for 2024's first quarter. 

Mid market CLO issuance tops $2bn for the month as MidCap prices
Apollo affiliate MidCap Financial priced a middle market CLO on Friday named Woodmont CLO 2023-12, a deal that brought mid market CLO issuance for the month over $2 billion

Middle market CLO volumes surpass $2.5 billion in March after Churchill prices
Middle market CLO issuance for March climbed to $2.69 billion on Thursday after Churchill Asset Management priced a new transaction named Churchill MMSLF CLO II

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist