US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

Arcmont launches impact private credit strategy backed by APG, TIAA
The European private debt firm launches a strategy to help address environmental and social challenges as institutional investors around the world increasingly show interest in more than just pure financial returns

Impax Asset Management scoops up Danish boutique manager
Impax Asset Management, an asset manager that invests in the transition to a more sustainable economy, has agreed to buy a boutique Danish business

BNP Paribas launches climate impact infrastructure debt fund
BNP Paribas Asset Management has launched the BNP Paribas Climate Impact Infrastructure Debt fund as interest in impact investing and ESG-related causes continues to grow around the world

Allspring doubles down on funds promoting reduced carbon emissions
Allspring Global Investments has expanded its portfolio of climate transition funds with the launch of its third climate transition fixed income fund

Blackstone closes energy transition fund at over $7.1 billion
Blackstone builds on sustainable credit platform with the final close of a new $7.1 billion green fund 

Asset manager launches credit fund focused on sustainable initiatives
Sustainably-focused asset manager Power Sustainable has launched credit fund with plans to invest in energy, transportation, social and digital and other sustainable infrastructures

Infrastructure investor brings in senior team to launch new sustainable credit platform
Energy Capital Partners (ECP) has announced that a new team will merge into ECP’s dedicated credit investing business and launch a sustainable credit platform named ECP ForeStar

Allspring launches new climate transition fixed income fund
Allspring Global Investments has announced the launch of its second climate transition fixed income fund, called the Allspring Climate Transition Global High Yield Fund

Pemberton hires head of sustainable investing
Pemberton has hired a managing director and head of sustainable investing

Glennmont raises €250m for renewable energy credit fund
Glennmont Partners has raised €250 million for a fund that will invest in renewable energy and sustainable infrastructure

Oaktree launches global high yield Ucits fund with low-carbon emissions focus
Oaktree has launched a global high yield responsible Ucits fund, which it says will offer investors the “opportunity to gain exposure to the asset class while promoting progress toward a low-carbon economy.”

Swedish direct lender raises €684 million for sustainability-linked deals
P Capital Partners has completed the final close of a European direct lending fund that supports borrowers’ transition to sustainable business models

Carlyle launches decarbonisation-linked financing initiative
Carlyle Group says its credit division has launched a decarbonisation-linked financing programme, having closed the first two loans under this initiative

Green negative basis trades open up after GM issues bonds
There is an attractive entry point for ESG-minded credit investors to put on green negative basis trades, according to a research paper by Anthropocene    

HSBC AM's responsible investing head resigns with view to creating "new asset class"
HSBC Asset Management’s global head of responsible investing has resigned after been suspended by the firm. This followed him delivering a conference speech in May in which he downplayed the impact of climate change on financial markets

Seeds sewn for carbon credit market to flower into CLOs
Long-time structured credit specialist Jan Phillip Wassenaar has joined start-up NatureCredits as a senior advisor to support the evolving carbon credit industry

CEO steps down after DWS greenwashing allegations lead to police raid
A tumultuous 24 hours for DWS Group, in which police and regulators raided its office, has been compounded by the resignation of its chief executive officer Asoka Woehrmann on Wednesday morning

AlbaCore launches carbon conscious investing credit strategy
The firm claims it is the "first European private market solution to provide line-by-line greenhouse gas reporting for a corporate credit portfolio"

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Robeco adds Asia fixed income head and builds team ahead of strategy launch
Robeco has made a senior hire with a focus on credit and sustainability as it moves staff from Rotterdam in preparation to launch a new fixed income strategy

Investors take nuanced approach to ESG as they move on from negative screening: Elfa
European bond and loan investors have evolved their ESG investment frameworks with 86% saying that they integrate ESG factors 'systematically and explicitly' in their investment process

ESG template fires up hopes of CSO issuance
2021 may not have been a year of big volume in the synthetic bespoke market, but primary business is back, and decisive inroads into environmental, social and governance (ESG)-focused issuance bode well for 2022

Brace yourselves for increasing ESG basis in credit
One of the safest bets in credit for 2022 is that ESG focus will intensify, with market participants anticipating a surge of green bond issuance as well as widening spread dispersion between climate leaders and underperformers

BNP Paribas AM launches Article 9 social bond fund
BNP Paribas Asset Management has launched a sustainable bond fund that will be classified as article nine under the EU’s sustainable financial disclosure regulation