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

ELFA starts drive for consistent climate reporting in CLOs
The European Leveraged Finance Association (ELFA) has published a new report on CLO carbon and climate disclosures

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

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

Look deeper to uncover ESG performance in CLOs
New research from Fitch Ratings, which examines ESG Score analysis from Sustainable Fitch, examines how European CLOs are performing on ESG criteria and has confirmed that the wording in documentation really does make a difference — but only if you look below the surface.

They said it: "I don’t know and I don’t care about ESG"
One of our CLO Census responders has a strong view (or not) on ESG

Elfa confirms launch of CLO ESG questionnaire
The European Leveraged Finance Association confirmed the launch of its new CLO ESG questionnaire which it says aims to “improve the quality of ESG reporting and data in the CLO market."

Elfa prepares standardised ESG CLO questionnaire
The European Leveraged Finance Association is in the final stages of launching a standardised ESG questionnaire for the CLO market. Sources anticipate it will be published and distributed before the end of the year.

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

Fitch launches ESG scoring for Euro lev fin issuers with 75% CLO coverage
Fitch has scored 430 individual borrowers in the European market, which are on average more than 75% of the portfolio in an average Fitch-rated European CLO

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

Points up front: ESG official rants at ESG
Stuart Kirk, the former head of responsible investing at HSBC Asset Management, signed off on a frank note as he unveiled his resignation on LinkedIn

Impact investor earns $146 million from US body for second CLO
An impact investment firm owned by M&G is poised to launch its second CLO, according to filings seen by Creditflux

FinDox steps in on climate disclosure reporting for CLOs
FinDox has become involved in reporting on carbon data for ­climate-related financial disclosure regulations, having been mandated by leading CLO managers to source relevant ESG key performance indicators

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

European CLO triple As widen to 140bp with long-awaited Permira deal
European CLO triple As have widened out to 140 basis points over Euribor, as Permira Credit breaks the two-week CLO market silence by pricing its long-awaited new issue deal, Providus CLO VII

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

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

Managers debate ethics of investments in arms makers

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"