Investcorp targets most liquid loans for new European credit fund
Investcorp Credit Management is targeting “the largest and most liquid European issues” after raising €318 million for a levered credit fund that invests in European loans

Non-bank lenders spot fund financing opportunities
Volatility arising from the coronavirus will give non-bank lenders an opportunity to gain market share from traditional lenders in the fund financing space, sources say

Leverage providers focus on direct lending eligibility rules
Banks will have to re-examine eligibility criteria for leverage facilities extended to direct lenders, according to market sources.

Direct lenders seek flexibility as leverage facilities disperse
European direct lending funds are frequently taking on leverage, and with some of these facilities topping €1 billion, leverage providers are looking to syndicate their exposures among other banks.

Ares credit business grows 4.4%, driven by US direct lending
US and European direct lending, alternative credit and syndicated loan funds dove growth for Ares Management Corporation in the second quarter, the firm said

Unlevered direct lending funds bring in first-time investors
Unlevered direct lending funds are particularly appealing to first-time investors and one of the biggest managers in the business has taken note of this

Crestline holds $600 million final close for PE-focused financing fund
The new fund will provide financing to private equity funds post their investment period, allowing them to provide follow-on growth capital to portfolio companies or additional liquidity 

Danes work with Credit Suisse to bankroll direct lenders
Credit Suisse has forged an alliance with another pension fund in a partnership that will provide leverage to direct lenders

BNP Paribas adds experienced fund financing specialist to its Paris offices
BNP Paribas has hired an experienced professional to its fund financing team. The new recruit will cover loan funds

Stockholm manager poised to launch two credit hedge funds
The Swedish manager confirms plans to launch two new vehicles, one $100 million fund next month and another early next year

Edinburgh-based direct lender goes to boutique bank OakNorth for revolver
Edinburgh-based direct lending investment company RM Capital has subscribed to a revolving credit facility with a boutique bank

Macquarie confirms senior fund specialist appointment
Macquarie has hired former Investec fund finance specialist Steve Berry to head up its Macquarie Specialised Investment Solutions division