September: credit funds at a glance
White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

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

Thrivent looks to the heavens for new interval loan fund
Minneapolis-based Thrivent Asset Management hopes to receive blessings and capital commitments from investors, after it has registered its new interval Church Loan and Income Fund

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal 

Aviva establishes real assets platform and sells real estate multi-manager business
London-based Aviva Investors has established a new £37 billion real assets platform, which aims to integrate real estate, infrastructure, structured finance and its private debt business

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Securitisation lawyer joins Ashurst from rival firm Clifford Chance
International law firm Ashurst has hired Thomas Picton as a securitisation partner in its London securities and derivatives group

Structured credit PM earns promotion as Pimco unveils new managing directors
Structured credit portfolio manager Russell Gannaway is among seven officials to have been promoted to managing director at Pimco

Manager prices $90 million securitisation backed by "fix-and-flip" loans
An Atlanta-based asset manager has launched a $90 million mortgage securitisation, believed to be the first to be backed by "fix-and-flip" loans

Seer holds first close on new credit fund
A structured credit boutique founded by former Deutsche Bank manager Philip Weingord has recently raised $42.5 million for its latest fund in what appears to be a first closing, regulatory filings show

Axa IM looks to increase credit product offerings in the upcoming year
Axa Investment Managers (AXA IM) is looking to further build on its credit business, offering total return credit products as well as structured finance and real assets, in 2018

Fulcrum hires director for newly created alternatives group
Fulcrum Asset Management hires Mark Horne as director within its newly created alternative strategies team, the firm announced yesterday

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

New York pension fund invests $200 million in real estate debt
New York State Teachers Retirement System (NYSTRS) has approved a $200 million commitment to real estate debt, according to board documentation

Fund of hedge fund operator appoints new CFO and COO
Alternative investment firm Gapstow has appointed a new chief financial officer and chief operating officer, promoting internally to fill the roles

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial

Buoyant CRE CLO market to finish the year with a flourish
Two deals are in the CRE CLO pipeline in what has been a bumper year following $12.2 billion of issuance

Apollo teams up with Palmira to launch €1 billion joint venture
A new joint venture from Palmira Capital Partners and the Apollo European Principal Finance Fund III seeks to invest more than €1 billion in pan-European modern logistics facilities

London-based Signal raises €725 million for credit and real estate funds
London-based private asset management firm Signal Capital Partners has raised €725 million with an investment strategy targeting credit and real estate special situations

Atlanta boutique moves into structured credit with new fund
Boutique asset management firm Ardent has launched a new credit vehicle -- the third fund for the Atlanta-based company

Goldman's former head of structured credit trading to move to the buy side
Goldman Sachs veteran Jerry Ouderkirk is joining Pretium Partners, according to a Bloomberg report