Axa IM buys US commercial mortgage business from Quadrant
Axa Investment Managers' real assets group has bought one of Quadrant Real Estate Advisors’ US focused lines of business, including a dedicated investment team, in a bid to expand its global debt platform.  

Ellington partners with Trium for new credit Ucits offering
Ellington has joined the alternative Ucits party, partnering with London-based Trium Capital for Ellington Trium Alternative Credit Ucits, a long/short credit Ucits fund.

LaSalle expands into US real estate debt with Latitude acquisition
LaSalle Investment Management has bought a majority stake in the $1.2 billion debt business of Latitude Management Real Estate Investors

New Mexico allocates $175 million to credit
New Mexico State Investment Council has awarded a $75 million commitment to real estate debt and $100 million commitment to a multi-credit fund

DRC hits £750 million hard cap for UK whole loan fund
The European real estate lender has held a final close for its inaugural  UK Whole Loan Fund at its £750 million hard cap

TIG buys strategic minority interest in alternative credit manager
The New York-based manager plans to further expand and diversify into new investments by buying interests in other strategies.

Apollo draws in $2.36 billion for structured credit fund
Apollo Global Management is edging towards a final close for its fourth structured credit fund

Tunstall appoints head of debt strategies
Tunstall Real Estate Asset Management, the alternative manager and real estate lender, has hired David White to serve as head of debt strategies  

Axonic unveils plans for credit interval fund
New York-based Axonic Capital has registered its income producing offering Axonic Alternative Income Fund with US regulators

LRI teams up with Aggregate to launch €500 million real estate debt fund
LRI Group has teamed up with Aggregate Debt Advisory to launch a €500 million real estate debt fund

August: fund performance
CLO spreads jumped wider in August, but funds that invest in these assets have been able to outperform

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

Kommunalkredit builds €190 million first close for infrastructure debt fund
The fund anticipates to hold a final €250million close before year end

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

Laxfield increases size of UK debt fund to £750 million
Laxfield Capital, a UK-based real estate debt firm, has upsized the size of its real estate debt fund Laxfield LLP to £750 million ($986 million)

HIG appoints US head of real estate debt origination
HIG Realty Partners has bolstered its team with the appointment of Michael Mestel as managing director and head of US real estate debt originations

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

IFM Investors collects nearly $500 million for global infrastructure debt fund
IFM Investors has launched a global infrastructure debt fund with total aggregate commitments just under $500 million -  nearly doubling its initial $250 million target size

Aviva Investors looks to raise €500 million for new infrastructure debt fund
Aviva Investors has launched a euro-denominated infrastructure debt fund and received commitments to date from five European insurers

UK pension fund NEST seeks 'innovative' private credit manager
The £3.4 billion pension fund issued an invite to tender for private credit managers 

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers

US pension fund's new private credit portfolio delivers strong early returns
A US pension fund recently created a private credit bucket and this has generated 9.25% time-weighted returns

Värde picks up $250 million for Asia credit fund in just four months
Värde Partners has gained $250 million total sales in just four months for its Asia-focused credit fund, US regulatory filings show