Wells Fargo AM looks to build out European private debt arm
Wells Fargo Asset Management is seeking to build out its global presence in the private debt industry by strengthening its European private debt business with a new senior hire, Creditflux has learned 

New York boutique raises $85 million for real estate credit fund
Innovatus Capital Partners has raised $85 million for its real estate credit fund, according to recent regulatory filings

Californian pension fund commits $54 million to real estate debt
Stanislaus County Employees’ Retirement Association (StanCERA) has committed $54 million to PGIM Real Estate US Debt Fund, according to documents seen by Creditflux

Ares Reit reports year-on-year dip in earnings amid leadership change
The Ares Commercial Real Estate Corporation has announced a changed in leadership – and has reported mixed results for fourth quarter 2017

Los Angeles direct lender pulls in $323 million in a year for latest credit offering
Real estate direct lender PCCP has raised about $323 million for its ninth credit fund in the course of a year, regulatory filings indicate

London specialist lender names head of underwriting
Iron Bridge Finance, a property development direct lender, has announced the appointment of Gareth Ward as head of underwriting

Real estate lender closes two credit funds with backing of insurance company
RRA Companies, which invests in the US commercial real estate lending space, has revealed first closes for two of its funds that form part of the company’s CRE Credit Platform III

Real estate manager launches $1.5 billion credit fund
Utah-based Bridge Investment Group has launched its third direct lending fund, according to regulatory filings seen by Creditflux

Texas-based credit and real estate manager launches new fund
Hudson Advisors has launched a credit fund, according to regulatory filings seen by Creditflux

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

Real estate lending gains €700 million in six months for Paris-based direct lender
French alternative investments manager Acofi Gestion has raised €700 million of AUM for commercial real estate lending since July 2017

Three Swiss banks team up to launch new private market fund platform
New investment boutique Hermance Capital Partners will focus on private equity, private debt and private real estate

Buoyed by four credit fund closes, Brookfield grows AUM by $35 billion in 2017
Toronto-based property manager Brookfield Asset Management has described 2017 as a “very successful” year characterised by strong fundraising for real assets, as well as significantly increased net income and funds from operations

Real estate credit manager Terra Capital forms partnership with Axar
Real estate credit manager Terra Capital Partners has formed a strategic partnership agreement with Axar Capital Management, the firms have announced

Blackstone names new president and COO
Global asset manager Blackstone has named Jon Gray, the firm's current global head of real estate, president and chief operating officer

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

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

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

BNPP AM establishes two new private debt strategies
BNP Paribas Asset Management establishes two new private debt strategies: European Infra Debt and European Real Estate Debt

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

San Diego pension fund approves $100 million for real estate credit fund
San Diego County Employee’s Retirement Association has approved a $100 million commitment to a new real estate credit fund

Texas manager hires Lone Star’s Stahl as MD for distressed credit
Texas-based real estate private equity firm Pennybacker Capital has appointed a new managing director of distressed credit and special situations

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

London real estate manager launches £500 million debt fund
Specialist real estate debt manager Laxfield Group has launched its latest real estate debt fund, securing £500 million of institutional capital commitments