UK pension hires BNP Paribas AM for starring role in core-satellite private credit fund
UK pension fund Nest has appointed BNP Paribas Asset Management to run the core of a private credit fund, sources say, in an arrangement which sees Amundi and BlackRock manage certain satellite investments  

Värde taps growing CRE CLO market for the third time
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs

Ucits at a glance
A round-up of ucits fund performance

Walton amasses $1.3 billion for second real estate debt fund
The fundraising doubles that of Walton's inaugural debt fund, Walton Street Real Estate Debt Fund I, which closed at $654 million

Bridge builds $1.5 billion US real estate debt fund
The fund has recieved a $25 million commitment from Ventura County Employees’ Retirement Association as part of its private credit pacing plan

Californian pension backs infra debt fund
Sacramento County Employees Retirement Scheme (SCERS) has awarded $40 million to a US infrastructure fund managed by IFM Investors, according to a recent report of investment activity by the pension fund.  

Commonfund seeks to diversify manager pool with new portal
Commonfund will launch an online 'diverse manager portal' designed specifically to receive due diligence materials from women and minority-led managers investing in equities, fixed income and credit, real estate and hedge funds

White Oak lands role in California's clean energy financing programme
The California Statewide Communities Development Authority (CSCDA) has named White Oak Global Advisors as the programme administrator for  commercial property-assessed clean energy (Pace) financing

Illinois pension replaces consultant Callan with Wilshire
Illinois Municipal Retirement Fund (IMRF) has appointed Wilshire Associates to serve as investment consultant and performance measurement services provider, effective from January 2020  

Ares appoints Atalaya founding partner to co-head alternative credit unit
He will serve as co-head of Ares' $4 billion alternative credit unit alongside Keith Ashton 

Kayne Anderson targets direct lending and liquid credit mix for new fund
Kayne Anderson is looking to launch a closed-ended fund focused on direct lending, liquid credit and energy and infrastructure equity investments

Investor requirements rather than performance is driving ESG push: Creditflux survey
Only 14% of respondents to Creditflux's global credit ESG survey said performance was the main reason they were adopting envoronmental, social and governance-themed strategies

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

Arizona pension invests in shipping fund as it steps up private credit allocations
Arizona Public Safety Personnel Retirement System (PSPRS) has approved commitments to Northern Shipping Fund IV, according to transaction documents seen by Creditflux.  

Sun Life merges asset management business to create $159 billion division
Sun Life will merge its fixed income businesses - including Prime Advisors, Ryan Labs and Sun Life Institutional Investors - under a new umbrella named SLC Management 

Principal Real Estate targets $1 billion for real estate debt fund
Its predecessor strategy launched in 2016 with a $875 million target size 

Two structured finance partners join Clifford Chance in New York
Two structured finance partners have joined Clifford Chance’s structured finance practice in New York, according to a statement from the law firm

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.

Illinois pension backs real estate funds
Illinois Municipal Retirement Fund has earmarked $150 million for commitments to Rockwood Capital Real Estate Partners XI and Blackstone Real Estate Debt Strategies IV.  

US pension looks to terminate managers within liquid credit portfolio
San Francisco Employees’ Retirement System is considering terminating Prima Capital Advisors' commercial real estate debt strategy and AFL-CIO Housing Investment Trust  

Louisiana pension allocates $150 million to US credit funds
The Teachers' Retirement System of Louisiana has committed to Torchlight Debt Opportunity Fund VI and Summit Partners Credit III, a spokesperson for the pension fund has confirmed  

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

Madison closes real estate debt fund above $1 billion target size
The New York-based manager now has over $4.5 billion of capital to deploy

Church Pension Fund anoints infrastructure debt fund with $40 million
The $13.3 billion pension fund has invested in a fund managed by New Energy Capital

BlackRock names global alternatives head amid senior leadership shake-up
BlackRock has reshuffled its leadership and made several senior changes across various parts of its business, according to an internal memo seen by Creditflux