Texas pension fund creates new credit bucket
The Employees Retirement System of Texas (ERS) has approved a 3% opportunistic credit allocation, according to documents from an investment advisory committee meeting in March seen by Creditflux  

BlackRock to merge infra and real estate platforms as key figure departs
BlackRock is restructuring its infastructure and real estate platforms into a real assets division, sources say

US pension seek real estate debt managers
The State Universities Retirement System (SURS) has launched a real assets investment search, seeking private core, private core plus, and private non-core real estate managers, on both debt and equity  

Apollo's credit funds report gains in 2018 despite Q4 slump
Apollo saw $21.6 billion inflows throughout the quarter leading to a record total assets under management of $280.3 billion. The firm, however, reported a net loss throughout the quarter 

New Energy increase target size for infrastructure credit fund
New Energy Capital has increased its infrastructure credit fund’s target size by $100 million following strong capital fundraising, US regulatory filings reveal

Hyundai allocates $250 million to US real estate debt
Hyundai Investments has mandated $250 million to a real estate debt fund co-managed by Related Cos and HPS Investment Partners

Maverick draws in $200 million for distressed real estate debt fund
Maverick Real Estate Partners has held a final close for its fifth real estate distressed debt fund, hitting its $200 million hard cap

Loomis Sayles plans alternatives interval fund
Loomis Sayles is looking to launch an interval fund focused on alternative asset-based opportunities, according to 4 December US regulatory filings

Los Angeles pension backs Lone Star fund
Los Angeles Fire and Police Pension System has approved a commitment of up to $40 million to Lone Star Fund XI, according to a monthly report  

San Francisco pension ramps up private credit portfolio with $80 million commitments
The $24.5 billion pension fund currently has a 2.2% actual allocation to private credit, despite a 10% target allocation

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

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

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

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

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

Pimco raises nearly $700 million for new real estate debt fund
The vehicle will invest in private and public real estate debt opportunities, including senior mortgages, mezzanine financing, CMBS, and other real estate debt related investments

Institutional investors are too constrained in their private debt approach, research suggests
Institutional investors are too constrained in their approach and are focusing too much on mid-market corporate direct lending, research from global advisory firm Willis Towers Watson suggests