Australia's largest super fund beefs up international team
Australia's largest pension fund is is growing its team across other geographies in an effort to increase its international presence

Asset-heavy companies look again at whole business securitisation
Whole business securitisations (WBS), which improve bondholder protections by ringfencing some parts of a business into an SPV, were popular before the financial crisis, but existing transactions in the UK have started to tap the markets for fresh funds. 

Harbor Group International names new chief investment officer, credit investments
Global real estate investment and management firm Harbor Group International has named Matt Jones as the new chief investment officer for credit investments

Widening spreads settling into renewables debt pricing
Pricing for infrastructure and renewables financing has increased across the board, according to sister publication Infralogic

Stonepeak hires veteran investor to expand credit team
Stonepeak, an asset manager specializing in infrastructure, announced that Michael Leitner has joined the firm as a senior managing director.

Credit hedge fund returns (May 2023)
Credit hedge fund returns

Credit funds at a glance (May 2023)
A round-up of people moves and fund raising

March madness sees most funds give up gains made in Q1
After a positive start to the year, credit funds ended the quarter with a step backwards; just under 30% of those listed reached positive returns for the month.

KKR plans asset-based fund
KKR Asset-Based Income Fund will take a 'multi-sector' approach, investing across consumer finance, mortgages, small-medium sized enterprises, hard assets, infrastructure and contractual cash flows

Virginia pension discloses $800 million in credit allocations
Virginia Retirement System has disclosed $800 million in credit fund allocations made over the first quarter of this year

Fund performance: European CLO funds lead the way
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January

Credit hedge fund returns (April 2023)
Credit hedge fund returns

Credit funds at a glance (April 2023)
A round up of people moves and fundraising

Ares targets $5 billion for second credit 'Pathfinder' strategy
Ares says it is finding relative value in FinCo loans, rescue financing, asset portfolios and residential mortgages and is monitoring opportunities in CLO tranches

Nomura's private capital unit launches credit interval fund
Nomura Alternative Income Fund has a flexible allocation across private and public credit sectors, depending on relative value opportunities

Arrow overshoots €2.5 billion target for second credit opps fund
Arrow Global has closed its second credit opportunities fund at its hard cap, collecting around €2.75 billion and exceeding its €2.5 billion target

Amundi aims for €600m for new senior mortgage fund
Amundi is launching Amundi Commercial Real Estate Loans II, a European senior mortgage fund

Apollo launches Atlas to shoulder assets from Credit Suisse unit
Apollo Global Management’s acquisition of Credit Suisse’s securitised products group has reached a milestone with the launch of a standalone business known as Atlas SP Partners

Hilltop hires CIO for real estate credit business
European real estate credit specialist Hilltop Credit Partners says it has hired Claudiu Gheorghita as chief investment officer.

Credit Rendezvous: Make yourself comfortable, there’s a storm coming
In our Q1 outlook, we speak to Edwin Wilches, PGIM (US CLOs), Mikkel Sckerl and Flemming Dose, Capital Four (European CLOs),  Jim Fitzpatrick, CQS (US loans), Loic Prevot, Polus (European loans), Madelaine Jones, Oaktree (global high yield), Art Penn, Pennant Park (US direct lending), Mattis Poetter, Arcmont (European direct lending), Keerthi Raghavan, Waterfall (structured credit), Ray Costa, Benefit Street (distressed), Grant Webster, Ninety One (Emerging markets), Oumar Diallo, Aeon (real assets) for their views for the upcoming quarter. 

New York lifts limit on pension alternatives to 35%
New York pensions have been granted the ability to elevate their alternative investment allocations from 25% to 35%. This comes after New York governor Kathy Hochul signed a bill on 23 December that lifts the “basket clause”

Fund performance: Credit funds end difficult 2022 on a positive note
In December 66% of credit funds reached a positive return, following an even better November where 81% of all funds pushed into the black

Credit hedge fund returns (February 2023)
Credit hedge fund returns

Credit funds at a glance (February 2023)
A round up of people moves and fundraising

Carlyle strikes agreement to manage $112m listed fund and shift strategy to CLOs
Vertical Capital Income Fund has struck an agreement for Carlyle Group to take over as investment advisor in a move which will result in the New York Stock Exchange-listed fund shifting focus towards CLO debt and equity investments.