400 Capital raises $580 million for third asset backed credit fund
400 Capital Management has closed its third asset backed fund 400 Capital Asset Based Term Fund III at $580 million

BlackRock launches impact bond fund
BlackRock has launched a fixed income fund focused on green, social, and sustainable bonds as well as ‘impact’ MBS and municipal investments

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Credit hedge fund returns (November 2022)
Credit hedge fund returns

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Waterfall pair earn promotion to partner
Waterfall Asset Management says it has appointed a residential loan specialist and a structured credit investor to partner 

LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

Taconic adds CMBS specialist to team in New York
Taconic Capital has boosted its CMBS business with an experienced hire

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

"If anything is to be salvaged from the rest of 2022, the economy needs a hero — and quickly"
Something has gotta give as a recession looms in the US. Might it be energy?

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit  

ArrowMark targets $300 million for commercial real estate
ArrowMark Partners is targeting $300 million for a structured finance real estate fund

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Dispersion begets dispersion in mixed bag of fund returns
Idiosyncratic risks are set to rise in credit, with fund managers becoming occupied with tail risks, and that has been seen in a scattered set of March hedge fund returns

CRE CLO episode shines light on CLO get-out clauses
Market disruption clauses are rare in CLO warehouse agreements, but litigation surrounding a cancelled 2020 CRE CLO underlines how these can give CLO issuers added flexibility in a doomsday scenario

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Pretium collects $1.7 billion for second residential mortgage credit fund
Pretium has closed second residential credit fund at $1.7 billion