Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

Texas pension fund approves two new CLO manager mandates
The Texas Municipal Retirement System has approved the appointment of GSO Capital Partners LP and Octagon Credit Investors as CLO managers on its non-core fixed income strategy

Seer holds first close on new credit fund
A structured credit boutique founded by former Deutsche Bank manager Philip Weingord has recently raised $42.5 million for its latest fund in what appears to be a first closing, regulatory filings show

Oppenheimer and Carlyle launch global credit fund as part of JV
Carlyle Group and OppenheimerFunds International have filed to register the first fund product of their previously announced joint venture. The vehicle will invest in a wide range of credit products including CLOs, direct lending and opportunistic debt

Apollo reorganises its global credit platform
Sources say Apollo Global Management has reshaped its credit business by merging certain divisions and promoting several staffers in New York. Separately, sources say a high-ranking credit head has left the firm

US credit manager passes $2.7 billion for securitised credit fund
Marathon Asset Management has now raised more than $2.7 billion for its Marathon Securitized Credit Fund, according to regulatory filings

Hildene makes huge 2017 gains after wringing every drop from 1.0 CLOs
For the most part, 1.0 CLOs are on their last legs with very few pre-crisis deals outstanding – but one fund manager has made hugely profitable trades in this area

Brigade co-founder to leave the firm
Brigade Capital Management's co-founder Pat Kelly is leaving the firm, according to market sources

CIFC taps former Citi CLO veteran to lead structured credit business
Jay Huang has joined credit manager CIFC as a managing director, senior portfolio manager and head of structured products investments in New York, Creditflux has learned

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Up-and-coming fund manager Revolution makes big structured credit hire
Sydney’s Revolution Asset Management has made a big hire, signalling its intent in the global structured credit markets

Carlyle raises more than $800 million for global CLO-focused fund
Carlyle's newest fund will invest in CLOs backed by US and European senior secured corporate loans actively managed by third parties

Hayfin acquires US CLO manager
European credit platform Hayfin Capital Management has signed an agreement to acquire a US CLO specialist

US pension scheme puts $100 million into top-performing CQS fund
A multi-strategy credit fund run by CQS has earned a $100 million commitment from a US pension fund

Managers argue over whether structured credit trade is played out
Some US and European hedge funds are trimming their exposure to structured credit as investors back away from this asset class, according to some industry experts

Manager looks to raise up to $500 million to invest in CLOs globally
A firm regarded as one of the biggest CLO mezzanine and equity investors in the market is launching its latest CLO strategy 

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt

White & Case promotes three credit lawyers to partners in US and Europe
White & Case has announced the promotion of three lawyers with credit expertise to its partnership in offices across the US and Europe

Angel Oak joins growth in credit interval funds
Angel Oak is set to become the latest credit manager to target retail investors following in the footsteps of Alcentra, GoldenTree, GSO and Octagon 

Goldman's former head of structured credit trading to move to the buy side
Goldman Sachs veteran Jerry Ouderkirk is joining Pretium Partners, according to a Bloomberg report

Credit fund manager Frost allows management fees to thaw down to 50bp
San Antonio-based Frost Investment Advisors has slashed management fees on its CLO-heavy credit fund

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

Carlyle raises $1 billion for credit opps and structured credit funds
Carlyle Group’s has reiterated over the last several months that it sees huge potential in the credit market, and it is now experiencing joy on the fundraising trail

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms