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

August: fund performance
CLO spreads jumped wider in August, but funds that invest in these assets have been able to outperform

September: credit funds at a glance
White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

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

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal 

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

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

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

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

Hunt Mortgage Group closes its first CRE CLO
The commercial real estate lender has announced the closing of its first commercial real estate collateralized loan obligation, known as Hunt CRE 2017-FL1  

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

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

Creditflux parent rebrands as Acuris
Creditflux’s parent company gained a new name last month, with Mergermarket Group relaunching as Acuris

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

CRE CLO prices at record tights
A new CRE CLO issued by Resource Capital Corp has achieved the tightest pricing since the crisis