LP round-up: Champaign pension raises a glass (or bucket) to private credit
Institutional investors allocated over $600 million to 11 managers this week, according to board documentation seen by Creditflux

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

Oaktree mixes defensive with opportunistic in new fund for recent hire
Oaktree Capital Management has launched a standalone absolute return fixed income fund for recent hire Brad Boyd, according to market sources

Owl Rock hires from Oaktree to build opportunistic credit platform
Owl Rock Capital has built out a new opportunistic credit investing division, adding that “current market conditions make it especially attractive and relevant today.” 

Minnesota pension's 2020 credit allocations hit $1 billion
Minnesota State Board of Investments has earmarked $400 million across to two credit managers in a private market update. The commitments mark $1 billion allocated to credit in 2020 by the pension

Fitch places five BDCs on negative outlook
Fitch Ratings has changed the outlooks of five business development companies from stable to negative folllowing a review of its rated BDCs

Credit managers hunker down as idiosyncratic risks persist
A slew of earnings reports from credit managers and business development companies shows that deal-making and performance are robust, but great importance is being placed on credit selection.

Minnesota pension slates $600 million to four credit funds
Minnesota State Board of Investments has earmarked $600 million to four credit funds

Oaktree BDC appoints CLO specialist as CEO and CIO
Oaktree Speciality Lending Corporation has appointed its new chief executive officer and chief investment officer, following the resignation of the incumbent CEO and CIO Edgar Lee

Connecticut $36 billion pension hires first chief risk officer
The Connecticut Retirement Plans and Trust Funds has hired its first-ever chief risk officer

Oaktree's head of European distressed debt to lead expansion in Asia
Oaktree Capital's head of distressed debt for Europe and Asia will relocate to Hong Kong 

Brookfield strikes deal to buy 62% stake in Oaktree
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business.

Oaktree reports distressed gains over year despite Q4 losses
Oaktree was not immune from challenging fourth quarter globally. Its distressed debt strategy, for instance, returned a gross loss of 1.5%

Oaktree makes push into CLO investing with new European fund
Oaktree Capital Management is putting together a new European fund to invest in CLOs

Iowa pension plan seeks high yield manager
Iowa Public Employees Retirement System (IPERS), a $30 billion public pension fund, is searching for one or more firms to manage its high yield portfolio    

Distressed debt outperforms as Texas pension fund's credit strategies gain 11.2%
Texas County and District Retirement System (TCDRS), the $30 billion pension fund, generated 11.2% annualised returns from its credit portfolio for the year ending 30 June. Distressed debt was a major positive, but IG credit lost value

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Oaktree's direct lending expansion gathers pace with new US fund
Los-Angeles headquartered Oaktree Capital has raised at least $85 million for its mid-market direct lending fund

Oaktree nominees appointed to Ranger Direct Lending Fund board
Oaktree Capital Management has announced that its two nominees for the Ranger Direct Lending Fund (RDLF) board - Dominik Dolenec and Greg Share – have been voted to the board at Ranger's annual general meeting yesterday.

Louisiana pension fund commits $75 million to new Oaktree fund
The Teachers Retirement System of Louisiana (TRSL) has made a $75 million commitment to distressed debt manager Oaktree, a spokesperson for the $9.5 billion pension fund confirmed

Oaktree nominates two directors to direct lending board following "poor decisions"
A further development in the Ranger Direct Lending Fund saga has taken place with Oaktree Capital Management - an 18.56% shareholder - having nominated two new directors to add to its board

Oaktree's multi-strategy credit platform reaches $2.9 billion
Los Angeles based Oaktree Capital Management's multi-strategy credit platform – which includes Oaktree Global Credit Fund – has hit $2.89 billion as at 31 March 2018  

Oaktree raises at least $2.1 billion for second real estate debt fund
Los-Angeles Oaktree Capital Management has beaten its original $1.75 billion target size for Oaktree Real Estate Debt Fund II, US SEC filings reveal

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

Virginia pension fund cuts Oaktree high yield account
Virginia Retirement System (VRS) has terminated Oaktree as a high yield debt manager, Creditflux has learnt