European Direct Lending Perspectives: fundraising records shatter
Fundraising in European direct lending hit €32.2 billion in September to mark a record-breaking year for the industry, according to the latest version of European Direct Lending Perspectives

Alcentra plugs gaps as CIO leaves the firm
Alcentra’s chief investment officer has departed, with the firm splitting his responsibilities between its heads of European loans and US loans as co-CIOs 

Alcentra prices second consecutive short-tenor US CLO
Alcentra has stuck to its guns by pricing its second consecutive new US CLO with a short reinvestment period, shunning the market standard five-years to price a two-year deal

Wings of the structure fly in opposite directions as Alcentra prices European CLO
Alcentra has priced its latest new issue CLO in Europe, and its second issue of 2019 on the continent

The ideal home for a loan

CVC adds Alcentra official to investor relations team in London
CVC Credit Partners has appointed a managing director in its investor relations team from Alcentra 

Beyond blacklists: the next step in ESG
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.

Crescent BDC buys Alcentra BDC in $141.9 million transaction
As part of the deal, the combined business development company will go public and charge lower management fees

Los Angeles pension appoints four managers for private credit mandate
Los Angeles City Employees Retirement System (Lacers) has awarded four contracts for a $670 million private credit mandate search, according to minutes from the July investment committee meeting.  

Senior figure departs Alcentra direct lending team, Debtwire reports
Creditflux sister publication Debtwire reports that one of the longest standing members of Alcentra's European direct lending team has left the firm 

Alcentra reaches €5.5 billion close for European direct lending fund
Alcentra says that it has raised €5.5 billion for its latest European direct lending strategy

Alcentra scores tightest 1.5-year US CLO spread after 2016 deal refinancing
Alcentra has refinanced a single tranche of its 2016 CLO named Shackleton 2016-IX

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

Alcentra prices first new issue US CLO for 12 months in short-dated deal
Alcentra has priced its first new issue US CLO in 12 months, teaming up with Citi to issue Shackleton 2019-XIV

Los Angeles pension fund narrows down global direct lending search to four managers
Los Angeles City Employees Retirement System (Lacers) has listed the finalists for a private credit mandate, according to an agenda document seen by Creditflux.  

New kids on the block dominate awards

Spire wins Creditflux Manager of the Year award
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II

Prospect's $500 million CLO fund merges with Stira Alcentra global credit fund
Prospect Capital Management’s $500 million closed-end CLO fund has officially merged with a global credit fund managed by Alcentra and Stira

Alcentra prices new euro CLO with longer non-call period
Alcentra has priced a new euro CLO with Barclays arranging the transaction, according to market sources

Alcentra BDC explores 'strategic alternative' plans to add value
Alcentra has appointed financial advisor Houlihan Lokey to evaluate 'strategic alternatives' for its business development company 

Points Up Front: The best opportunities are way, way over there
Competition was a big theme at last month’s Creditflux European Direct Lending conference. The market has evolved to the point where new entrants are on the fundraising trail, which could lead to a compression in any illiquidity premium prevalent in direct lending loans

Credit funds at a glance

A round-up of fundraising and people moves in credit

Alcentra and Barclays launch new euro CLO with longer call-lock
Alcentra is in the market for a new euro CLO, with Barclays arranging the transaction

Goldman Sachs lands big hire from Alcentra to expand DACH lending
Alcentra’s former head of DACH mid-market has emerged at Goldman Sachs Private Capital