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

Private credit specialist rejoins Ares in Los Angeles
Ares Capital Management has appointed managing director Michael Zugay to its private credit team in Los Angeles 

Benefit Street Partners taps Monroe and BlackRock for private debt origination hires
Benefit Street Partners has made two senior appointments to its private debt origination team

BlackRock unveils ESG-focused emerging market debt suite
BlackRock has launched a series of emerging market debt funds that will have an environmental,social and governance (ESG) focus

BlackRock completes Tennenbaum acquisition
Global asset manager BlackRock has completed the previously announced acquisition of Tenenbaum Capital Partners

BlackRock holds €1.1 billion final close for inaugural mid market fund
BlackRock has held a €1.1 billion close for its inaugural middle market private debt fund – exceeding its initial €750 million target.

Schroders appoints credit specialist to fixed income team
Schroders has appointed a former BlackRock credit specialist as an investment director focused on Schroders' credit strategies

BlackRock poaches CLO tranche portfolio manager from London-based firm
BlackRock has hired a CLO investment specialist in London

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 

BlackRock expands US private debt capabilities with TCP acquisition
BlackRock has agreed to acquire $9 billion asset manager Tennenbaum Capital Partners

BlackRock's iShares contribute to strong AUM growth despite volatile quarter
BlackRock has reported a 17% year-on-year growth in AUM at the end of first quarter 2018, as well as a 28% year-over-year growth in first-quarter earnings

BlackRock raising $2.5 billion for direct lending fund: report
BlackRock is seeking to raise $2.5 billion for a private credit fund – and has already hit the $1.5 billion mark in sales, according to a Bloomberg report

Nomura and Investec report 48% gender pay gap
With the deadline for UK companies to publish their gender pay gap reports looming at midnight tonight, a slew of asset management firms have filed reports showing male employees are paid up to 49% more than their female counterparts

Ohio pension backs BlackRock multi-asset and BlueBay direct lending funds
BlackRock and BlueBay have each won commitments from a $14.7 billion Ohio pension fund

BlackRock adds new ETF to $1.8 trillion iShares platform
BlackRock has unveiled a new addition to its suite of target maturity fixed income ETFs, with the iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) rolling out this week

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund

BlackRock's latest global credit fund rakes in $388 million
BlackRock has raised $388 million for its new Global Credit Opportunities Fund in what appears to be a first close

MFS hires former BlackRock fixed income portfolio manager
London-based MFS Investment Managmeent has appointed former BlackRock’s Owen Murfin as an institutional portfolio manager

20-year Credit Suisse veteran joins BlackRock in New York
BlackRock has hired Brent Patry, the former vice chairman of Credit Suisse's acquisition and leveraged finance division

Ex-BlackRock fixed income pair launch cryptocurrency fund
A pair of former BlackRock bond specialists are launching a London-based cryptocurrency hedge fund known as Prime Factor Capital

T Rowe Price poaches multi-asset professional from BlackRock
T Rowe Price has grown its multi-asset team in the Asia-Pacific (Apac), hiring Wenting Shen as a solutions strategist

BlackRock's AUM increases 22% in a year as ETFs contribute to growth
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call

Alcentra hires former BlackRock US loan and CLO chief
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield

BlackRock targets European investors with global macro opportunities fund
Known as BSF Macro Opportunities Fund, the strategy will provide long/short multi-asset exposure and offer daily liquidity

BlackRock shakes up top credit roles
BlackRock is shaking up its credit leadership team, with two top positions set to be shuffled in the near future