TPG makes European direct lending hire from Investec
TPG Sixth Street Partners has bolstered its UK and European direct lending opportunities team with a hire from Investec 

Moody's downgrades tranche from reissued 2018 CLO to triple C citing par loss
Moody's has downgraded a tranche of a CLO reissued in 2018 to triple C, the rating agency said in an announcement

TPG CLO points to tighter pricing across all ratings bands
TPG Capital has launched a new issue CLO via JP Morgan, with price talk pointing to tighter CLO liability pricing heading into the new year

TPG Sixth Street hits $2.2 billion hard cap for fund geared to growth-companies
TPG Sixth Street Partners' new fund has allocations to growth debt, structured equity and stapled solutions (a hybrid financing structure that combines structured equity and growth debt)

US CLO round-up: summer blues don’t weigh on the issuance parade
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings.

TICP prices $402.35 million CLO via Citi
TICP has priced its second new issue CLO of 2019 after teaming up with Citi, according to market sources

CLO pipeline: US takes up baton after European July sprint
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.

US CLO b-wic round-up: secondary volumes reach new heights with equity lagging
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest

TICP cuts triple A spread down to 120bp in refi of 2016 CLO
TICP yesterday cut the funding costs of a 2016 vintage CLO by 38.74 basis points via refinancing

Single A and triple B spreads tighten as Goldman prices new CLO for TICP
TICP and Goldman Sachs priced their latest CLO offering yesterday with bonds tightening since premarketing information was first reported by Creditflux

Spreads set to tighten as TICP closes in on three-year CLO
TICP, the credit management division of TPG Capital, is close to pricing a new issue CLO via Goldman Sachs, with sources suggesting the deal could print as early as today

Alaska pension commits $545 million to seven credit funds
Alaska Permanent Fund Corporation has earmarked $545 million to funds across the credit spectrum across Q2, according to 27 February board documentation

New York pension fund allocates $150 million to special situations fund
The new investment will sit within the pension fund’s opportunistic alternatives bucket

TICP prices new issue CLO with rare 2.5 year reinvestment period
TICP, the credit arm of TPG Capital, yesterday became the first manager of 2018 to price a new issue CLO with a 2.5 year reinvestment period

New Mexico allocates $175 million to credit
New Mexico State Investment Council has awarded a $75 million commitment to real estate debt and $100 million commitment to a multi-credit fund

TSSP launches capital solutions fund
TPG Sixth Street Partners (TSSP), the credit platform of private equity giant TPG, has launched a fund to target late stage growth companies

Shareholders approve new leverage limits for TPG BDC
Shareholders for TPG Speciality Lending have approved the decision to decrease minimum asset coverage ratio to 150%, following an 8 October vote

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Four private credit managers score as Arizona pension fund commits $250 million
The $9.78 billion pension fund has mandated nearly $250 million to four private credit managers, alongside additional commitments for co-investment opportunities 

Californian pension fund moves $35 million into distressed debt
Sacramento County Employees' Retirement System has made a $35 million commitment to a distressed fund TPG Sixth Street Partners 

TPG launches its second new issue CLO of the year
TPG Capital’s hyperactivity in the CLO market continued on Friday with the manager launching its second new issue of the year

Partner in TPG's direct lending business leaves his role
Phil Fretwell has left his role as partner TPG Specialty Lending Europe, Creditflux’s sister publication Debtwire has learned

CLO manager prices $412.37 million reset via Mizuho
A New York CLO manager hired Mizuho to price a reset yesterday, which marks its sixth CLO transaction of the year

Pennsylvania pension awards $50 million to distressed debt fund
The $27.5 billion Pennsylvania pension fund has made a further $50 million commitment to TPG Sixth Street Partners 

TPG credit fund edges nearer $3 billion final after $150 million pension mandate
TPG Sixth Street Partners, the credit arm of private equity giant TPG, has been awarded $150 million for TSSP Opportunities Partners IV