Structured credit PM earns promotion as Pimco unveils new managing directors
Structured credit portfolio manager Russell Gannaway is among seven officials to have been promoted to managing director at Pimco

Och-Ziff's head of European private credit set to join Carlyle
Carlyle Group has made a high profile hire to its credit team in London

European Commission introduces proposals to tackle high levels of NPLs
In a bid to address the high levels of non-performing loans that are sitting on bank balance sheets, and to reduce future accumulation of NPLs in the banking sector, the European Commission yesterday released proposals to try and tackle the issue.

Fidante acquires minority stake in credit fund manager Latigo
Fidante Partners has today announced that it has acquired a minority stake in Latigo Partners, a credit asset manager.

Apollo forms Italian real estate partnership
Funds affiliated with Apollo Global Management have formed a strategic partnership with Milan-based Realty Partners to invest in the Italian real estate market

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

Consumer lending: questions pile up for debt collectors
Cabot’s failed IPO has hit bonds across the debt collection sector – and made investors much more cautious. By Euan Hagger

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Manchester pension fund awards Stone Harbor £1 billion multi-credit mandate
A £21 billion UK pension fund has appointed global fixed income specialists Stone Harbor Investment Partners to manage a £1 billion multi-asset credit mandate

Cowen brings together credit and equity for its sales and trading platform
Cowen has announced two senior appointments as part of its effort to align its credit and equity trading platforms

Tetragon shuts down distressed debt fund amid claims of fundraising struggles
Tetragon Financial Group is shuttering one of its subsidiary’s funds amid claims of troubles with fundraising

CLO manager bids farewell to distressed debt specialist in New York
A principal at Octagon Credit Investors has left the firm after four years, but the company is tight-lipped about the circumstances around the move

Weeks after a $550 million close, Silver Point raises $511 million for distressed debt
Greenwich-based Silver Point Capital has raised more than $511 million for a new distressed debt fund, regulatory filings show

TCW hits back at sexual harassment claims involving 'terry bathrobe-wearing' MD
TCW has been accused of unfairly dismissing a managing director in retaliation after she reported sexual harassment – but the firm has denied the allegations, on Tuesday saying she was fired for unspecified “compliance violations”

Apollo forms Italian credit-focused partnership
Apollo Global Management and Italian mid-market advisor Apeiron Management create a strategic partnership focusing on Italian corporate credit opportunities

Southpaw weighs in at $3 billion through distressed debt strategy
Distressed debt specialist Southpaw Asset Management has crept over the $3 billion mark for fundraising for its credit opportunities strategy, with the help of $200 million raised over the past 12 months

New Barings vehicle wins $60 million from an Ohio pension fund
SERS has committed $60 million to Barings for its third special situation credit fund, according to documentation seen by Creditflux

Former Cion and Medley pair raise $75 million for new energy credit fund
New York-based Energy Impact Partners (EIP) has raised $75 million from one investor for its Energy Impact Credit Fund, according to a US SEC filing

Minnesota pension fund looks to commit $535 million to 'private credit'
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux

Distressed credit chief departs Man Group amid rumoured fund shutdown
Himanshu Gulati has left Man Group after three years at the firm, where he served as head of US distressed credit and special situations

Goldman distressed debt specialist to join HPS in London
London-based Frederick Morris is leaving Goldman Sachs and moving to HPS Investment Partners, Creditflux has learned

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

Hong Kong manager holds initial close for China credit fund at $350 million
Dignari Capital Partners has held an initial close for its second China-focused credit fund at $350 million, Creditflux has learned

Energy PE firm Orion closes second credit opps fund at $816 million
Orion Energy Partners, a private equity firm providing capital solutions to mid-market energy infrastructure businesses, has closed its second credit opportunity fund at $816 million