Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

Searchlight hires former head of opportunistic European credit at Apollo
Apollo Global Management's former head of European opportunistic credit Ralf Ackermann has been hired as partner at private investment firm Searchlight Capital Partners

Massachusetts pension fund awards $275 million to credit managers
Massachusetts Pension Reserves Investment Management Board (PRIM) has mandated up to $275 million to private credit funds, according to board documents seen by Creditflux

Bain swoops for another portfolio in Italy
Bain Capital Credit has acquired yet another portfolio of assets from a European bank

US law firm hires head of distressed debt practice
Chicago-based law firm Katten Muchin Rosenman has hired a new head of its distressed debt and claims trading practice

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

EQT raises €1.3 billion for its latest credit opps fund
EQT has rounded out 2017 with a final close on its private credit fund at €1.3 billion

Maryland pension poised to invest $150 million with Minnesota manager
The Maryland State Retirement and Pension System has committed to invest $150 million with the Castlelake V fund, a market source confirms

Managers line up behind tighter guidelines for drawdown funds
Six months after new guidelines were released over the use of subscription lines of credit for private equity-style funds, the aftershocks have been less dramatic than some credit managers expected

Pre-insolvency arrangements: restructuring schemes set to go Dutch
Brexit-hampered UK courts could lose out as schemes of arrangement are updated in the Netherlands and Singapore

Retail sector ailments could easily turn into pandemic
Credit’s retail malady is infectious and uncontainable as retailers face up to obsolete business models

LeggMason subsidiary's double-fund fixed income liquidation draws to a close
Two funds run by LeggMason subsidiary EnTrustPermal with a fixed income focus are in the process of liquidating – and US SEC filings suggest the process is about to draw to a close

Eyck founding partner moves to London investment manager
A founding partner at Eyck Capital Manager, London-based Luca Moro, has resurfaced at investment manager Numen Capital

BlueBay joins credit interval fund rush
London-based manager could be first to launch interval fund based on mainly non-US credit

Manager edges closer to its $3 billion hard cap on credit fund
A California pension fund has approved a commitment for up to $30 million in a credit and distressed debt fund

Manager raises $120 million for European credit opps fund to launch in Q4
A London-based alternative asset manager is set to launch a credit fund with a specialty finance focus and a target size of $750 milion

Z Capital passes $100 million fundraising mark for credit fund
Z Capital has raised $106 million for its Credit Tactical Fund, according to a market source

Värde announces senior hire from Neuberger Berman
Värde Partners has announced the appointment of Ria Nova as head of its Americas business development and investor relations team

Pennsylvania pension fund to invest $150 million in TPG credit strategy
The Pennsylvania State Employees’ Retirement System has confirmed it will invest $150 million in TSSP Adjacent Opportunities Partners, a business of Fort Worth and San Fracisco-based TPG Sixth Street Partners

Fund of fund specialist raises $60 million for distressed debt
A large Asset manager has put together a new distressed strategy, filings suggest

Off-the-run credits help Wasserstein outperform US high yield
Buying discounted US high yield pays off for Wasserstein, which is the top-performing US high yield fund this year

Los Angeles-based firm hires Napier Park's former head of distressed debt
A west coast manager has drafted in an experienced distressed debt official to its team, which specialises in mid-market opportunities

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

KKR-backed manager raises $165 million for energy credit fund
Houston-based manager secures total commitments of $165 million for its credit-oriented energy fund. 

Los Angeles manager hits $2.5 billion hard cap with its second credit fund
A firm, launched in 2013, has raised its second credit fund which is more than double its predecessor fund