Illinois pension fund to invest in new NXT and Riverstone credit funds
An Illinois pension fund is set to invest $125 million with NXT Capital and $100 million with Riverstone Credit Partners as it ups its income allocation target by 1%

Palisades raises $26 million for new credit fund
West coast manager Palisades Investment Partners is fundraising for a new credit fund

East coast pension plans investment in Davidson Kempner credit fund
A US state pension scheme is poised to invest up to $50 million in a Davidson Kempner distressed debt fund

Willis Towers Watson blends rare mix of assets for credit fund of funds
New commitments take fund size to $1.8 billion

Former Fortress official joins TPG-backed credit manager
Arbour Lane Capital Management has hired credit specialist Justin Klein from Fortress Investment Group, according to media reports.

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

Davidson Kempner raises $670 million for upcoming distressed debt fund
New York's Davidson Kempner is 67% of the way towards its target, sources say, as it markets its latest distressed debt fund

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

BTIG raids Jefferies again as it continues credit expansion in New York
One of the fastest-growing firms in credit, BTIG, has hired three from Jefferies to continue its expansion in New York

Bain buys Italian loan book to make it 17 NPL portfolio acquisitions
Bain Capital Credit’s European team has now invested over €2.2 billion in non-performing loan portfolio acquisitions since 2011

Monroe moves into special situations credit after hiring from Melody
US middle-market lender Monroe Capital is expanding into special situations credit

Time-saving hedge fund platforms stop opportunities evaporating
Lengthy commitment periods and drawn-out negotiations between institutional investors and fund managers could be a thing of the past thanks to a wave of multi-manager hedge fund platforms

Creditflux parent rebrands as Acuris
Creditflux’s parent company gained a new name last month, with Mergermarket Group relaunching as Acuris

Join the debate: CLO ramp-up failings
“There is one manager out there that has got away with this behaviour for several years. The ‘fight back’ from investors is overdue”

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

Fishknife: Interval funds are a step in the right direction
They bring their own dangers, but interval funds are a better vehicle for managing illiquid credit than conventional funds

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

Cheyne hires former BlueBay official Robertson to lead new credit unit
Cheyne is targeting below investment grade credit and has hired the former global head of leveraged finance at BlueBay to lead a newly-assembled team of three

Credit manager wins $200 million mandate from Texas pension fund
A west coast asset manager will be responsible for a separate account which will invest opportunistically across the credit market

Isda rules that Puerto Rico power company has triggered credit event
Isda’s Americas credit determinations committee ruled on Friday that the Puerto Rico Electric Power Authority (PREPA) has triggered a failure to pay credit event.

New credit fund manager Caius posts 20%-plus returns for 2017
Recently launched credit fund manager Caius Capital has put in spectacular returns so far in 2017, according to investor sources

Macquarie rehires sales specialist for brokerage role in New York
Macquarie Capital has announced that it has rehired loan sales specialist John Florio for its credit business in New York

Southern US public pension fund bumps up allocation to distressed credit
Redwood Capital gains $200 million for distressed credit as $42 billion pension fund steps up allocation to stressed and opportunistic credit

Imperial Capital adds high yield specialists in New York
Imperial Capital has taken on two senior high yield specialists in its New York office, according to an announcement