Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Energy credit head takes on bigger role at GSO in New York
Dwight Scott has been promoted to president of GSO Capital Partners in New York, according to Bloomberg

Carlyle poaches credit specialist from HPS in New York
Carlyle Group is continuing to pump resources into credit with the firm announcing that it has hired a head of credit opportunities based in New York

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

JP Morgan Asset Management hires distressed credit trading duo
Two JP Morgan distressed credit specialists who left a year ago for a rumoured move to the buy side have turned up on the buy side – back at JP Morgan

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

Avenue loses another key European credit portfolio manager
An experienced credit PM has left Avenue to join a $2.3 billion fund manager in a new role

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

BTIG raids rivals for high yield and distressed talent in New York
BTIG has added three more professionals to its team – taking its tally to 17 hires in fixed income since the start of the year

Head of illiquid European credit set to leave Apollo
Sources say that a high-profile figure within Apollo's credit business is leaving the firm

Distressed specialist parts company with Oak Hill
Market sources say that a distressed debt specialist has left Oak Hill Advisors in London just months after the firm held the final close on a new $2.7 billion fund

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

Popular shortlists Apollo, Oaktree, BAML and Bain for rapid NPL sale
Spain’s Banco Popular is in talks with Apollo, Oaktree, Bank of America Merrill Lynch and Bain Capital about selling a portfolio of non-performing loans, according to Spanish newspaper Expansión

BNP Paribas moves quickly to restaff London high yield trading business
BNP Paribas has moved quickly to restaff its European high yield trading desk, making two new senior hires for the business last week

Highland shelves plans for format switch as interval funds gather pace
Instead of converting a mutual fund into an interval fund, Highland is looking to launch an interval fund - viewed as a investor-friendly alternative to BDCs - from scratch 

Pre-insolvency restructuring: Judgment day beckons for UK schemes
Competition is heating up as brexit threatens the UK's dominance of pre-insolvency restructurings

Black Diamond credit hedge fund joins Creditflux listings
Black Diamond Credit Strategies Master Fund is the latest addition to Creditflux’s growing hedge fund listings

New York judge quashes hedge fund's lawsuit against Muirfield
A hedge fund manager has had its lawsuit against one of its investors, Muirfield Capital Management, dismissed by a supreme court judge in New York

Bain makes double hire to its London office
Bain Capital Credit has raided two hedge fund managers for loans and distressed debt talent

Senior distressed specialist leaves GSO after fund closure
Shortly after shutting down its distressed debt fund, GSO Capital Partners is understood to have parted company with a senior managing director and key figure in its distressed business

Points up front: The Creditflux-Oscar awards double
Mike Damaso adds an Oscar to his collection of Creditflux manager awards trophies

US fashion stores: queueing up to exchange old debt
Fashionably loose covenants are allowing under-pressure retailers to turn expensive unsecured debt into senior notes