New Jersey firm launches distressed debt and direct lending fund
New Jersey firm Chatham Asset Management has launched a distressed debt and direct lending fund and has raised at least $106.9 million for it so far, according to regulatory filings

Local Pensions Partnership looks to go direct with £1.3 billion credit fund
The Local Pensions Partnership (LPP), which runs the pension schemes of two separate UK local government areas, has announced the launch of a £1.3 billion ($1.7 billion) credit fund

London-based Signal raises €725 million for credit and real estate funds
London-based private asset management firm Signal Capital Partners has raised €725 million with an investment strategy targeting credit and real estate special situations

Austin-based manager announces six hires as part of continued credit push
Austin-based Peak Rock Capital has announced six new hires, including several senior personnel who appeared to have relocated for the opportunity

Insurance-affiliated manager hires from Pemberton for direct lending push
An asset manager with access to insurance company capital has hired the former UK & Ireland head of origination from Pemberton Asset Management

Carlyle taps former Davidson Kempner credit specialist as managing director
Carlyle Group has hired a new managing director on its credit opportunities team

CVC Credit appoints chairman as credit CIO steps down
CVC Credit Partners has today announced that Stephen Hickey will be leaving the firm for personal reasons. Joining the firm will be former JP Morgan leveraged finance head Hamish Buckland

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

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

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

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  

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

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

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

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 

London-based direct lender swoops for RBS distressed specialist
Former special situations group trader joins a fast-growing direct lender as portfolio manager 

Credit hedge fund founder moves to London to join Sandton
Distressed credit manager Sandton has hired a high-profile hedge fund founder who leaves behind Greenwich for London

New York pension fund digs deep for $750 million allocation to credit
A direct lender and a leading distressed debt manager have earned support from the New York State Common Retirement Fund

PM leaves Stone Lion to reunite with former UBS colleagues
A distressed debt specialist has left troubled Stone Lion in order to link up with former colleagues who ran the special situations group at UBS

Babson and BlueBay win support for new credit funds
Two large credit funds have earned support from a US pension fund for distressed debt and direct lending