Angelo Gordon hires new global distressed debt head from GSO
New York-based Angelo, Gordon & Co has appointed Ryan Mollett as global head of distressed debt 

Crestline targets up to $500 million for new portfolio financing fund
Credit specialist Crestline Investors is launching a new fund to provide financing solutions to mature private equity funds, according to documents seen by Creditflux

CEO of Blackstone's hedge fund solution platform steps aside
Blackstone has announced that J Tomilson Hill, president and chief executive officer of Blackstone Alternative Asset Management (BAAM), will be transitioning to a new role as chairman of BAAM

US manager looks to build concentrated portfolio with for $400 million fund
As Sound Point Capital prepares for the launch of its Strategic Capital Fund, the New York debt shop has revealed it has over $200 million soft circled out of a total targeted fundraise of $400 million

BTIG bolsters New York credit team with four hires
Global financial services firm BTIG has announced several hires to strengthen its fixed income credit team, with the professionals joining from UBS, Seaport, Jefferies and Stifel

Seasoned credit fund manager rejoins Marathon in New York
A credit specialist has completed a circuit, returning to Marathon Asset Management after nearly 12 years away

Carlyle's head of origination for credit earns promotion to partner
Carlyle Group has announced 58 senior promotions across all its global offices: eight to partner, 19 to managing director and 31 to principal/director

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

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

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

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

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

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.