Cheyne hires ex-BlueBay official to its new loans business in London
Cheyne Capital Management has finalised the formation of its strategic value credit business with Richard Cazenove joining as partner and senior portfolio manager after leaving BlueBay Asset Management earlier this year

HPS expands in distressed debt by taking over Dallas-based Tålamod
HPS Investment Partners has struck a deal to bring on board the investment team from Dallas-based distressed debt specialist Tålamod Asset Management

Goodhart unveils new platform to invest in private debt and equity firms
London-based Goodhart Partners has launched a new platform to focus on strategic minority investments, predominantly in private debt and private equity firms.

Louisiana pension fund to increase exposure to private debt
The $21 billion pension fund plans to add new commitments to its private debt program in a bid to match its 8% target allocation

American Beacon teams up with Apollo for credit interval fund
Regulatory filings reveal that Apollo will allocate assets across four main areas: US corporate credit, global corporate credit, structured credit and real estate credit

Pimco adds two former Tennenbaum officials as portfolio managers
Fixed income specialist Pimco has poached former Tennenbaum Capital Partner officials Geoffrey Jones and Gabriel Goldstein

EQT adds director to credit opportunities team
EQT Credit has made a hire from Santander in London

Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate 

Four private credit managers score as Arizona pension fund commits $250 million
The $9.78 billion pension fund has mandated nearly $250 million to four private credit managers, alongside additional commitments for co-investment opportunities 

Louisiana pension fund assigns $200 million to DoubleLine and GoldenTree
Louisiana State Employees' Retirement System has allocated to distressed debt and mortgage credit funds run by two experienced asset managers

Distressed debt outperforms as Texas pension fund's credit strategies gain 11.2%
Texas County and District Retirement System (TCDRS), the $30 billion pension fund, generated 11.2% annualised returns from its credit portfolio for the year ending 30 June. Distressed debt was a major positive, but IG credit lost value

Californian pension fund moves $35 million into distressed debt
Sacramento County Employees' Retirement System has made a $35 million commitment to a distressed fund TPG Sixth Street Partners 

Värde picks up $250 million for Asia credit fund in just four months
Värde Partners has gained $250 million total sales in just four months for its Asia-focused credit fund, US regulatory filings show

US pension fund's credit performance stumbles with 2.3% 12-month return
Maryland State and Retirement & Pension System, the $51.9 billion public pension fund, generated 2.31% returns from its credit portfolio for the fiscal year to June 30, down from 10% the year before

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

Californian pension fund assigns $25 million to Monroe direct lending strategy
As part of its private credit pacing plan, the $5.4 billion pension fund will make a $75 million commitment to direct lending funds each year for the next three years

Newly launched Kyma appoints two senior investment analysts
Kyma Capital, co-founded by former GSO Capital Partners executive Akshay Shah earlier this year, has added two investment analysts in London

GSO managing director set to join Platinum to build new credit unit
Platinum Equity has appointed Michael Fabiano to build out a new credit unit to complement the firm’s existing equity platform. He will join in January 2019 and will be based in New York

Tor more than doubles AUM for Asia credit fund, filings suggest
Hong Kong-headquartered Tor Investment Management has raised nearly $1 billion for its Tor Asia Credit Fund

BlueBay aims to capitalise on volatility with diversified alternative credit fund
The new Icav QIAIF will invest in a range of sub-strategies including global credit alpha, global long/short, event driven credit and emerging market credit alpha

Texas pension fund earmarks $650 million to four private debt funds
Angelo Gordon, HIG Whitehorse and Värde have secured commitments from the Texas pension fund for their direct lending funds

Värde partners with Barclays and Guber to acquire €1.4 billion Italian NPL portfolio
Global alternative asset manager Värde Partners has partnered with Barclays investment bank and Guber Banca to acquire a €1.4 billion portfolio of Italian non-performing loans

Pacific Current acquires stake in Chicago-based private debt manager
Sydney-headquartered Pacific Current Group has acquired a 24.9% stake in Chicago-based Victory Park Capital

Värde appoints business development and investor relations head in London
Global alternative investment firm Värde Partners has appointed Shannon Gallagher as head of business development and investor relations for EMEA

LCM Partners acquires €300 million Spanish NPL portfolio
European alternative investment manager LCM Partners has acquired €300 million of Spanish non-performing SME loans from Barcelona-based Grupo Cooperativo Cajamar