CLO manager bids farewell to distressed debt specialist in New York
A principal at Octagon Credit Investors has left the firm after four years, but the company is tight-lipped about the circumstances around the move

Weeks after a $550 million close, Silver Point raises $511 million for distressed debt
Greenwich-based Silver Point Capital has raised more than $511 million for a new distressed debt fund, regulatory filings show

TCW hits back at sexual harassment claims involving 'terry bathrobe-wearing' MD
TCW has been accused of unfairly dismissing a managing director in retaliation after she reported sexual harassment – but the firm has denied the allegations, on Tuesday saying she was fired for unspecified “compliance violations”

Apollo forms Italian credit-focused partnership
Apollo Global Management and Italian mid-market advisor Apeiron Management create a strategic partnership focusing on Italian corporate credit opportunities

Southpaw weighs in at $3 billion through distressed debt strategy
Distressed debt specialist Southpaw Asset Management has crept over the $3 billion mark for fundraising for its credit opportunities strategy, with the help of $200 million raised over the past 12 months

New Barings vehicle wins $60 million from an Ohio pension fund
SERS has committed $60 million to Barings for its third special situation credit fund, according to documentation seen by Creditflux

Former Cion and Medley pair raise $75 million for new energy credit fund
New York-based Energy Impact Partners (EIP) has raised $75 million from one investor for its Energy Impact Credit Fund, according to a US SEC filing

Minnesota pension fund looks to commit $535 million to 'private credit'
Minnesota State Board of Investments has recommended investments worth $535 million to private credit, according to board documentation seen by Creditflux

Distressed credit chief departs Man Group amid rumoured fund shutdown
Himanshu Gulati has left Man Group after three years at the firm, where he served as head of US distressed credit and special situations

Goldman distressed debt specialist to join HPS in London
London-based Frederick Morris is leaving Goldman Sachs and moving to HPS Investment Partners, Creditflux has learned

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

Hong Kong manager holds initial close for China credit fund at $350 million
Dignari Capital Partners has held an initial close for its second China-focused credit fund at $350 million, Creditflux has learned

Energy PE firm Orion closes second credit opps fund at $816 million
Orion Energy Partners, a private equity firm providing capital solutions to mid-market energy infrastructure businesses, has closed its second credit opportunity fund at $816 million

Texas pension fund commits $100 million to distressed debt fund
Texas County and District Retirement System has committed $100 million to a Connecticut-based fund manager

Lazard announces 2017 earnings and considers C Corporation structure
Bermuda-headquartered Lazard is considering a ‘C Corporation’ structure, under which the corporation would be taxed separately from its owners

Makuria brings in over $900 million for special situations-focused credit fund
London-based Makuria Investment Management has received $918 million in capital commitment for its credit fund, according to market sources

Texas pension fund re-ups commitment to opportunistic credit fund
Texas County & District Retirement System has further allocated $50 million to Beach Point Capital Management, according to documents seen by Creditflux

Blackstone's credit AUM up 48% YoY as firm announces "exceptional" results
The firm's credit business enjoyed composite gross returns of 11.2% for performing credit and 7.7% for distressed strategies in 2017

Ironshield guards against future stress in Europe
The withdrawal of quantitative easing in Europe, coupled with rising interest rates, could lead to increased volatility and improved credit selection opportunities, especially among low-grade credits

Texas manager hires Lone Star’s Stahl as MD for distressed credit
Texas-based real estate private equity firm Pennybacker Capital has appointed a new managing director of distressed credit and special situations

Brigade co-founder to leave the firm
Brigade Capital Management's co-founder Pat Kelly is leaving the firm, according to market sources

Highland expands institutional business team with two new hires
Dallas-headquartered Highland Capital Management today announced the hire of two institutional business development professionals, who have joined in anticipation of increased opportunities in distressed credit

Caryle's debut credit opportunities fund nets more than $1 billion
Carlyle Group has held a first close for its first credit opportunities fund at more than $1 billion, according to media reports – not bad for a vehicle formed last year

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