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. 

Los Angeles manager hits $2.5 billion hard cap with its second credit fund
A firm, launched in 2013, has raised its second credit fund which is more than double its predecessor fund

New European credit firm hires investor relations head from CQS after strong start
A recently-launched fund manager has hired from CQS after raising roughly €100 million for its debut credit opps fund

New York-based manager's distressed debt fund raised $4.7 billion in Q3
Blackstone's credit arm, GSO Capital Partners, raised $4.7 billion for its distressed flagship fund during third quarter 2017

Bain takes new route to NPL acquisitions as it strikes deal with Liberbank
Bain, Oceanwood and Liberbank are taking part in an unusual NPL deal referencing €602 million of assets

New CarVal distressed credit fund reaches $2.36 billion
Alternatives manager CarVal Investors has raised $2.36 billion for its new vehicle CVI Credit Value Fund IV, according to regulatory filings

Pimco fund edges closer to $5 billion hard cap with new pension fund injection
Pimco's special situations fund, already above $3 billion, has picked up fresh inflows from a Pennsylvania pension fund

HPS wraps up fundraising for specialty loan fund with $4.5 billion of LP capital
New York-based HPS Investment Partners has completed fundraising for its HPS Specialty Loan Fund 2016 - which raised over $4.5 billion of imited partner capital with $6.5 billion of purchasing power, exceeding the initial target of $5 billion

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

Goldman Sachs hires seasoned distressed debt specialist in London
Distressed debt specialist leaves Deutsche Bank after seven years

Fund managers refocus sights on Italy in pursuit of NPL portfolios
Distressed debt specialists are shifting their attentions from one part of southern Europe to another, according to market sources

Asian airline operator approves $30 million ticket for new CarVal credit fund
US credit strategies continue to attract capital from Asian investors with CarVal Investors the latest asset manager to distribute a fund in the continent

FS unveils new closed-end credit fund that can invests in CLOs
FS Investments has launched a new closed-end credit interval fund offering five share classes

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

Phoenix credit funds still flying high with $28 million raised over 12 months
Phoenix Investment Adviser has been hard at work attracting new investors to its credit funds --boosting its credit assets by $28 million, regulatory filings suggest

Californian manager raises $2 billion for opportunistic credit fund
Distressed debt specialist Glendon Capital Management has raised more than $2 billion for a new delayed-draw fund

Californian pension fund to invest $44 million in manager's stressed credit fund
A Californian pension fund has committed to invest up to $43.75 million in an Austin-based manager's stressed credit offering