Nomura restructures credit asset management in the Americas
Nomura Group has launched a new brand for its credit asset management capabilities in the Americas, integrating Nomura Group's public and private credit offerings

New report finds 2023 a record year for alternative credit M&A
A new report on “Acquisitions of Alternative Credit Managers” by credit specialist Gapstow forecasts that more M&A activity lies ahead for credit firms as they struggle with the challenges facing the broader investment management industry

AEW Europe completes deal to buy private debt manager Natixis
AEW Europe has finalized a deal to buy private debt platform Natixis Investment Managers International for an undisclosed amount, as the European real estate investment manager continues to expand its global direct lending footprint

Impax Asset Management scoops up Danish boutique manager
Impax Asset Management, an asset manager that invests in the transition to a more sustainable economy, has agreed to buy a boutique Danish business

Manulife Investment agrees deal to buy CQS
Manulife Investment Management, the global wealth and asset management portion of Manulife Financial Corporation, has agreed to buy London-based alternative credit manager CQS, including the CQS credit platform and CQS brand

Aquarian buys minority stake in Obra
Obra Capital revealed in Monday that it had sold a minority equity ownership stake to Aquarian Holdings

Allen & Overy and Shearman & Sterling partners affirm merger
The partnership will help both firms expand internationally while changing the legal landscape

Obra completes acquisition of KDP assets following bankruptcy filing
Obra Capital has acquired the assets of KDP Investment Advisors following the latter firm's chapter 11 bankruptcy filing in May of this year

Vertical Capital Income fund changes name as Carlyle takes over and shifts focus to CLOs
Vertical Capital Income Fund is set to rebrand as Carlyle Credit Income Fund after a transaction appointing Carlyle Group as the fund's investment manager and shift the fund's investment mandate to CLOs closed on Friday

Generali Investment acquires Conning
Generali Investment's acquisition of Conning Holdings will allow both firms to scale across geographies and investment capabilities.

Monroe Capital completes latest acquisition
Monroe Capital acquires venture debt lending firm for undisclosed amount. 

Man Group moves into US private credit with new acquisition
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023.

TPG buys Angelo Gordon for $2.7 billion
TPG has entered into an agreement to buy Angelo Gordon in a cash and equity deal valued at around $2.7 billion, the firm has announced

TPG in talks to buy Angelo Gordon: Bloomberg
The deal marks the private equity firm’s first foray into credit since parting ways with its credit arm Sixth Street in 2020

PGIM buys majority stake in direct lender Deerpath
PGIM has bought a majority interest in direct lending firm Deerpath Capital Management

WhiteStar absorbs yet more CLO contracts
WhiteStar Asset Management has underlined its status as one of the leading acquirers of CLO platforms in recent times

Aegon agrees to buy NIBC's CLO platform
Aegon Asset Management has agreed to buy NIBC’s North Westerly European CLO platform, which includes three deals alongside the NIBC CLO team

Sound Point/Assured CLO overlap to increase but no credit concern, says Fitch
 The firm's Fitch-rated CLOs had an average 37% portfolio overlap as of April, based on based on obligor count

Sound Point to take on Assured's asset management business in new partnership
Assured Guaranty and Sound Point Capital Management have struck up a partnership, according to an announcement, which will make Sound Point the fifth largest CLO manager globally.

L Catterton plots credit platform growth with Hunter Point minority stake
Hunter Point Capital has bought a minority stake in L Catterton, with a particular focus on helping grow the firm’s new credit business

First Sentier buys majority stake in credit firm AlbaCore
First Sentier Investors has bought a majority stake in European credit specialist AlbaCore Capital Group, the firms announced today, after identifying alternative credit as a ‘strategically important space’

Barings captures Gryphon to boost structured credit business
Barings has bolstered its global structured credit expertise by buying AUD $2.6 billion ($1.72 billion) Austrialian credit firm Gryphon Capital Partners

Starting Clover: Blackstone completes AIG CLO acquisition with rebrand
Covenant CLO Advisors, the investment manager of AIG’s CLOs, has rebranded to Clover CLO Advisors and is now a Blackstone affiliate

Apollo launches Atlas to shoulder assets from Credit Suisse unit
Apollo Global Management’s acquisition of Credit Suisse’s securitised products group has reached a milestone with the launch of a standalone business known as Atlas SP Partners

FS and Portfolio Advisors join forces to create $73bn asset manager
FS Investments and Portfolio Advisors have announced a merger in a deal which will see Portfolio Advisors become the institutional investment arm of FS