Fifth Street Asset Management explores possible sale, reports WSJ
The Wall Street Journal reports that Fifth Street Asset Management is exploring a possible sale following poor fund performance and management turnover.

Dyal buys minority ownership stake in Sound Point
Dyal Capital has purchased a minority equity stake in credit manager Sound Point Capital Management

Insurer Aflac commits to direct lending partnership with NXT
US insurer Aflac has acquired a minority stake in NXT Capital and handed the middle-market credit manager a $500 million direct lending mandate

Smith Graham acquires residential mortgage team in New York
Smith Graham & Co Investment Advisors has announced the acquisition of Five Mile Capital Partners’ New York-based residential mortgage team

Hildene scoops up management contracts for four trups CDOs
Hildene Capital Management has taken over as manager of four Trapeza CDOs which invest in bank trust preferred securities

Aberdeen and Standard Life agree merger to create asset management giant
Aberdeen Asset Management and Standard Life Investments have agreed a merger to create a combined firm with £660 billion ($805 billion) of assets under management

Paamco and KKR to join forces for fund of hedge funds business
Paamco and KKR Prisma to merge for fund-of-fund business with big credit credentials 

Kuwait's Wafra Capital buys US healthcare lender
Healthcare lender gets snapped up by asset-based and real estate lending giant 

Janus and Henderson join forces to create new global asset manager
Heavyweight asset managers Janus Capital and Henderson have announced that they are merging to form a super-manager known as Janus Henderson Global Investors

Schroders anticipates $1 billion of inflows for new structured credit business
Schroders Investment Management has taken on sub-advisory duties for two closed-end funds run by Brookfield Investment Management as part of its acquisition of the latter’s US structured credit business

Tullett Prebon grabs Creditex’s voice brokerage business
US brokerage agrees to acquire exchanges brokerage business for credit 

AMG buys stake in credit hedge fund manager Capula
Goldman Sachs Asset Management has sold minority equity investments it held in five asset managers through its Petershill I strategy to Affiliated Managers Group

Angel Oak acquires Rainier's high yield fund and portfolio managers
Angel Oak Capital has acquired Rainier Investment Management’s high yield fund and taken on its two portfolio managers, according to an announcement.

Cowen agrees deal to take on brokerage CRT's credit business
Boutique investment bank Cowen Group has acquired the credit platform of rival firm CRT Capital.

Allianz buys London-based fixed income manager Rogge
Allianz Global Investors has announced the acquisition of €34 billion fixed income asset manager Rogge Global Partners

Pension fund takes the chequered flag to buy GE's $12 billion lending unit
Canada Pension Plan Investment Board has announced the acquisition of GE's lending unit Antares Capital for $12 billion.