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

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

Nassau adds $3.6 billion credit firm Angel Island to its platform
Under the deal, Angel Island will become a subsidiary of Nassau’s asset management unit, Nassau Asset Management

Buy-out rumours send US high yield company back to January spread levels
Not many single name credits are ending 2022 at the same spread levels they entered the year, but one US high yield company has that profile after its rally of the past three weeks picked up speed following buy-out rumours

Private debt team spins off Trea to form independent manager
The private debt team has spun-off and will be rebranded Zenon Asset Management

Medalist and Semper form partnership to jointly invest in structured credit
Medalist Partners and Semper Capital Management have joined forces in a partnership which results in the pair co-investing in structured credit.

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Aristotle boosts credit business with Pacific AM acquisition
Pacific Life Insurance Company has agreed to sell its credit asset manager – Pacific Asset Management – to Aristotle Capital Management

Nuveen strikes deal to buy European direct lender Arcmont
Nuveen has reached an agreement to buy a controlling stake in European credit manager Arcmont Asset Management

Apollo and Pimco buy ‘significant portion’ of Credit Suisse's securitised products group
The move has prompted a rally for Credit Suisse, which on Thursday unveiled a strategic review “designed to reduce risk-weighted assets and leverage exposure”

Iron Park finds new parent just 10 months on from Hunter Point investment
General Atlantic says it has agreed to buy credit manager Iron Park Capital Partners with a view to rebranding it as General Atlantic Credit

Credit managers form partnerships as they eye growth
Two credit managers have struck new relationships

AnaCap's credit team spins out to form Veld
Veld, Veld, Veld. If it isn't AnaCap's former credit business

Sun Life buys 51% stake in US retail distribution specialist
The firm will have exclusive rights to market and promote SLC's alternative products to the US retail market. SLC Management includes Crescent Capital Group,  BentallGreenOak and InfraRed Capital Partners

MetLife set to buy impact bond specialist AIM
MetLife Investment Management has struck a deal to buy fixed income ESG specialist Affirmative Investment Management

Czech mate: Voya IM agrees to buy $5 billion US direct lender
Private markets and alternative capabilities have been a “strategic focus and growth driver” for Voya and the firm says its new direct lending team will “complement our leading fixed income platform and accelerate the expansion of our private and leveraged credit franchise across institutional, insurance and retail channels”

GSAM buys stake in US direct lender
Goldman Sachs Asset Management has taken a stake in $15.1 billion US lower middle-market direct lender 

Leucadia seeds European distressed and credit opps firm Pearlstone
New opportunistic credit firm Pearlstone Alternative has received backing from Leucadia Asset Management in the form of seed capital and distribution services

Franklin Templeton buys Alcentra in $700 million deal
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners

Ares buys mid-market portfolio from direct lender for $2.4 billion
As of 31 December, the portfolio is backed by 28 private equity sponsors and 46 borrowers, with an average $44 million investment size

Oaktree buys majority stake in 17Capital
Oaktree Capital Management has bought a majority stake in net-asset-value financing specialist 17 Capital

Constellation buys into real estate and mid-market corporate specialist
Constellation Capital has bought a passive, minority equity stake in Post Road Group, according to a joint-announcement. The transaction comes shortly after Post Road raised over $300 million for Post Road Special Opportunity Fund II