Update: Kayne to split from CLO and credit opps units
Kayne Anderson is set to spin out its CLO business

Sound Point confirms buy-out of CVC's US direct lending business
Sound Point Capital Management has bought CVC’s US direct lending business, the pair have confirmed. The deal will add $1 billion of assets to Sound Point’s $25 billion platform and includes nine investment professionals

Sound Point strikes deal to buy CVC's US direct lending business: WSJ
Sound Point Capital Management has agreed to buy CVC’s $1.5 billion US direct lending arm as part of a push into private credit 

Hamilton Lane forms private markets partnership with Russell
Hamilton Lane will provide insight and input to Russell Investments’ private markets team on portfolio construction, along with investing money

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

Asset management giant emerges as bidder for European CLO businesses
A large asset manager came close to adding European CLOs and direct lending to its product range with the firm emerging as a bidder on two asset management businesses

Asian direct lender spins off from PE house Olympus with Canadian backing
Olympus Capital Asia’s private credit team has become the latest firm to spin out of its parent company and has rebranded to Orion Credit Capital Asia

Onex swoops to buy $3.8 billion private credit manager
Onex has bolstered its private credit capabilities with the acquisition of US private credit manager Falcon Investment Advisors

Candriam and NYL buy stake in European direct lender
Candriam and its affiliate New York Life Investments Alternatives have bought a minority equity stake in a pan-European private debt firm

Dyal and Owl Rock in talks over merger via spac - a year after Dyal buys into direct lender
Dyal Capital Partners and Owl Rock Capital Group (a company in which it has an ownership stake) are in talks to merge courtesy of a spac which is sponsored by an affiliate of HPS (another company which Dyal has a minority equity stake)

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Mount Logan completes mid market CLO acquisition for $3 million
Mount Logan Capital has completed the acquisition of management rights for two middle market CLO contracts from Garrison Capital. The firm disclosed in an announcement it paid $3 million for the transaction which included the two contracts plus ‘certain side letter agreements

EQT completes sale of credit business to Bridgepoint
EQT has completed the sale of its €3.9 billion credit business segment to Bridgepoint

Sun Life Financial buys 51% stake in Crescent
Sun Life Financial has bought a 51% stake in credit manager Crescent Capital Group as part of its push into alternative credit

Alantra buys 49% stake in European direct lender
Alantra has bought a 49% stake in European mezzanine and junior private debt manager Indigo Capital, which it says will consolidate its position in the French sponsorless market and accelerate its growth in Italy and other European geographies 

Eurazeo accelerates timeline to buy remaining 20% of Idinvest shares
Eurazeo has struck an agreement to accelerate its purchase of middle market firm Idinvest Partners before the end of 2020

Canadian direct lender takes on US mid market CLO
Toronto-based Mount Logan Capital is set to acquire portfolio management rights to a middle market CLO issued by Garrison Investment Group named Garrison MML CLO 2019-1. Pending investor approval, Mount Logan would become the first Canada-based firm to manage a US CLO

Sun Life Financial in talks to buy Crescent Capital - report
Canadian insurer Sun Life Financial is said to be in talks to buy credit manager Crescent Capital, according to a report by Bloomberg

Azimut purchases 20% stake in US private credit manager
Azimut Group has purchased a 20% equity stake in a $2.1 billion opportunistic private credit manager

Bain buys former Italian bank to strengthen NPL platform
Bain Capital Credit says it has bought an entity known as Hypo Alpe Adria from the Austrian government to strengthen its Italian non-performing loan business

Mount Logan and Sierra take over management of Resource credit fund
Mount Logan Capital and Sierra Crest Investment Management, an affiliate of BC Partners Advisors, have agreed to take over management of the Resource Credit Income Fund, a US-based $240 million interval fund 

Bridgepoint buys EQT's credit business - report
Bridgepoint is buying the credit business of EQT, according to the Financial Times

Goldman Sachs in talks to buy minority stake in Permira
Goldman Sachs is looking to buy a minority stake in private equity firm Permira

PE firms look to go it alone as credit units reach maturity
Private equity firms are starting to weigh up the merits of housing private debt businesses, with TPG Capital the latest to contemplate splitting with its credit business TPG Sixth Street. It follows EQT Capital, which announced a strategic review in January centred on parting ways with its credit unit.