German manager launches two new private credit fund-of-funds
YIELCO Investments, a German alternative asset manager, is planning a 2024 first close for two newly launched private debt fund-of-funds

Greensledge arranges new private credit CFO
Churchill Asset Management, an investment-specialist affiliate of Nuveen, announced on Monday it had closed its second collateralised fund obligation, or CFO

Carlyle strikes agreement to manage $112m listed fund and shift strategy to CLOs
Vertical Capital Income Fund has struck an agreement for Carlyle Group to take over as investment advisor in a move which will result in the New York Stock Exchange-listed fund shifting focus towards CLO debt and equity investments.

LA pension awards $675 million to illiquid credit managed account
The strategy will invest across asset-backed credit, loans, bonds, and specialty finance

KSL amasses $753 million for fourth travel and leisure credit fund
 KSL Capital Partners Credit Opportunities Fund III had an initial $675 million target and fundraising took ‘less than a year’

Perceptive holds $1.1 billion final close on healthcare direct lending fund
Perceptive Advisors has held a $1.1 billion final close on its its third healthcare-focused direct lending fund, Perceptive Credit Opportunities Fund III

Perceptive nears $1 billion hard cap for healthcare credit fund
Perceptive Advisors is nearing its $1 billion hard cap for its third healthcare-focused direct lending fund, Perceptive Credit Opportunities Fund III

CLOs on lookout as Neiman recovery signals slump and DC confirms credit event
Five-year CDS referencing Neiman Marcus widened by four points to 95.25 points up front, according to IHS Markit, as the Americas Determinations Committee confirmed the US retailer has triggered a bankruptcy credit event

US retailer bankruptcy spells hit for CLOs and CDX HY tranches
US retailer Neiman Marcus's filing for chapter 11 protection opens the prospect of a fourth credit event in the CDX HY index and a sixth for on-the-run HY tranches, as well as a hit for CLOs

Yielco collects €675 million across two private debt fund of fund strategies
The Munich-based firm held a final close on its inaugural private debt fund of funds strategy and has also won a separate prive debt mandate

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

Varagon boosts healthcare expansion with New York hire
The middle market lender continues its efforts in the sector, following the opening of a new healthcare-focused Chicago office

Perceptive sees opportunities in healthcare as it raises $675 million for new fund
The latest fundraising now brings Perceptive’s private credit asset under management to $1 billion

Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate 

New York pension fund earmarks $200 million to two private debt managers
The $115.5 billion pension fund has made $100 million commitments to two private debt managers in Q2 

Antares and Crescent win as Texas pension fund commits to direct lending
The sky is the limit for direct lenders, with Texas County and District Retirement System committing $253 million to that market

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year