Washington, Louisiana systems approve large distressed debt commitments
WSIB approves USD 300m for Monarch's latest distressed debt fund; TRSL allots USD 150m to Centerbridge distressed, mezzanine debt funds

Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

Centerbridge launches new distressed debt fund targeting around USD 4bn
EXCLUSIVE: The Washington State Investment Board looks to come back as an investor in Centerbridge’s fifth special situation funds that’s looking to raise USD 4bn 

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

Centerbridge wins $500 million for upcoming distressed credit fund
A large US pension scheme has agreed to put $500 million into Centerbridge's new distressed fund

Large US pension fund allocates to Centerbridge and GSO
A US pension fund has put a total of $125 million into distressed debt and energy credit funds

Calpers joins US pension fund charge towards distressed debt
US pension funds continue to put money to work in distressed debt strategies with California Public Employees' Retirement System among the institutions that are allocating towards new distressed funds

US pension is not alone as it wants more of new Centerbridge fund
Leading distressed debt manager, Centerbridge Partners, is having to fight off huge demand for a new fund