BlackRock wins €400 million ESG private debt mandate
BlackRock has won a mandate to manage an ESG focused European private debt fund from a Munich-based firm

Two credit managers open offices in Germany
Two asset managers have bolstered their presence in Germany by opening offices in the country

Monroe adds investor relations specialist from DWS
Monroe Capital has hired in its marketing and investor relations team

LBC reaches $808 million final close for fifth private credit fund
LBC Credit Partners has held a $808 million final close on its fifth private credit fund, LBC Credit Partners V - under its $1 billion target, according to Debtwire Funds Data

Los Angeles pension opens search for private credit consultant
The Los Angeles Fire & Police Pension is on the hunt for a private credit investment consultant after recently adopting a 2% allocation

Permira promotes five in credit team to MD including head of structured credit
Permira Debt Managers has promoted five members of its credit team to managing directors 

Credit fundraising: Goldman Sachs direct lending fund takes March figures to $23 bn
Credit funds sprung forward in March as $23 billion was raised alongside $2.6 billion worth of allocations to credit managers. 

Black Diamond structured credit BD head joins impact investment firm
Black Diamond Capital Management's head of structured credit business development has parted ways with the firm after nearly four years, according to market sources. He is set to join start-up impact investment firm Lafayette Square as managing director and head of capital markets

US private credit deals set to increase but flexible terms may not remain, finds Katten
The private credit market is optimistic about deal flow for 2021 but respondents in law firm Katten's survey are mindful that flexible deal terms will not remain forever

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Ucits at a glance: Advent and Algebris lead the pack again
Ucits funds saw the brighter side of February, as 80% of funds achieved a positive return

"Three CLOs issued in 2021 have included triple C baskets of 20%"
Big triple C buckets helped mid market CLO issuers in 2020 and the trend is for even bigger allowances this year

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

Eagle Point diversifies from CLOs as it wins $180 million for BDC lending strategy
A US public pension has earmarked $60 million for Eagle Point's fund and a further $120 million for a separate managed account

MV pairs with Loomis Sayles on open-ended credit fund for UK pensions
Smart Pensions is the cornerstone investor on MV Dual Credit Fund, providing around £100 million to the strategy

DE Shaw amasses $1 billion for stressed and distressed assets
The fund will invest in stressed and distressed assets, financings, and special situations opportunities

Monroe issues first CLO since Bonaccord equity deal
Monroe Capital has priced its first new CLO in nine months, issuing a $455 million middle market transaction named Monroe Capital MML CLO XI

Fidelity launches US direct lending business and hires team head from PNC
Fidelity Investments is launching a direct lending platform and has hired a senior PNC official to lead the new business from Chicago

Los Angeles pension seeks global credit manager for $880 million mandate
Flush with cash? The Los Angeles Water & Power Employees' Retirement Plan has launched a request for proposal for its ‘active extended global credit’ mandate. But only managers with $50 billion under management need apply

Hayfin closes 'over €5 billion' European direct lending strategy amid record deployment
Hayfin held a final close on its latest European direct lending fund, Hayfin Direct Lending Fund III

SocGen arranges low levered CLO for mid market firm
Societe Generale arranged its first new issue CLO of 2021 on Thursday, issuing a $395.5 million transaction managed by Owl Rock Capital Advisors

Connection anchors sterling share class in European private credit fund
Connection Capital says it has raised £3 million (€3.5 million) from its high net worth client base to invest in a manager's direct lending fund 

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

Kartesia amasses €1 billion for inaugural senior direct lending fund
Kartesia has held a €1 billion final close of its inaugural senior debt fund, Kartesia Senior Opportunities I

Cerberus prints second mid market CLO of 2021
Cerberus Loan Management has become only the second manager to price two middle market CLOs in 2021, having teamied up with Wells Fargo to issue the $368.1 million deal named Cerberus XXXII