First Eagle targets $1 billion for direct lending
First Eagle is targeting a $1 billion fundraise for First Eagle Direct Lending Fund V

HIG bolsters European direct lending presence with senior hire in Madrid
HIG Whitehorse has appointed a managing director in the firm's Madrid office

Ex-Highland official launches private credit placement agent firm for niche strategies
The former partner and chief executive officer at global placement agent FirstAvenue Americas, has launched his own placement agent named Briarcliffe Credit Partners

JP Morgan AM seeks direct lending head for 'key strategic initiative'
JP Morgan Asset Management is looking to build out direct lending capabilities within its alternatives business

European direct lender explores possibility of CLO management
A European direct lender is exploring the possibility of establishing a CLO management arm, with the firm looking to hire

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

AlbaCore adds distressed hire among raft of new arrivals
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46

Natixis scores CLO hat-trick with AB, OFS and Cerberus
The CLO primary desk at Natixis went on a $1.2 billion CLO spree on Friday, pricing deals For AB Private Credit Investors, Cerberus Business Finance and Orchard First Source

Manager launches UK direct lending platform with exclusive bank partnership
HSBC Asset Management has launched a UK-focused direct lending platform as part of the firm’s ambition to grow its alternative investments

Adams Street strikes $2bn JV with American Equity to bring private credit to insurers
Adams Street Partners and insurance company American Equity Investment Life have teamed up to co-develop insurer products in US middle market credit

Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

Ares holds first close of junior direct lending fund as it eyes 'dozens more' $1 billion-plus funds
Ares outlined several credit fundraising initiatives in its fourth quarter earnings call - among which were a first close of its latest junior direct lending fund, upping the target for its credit special situations fund by over $1 billion, as well as new product launches including an evergreen alternative credit fund

Bain and Pantheon form $320 million private credit JV to invest in Europe and Australia
Bain Capital Specialty Finance, a publicly traded business development managed by Bain, has formed a joint venture with Pantheon’s private credit business to invest across Europe and Australia

Tikehau launches ESG private debt fund with interest rate ratchets
The European Investment Fund has backed Tikehau's private debt fund, Tikehau Impact Lending, which provides lower interest rates to companies that meet their sustainability goals

Bain preps follow-up to 2015 global direct lending fund
Bain Capital has launched its latest direct lending strategy, Bain Capital Global Direct Lending 2021

‍Saudi Arabia's PIF becomes latest sovereign wealth fund to target direct lending
‍Saudi Arabia’s Public Investment Fund has become the latest sovereign wealth fund to enter the direct lending space, anchoring a Shariah compliant private credit fund managed by NBK Capital Partners

BlackRock scores biggest mid market CLO since 2018
BlackRock has teamed up with Barclays to print a second CLO backed by loans to middle market companies following its buyout of Tennenbaum Capital Partners in 2018

US private credit default rate drops to 3.6% in Q4: Proskauer
US private credit default rates dropped to 3.6% in the fourth quarter, according to law firm Prokskauer’s Private Credit Default Index

Lombard Odier hires Avenue duo for sustainable private credit strategies
Lombard Odier Investment Managers has made two hires from Avenue Capital Group to develop a range of sustainable private credit strategies in the US

Carlyle holds first close on opportunistic credit fund amid 2020 'record fundraising'
Carlyle Group has held an initial closing on its second opportunistic credit fund amid a record credit fundraising year for the firm

Apollo credit assets rocket 50% with anticipated fundraising hike after Black investigation
Apollo Global Management's credit assets rocketed 52% over 2020 to $329 billion - and the firm predicts third-party fundraising to “build significantly” in the first quarter, following the conclusion of Dechert's investigation into chief executive officer Leon Black

Credit manager prices second tech-focused CLO after 2.5-year break
Vista Credit Opportunities has priced its second ever CLO backed by loans to middle market companies in the technology sector

MidCap prints largest CLO transaction for 12 months with $1.2 billion reset
MidCap, the middle market affiliate of Apollo, has priced the largest CLO primary transaction in almost exactly 12 months, printing a reset of its huge $1.2 billion mid market CLO named Woodmont 2017-2

European CLO head becomes latest PM to leave asset manager after announcing retirement
A large European credit manager has had a number of departures across its CLO and direct lending businesses in recent weeks

M&G lays out ESG focus with £5 billion pledge to 'sustainable private assets'
M&G is allocating £5 billion ($6.8 billion) from its £136 billion with-profits fund into businesses using a model which places emphasis on ESG, sustainability and impact investing