Advantages of non-sponsored direct lending recognised as pensions increase allocations
Non-sponsored direct lending is on the rise despite its inherent challenges, with pension systems upping allocations to funds dedicated to non-sponsored private credit.

Arrangers optimistic on prospects for CLO-like recurring revenue deals
Recurring revenue (RR) securitisations, one of the more obscure corners of the ABS market, are seeing a surge of interest, according to market sources, with at least three deals in the pipeline.

APAC investors target private credit opportunities in Australia after quitting China
While Asia continues to play catch-up in global private credit, Australia and New Zealand are leading the charge in Asia Pacific — for both lenders and borrowers.

Equity piles up in European direct lending portfolios after debt swaps
European debt funds have fully or partially equitised at least 61 loans provided to companies backed by some of the biggest names in private equity since 2018, analysis by Debtwire shows.

Moody’s helps European private credit CLOs move step closer to reality
Talk is again swirling in the European CLO market that this will be the year a middle market deal is priced. Many market participants remain sceptical given the long history of disappointments in this area, but concrete steps are being made, especially by the rating agencies.

Credit hedge funds
Credit hedge funds

Credit funds at a glance
Credit funds at a glance

Nomura-backed Corinthia lifts private credit team from Barings
More than 20 members of the global private credit team at Barings have jumped ship and joined Corinthia Global Management, a new platform backed by Nomura Holdings

BMO returns with first US middle market CLO since 2021
BMO Asset Management late last week priced Great Lakes CLO VII, a USD 404.87m middle market CLO

Goldentree closes on USD 1.4bn private credit fund
GoldenTree Asset Management announced the closing of its Private Credit Fund today, with secured commitments of USD 1.35bn

Direct lender and CLO manager expands into Japan
The US private credit and direct lending specialist has opened its first Japanese office, and hired a new senior VP to oversee the office

Vermont pension system commits USD 125m to private credit
The Vermont Pension Investment Commission recently approved two separate allocations to private credit, totaling USD 125m

Manulife holds final close for USD 752m private credit fund
Toronto-headquartered Manulife Investment Management held the final close of its Manulife Capital Partners VII at USD 752m

Ninety One launches infrastructure credit fund aimed at South African market
Asset manager Ninety One has launched the Ninety One SA Infrastructure Credit Fund, focused on the South African market

Sidley hires Paul Hastings' partner
Sidley Austin has added a new partner in the law firm's global finance practice, representing direct lenders, private credit funds and banks

Värde Partners promotes two to partner
Värde Partners has made two senior-level promotions, including a new global head of business development and investor relations and a new chief operating officer

Hamilton Lane closes eighth vintage of flagship private credit fund
Hamilton Lane revealed the final close of its Hamilton Lane Strategic Opportunities Fund VIII today, a private credit strategy that invests across the capital structure

Carlyle's head of direct lending departs
Carlyle's Head of Direct Lending has left the firm to pursue other opportunities, according to a company memo

Funds round-up: Feb-2024 - managers turn to European wealth
European private credit managers turn to the wealthy in our roundup of notable fundraising in February 2024. 

Brevet Capital names new chief commercial officer
Boutique financial advisor Brevet Capital has promoted Mei-Li da Silva Vint to chief commercial officer

Maryland pension system allocates USD 30m to private credit
The Baltimore City Employees' Retirement System has approved two commitments totaling USD 30m for private credit funds

Tikehau teams up with Singapore-based UOB-Kay Hian for Asian private credit fund
Paris-headquartered Tikehau Capital is the latest player to reveal plans to strengthen its footprint in the fast-growing Asian private credit market by way of a partnership with Singapore-based brokerage firm UOB-Kay Hian

New Mexico sovereign wealth fund approves another USD 350m for private credit
Santa Fe-based fund invests in two managers as it focuses more heavily on direct lending, asset-based lending and special situations

Goldman Sachs and Mubadala strike USD 1bn private credit partnership
Goldman Sachs and Abu Dhabi-based sovereign wealth fund Mubadala Investment Company have struck a USD 1bn deal to co-invest in private credit opportunities throughout the APAC region