First European SME CLO 2.0 edges closer after warehouse tweaks
Be-Spoke Capital’s European SME CLO is nearing the finishing line, with sources indicating NatWest Markets aims to price the deal, Alhambra SME Funding 2018-1, in early December. The development comes after the CLO exceeded the warehouse’s 12-month ramp-up period

Muzinich's Italian arm launches novel direct lending fund
Sources say that Muzinich will build a truly diverse loan portfolio for its Italian direct lending fund

MV Credit raises €803 million for credit fund following Natixis acquisition
MV Credit, formerly known as Mezzvest, has held a final close for its fourth private credit fund with €803 million capital commitments

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

Ares ups its target for US senior direct lending growth to $4.7 billion
Following $5 billion of inflows into global direct lending in the third quarter, Ares has upped the target for its US direct lending strategy 

PE firm hires direct lending specialist from GSO
Private equity firm AE Industrial Partners has appointed an experienced structured credit official as it looks to expand its structured credit offerings

Fixed income heads join forces to launch macro credit fund manager in London
Resco Asset Management, a new asset manager based in London, has launched and set about marketing its debut fund: Resco Macro Credit Fund

New Mexico allocates $175 million to credit
New Mexico State Investment Council has awarded a $75 million commitment to real estate debt and $100 million commitment to a multi-credit fund

Allianz GI boosts alternatives platform with new Asian private credit unit
Allianz Global Investors has launched an Asian private credit unit and has made two hires to spearhead the effort,

Triton draws $167 million of inflows for European opportunistic debt fund
Triton Partners has raised at least $167 million for its second debt fund, Triton Debt Opportunities Fund II

BNP Paribas' fund of fund platform holds first close on European mid-market strategy
BNP Paribas Asset Management's fund of fund business is targeting €250 million for a strategy which will allocate to "top tier" European mid market debt managers 

REYL bolsters structured finance group with managing director hire
REYL, the Swiss bank, has strengthened its structured finance group by hiring a managing director in the corporate advisory and structuring team

Orange County pension fund commits to Monroe direct lending strategy
Orange County Employees Retirement System (OCERS), has committed $75 million to Monroe Capital Private Credit Fund III, but it's also reducing its overall allocation to credit    

BC Partners lists new North American direct lending business
BC Credit Partners has listed US direct lending business Mount Logan Capital on Canada's NEO Stock Exchange. 

Callidus names former Apollo and Fifth Street official Dalton as interim CEO
The Toronto-based firm has named Patrick Dalton as interim chief executive officer, following the medical leave of absence taken by its current CEO

Pimco generates listed opportunistic energy credit fund
Pimco is eyeing the energy sector for a new opportunistic credit fund, according to US regulatory filings.

Tikehau pairs with Groupama for French and European SME debt fund
The new vehicle is anchored by European Investment Fund 

PineBridge builds US private credit fund
PineBridge Investments has registered a new private credit fund - PineBridge Private Credit, according to US regulatory filings

Franklin Templeton acquires Benefit Street
Franklin Templeton Investments has acquired $26 billion credit fund manager Benefit Street Partners

US pension commits $100 million to Apollo's hybrid private credit/private equity fund
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management

New Mexico pension fund supplies $100 million to private energy credit
A new energy credit fund will primarily underwrite direct loans to small and middle market conventional energy companies

Balance Point weighs in with $380 million for latest credit fund
Balance Point Capital has held a final close for its credit fund with $380 million capital commitments, exceeding its initial $300 million target.

Blackstone grows credit assets by 31% over year
The firm achieved strong fundraising in credit, taking credit-related assets under managment to $130.6 billion in the third quarter, a 31% increase year-on-year 

Ellington teams up with Princeton to launch opportunistic credit interval fund
Ellington Management has teamed up with Princeton Fund Advisors to launch an opportunistic credit interval fund

KSL holds $671 million close for second travel and leisure credit fund
KSL Capital Partners has held a final close for its second credit fund with $671 million in capital commitments