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Weak opening for markets as BoE makes new intervention and Asia sell-off extends
1 year ago
In the absence of the US market on Monday for the country’s Columbus Day holiday, global markets have extended their bearish direction following US jobs numbers on Friday that point to further hawkishness in the outlook for rate hikes -
KKR reports $115 billion dry powder as it changes public markets business name
1 year ago
KKR reported strong deployment and dry powder figures but fee-related earnings came short of expectations -
Fed hike speculation holds sway over Europe and Asia despite US holiday
1 year ago
Credit markets have opened the week marginally tighter, with Europe and Asia cautious on Monday in the absence of a US trading session, and US Federal Reserve statements likely to drive sentiment in the rest of the week -
Market jitters mount as US delivers May CPI
1 year ago
Credit spreads have moved sharply wider for the fourth day straight as investors digested the European Central Bank’s hawkish turn and watched with trepidation for the US to reveal its May consumer price index numbers -
Ivy climbs to $115 million final close for US direct lending fund
1 year ago
Ivy Asset Group has held a $115 million final close of its US direct lending fund named 2022 Ivy Credit Opportunity Fund -
Asia sets pace for Europe as rally extends in US absence
1 year ago
Credit market investors have resumed their optimistic stance on Monday, buoyed by a weaker US dollar and China reopening its economy after lengthy covid-19 restrictions -
European markets give up some gains after outperforming US
1 year ago
Credit and stocks have improved on Tuesday, as investors attempted a momentum shift, but Europe is already giving up some of its gains after outperforming the US for a brief spell -
First Eagle opts to liquidate listed US loan fund
2 years ago
First Eagle Alternative Credit is in the process of liquidating its publicly listed, closed-ended credit fund, First Eagle Senior Loan Fund -
LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
2 years ago
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates -
Credit fundraising: three massive European direct lending funds notch up €17.6 bn
2 years ago
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date -
LP round-up: $2.6 billion flows into 26 credit managers
3 years ago
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 -
Churchill prepares third mid market debt fund
3 years ago
Churchill Asset Management is on the road fundraising for its third flagship private debt fund and the New York-based direct lender has so far collected $115 million for the vehicle -
LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
3 years ago
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux -
SkyBridge generates best returns since inception with 75% credit exposure
3 years ago
SkyBridge Capital, the fund of hedge funds manager run by ex-White House communications director Anthony Scaramucci, claims its Skybridge G II Fund has generated the best monthly and quarterly returns since inception. It will also cut its 25% tender offer frequency from quarterly to semi-annual -
Standard Board publishes structuring, valuation and conflict memos for credit funds
3 years ago
The Standard Board for Alternative Investments has published three memos as guidance to managers and investors, alongside a framework of questions investors may wish to ask managers when conducting operational due diligence -
US pension approves four-year private credit plan as direct lenders report performance
3 years ago
Santa Barbara County Employees has approved a private credit pacing plan from investment consultant RVK to maintain a commitment schedule of $40 million per year to the asset class until 2024 to achieve its target allocation and diversification -
LSC bankruptcy leaves print marks on CLOs
4 years ago
CLOs hold $84.3 million of the debt of LSC Communications, which filed for Chapter 11 in the Southern District of New York yesterday. -
Structured credit dragged very wide — but CLOs stand to gain
4 years ago
Senior tranches of securitisations widened 220% in less than a month as the coronavirus pandemic has meant an increase in systemic risk — a sharp turnaround from the past few months when idiosyncratic risks were being cited as the main concern for structured credit investors. -
CLO supply set for double-digit drop in 2020, says JP Morgan
4 years ago
US CLO supply in 2020 will be as much as 20% down on 2019, while European issuance will fall 13% year-on-year, predict JP Morgan strategists in a research note. Even so, new CLOs should still outpace existing deal paydowns, as well as high yield primary market net new issuance -
GSO generates $4.5 billion capital for energy-focused credit fund
4 years ago
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close -
Tikehau’s private debt AUM hits €7.5 billion
5 years ago
Tikehau Capital, the Paris-based asset management and investment firm, has reached €7.5 billion in private debt assets under management (AUM) as of September 2018. This represents an increase of 17% for the third quarter, amounting to €1.1 billion -
New York pension fund earmarks $200 million for real estate debt
5 years ago
New York State Teacher’s Retirement System (NYSTRS) has awarded a $200 million commitment to real estate debt provider Raith Capital Partners -
New York pension fund earmarks $200 million to two private debt managers
5 years ago
The $115.5 billion pension fund has made $100 million commitments to two private debt managers in Q2 -
Fundraising proves to be fruitful experience as manager's fund hits $540 million
6 years ago
New York-based Old Orchard Capital Management has raised $540.97 million for its Old Orchard Credit Fund - an increase of around $190 million in just under a year, -
New York pension fund invests $200 million in real estate debt
6 years ago
New York State Teachers Retirement System (NYSTRS) has approved a $200 million commitment to real estate debt, according to board documentation
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