Supply chain crisis hits credit amid shift to physical products
Credit investors are bracing for choppy waters as the supply chain crisis makes itself felt on company balance sheets heading into the year end

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

White Oak deploys 80% of new $1.3 billion non-sponsored direct lending fund
White Oak Global Advisors has closed its latest direct lending fund, White Oak Yield Spectrum Fund V, at over $1.3 billion and recieved a further $1 billion for asset-based lending

LP round up: EIF backs four debt funds while Carlyle wins $1 billion
Institutional investors have allocated just over $4 billion to 27 credit managers in October board meetings

Credit Rendezvous: record fiscal stimulus provides pick-me-up
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market

Time on side of direct lenders as private loans give relief against volatility
Some credit fund managers have become myopic in an effort to absorb the impact of the market sell-off, rate changes, shortage of liquidity and the overarching consequences of the coronavirus pandemic. Mid-sized companies might be considered more vulnerable in such circumstances, but direct lenders are spared from any mark to market volatility

Purdue Pharma bankruptcy highlights value of ESG analysis
Purdue Pharma's bankruptcy this week, and the sector wide concern over the US opioid epidemic, has highlighted the utility of environmental, social and governance (ESG) standards in credit analyses

White Oak lands role in California's clean energy financing programme
The California Statewide Communities Development Authority (CSCDA) has named White Oak Global Advisors as the programme administrator for  commercial property-assessed clean energy (Pace) financing

White Oak raises $2.1 billion for US sponsorless direct lending strategy
White Oak Global Advisors has held a final close for its direct lending strategy, White Oak Yield Spectrum Fund, with $2.1 billion of capital commitments 

White Oak buys niche lender FNCC
White Oak Global Advisors has acquired specialist direct lender Federal National Commercial Credit (FNCC), in a bid to “focus on growing its asset-based lending platform”

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

Direct lender makes senior hire to co-lead originations
West coast manager White Oak Global Advisors has hired a new managing director and co-head of originations

Kentucky pension funds invest $150 million in two US managers
Kentucky Retirement Systems has agreed to invest $150 million in private credit assets with two US asset managers, and has hired a new consultant to advise on asset allocation

White Oak leads Permira and HIG in club loan for Getronics
San Francisco-based mid-market credit specialist White Oak Global Advisors has announced that it led a club financing deal for strategic investor Bottega’s acquisition of Amsterdam-based IT Services Provider Getronics

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Texas pension fund hires four managers in $950 million direct lending push
A large US pension fund has awared contracts to four of the most experienced mid-market firms for a direct lending expansion

Pension fund hires two managers for $100 million direct lending push
Middle-market credit managers Crestline Investors and White Oak Global Advisors have each earned $50 million for upcoming credit funds.

Former CIFC mid-market specialist lands at US direct lender
A seasoned mid-market specialist, who previously served time at CIT and Fortress Investment Group, has joined a asset manager which has made a name for itself by focusing on self-originated deals