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

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Muzinich amasses €342 million on third close for European direct lending fund
Muzinich Pan-European II Private Debt Fund is a lower mid-market European direct lending fund

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Muzinich adds ex-CIO of boutique amid raft of credit hires
Muzinich has made five hires to its corporate credit business 

People underestimate the impact they can have with ESG
Muzinich's Kirsten Bode takes our credit quiz

Muzinich reaches €210 million first close for lower mid-market credit fund
Muzinich & Co has held a €210 million first close on a second lower middle market, pan-European private debt fund, Muzinich Pan-European II Private Debt Fund

Onex keeps up recruitment drive as it hires high yield credit head
Onex Credit has made more additions to its team in New York, adding a head of high yield credit and a portfolio manager in opportunistic credit

Direct lenders look to source deal flow through government-backed loans
Direct lenders have been looking to tap into government backed loans as a way of sourcing deals, either via partnering with banks or being an accredited lender

Muzinich subsidiary launches €417 million Italian credit fund
Springrowth, a subsidiary of Muzinich, has held a €417 million final close on an Italian direct lending fund in which Muzinich partners with local banks for origination. The Milan-based firm is also fundraising for a Rescue Financing fund to support companies affected by the coronavirus crisis

Muzinich targets €500 million after first close of senior secured fund
Muzinich has collected €104 million for a first close of its Muzinich European Senior Secured Fund

CIFC beefs up investor relations team in London with two hires
CIFC Asset Management has hired from Muzinich and Murano in a bid to strengthen its European investor relations effort

Credit funds at a glance
A round-up of fundraising and people moves in credit

Muzinich seeks Nordic expansion with hire from Legg Mason
The firm has added a newly created role of head of Nordics to develop the firm’s presence in the region across both institutional and wholesale  private and public credit products

Muzinich targets short-maturity bonds for new global IG credit fund
Muzinich & Co has raised €352 million for an investment grade credit Ucits fund on the back of what it describes as a “response to strong client demand”

Credit funds at a glance

A round-up of fundraising and people moves in credit

Muzinich launches multi-strategy credit fund with Italian wealth manager
Available for retail investors, the fund will invest in syndicated loans, private debt and high yield. It will be structured as a European Long-Term Investment Fund

Muzinich moves into structured credit with hire in Zurich
Muzinich has appointed a former GAM portfolio manager to build out the firm’s structured credit strategies 

Muzinich surpasses target with €706 million pan-European debt fund
Muzinich & Co has held a final close for its Muzinich Pan-European Private Debt Fund at €706.25 million, surpassing its initial €500 million target 

Muzinich poaches Neuberger Berman MD for top fund distribution role
Muzinich has hired a global head of distribution, according to an announcement today, picking up the role previously held by Joshua Hughes, who left for CIFC Asset Management in May

Muzinich aims to take granular portfolio tactic across Europe
Muzinich has put together what it describes as a “direct lending 2.0” strategy, which it anticipates will serve as a solution to the constraints faced by middle market lenders in Europe. The firm launched the Italian version of the strategy in November via its Italian subsidiary Springrowth SGR and is looking to create follow-ups in other European jurisdictions

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

Loan trader reunites with former ECM colleagues at Muzinich
Muzinich & Co has poached European high yield specialist Paul Suter

Hamilton Lane hires business development official in Munich as it seeks DACH expansion
Hamilton Lane has appointed Martina Schliemann as principal and head of business development in the DACH region, in a bid to expand its presence in Germany, Austria and Switzerland.

CDS could help wean credit off the QE intravenous drip
Muzinich's high yield portfolio manager Thomas Samson takes our credit quiz