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Angelo Gordon wins third opportunistic credit mandate with US pension
3 years ago
The familiar tale of investors favouring existing relationships shows as Angelo Gordon recieved $25 million for an opportunistic credit fund from a pension with two existing commitments to the New York-based manager -
Carlyle defers $4 million CLO sub fees after loan downgrades
3 years ago
Carlyle Group deferred $4 million CLO subordinated fees in the first quarter, as a result of rating downgrades across the industry, the firm's quarterly earnings call revealed -
KKR deploys 10% of $2 billion coronavirus dislocation credit fund
3 years ago
KKR Credit has plans to launch a $2 billion dislocated corporate and asset backed credit fund to take advantage of coronavirus-induced volatility. And the New York-based manager has wasted no time swooping on opportunities after deploying $212 million by 9 April -
Deerpath outlines $1 billion target for lower mid-market direct lending fund
3 years ago
Deerpath Capital has outlined an ambitious $1 billion target size on its lower middle market direct lending fund, according to market sources. The manager expects a final close of the fund in Q3 -
Fidelity and Loomis Sayles win IG and securitised credit mandates
3 years ago
Fidelity Institutional Asset Management and Loomis Sayles have beat out the competition to manage Employees System of Rhode Island’s investment grade corporate credit and securitised credit plans -
CVC raises $657 million for US direct lending fund
4 years ago
CVC Credit Partners has raised $657 million for its US direct lending fund, CVC Credit Partners US Direct Lending Fund II, exceeding its original $500 million target size -
New Mexico pension allocates $235 million to credit
4 years ago
New Mexico Educational Retirement Board has allocated $235 million to three credit managers, a spokesperson for the pension has confirmed -
Arbour Lane collects $1.2 billion for special situations fund
4 years ago
Arbour Lane Capital Partners has hauled in $1.2 billion on a final close of its opportunistic credit and special situation fund, Arbour Lane Credit Opportunity Fund II, exceeding its $750 million initial target size -
Fair Oaks issues shares to buy more CLO debt after 50% equity tranche hit
4 years ago
Fair Oaks Capital has issued new shares on its CLO fund at a premium to its net asset value to capitalise on CLO debt, which it says “offers attractive risk-adjusted returns over the medium term” -
CSAM holds second close on drawdown CLO fund
4 years ago
Credit Suisse Asset Management is set to hold a second close on a CLO fund it launched late last year. -
BlueTorch's Genda details direct lending flows and pricing as he ramps up new fund
4 years ago
BlueTorch Capital has witnessed a 20% pickup in dealflow since covid-19 but, while the company's portfolio has avoided retailers, airlines and hotels, it has not gone unscathed, said chief executive officer Kevin Genda -
US pension gains 6.5% in three days after putting $350 million into credit
4 years ago
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates -
Global direct lending fundraising plummets in Q1
4 years ago
Global direct lending fundraising figures plummeted in the first quarter as coronavirus-related volatility kicked in. Managers raised just $9.4 billion raised across 11 funds compared to $18.6 billion across 15 in Q1 2019, according to Creditflux's fund database -
Aero lands $414 million final close on aircraft leasing fund
4 years ago
Aero Capital Solutions has collected $414 million for its second mid-life aircraft leasing fund, holding a final close for the fund on 6 March -
Virginia pension allocates $850 million to credit in Q1
4 years ago
Virginia Retirement System has allocated $850 million to three credit strategies in the first quarter of the year, according to an update at its 15 April investment committee meeting -
Neuberger Berman eyes $500 million fundraise for CLO opportunity fund
4 years ago
Neuberger Berman has become the latest manager to launch a CLO opportunity fund with the New York-headquartered manager looking to raise $500 million for the vehicle -
Tennessee pension awards $125 million to special situations credit fund
4 years ago
Tennessee Consolidated Retirement System has awarded $125 million to a special situations credit fund -
General Atlantic teams up with Tripp Smith for $5 billion distressed debt fund
4 years ago
Private equity firm General Atlantic has partnered with GSO founder Tripp Smith to launch a $5 billion distressed debt fund to provide financing to covid-19 affected companies, according to the Wall Street Journal -
Bardin Hill pulls in $300 million for first close of opportunistic credit fund
4 years ago
Bardin Hill has held a first close on an opportunistic credit fund at around $300 million, according to sources familiar with the matter -
Axiom bets on 2002-style credit recovery with crossover fund launch
4 years ago
Axiom Alternative Investments is readying to launch a fund aimed at generating returns from the dislocation and revival of European and US credit as the coronavirus pandemic develops -
Former JP Morgan credit prop trader relaunches credit hedge fund
4 years ago
Palm Lane Partners is relaunching – two years after the credit hedge fund manager looked to spin out of JP Morgan Asset Management -
Texas pension allocates $100 million to Apollo credit hedge fund
4 years ago
Employees’ Retirement System of Texas has allocated $100 million to open-ended long-short credit fund, according to its March update -
US pension earmarks $35 million for mezzanine debt fund
4 years ago
Arkansas Teachers Retirement System has earmarked $35 million to a mezzanine debt and equity strategy managed by Greyrock Capital Group -
Golub becomes second BDC to undertake rights offering this week
4 years ago
Golub Capital has become the second business development company to undertake a rights offering this week, following in the footsteps of Bain Capital, as BDCs seek capital to ride out challenges besetting the market from the coronavirus pandemic -
You wait 12 years for loan dislocation and $1 trillion comes along all at once
4 years ago
The waiting is over — distressed debt managers have the best entry point in about a dozen years as the S&P/LSTA Leveraged Loan Index plunged to 80 in just two weeks.
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