Fishknife: Interval funds are a step in the right direction
They bring their own dangers, but interval funds are a better vehicle for managing illiquid credit than conventional funds

Oaktree finds space for structured credit in new global credit fund
Oaktree Capital Management has shed some light on its eagerly-awaited push into the structured credit market

Neuberger Berman raises $450 million for CMOA
Neuberger Berman says that it has raised $450 million for its risk retention vehicle, Neuberger Berman Loan Advisors

Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years

GSO goes in-house for its latest credit interval fund
GSO is planning a novel onshore fund to invest in loans and CLOs, according to a prospectus recently filed with the SEC

Cerberus outlines CLO-based mid-market financing strategy
Cerberus claims not to be a CLO manager (not in the traditional sense anyway), but the firm is targeting two more mid-market CLOs this year

CVC Credit raises $600 million for global CLO risk retention programme
CVC Credit Partners has announced the final close of its $600 million CLO risk retention vehicle, CVC Credit Partners Global CLO Management. 

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings

PGIM plans CLO senior fund for European investors
PGIM is looking to break new ground in the coming weeks by launching the first Ucits fund to target triple-A CLO securities

Pearl Diver ramps new fund and looks to mezz
Pearl Diver’s AUM has swelled to $1.3 billion as it finishes investing a new fund and looks towards its next vehicle

Ares wins $1.1 billion in global direct lending SMAs in strong start to 2017
Direct lending proved to be Ares Management’s most successful strategy in fundraising terms with the firm registering $1.1 billion of inflows for European and US private debt in the first quarter

Former private bank officials flock to buy side and launch CLO fund
A newly-formed hedge fund manager is looking away from tier one managers as it invests in junior CLOs

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

GSO Capital pools retention vehicles as it debuts MOA
GSO Capital has launched its first globally risk retention compliant CLO, it has emerged

CIFC plans new fund to invest in junior CLO debt and equity
CIFC Asset Management is raising a new fund to invest opportunistically in CLOs, according to market sources

Neuberger Berman fills CMOA coffers
Loan manager raises $148 million for its capitalised majority-owned affiliate