Empty rooms test CRE CLOs linked to lodging
After a banner year for CRE CLOs, the asset class seems uniquely exposed to the coronavirus — particularly for loan collateral tied to lodging, according to research from Kroll Bond Rating Agency.

Credit funds at a glance

A round-up of fundraising and people moves in credit

Ucits at a glance: Long-short approach lifts Pictet to the top

Fund perfomance: Slowdown for some as pandemic takes hold

Axa IM brings together real assets and structured finance in reorganisation
Axa Investment Managers is set to split its platform in two with an 'alternatives' business and a 'core' division  

Dispersion tests hedge fund managers

Real assets are now the top picks in private credit
Direct lending is no longer the darling of the private credit market, with pension funds increasingly making space for credit strategies backed by real assets.

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

Fund performance: CLO funds pick up where they left off
A round-up of fund performance

Ucits at a glance: Ucits start year on high note
A round-up of ucits fund performance

San Francisco pension earmarks $200 million for mortgage fund
San Francisco City and County Employees’ Retirement System (SFERS) has committed $200 million to a credit fund managed by Cerberus Capital Management  

Italian pension fund seeks greater exposure to private debt
BNL, the pension fund of the investment manager BNP Paribas Italia, has launched a request for proposals (RFP), looking to commit €20 million to private debt closed-end funds.  

New York pension fund puts emphasis on sustainability with $800m credit allocation
The New York State Common Retirement Fund (CRF) has put $800 million into credit with a strong sustainability focus, hiring Avenue, Calvert and Nuveen

Eurizon launches real assets division
Italian asset manager Eurizon has launched a new organisation, specialising in alternatives investments that have a focus on the real economy, including private debt.  

KKR closes $1.3 billion global impact fund
KKR has made a final close of its KKR Global Impact Fund SCSp at $1.3 billion  

Mercer puts private debt at heart of $2.7 billion fund of fund
Mercer has held a final close at $2.7 billion for a private markets fund that offers investors access to private debt and sustainable products  

Whitehelm holds €500 million first close on infrastructure debt strategy
Whitehelm Capital has held a €500 million first close on its infrastructure debt strategy, according to an announcement. Creditflux's sister publication Inframation reports that this is split between Whitehelm Capital Infrastructure Debt Partners I and managed accounts

Californian pension opens search for consultant
Sacramento County Employees Retirement Scheme has launched a request for proposals from consultants to advise on what it has dubbed its 'alternatives portfolio'

Credit Rendezvous: the outlook in 2020 across a dozen segments of the credit market
Welcome to the Credit Rendezvous, the first instalment of a regular feature published by Creditflux that tracks credit market dynamics in a dozen segments from investment grade, liquid loans, CLOs and CSOs all the way through to distressed debt. We view this as the meeting point for credit specialists across strategies to share their perspectives

US CRE CLO growth spurt encourages Europeans
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.

Fund performance: Presents under the tree as CLO funds perform

Ucits at a glance: Ucits end strong year on a high

Credit funds at a glance

Investors preferred real asset debt to corporate private debt in 2019, finds Bfinance
Bfinance stated that, in dollar terms, real asset debt searches conducted by investors outweighed corporate private debt searches in 2019

DC pension set to invest in private debt assets
Universities Superannuation Scheme (USS), a UK based pension scheme, is set to enable the members of its defined contribution (DC) section to get exposure to private markets assets, including private debt, from February