LBC names new deputy chief investment officer
LBC Credit Partners, a division of CIFC Asset Management, has promoted Homyar Choksi to deputy chief investment officer, as the Philadelphia-headquartered middle market asset manager continues to expand

Alaskan fund allocates USD 75m to private credit fund
The Alaska Permanent Fund recently disclosed new alternative investment commitments, including USD 75m to a private credit fund. 

CIFC prices first middle market CLO
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

MUFG welcomes two senior originators to new US direct lending team
Mitsubishi UFJ Financial Group has made two senior appointments to its new direct lending business

Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners

CIFC pushes into direct lending with LBC acquisition
CIFC Asset Management has agreed to buy middle market direct lender LBC Credit Partners

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

LBC reaches $808 million final close for fifth private credit fund
LBC Credit Partners has held a $808 million final close on its fifth private credit fund, LBC Credit Partners V - under its $1 billion target, according to Debtwire Funds Data

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux

Alaska pension commits $545 million to seven credit funds
Alaska Permanent Fund Corporation has earmarked $545 million to funds across the credit spectrum across Q2, according to 27 February board documentation

LBC hires former GE official as managing director in Chicago
LBC has made a senior hire to its direct lending business and has also promoted one of its managing directors to partner

Middle-market lender LBC promotes seven
Middle-market direct lender LBC Credit Partners has announced the promotions of seven team members

Columbus-based pension fund supports upcoming LBC credit offering
A US pension scheme has agreed to invest in a fund, which is targeting 15% returns

Mid-market specialist LBC pulls in $350 million pension separate account
Philadelphia-based LBC Credit Partners is making rapid progress on fund-raising for its fourth fund targeting US mid-market loans

US credit manager plans $600 million mid-market fund
An experienced US private debt specialist is earning commitments for its upcoming fund

Pension fund joins mid-market boom with $350 million allocation to LBC
A US pension fund has hired LBC to invest in the thriving direct lending sector