Creditflux

UK pension eyes managers as part of £1 billion-plus credit expansion
Border to Coast Pensions Partnership is seeking investment managers for single credit asset class mandates,

US pension backs two private debt managers, but retreats from syndicated loans
San Antonio Fire & Police Pension Fund ended 2019 bullish on private debt but shying away from syndicated loans

West coast pension looks to step up direct lending allocations
The City of Fresno Retirement System will commit $140-160 million to private credit for the next two years, according to board documentation seen by Creditflux. This comes amid a pause in direct lending commitments for the pension fund, which has not committed any capital to this market in 2019

Past returns: Bond king’s exit ends CLO refis
Five years ago in Creditflux, we reported on a market absorbing the consequences of ‘bond king’ Bill Gross leaving Pimco, the firm he co-founded.

Indiana pension hires ICG as it shakes up credit portfolios
Indiana Public Retirement System (INPRS) has shaken up its credit and fixed income allocation, either by committing to new funds, or by restructuring its portfolios, according to documents seen by Creditflux  

US pension backs Pimco to reach private credit target
Ventura County Employees’ Retirement Association (VCERA) is set to commit an additional $25 million to Pimco Private Income Fund

Pimco's evergreen private debt fund attracts another US pension
Seattle City Employees’ Retirement System has become the latest manager to commit to Pimco's open-ended private credit fund 

Maryland pension allocates $25 million to evergreen private debt fund
Anne Arundel County Retirement and Pension System has allocated $25 million to an evergreen private credit fund managed by Pimco

Fresh ideas blow in from the west
As Creditflux hosted its first conference in California, the hub of US innovation, it was no surprise that new ideas such as applicable margin resets and high triple-C buckets were on the agenda

US loan veteran MacLean to retire from Pimco
Pimco loan portfolio manager Beth MacLean will be retiring from the firm in March, a spokesperson for the company firms

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions

Pimco plans CLO management return after 12-year absence
Pimco is lining up a return to CLO management, over a decade after its last deal. The Newport Beach-based firm has been absent from the primary market since pricing Portola in November 2007.

Points up front: Producing the perfect CLO
Mitsubishi UFJ Financial Group’s head of CLO issuance Asif Khan directed a thought-provoking question to Pimco’s Loren Sageser at Creditflux West last month.

Credit funds at a glance

Pimco hires ex-KKR official to lead corporate special situations unit
Pimco has appointed a former KKR official to lead the firm’s corporate special situation unit

HSBC pension chief joins London CIV in top role
London Collective Investment Vehicle (London CIV) has appointed Mark Thompson to serve as chief investment officer (CIO), effective from September.  

Angelo Gordon hires Pimco's European ABS head
The firm is looking to bolster its residential and consumer debt unit outside the US, with the hire based in London 

London pension fund appoints interim CIO
London Collective Investment Vehicle, the fund manager for the pooled investments of 32 London Local Authority Pension Funds, has appointed Michael Pratten as interim chief investment officer  

Pimco appoints former JP Morgan AM official as head of Switzerland
The new hire will be responsible for client management and developing strategic growth opportunities

California pension approves $20 million for open-ended private debt fund
The commitment comes two months after Santa Barbara County Employees’ Retirement System mandated $25 million to a THL Credit 

Pimco targets securitisation-friendly assets for $1 billion fund
Pimco is winning US pension fund support for a strategy geared towards purchasing what it describes as private credit assets “that have historically been securitised”

Past returns: short and sweet
Five years ago in Creditflux, we reported on Pimco emerging as a major buyer of triple A-rated US CLO tranches

Oklahoma pension backs Pimco's evergreen credit fund
Oklahoma Firefighters Pension & Retirement System has decided to commit $75 million to Pimco Private Income Investment Strategy, according to minutes from the US pension fund’s board meeting in January.  

Pimco generates listed opportunistic energy credit fund
Pimco is eyeing the energy sector for a new opportunistic credit fund, according to US regulatory filings.

Pimco launches latest ESG-focused credit offering
Pimco has launched its latest environmental, social and governance (ESG) fixed income offering - GIS Global Investment Grade Credit ESG Fund.