Californian pension backs investment in BlueBay spin out10 days ago
Ventura County Employees’ Retirement System has agreed to maintain investment in BlueBay’s private debt business following this being span out into a new entity, according to a board meeting document seen by Creditflux
Deal flow access a factor in BlueBay’s private debt spin-out15 days ago
Fresh details have emerged concerning the sudden spin-out of BlueBay Asset Management’s private debt unit, which was announced on 5 June.
Direct lending team to spin out of BlueBay and form new partnership with Dyal1 month ago
BlueBay Asset Management has today announced that it is spinning off its €13 billion direct lending business
Unlevered direct lending funds bring in first-time investors4 months ago
Unlevered direct lending funds are particularly appealing to first-time investors and one of the biggest managers in the business has taken note of this
BlueBay closes fourth direct lending fund at €6 billion5 months ago
BlueBay Asset Management has held a final close for its fourth private debt fund with over €6 billion of investable capital
Italian foundation seeks new CIO to oversee pension pot5 months ago
Rome-based foundation Fondazione Enasarco is searching for a new chief investment officer, following the departure of Robert Rausch
BlueBay targets €5 billion for European direct lending strategy6 months ago
BlueBay Asset Management is targeting €5 billion for its latest European direct lending strategy, according to documents seen by Creditflux, and has won $125 million in commitments from two US pension funds
Korean pension fund commits €80 million to European direct lending8 months ago
The Government Employees Pension Service (GEPS), the €7.7 billion Korean pension fund, has selected Alcentra and BlueBay Asset Management for two commingled blind funds, according to an announcement notice seen by Creditflux.
Direct lenders flock to Munich as German deal flow picks up9 months ago
German private debt is attracting a growing number of fund managers. Market sources say that deal flow through the first half of the year was at 65% of 2017’s total and had surpassed the number of private debt deals executed by funds in each of the previous five years
- Adjusted ebitda language is creeping into direct lending loan terms, with market sources telling Creditflux that adjustments are rife within covenants, meaning lenders are not being given the protection they would expect.11 months ago
Golding poaches BlueBay's Das to head private debt1 year ago
Golding Capital Partners has expanded its private debt capabilities, hiring former BlueBay partner Abhik Das as private debt head and Florian Hofer as investment manager
New Hampshire pension makes $50 million commitment to direct lending1 year ago
The New Hampshire Retirement System has approved a $50 million commitment to BlueBay’s Direct Lending Fund III (USD unlevered), according to documents seen by Creditflux
Ohio pension backs BlackRock multi-asset and BlueBay direct lending funds1 year ago
BlackRock and BlueBay have each won commitments from a $14.7 billion Ohio pension fund
Bluebay poised to launch third European private debt fund1 year ago
London-based Bluebay Asset Management is seeking to launch its third European private debt fund, according to media reports
Devon pension fund hires two firms and creates £150 million private credit bucket1 year ago
A Devon pension fund is set to introduce a 3% allocation to the private debt asset class.
BlueBay closes senior-only European debt fund at €3 billion1 year ago
BlueBay Asset Management has announced that it is held a final close on a €3 billion European direct lending fund
BlueBay, Brightwood and Permira win private debt mandates2 years ago
BlueBay Asset Management, Brightwood Capital Advisors and Permira Debt Management have been tasked with overseeing a London pension fund’s direct lending portfolio
Former BlueBay partner establishes direct lending firm after key hires2 years ago
The former head of German direct lending at BlueBay has launched a new firm with backing form a German private equity firm. He has hired former Barings and Park Square officials to support his new business
BlueBay adds senior analyst to its German direct lending team2 years ago
BlueBay Asset Management has hired Marcus Maier-Krug as a senior credit analyst to its German direct lending team. The firm had lost a senior member of its German direct lending team a couple of months back
BlueBay parts company with its head of German direct lending3 years ago
Asset manager goes on the hunt for specialists following senior private credit departure
BlueBay hires two for direct lending in London3 years ago
BlueBay Asset Management has announced the expansion of its London-based direct lending team with two senior hires.
Direct lending specialist leaves BlueBay in London3 years ago
A private debt specialist has left BlueBay having joined the credit firm at the start of the year.
Babson and BlueBay win support for new credit funds3 years ago
Two large credit funds have earned support from a US pension fund for distressed debt and direct lending
BlueBay earns US investor support for upcoming direct lending fund4 years ago
BlueBay Asset Management has won $40 million for its new direct lending fund
Pension fund pumps $220 million into direct lending in new credit push4 years ago
A US pension fund, which has been a big backer of direct lending strategies, has recently increased its target allocation to credit. Its existing line up of mid-market managers have greatly benefitted.
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