Davidson Kempner raises $1.75bn to invest in illiquid distressed assets

DK Long-Term Distressed Opportunities Fund IV held its first close on 31 August

Capital Dynamics hires Credit Suisse veterans for new private credit business

Jens Ernberg and Thomas Hall join New York office to oversee expansion into direct lending

Neuberger Berman raises $1.1bn for new private credit fund

NB Private Equity Credit Opportunities Fund will primarily invest through the secondary market

Neuberger Berman raises $1.1bn for new private credit fund

NB Private Equity Credit Opportunities Fund will primarily invest through the secondary market

Black Diamond hires news structured products business development head

Greenwich-based manager hires former Natixis CLO syndication head

Alcentra hires GoldenTree partner for co-CIO role

Vijay Rajguru will be responsible for growing the firm’s US loans and direct lending businesses



Manager of the month, August: Premeritum Investment Management

London-based manager looks East for event-driven opportunities


Manager of the Month: Serone Capital Management

London-based structured credit manager looks to CLO liabilities

Ripples from the Tsunami

With risk retention proving not to be the market-killer it was expected to be, ACI finds CLO managers are switching focus from compliance to capital efficiency.