News

Fifth Street to close credit hedge fund and sell CLO business

Decision to wind down its non-core businesses comes after a rocky period for the firm


European debt firm Butler launches Ucits with MontLake

Butler Credit Opportunities Ucits will aim for annual returns between 8% and 10%

Prytania mulls niche structured credit launch

UK firm considering less traded opportunities in the European market



Ohio School Employees commits $50m to direct lending

LBC Credit Partners IV allocation to sit within opportunistic portfolio


MidCap Financial prices huge new mid-market CLO

The CLO is MidCap’s second new issue deal, following on from a $506m offering in February


Lloyd Crescendo targets fund launch after forming private credit unit

The Miami-headquartered wealth and asset management firm recently opened a New York office, and is targeting a private credit fund launch by the end of 2017


Rothschild Bank Switzerland hires head of fixed income to cover credit funds

Head of credit trading leaves London banking job for head of fixed income role in Zurich


Prytania Group exploring niche structured credit launch

UK firm is considering less traded opportunities in the European market


Credit big hitter to leave Apollo in London

Ralf Ackermann said to be exiting one of the world’s biggest credit platforms


PGIM launches second new US CLO of 2017

The Newark-based asset management giant has launched a $611m CLO which is due to close on 27 June


Spectrum AM launches credit opps Ucits with ML Capital

High Ridge Credit Opportunities Ucits fund joins MontLake platform


Park Square hires two, promotes three

Three promotions to partner accompany hires from Permira and Goldman Sachs


Ex-BlueCrest PM readies risk-sharing platform

Michael Sandigursky staffs up ahead of Whitecroft launch




CLO roundup: busy week sees $3.3bn of global new issuance

Sound Point Capital Management rounded off a busy week for the new issue CLO market today as it launched an $814 million fund.


Apollo subsidiary targets $1.2bn for new mid-market CLO

Apollo subsidiary MidCap Financial is gearing up to launch a $1.2bn CLO backed by middle market loans


Kern County eyes $200m credit spend, expands Albourne mandate

$4bn pension looking for corporate and real estate debt funds to build out new private markets book


Korea Post is looking for private debt managers for $300m mandate

State-owned pension investor is looking for proposals from credit managers for mezzanine and distressed debt


Nick Pappas to take the credit helm at CQS

Former BlueMountain Europe chief executive takes role with London-based asset manager