News

UK local authority preparing US private credit spend

Flintshire County Council pension fund to make allocation decision next month; approves Permira ticket in June


CLO round-up: step-up tranches make a comeback as post-Labor Day issuance hits $5bn

Gallatin VIII is the first CLO to feature a step-up tranche since 2014

Carlyle brings in Davidson Kempner pro for credit opps fund

Mathew Feldman joined the asset manager on 5 September



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


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


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


CVC Credit hires leveraged finance veteran as CIO steps down

$17.9bn credit manager announces hire of Hamish Buckland as chairman, replacing Stephen Hickey


Orchard announces launch of institutional trading platform for P2P loans

Orchard Deals is first fully-automated platform for trading marketplace lending loans


Ex-Paulson MD staffs up for Strobus launch

The ‘Greatest Trade Ever’ analyst has hired fixed income expertise for his new hedge fund.


Credit inflows drive Alpha Ucits growth

London-based Ucits platform sees overall AuM pass $750m thanks to Fair Oaks and Amber funds


Pennsylvania Sers approves $150m ticket for TSSP credit fund

Public pension continues build-out of multi-strategy portfolio; sets sights on cutting fees and costs




CME Group gives up on CDS clearing

One of the world’s largest central clearing houses is getting out of the CDS business


CIFC receives $300m from Canadian pension for risk retention fund

CIFC has issued $2.9bn of new US CLOs in 2017


Lucid Issuer Services moves into loan trustee and servicing

Capital markets service provider makes senior hires to build out servicing and trustee platform


Conning brings in former Mariner mortgage head

Connecticut-based manager hires for structured products head


Highland announces promotion of credit head to co-CIO

Trey Parker promoted to co-CIO after 10 years at the Dallas-based hedge fund manager