Credit investor round-up

US schemes look to private debt and emerging markets

BNPP AM acquires 10% stake in SME lender Caple

Strategic partnership allows BNPP AM to access smaller end of a crowded direct lending market

Riverside becomes latest PE firm to launch direct lending fund

Boston firm raises $110m for fund to be managed by ex-NewStar lending pros

Highland expands senior team with hire of new CSO

Dallas manager brings in Andrew Parmentier as partner

ICG makes waves in European CLOs and direct lending

London-based manager secures tightest euro CLO print and launches 2017’s largest direct lending fund

Cheyne preps long-biased global credit Ucits launch

Onshore fund expected to go live by the end of the year

Varde Partners expands into credit cards with acquisition

$13bn expands specialty finance business by acquiring Austin-based CreditShop

Ex-Merrill ABS head opens credit opps fund to external investors

Hudson Cove Capital Management brings in first US investors for $250m flagship fund

Noyack Creek launches event-driven Ucits across credit and equity

Former PSAM duo partner with ML Capital for onshore fund focused on liquid, hard catalyst events

Charlotte-based direct lender launches second mezz fund

Kian Capital launches new SBIC to lend to lower middle market companies in the southeastern US

Man Group targets $250m as it launches new direct lending fund

Bridge Lane unit launches first fund under Man’s new “Global Private Markets” umbrella

Czech Asset Management feels lucky with third revolver fund

Greenwich-based fund manager launches third direct lending revolver fund

Amundi expands private debt platform following new hires

European manager launches senior loan fund and prepares push into real estate debt

Warnings for credit, but opportunities for credit managers from Stuart Fiertz

Cheyne’s Stuart Fiertz warns of dangers, but speaks of opportunities for alternative credit funds while receiving Alt Credit Intelligence Outstanding Contribution Award.

FS Investments hires new head of private credit

Brian Gerson joins $20bn manager from LStar Capital

IOSCO warns over credit crunch from manager debt holdings

FCA executive Bob Taylor warns over sale of bank loans

Glendon secures $2.5bn for second distressed debt fund

Glendon Opportunities Fund II hits hard cap after big allocations from several institutional investors

Saba Capital COO departs after eight years

Muqu Karim is replaced by Cameron Hillyer