Creditflux

Medley BDC loses compliance with NYSE as two directors depart
The Medley marathon continues after two "independent" directors offered their resignations. The pair were named in a lawsuit last month with activist shareholders FrontFour 

BlackRock's Weber: the banks saw us as competitors, now they see us as partners [video]
BlackRock's head of private debt in Germany, Theo Weber, spoke with Creditflux's Mike Peterson after his panel at the Creditflux European Direct Lending conference in London last week

US institution eyes credit as part of private equity expansion
University System of New Hampshire (USNH) looks to add credit commitments into its private equity portfolio, as part of the asset class new target allocation.

Paul Hastings' Minott: direct lenders can segregate levered sleeves to protect themselves [video]
Paul Hastings’ Diala Minott spoke with Creditflux’ Michelle D’souza after her panel at the Creditflux European Direct Lending conference last week  

Attestor hires former Barclays distressed trader
Attestor Capital has hired a former Barclays distressed credit trader as an analyst

H&A appoints head of private debt as it gets to halfway on €1 billion fundraising goal
H&A Global Investment Management has appointed a former Deutsche Bank official to lead the firm’s newly launched private debt division

Goldman Sachs lands big hire from Alcentra to expand DACH lending
Alcentra’s former head of DACH mid-market has emerged at Goldman Sachs Private Capital

Alcentra BDC assigns new CEO
Business development company Alcentra Capital Corporation has named a new chief executive officer, saying "this is the right time for these transitions"

Creditflux and Debtwire unveil European Direct Lending Perspectives
Creditflux and its Acuris stablemate Debtwire have joined forces to produce European Direct Lending Perspectives in a report that sheds light on the biggest trends from 2018.

Värde partners with Guber on €734 million NPL deal
Värde Partners along with Guber Banca have led a group of investors to make a joint acquisition of a €734 non-performing loan portfolio originated by 22 mutual, rural, and cooperative banks spread throughout Italy  

UK pension allocates £900 million to four private debt managers
The £21.9 billion pension fund has awarded £900 million to three private debt managers and one real estate debt manager, according to 6 March board minutes

Dubai-based manager boosts private debt unit with managing director
Gulf Credit Partners, the private debt platform at Gulf Capital, has appointed a managing director from NBK Capital Partners 

Alcentra's co-head of US direct lending switches focus to Europe - Debtwire report
Alcentra has appointed Peter Glaser as co-head of European direct lending, according to Creditflux’s sister publication Debtwire

Connection hires from Invesco for head of funds role
London's Connection Capital has named Lorna Robertson as the firm’s new head of funds

Texas pension fund creates new credit bucket
The Employees Retirement System of Texas (ERS) has approved a 3% opportunistic credit allocation, according to documents from an investment advisory committee meeting in March seen by Creditflux  

European regulators lower Solvency II capital charges for private debt
The European Commission has amended Solvency II rules to make it easier for insurance companies to invest in private debt and private equity

Massachusetts pension seeks multi-sector bond managers
Massachusetts Water Resource Authority Employees’ Retirement System has launched a request for proposals in which it opens the search for multi-sector and specialty lending bond managers  

GSO to add two North American offices in 2019
The credit manager anticipates the offices will help expand the firm’s origination efforts in North America

Los Angeles pension to shortlist managers for private credit mandate
Los Angeles City Employees’ Retirement System (LACERS) is set to short-listed six firms as semi-finalists as part of a $670 million private credit mandate.  

Owl Rock opens Silicon Valley office focused on technology origination
The $12 billion direct lender anticipates the office will better serve financial sponsors operating in the technology sector

Italian pension fund seeks loan exposure through direct lending and large cap loan funds
Intesa Sanpaolo’s defined contribution pension scheme has issued a tender notice seeking senior secured loans and direct lending funds to invest in.  

Ares to expand network with hubs in Amsterdam and Madrid
Ares Management is expanding across continental Europe by opening offices in Amsterdam and Madrid. These are expected to be running in the first half of 2019

Ares and GSO carry unitranches over €1 billion mark
Flush with cash, European direct lending managers have finally passed the milestone one billion unitranche mark this quarter

Investors eye trade finance as alternative to direct lending
Institutional investors are turning their attention towards trade finance funds in a bid to reduce duration risk within their portfolios, sources say.

Unlevered direct lending funds bring in first-time investors
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