Creditflux

Senior CVC official lands at direct lender Graycliff
He co-founded the firm's US mid-market lending platform 

Largest UK pension appoints new CEO of investments
Universities Superannuation Scheme (USS) has appointed a new chief executive officer of its investment management business  

EQT extends push into Nordic direct lending with Nordea hire
The hire follows increased activity for EQT Credit in the region with three recent direct lending deals announced in the Nordic region 

Morgan Stanley IM collects $785 million for senior loan fund
The strategy will have around $1.1 billion available capital for investment with leverage 

New investments drive Canada Pension Plan’s credit returns to 8.7%
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report  

Hermes adds to its direct lending team in London
Hermes Investment Management has added to its private debt team in London, Creditflux has learned.

Northleaf adds newly-created business development role in London
The new hire will lead the Toronto-based firm's business development and investor relations activities across Europe, the Middle East and Africa

Pemberton opens Copenhagen office
The expansion into Denmark follows the opening of its Amsterdam office earlier this year 

Sacramento pension backs healthcare fund
Sacramento County Employees Retirement Scheme (SCERS) committed $35 million to OrbiMed Royalty & Credit Opportunities in April, according to a monthly report of new investment activity seen by Creditflux  

Head of direct lending parts ways with Aberdeen Standard
After over three years at the helm, the head of direct lending has left Aberdeen Standard Investments  

MGG appoints direct lenders to two US offices
Direct lender MGG Investment Group has appointed two officials to its New York and Dallas team, Creditflux has learned

Barings BDC forms $550 million JV with South Carolina pension
The new joint venture will invest in both liquid and illiquid credit

US pension to invest $75 million in private debt
Vermont pension investment committee (VPIC) has decided to commit $75 million in private debt, following a private credit strategic investment plan recommendation plan recommendation by its investment consultant NEPC.  

Prospect's $500 million CLO fund merges with Stira Alcentra global credit fund
Prospect Capital Management’s $500 million closed-end CLO fund has officially merged with a global credit fund managed by Alcentra and Stira

UK pension fund appoints manager for private debt portfolio
Hampshire County Council Pension Fund has appointed JP Morgan Alternative Asset Management as a private debt portfolio manager.

Direct lender Cordet poaches Rothschild mezzanine veteran
Cordet Capital Partners has appointed a Rothschild veteran to its team in London 

Managers look east as Asian credit fundraising takes off
Several asset managers have outlined plans for growth in Asia as one of their foremost priorities this year.

Endowment funds eye allocations to private credit
Endowment funds are evaluating private credit funds in a bid to meet their 7% return hurdles, and Commonfund, based in Wilton in Connecticut, is leading the charge.

Morgan Stanley grows direct lending arm in New York with two hires
The bank has added a second hire to its private debt team having appointed an ex-Carlyle official to a newly created role as head of direct lending 

US pension fund to commit $1.1 billion in private credit by 2020
Investment consultant NEPC has recommended that Arizona Public Safety Personnel Retirement System (PSPRS) commit $550 million in private credit in both 2019 and 2020, according to a private credit review  

Pemberton closes strategic credit opportunity strategy at €1 billion
Pemberton has closed its first fund dedicated to strategic credit opportunities today

Monroe adds ex-Medley official to west coast origination team
The new hire will be based in Los Angeles 

BNP Paribas Wealth appoints head of private equity and private debt investments
The appointment supports what the firm sees as "a significant pick up in clients’ appetite" for the asset classes

California pension approves $20 million for open-ended private debt fund
The commitment comes two months after Santa Barbara County Employees’ Retirement System mandated $25 million to a THL Credit 

Pennsylvania pension commits $150 million to European credit funds
Pennsylvania State Employees’ Retirement System approved $975 million of investments at its 24 April meeting