ETF firm touts low warf stratregy to help cut CLO financing costs
Retail investors will soon have access to CLO investments with two managers launching CLO exchange traded funds this month. Peter Coppa, managing partner at Alternative Access Funds, believes the CLO market will benefit

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

Sixth Street nears $12 billion for flexible global credit fund
Sixth Street collected $8.5 billion for its fifth TSSP Adjacent Opportunities Partners fund, TAO 5.0, by the end of July, with the fund nearing its $12 billion hard cap

Churchill prepares third mid market debt fund
Churchill Asset Management is on the road fundraising for its third flagship private debt fund and the New York-based direct lender has so far collected $115 million for the vehicle

KKR targets sub-debt and ABS with latest private credit fund
KKR is preparing to launch its third mezzanine private credit fund, dubbed KKR Private Credit Opportunities III

BlueMountain's Feldstein set to leave firm as Assured wins $300 million CLO mandate
Andrew Feldstein is set to exit from Assured Guaranty and its subsidiary BlueMountain Capital Management, where he has served as chief investment officer and chief executive officer

Apollo plans multi-billion dollar follow up to credit dislocation fund
A few large managers have launched credit dislocation funds, but Apollo could be unique in fundraising for its second since the coronavirus pandemic

CIFC's new HY team takes all-weather approach as it launches Ucits fund
CIFC has launched a long-short high yield Ucits fund, underlining a trend for all-weather strategies that Creditflux highlighted in the August issue of the monthly newsletter

Another CLO ETF emerges as Alternative Access unveils senior tranche fund
You wait ages for one CLO exchange-traded fund to emerge and then two come along at once: Alternative Access Funds has launched AAF First Priority CLO Bond ETF, which will take exposure to triple A-rated US CLO tranches

US CLO manager to dance to its own tune with breakthrough CLO equity fund
A large US CLO manager is on the verge of a first close for a fund that will invest in the majority of its CLOs, ending its reliance on third-party CLO equity investors

Credit funds at a glance (August 2020)
A round-up of fundraising and people moves

New funds move in as tranche trades take off
Synthetic structured credit funds are proving popular with investors amid a spike in index tranche trading

PennantPark and Pantheon launch private credit joint venture
PennantPark Investment Corporation, a business development company managed by Pennant Park, has paired with Pantheon to form a private credit joint venture

Aon wraps up fundraising for $350 million opportunistic credit fund
The fund will target global investments across public corporate and structured credit, stressed credit and real estate debt

Castlelake targets $750 million for add-on to fifth distressed fund
Castlelake has launched an add=on vehicle to its fifth distressed flagship fund in order to take advantage of opportunities that have resulted due to the covid-19-related market dislocation, according to documents seen by Creditflux

Prime launches global fund of niche credit funds
Prime Capital is preparing a new fund of niche credit funds in a strategy the firm has dubbed Liquid Alternative Credit Fund, and the Frankfurt-based manager will launch the fund with $30 million capital from three seed investors

LP round up: pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'
There was no slowdown in credit allocations last week, wrapping up what has been an extremely busy July. $1.4 billion has been allocated to credit, it has emerged over the last seven days, according to board documentation seen by Creditflux.

MSD collects $825 million for credit opportunities fund
The fund will invest across the corporate capital structure, including liquid and illiquid credit opportunities, structured financing solutions, and equities

Legg Mason teams with affiliate Western for credit fund
Legg Mason has teamed up with its affiliate Western Asset Management to launch a closed-ended fund to invest in a diversified portfolio of fixed income securities, according to fund registration filed by the pair yesterday

Janus Henderson launches 'first of its kind' senior CLO ETF
Janus Henderson has become the latest manager to prepare a CLO-focused fund, but the manager has taken a rather unusual approach to its fund structure: an exchange traded fund

First Eagle prepares corporate credit interval fund
First Eagle Investment Management is preparing to launch a new opportunistic credit strategy in the form of an interval fund

GSO reaches $7 billion for real estate debt fund
GSO’s latest real estate debt fund pulled in $2.1 billion across the second quarter and the vehicle’s AUM has now reached around $7 billion, according to Blackstone president and chief operating officer Jonathan Gray

Goldman Sachs collects $6.4 billion for opportunistic credit fund
Goldman Sachs’s merchant banking division has collected $6.4 billion from more than 1,500 investors on its inaugural opportunistic credit fund, West Street Strategic Solutions I

LP round up: Oregon eyes $1.8 billion into structured credit
Institutional investors have earmarked over $6 billion to credit funds over the past two weeks

LibreMax's former corporate credit head sets up distressed debt firm
The former head of orporate credit at LibreMax Capital is preparing to launch a new distressed debt firm after securing an anchor investment