M&G lays out ESG focus with £5 billion pledge to 'sustainable private assets'
M&G is allocating £5 billion ($6.8 billion) from its £136 billion with-profits fund into businesses using a model which places emphasis on ESG, sustainability and impact investing

Biden buzz highlight's credit's growing pains
Stimulus and a “reflationary window” are the dominant themes of early 2021, particularly in the US, and they will favour growth assets over credit in the near term, say investors.

Credit funds at a glance (February 2021)
A round-up of fundraising and people moves

Fund performance: CLO funds keep up momentum as Napier Park finishes top
2020 ended with funds in our CLOs category taking the top few spots

Ucits at a glance: Advent ends calendar year on top
Ucits ended 2020 on the rise as 89% of funds achieved positive returns in December

Credit hedge funds (February 2021)
Monthly credit hedge fund tables

Napier Park fund ends 2020 on top with massive 29.5% gain
Napier Park Global Capital stormed to the top of our credit hedge fund rankings for 2020, registering a gain of 29.49% through Napier Park Eton Fund.

Italian credits lead race tighter as Super Mario eyes new mission
Italian sovereign, bank and corporate spreads are in the spotlight today, after the country's president Sergio Mattarella asked former European Central Bank president Mario Draghi to lead a government in the wake of Giuseppe Conte's coalition collapse

New York life sciences specialist hires three and launches credit opportunities fund
A life sciences boutique has launched a credit opportunities strategy and has hired three officials to lead the charge.

Credit fundraising: January proves anything but dry for manager inflows
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch

It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally

LP round up: Dutch pensions put €1.3 billion into infra debt
Institutional investors allocated over $2 billion to credit funds in January. Opportunistic credit funds were a favourite but the biggest moves came in infrastructure debt

Silver squeeze reaches credit in brighter trading mood
Financial markets are beginning the week and the month in a more positive mood after a volatile end to January. But retail investor power - the bane of hedge funds last week - is again exerting an influence that permeates through to credit

Credit grasps for stability after midweek swoon
Credit markets look to have regained some composure at the end of a rocky week, with indices flattening out despite a continuing decline in stocks

Shamrock targets $200 million for media credit opportunities fund
Shamrock Capital Advisors is targeting $200 million for its inaugural credit opportunities fund, Shamrock Capital Debt Opportunities Fund I

PSP and Pretium invest $700 million in US single-family rentals
PSP Investments has entered a joint venture with Pretium Partners to invest $700 million in single-family rentals across the southeastern and southwestern US

CIFC makes senior hire to business development team
CIFC Asset Management is scaling up its business development team after hiring a managing director in its investor solutions group

US looks for stronger open after sell off
US credit is opening slightly stronger on Thursday, after its sharp Wednesday rout, prompted by Federal Reserve messaging, carried over forcefully into Asian and European markets

Blackstone raises $1.1 billion for mezz and $1.7 billion for direct lending
The New York-based manager had a strong final quarter of 2020, adding $13.1 billion in credit assets under management in the quarter

CSAM hires head of origination for direct lending team
Credit Suisse Asset Management has hired an experienced official to its direct lending team in New York

Credit touches November levels as nerves fray on France and Fed
Fears of a third national lockdown in France and the risk of disappointment from Wednesday's US Federal Reserve meeting have pushed credit wider along with a sell off in stocks

Sun Life to liquidate publicly-traded IG credit fund
Sun Life Capital Management has decided to liquidate its publicly-traded credit fund, Ryan Labs Long Credit Fund, according to US regulatory filings.

PennantPark keeps up fundraising pace with new credit opps strategy
PennantPark Investment Advisers has held a final close for its US middle market opportunistic credit strategy, PennantPark Credit Opportunities Fund III

Marathon secures $900 million for asset-based lending fund
The New York-based manager will invest in asset-based loans across the healthcare, real estate, equipment and transportation and corporate sectors 

Credit lags in market recovery after borders panic
Financial markets are recovering after Tuesday's sell-off, but credit is lagging stocks despite having taken more of a hit in the initial rout