Calpers supports two managers with $350 million for new strategies
One of the largest pension funds globally has hired two managers that are developing new credit-themed strategies

Former UBS big hitter steps backs from role at Sound Point
A credit industry veteran, who served as a leading figure at UBS, has parted company with New York-based Sound Point Capital Management where he was a portfolio manager

High yield and distressed debt specialists leave Nomura in New York
Three high profile figures have left Nomura's US high yield and distressed debt group over the last few days, according to sources close to the situation.

Manager targets $1.5 billion for upcoming special situations fund
A firm which was founded by officials that previously held senior roles at Apollo, KKR and the Ontario Teachers' Pension Plan, is planning its second distressed fund

Leading distressed debt manager strengthens with Mount Kellett hires
A global credit giant has hired from firm which recently linked up with Fortress

Large distressed debt manager earns US pension support for new fund
A New York-based distressed specialist has earnt $100 million for a new special opportinities credit fund

US pension firm backs Alcentra with €25 million for upcoming credit fund
A US pension fund has once again given its backing to Alcentra for a new distressed fund which has the ability to buy structured credit

Distressed manager wins $15 million from pension fund for new strategy
Having just launched its fourth fund, a Toronto-based manager has made a rapid return to the market with fund five

BNP Paribas grows its distressed debt and loans team in London
French lender BNP Paribas has been growing its distressed debt and loan trading capabilities in London according to sources close to the matter.

US pension fund backs Cerberus as part of $750 million credit push
A US investor has allocated large sums to two credit managers for distressed debt and direct lending strategies 

US pension fund hires a second manager for mid-market strategy
A US pension fund is pushing into a niche are of credit, having allocated to two new funds which target distressed mid-market companies

Venor earns $100 million for new middle-market distressed fund
Distressed debt manager Venor Capital has earned a $100 million commitment for its upcoming credit fund.

Oak Hill credit fund smashes past $1.5 billion
Market sources say that a multi-strategy credit fund managed by Oak Hill Advisors has surpassed $1.5 billion in AUM

West coast pension backs Oaktree with $600 million for distressed debt
One of Oaktree Capital Management's most valued clients has backed the manager's upcoming distressed debt strategy

LA pensions give their blessing to start-up firm's distressed debt fund
Investors based in the city of angels have given their blessing to a start-up manager's debut credit fund. 

Manager closes in on distressed fund after New Mexico road show
A credit manager has completed a successful marketing campaign in Santa Fe as part of its push to launch a new distressed debt fund.

Pension funds allocate to new KKR direct lending and distressed funds
It may be late in the year but KKR Credit is making progress in its bid to launch second generation credit funds.

Octagon launches its first fund to target distressed and structured credit
Long-time CLO manager Octagon Credit Investors has this month diversified its business by launching a new commingled credit fund.

Managers earn support as they each aim for $4 billion credit funds
Two established credit managers are aiming to raise $2 billion each in capital for direct lending and distressed debt. A US pension fund has supported both causes with $30 million

Calpers joins US pension fund charge towards distressed debt
US pension funds continue to put money to work in distressed debt strategies with California Public Employees' Retirement System among the institutions that are allocating towards new distressed funds

Endowment fund crosses Lake Erie to invest in Canadian distressed debt
A US endowment fund has topped up its exposure to a distressed debt strategy north of the border

High yield sales specialist jumps to buy side for trading role
Distressed debt manager poaches sales specialist for trading role in London