Marathon targets $300 million for inaugural healthcare credit fund
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans

Stepstone wins €215 million private debt mandate from Italian pensions
A consortium of Italian DC pension funds have allocated the capital to a private debt fund of funds under the name Project Zefiro

BlackRock European ABS head joins USS
USS Investment Management, the wholly-owned investment management arm of the UK pension Universities Superannuation Scheme, has hired a head of asset backed securities

Triple Bs in the firing line as Fed turns hawkish, says BofA
Triple B and long duration credit are likely to be casualties of tightening central bank policy, Bank of America strategists have warned. But high yield and cyclical investment grade sectors could fare better

Intriva adds senior debt markets specialist
Intriva Capital has hired a managing director to is asset management team in London

CarVal exceeds target with $3.6 billion distressed credit fund
CarVal will invest in distressed credit including acquiring loan portfolios, investing in corporate securities, structured credit and hard assets

High yield chemical co gaps tighter on bond buy-back
Chemical producer K+S Group is a big improver in credit on Thursday even as the rest of the market moves wider, after it announced a tender offer for bonds

Banks battle back with their own direct lending fund launches
Through their own direct lending arms, large banks are leveraging their long-standing expertise and offering private debt to reclaim market share. Though small, these hybrid bank funds are certain to grow

Bridgepoint hires Benelux credit origination head and opens Amsterdam office
Bridgepoint has expanded its European presence by opening of an Amsterdam office

Axa IM extends palm oil policy to cover ecosystem protection and deforestation
Axa Investment Managers says it is expanding its 2014 policy of excluding investments in companies which do not have sustainable palm oil production certificates by factoring in deforestation and ecosystem protection

HSBC AM names CEO of new $53bn alternatives business
HSBC Asset Management has become the latest manager to bring together its ‘alternatives’ capabilities under one roof, with the launch of a new unit, HSBC Alternatives

Manager targets $450 million for global CLO fund
A New York pension has backed the fund, which will invest in CLO debt and equity tranches and is said to have held a first close in Q1

HIG WhiteHorse adds Dach head to European direct lending team
HIG WhiteHorse has hired a former Barings official as principal and head of the Germany, Austria and Switzerland region 

Capital Group hires senior portfolio manager from AB in London
Capital Group has drafted in an investment director in London as it targets European investors 

Credit indices hit impasse after US high yield returns to pre-covid tights
Credit improvement looks to be taking a breather on Thursday after the compression play in CDS indices took US high yield index CDX HY to its tightest prints since February 2020, before the outbreak of covid-19 began to blow out spreads

AlbaCore swims to €1.5 billion first close on European private debt fund
AlbaCore Capital Group has held a first close on its third European direct lending fund, which has a €2 billion target

Mezz fund is meat and drink to Cerea as it holds €215 million first close
Cerea Partners is targeting companies in the food and beverage value chain as it launches a new mezz fund   

LP round up: big name managers win direct lending mandates amid $1.5 billion allocations
Apollo, Ares, Barings and CVC were among the beneficiaries of the direct lending rush in May 

Schroders unites private market divisions under Schroders Capital umbrella
Schroders has united its private market capabilities under a new umbrella branded Schroders Capital

Shipping firm adds buoyancy amid few signs of choppiness in credit
CMA CGM, the French container shipping company, is a big mover today amid very calm waters elsewhere in credit.

BlueBay hires Germany/Austria institutional sales official in new role
BlueBay Asset Management has tapped a former bfinance official as head of institutional sales Germany and Austria, a newly created job

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Novicap tech platform targets credit investors with fundraising drive
Novicap, a fintech company offering working capital optimisation solutions to SMEs and mid-market corporates, is looking to debt capital markets participants such as credit and structured credit funds, asset managers, pension companies and insurers as it seeks to raise third-party funding for its credit platform

Tech firm tempts credit investors with supply chain finance offer
Novicap, a fintech company focused on invoice financing, is looking to debt capital market participants — such as credit and structured credit funds, asset managers, pension companies and insurers — as it seeks to raise third-party funding for its credit platform

Lupus Alpha CLO funds bounce over 100% in year-long rise
Lupus Alpha’s CLO funds have posted 100%-plus returns in the past 12 months, with Lupus Alpha CLO Opportunity Notes II up 137.24%