Antares looks to support underrepresented groups with $1 million entrepreneur programme
Antares is granting $1 million of its own capital to entrepreneurs who are part of diverse and historically underrepresented groups

Ivy climbs to $115 million final close for US direct lending fund
Ivy Asset Group has held a $115 million final close of its US direct lending fund named 2022 Ivy Credit Opportunity Fund

Mid market CLO league tables: Familiar feeling as Golub and Natixis lead after tumultuous month
Only $1.15 billion of mid market CLO issuance was priced in May, for the quietest month in the space since January

Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

Vida hires managing director for private credit team
Vida Capital has made a senior appointment responsible for “driving strategic business partnerships to support the company’s sourcing, direct lending, esoterics and private credit transactions"

LP round up: Oak Hill wins $300 million for strategic credit and Arcmont eyes fund four
US investors allocated nearly $1.5 billion to credit funds in May, with managers to win mandates including: 400, Accel-KKR, Advent, Arcmont, ArrowMark, Comvest, Edelweiss, Francsico, Oak Hill, Sixth Street and Sprott

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

"ESG should not be viewed as a set of principles being imposed on investors — it’s a natural evolution"
It’s not easy for fund managers to assess the most green option  

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

Angelo Gordon closes $3.1 billion credit solutions fund in seven months
Fundraising for AG Credit Solutions II means the firm’s all-weather distressed and special situations platform has grown to $11 billion.

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million

Ex-American Capital duo launch US direct lending business
Altimer Capital will provide financing to lower middle market companies that ‘provide or deploy technology to drive business agility and resilience

Beach Point launches $1.5 billion US direct lending joint venture with KeyBank
KeyBank Beach Point Direct Lending Program will combine sourcing, underwriting and structuring capabilities for middle market borrowers

Eagle Point hires for defensive income strategy team
Eagle Point Capital Management has hired an associate, responsible for assisting the defensive income strategy senior investment team

StepStone keeps up private credit growth with $600 million credit opps fund
StepStone Group has raised “over $600 million” for a fund that will invest in stressed, distressed dislocated credit assets

Monroe closes first opportunistic private credit fund with 'over 75 investors'
Monroe Capital has won commitments from ‘over 75’ investors, closing its inaugural opportunistic credit fund, Monroe Capital Opportunistic Private Credit Fund I, at $286 million

SEC extends comment period for private funds disclosure regulation
Following letters from several institutions including the LSTA, the SEC has extended the comment period on its proposed “Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews” rule

LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners

NatWest keeps up momentum in US mid-market CLOs with role on MidCap new issue
NatWest Markets has scored another US CLO new issue arranging credit after teaming with Natixis and Apollo Global on Apollo-affiliate MidCap Financial's latest middle market transaction

Mid market CLO league tables: Arranger base grows as bumper day boosts issuance
Managers priced $3.4 billion of mid market CLO paper priced last month, the second busiest month of the year behind February and the third straight month new issues and resets made up 100% of issuance

StepStone raises $1.3 billion for direct lending fund of funds
StepStone Group has closed a second US direct lending fund of funds, StepStone Senior Corporate Lending II, at $1.3 billion, surpassing its $1 billion target

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Dispersion begets dispersion in mixed bag of fund returns
Idiosyncratic risks are set to rise in credit, with fund managers becoming occupied with tail risks, and that has been seen in a scattered set of March hedge fund returns