Angelo Gordon keeps hold of mezz tranches with mid market CLO
Angelo Gordon has moved into middle market CLOs by printing its first deal backed by loans to middle market companies. The firm retained all junior and mezzanine liabilities in a deal that appears not to carry a public rating

Oaktree raises largest ever fund with $15.9 billion for "opportunistic credit" strategy
Oaktree Capital Management has closed its largest ever fund, collecting a whopping $15.9 billion on its latest opportunistic credit strategy, Oaktree Opportunities Fund XI

Antares and Palmer Square give new life to legacy CLOs via resets
Antares Capital Management and Palmer Square Capital Management each reset a CLO on Tuesday, with the two deals worth a combined $964.8 million

HPS among winners as Texas pension reveals $725 million allocation to credit
Texas County District & Retirement System has revealed over $700 million in allocations to credit funds it made in October and November - including $400 million to a HPS managed account

Maranon prints first new issue of year with Wells Fargo
Maranon Capital on Monday evening priced its first new issue CLO of the year, via Wells Fargo

Bain and Blue Owl upsize middle market CLOs with resets
Bain Capital Credit and Blue Owl Capital each reset a middle market CLO on Monday, with both managers opting to upsize their vehicles without changing the equity tranche sizes

Barings jostles cap stack with mid-market CLO reset
Barings has reset a middle market CLO it signed in 2017, increasing the overall size of the deal slightly with a shift in weighting between the single A minus and triple B minus pieces

HPS targets $9.5 billion for fifth mezzanine debt fund
HPS Investment Partners is targeting $9.5 billion for its fifth global mezzanine debt fund, HPS Strategic Investment Partners V - but unlike earlier vintages, HPS says it will not target opportunities within the upstream energy space

Angelo Gordon unit set to break into mid market CLOs
Twin Brook Capital Partners is preparing its first middle market CLO, in a move which would put Angelo Gordon alongside Blackstone as the firms with the most rounded CLO businesses

Blackstone Credit names tech investing head
Blackstone Credit has promoted a New York-based official as its global head of technology investing

Ironwood targets $500 million for mezz debt and equity fund
Ironwood Capital is targeting $500 million ($550 million hard cap) for its latest fund which will focus on subordinated debt and minority equity investments in lower middle market US companies

Houlihan Lokey launches quarterly private credit index
Houlihan Lokey says it has launched a quarterly private credit index, which aims to increase visibility in private credit loans and inform investors’ views of market dynamics and help them make more better decisions

American Equity mandates $1 billion to Monroe for software and tech lending
American Equity Investment Life has awarded $1 billion to Monroe Capital for its technology lending platform focusing on middle market software, technology and recurring revenue

Guggenheim prints first new CLO in 18 months
Guggenheim Investments on Thursday issued its first new CLO in over 18 months

Supply chain crisis hits credit amid shift to physical products
Credit investors are bracing for choppy waters as the supply chain crisis makes itself felt on company balance sheets heading into the year end

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

Niche credit funds make mid-market flexibility count
Funds that have the flexibility to invest in mid-cap debt issuers prospered in September, amid the usual swarm of outperforming CLO funds

Points up front: HPS gives it 200%
One of the biggest fundraisers this year in credit is HPS Investment Partners. Its $11.7 billion Specialty Loan Fund V totals $15.4 billion including leverage

Most investors still behind target with sustainability and impact investing, survey finds
72% of global investors plan to increase their allocation targets to sustainability and impact investing. That is according to a limited partner survey by private markets firm HarbourVest Partners HarbourVest’s 2021 ESG, Sustainability, and Impact Investing Survey of LPs

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Alcentra appoints liquid credit PM as head of responsible investing
Alcentra has built out a dedicated responsible investing team and has appointed its liquid credit portfolio manager to the newly created role of head of responsible investing

Bennett Goodman's Hunter Point buys stake in MidOcean
Hunter Point, which was launched by Blackstone Credit’s co-founder Bennett Goodman alongside Avi Kalichstein in 2020, has made its first investment and bought a minority stake in mid-market specialist MidOcean

Eagle Point hits $300 million hard cap on BDC-lending fund
Eagle Point Credit Management says it has held a $300 million final close on its Defensive Income Fund, hitting its hard cap and exceeding its original $250 million target

Brookfield hires industry veteran as public securities CIO
Brookfield Asset Management has hired a long-serving credit and equity market professional as chief investment officer for its public securities group