Cheyne returns to SRT market with eye-catching hire
Cheyne Capital has re-entered the significant/synthetic risk transfer (SRT) market, bringing on an industry veteran to act as portfolio manager

Evolution hires new managing director from JP Morgan
Evolution Credit Partners has added a managing director on the investment team, helping grow the Boston-headquartered firm's working capital finance and leveraged finance businesses

Global Loan Highlights 1Q24: Don’t call it a comeback
Loan refinancing share hits historic high, but IG issuance stymies YoY global growth

Equity piles up in European direct lending portfolios after debt swaps
European debt funds have fully or partially equitised at least 61 loans provided to companies backed by some of the biggest names in private equity since 2018, analysis by Debtwire shows.

Direct lender and CLO manager expands into Japan
The US private credit and direct lending specialist has opened its first Japanese office, and hired a new senior VP to oversee the office

Värde Partners promotes two to partner
Värde Partners has made two senior-level promotions, including a new global head of business development and investor relations and a new chief operating officer

November 2023 US Leveraged Highlights
Debtwire today releases the November 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high-yield bond markets

Blackstone to close multi-strategy fund after assets fell nearly 90%
Blackstone plans to shut down its Blackstone Diversified Multi-strategy Fund by the end of the year after assets within the fund declined by nearly 90% in the last four years

Global head of CLOs and loans switches firm to focus on private credit
Dan Robinson, Man Group's managing partner of capital asset solutions and global head of CLOs and loans has moved to a new asset manager

M&G launches first European private credit fund
M&G Investments is the latest firm looking to individual investors as an avenue for fundraising with the launch of a new ELTIF, dubbed the M&G Corporate Credit Opportunities Fund

New Mexico sovereign wealth fund commits USD 250m to distressed fund
The New Mexico State Investment Council approved a commitment of up to USD 250m to a distressed opportunities fund during its 24 October meeting.

Pantheon brings private credit secondaries to the masses
Pantheon Group has launched a new evergreen private credit secondaries fund aimed at the US private wealth market

Loan Highlights 3Q23: Loan volumes remain significantly lower than historical averages
Capital markets loan activity continued to struggle in the third quarter of 2023, as issuers in the Americas and Europe held off from tapping markets

Brazilian distressed fund gains investor attention internationally
International investors continue to take note as Brazil's Jive Investments raises roughly half a billion dollars for fourth vintage of distressed and special situations fund. 

Large LPs turn to net asset value tools to finance private equity portfolios
NAV financing has a long history as a tool for private equity managers to get new capital into older funds, but now interest from creative institutional investors is widening its appeal.

Berenberg closes its fourth debt fund in the renewable energy space
Berenberg is continuing to raise money in the renewable energy debt sector, with the German bank working alongside BayernInvest Luxembourg to close its fourth debt fund in the space.

May 2023 US Leveraged Highlights
Leveraged investors continue to favor bonds to loans, according to the Debtwire May 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high yield bond markets.

Stonepeak hires veteran investor to expand credit team
Stonepeak, an asset manager specializing in infrastructure, announced that Michael Leitner has joined the firm as a senior managing director.

Crédit Agricole appoints head of corporate and leveraged finance
Crédit Agricole CIB has appointed a head of corporate and leveraged finance, effective Thursday

Pantheon hits $590 million close on second credit opportunities fund
The fundraise means Pantheon has raised $3 billion for its private credit secondaries strategy since its dedicated launch in 2018

PGIM buys majority stake in direct lender Deerpath
PGIM has bought a majority interest in direct lending firm Deerpath Capital Management

Fund performance: European CLO funds lead the way
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January

SEC charges Chatham and co-founder for improper fixed income trading
The SEC has charged Chatham Asset Management and its founder, Anthony Melchiorre, in connection with improper trading of certain fixed income securities from 2016 to 2018

Mapre launches private debt strategy to bring together subsidiary investments
Mapre Asset Management is bringing together all private debt investments made by the insurance group's subsidiaries, as well as new investments, with the launch of a new private debt fund

Permira brings in Carlyle European special sits co-head for new business
Permira has strengthened its new strategic opportunities busines