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Akin Gump hires Paul Hastings partner for private credit practice
1 month ago
The New York-based partner will join the growing special situations and private credit practice. -
Dallas retirement system allocates USD 60m to credit funds
2 months ago
The Dallas Employees' Retirement Fund has allocated USD 60m to three separate credit funds as the Texas-based system grows its allocations to private credit and distressed debt -
CLO portfolios may need check-up as healthcare sector continues to deteriorate
3 months ago
Reimbursement challenges and high labour costs are expected to continue to drive restructuring activity among healthcare companies this year following a busy 2023. -
Blackstone sets sights on USD 10bn for opportunistic private credit fund
3 months ago
Blackstone will soon introduce the latest version of its opportunistic private credit fund, aiming to raise USD 10bn, Michael Chae, the firm's chief financial officer, told analysts -
2023: a bumper year for CLO funds
4 months ago
It looks like 2023 will finish as a solid year for most credit funds, and an outstanding one for CLO funds. But funds pursuing corporate distressed strategies continued to struggle -
Oaktree raises roughly USD 3bn for third special situations fund
5 months ago
Oaktree upsizes third fund that primarily invests in stressed or distressed US middle-market companies -
Florida pension system allocates to three alternative funds
5 months ago
Three funds received commitments from the City of Hollywood Employees' Retirement Fund including an opportunistic credit fund and a direct lending fund -
Seattle retirement systems commits USD 30m to distressed fund
5 months ago
The Seattle City Employees' Retirement System recently committed up to USD 30m to the Monarch Capital Partners VI fund -
CLO market’s favourite sector struggles as wages rise and leverage bites
6 months ago
The most important sector for the US CLO market is showing increasing signs of trouble. According to CLO-i data, healthcare and pharmaceuticals represents the largest exposure for US CLOs. -
New Mexico sovereign wealth fund commits USD 250m to distressed fund
6 months ago
The New Mexico State Investment Council approved a commitment of up to USD 250m to a distressed opportunities fund during its 24 October meeting. -
US CLO credit Air Methods Corporation files for bankruptcy
6 months ago
Air Methods Corporation, a widely held name in the US CLO market, filed for Chapter 11 this morning reporting USD 1bn to USD 10bn in liabilities. -
Oak Hill raises USD 2.3bn for distressed fund
6 months ago
Oak Hill Advisors secured USD 2.3bn in equity commitments during the final close of its distressed investment fund, the OHA Strategic Credit Fund III -
Fund performance
7 months ago
Positive August for credit sees CLO funds on top again -
Credit funds at a glance (September 2023)
8 months ago
A round-up of people moves and fund raising -
Credit hedge fund returns (September 2023)
8 months ago
Credit hedge fund returns -
Illinois Municipal Retirement Fund sinks hundreds of millions into credit funds
The Illinois Municipal Retirement Fund has invested more than half a billion dollars into several credit and direct lending funds
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DebtDynamics North America: Likely-to-distress scores highlight struggling industries
9 months ago
Out of a universe of more than 12,000 leveraged US companies, 180 are in the stressed/distressed lifecycle categories -
Diebold's DIP delivers partial payout
10 months ago
Another day, another divergent DIP outcome as Diebold Nixdorf has its reorganization plan approved in court. -
CLOs hit by bankruptcy of Envision as zero recovery predicted for first lien loans
11 months ago
Envision has joined the growing number of companies to have filed for Chapter 11 bankruptcy. The emergency medical services company, which has been owned by KKR since 2018, announced on 15 May that it was entering a restructuring support agreement. -
LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
1 year ago
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit -
Loan recoveries slump as investors bank on rebound
1 year ago
The average recovery rate for defaults in 2023 has declined considerably due to a combination of factors such as: cov-lite loans, priming activity in previous years, loan-only borrowers defaulting, and the sectors in which the defaults have been concentrated -
Credit hedge fund returns (May 2023)
1 year ago
Credit hedge fund returns -
Credit funds at a glance (May 2023)
1 year ago
A round-up of people moves and fund raising -
March madness sees most funds give up gains made in Q1
1 year ago
After a positive start to the year, credit funds ended the quarter with a step backwards; just under 30% of those listed reached positive returns for the month. -
CLO funds make best of a bad situation
1 year ago
It can’t get any worse can it? Well, it did in 2022, when credit spreads kept moving wider. Still, CLO funds were able to withstand the pressure, and they outperformed other credit strategies
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