Digital Assets Report

Private Credit

Citco opens new office in Guernsey

The Citco group of companies has opened a new office for the firm’s asset-servicing operations in Guernsey, offering fund accounting, fund operations and company secretarial with the key business focus centred on automation.

New York State Common makes $1.7bn alts allocation

New York State Common Retirement Fund, Albany, made eight alternative investment commitments totaling up to $1.7 billion in April, according to a report by Pensions & Investments citing a post on the website of state comptroller ,and the sole trustee

King Street expands marketing and IR team

King Street Capital Management, a global alternative investment firm managing more than $22 billion in assets across public and private markets, has appointed William McGirr as a managing director in the firm’s Marketing and Investor Relations team.

Diameter closes $2.2bn dislocation fund at hard cap

Diameter Capital Partners, a New York-based alternative asset manager focused on the global credit markets, has held the final close of Diameter Dislocation Fund II (DDF II) at its hard cap, with $2.2 billion of capital commitments. 

TCW and Lakemore form CLO equity investment partnership

The TCW Group, a global asset management firm, has entered into a strategic partnership with Lakemore Partners Ltd. and its group entities, a private credit investment firm primarily investing in super-majority control collateralised loan obligation equity.

Mayer Brown adds partner in New York banking & finance practice

Mayer Brown has appointed Jason Friedman as a partner in the firm’s Banking & Finance practice, where he will represent borrowers, private equity sponsors, banks, hedge funds, alternative asset managers and other institutional investors on leveraged finance and private credit

Third Bridge launches transcript platform for buy-side community

Investment research company Third Bridge has launched Community a new product offering providing hedge find, private equity firms, credit investors, mutual funds, and strategy consultants access to transcribed interviews between investors and industry experts.

Ironshield Capital launches closed-end credit opportunities fund

Ironshield Capital, a London-based European credit hedge fund manager, has launched the Ironshield Credit Opportunities Fund, a closed-end vehicle which look to take advantage of opportunities materialising in private credit and illiquid public credit.

Nomura Private Capital launches first fund

Nomura Private Capital has launched its first investment product, the Nomura Alternative Income Fund, which it says marks a significant milestone in the firm’s global push into private markets. Nomura has provided an initial $100 million to seed the fund.

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