Fund managers

Invesco sees pressure on returns in Australian debt

Its real estate team says the yield spread has come down to the lower end of ‘a reasonable range’.

IPRS commits $300m to HPS and Carlyle – exclusive

The Indiana pension, which has a long history of credit investing, is boosting its exposure to senior debt.

Twin Brook moves toward first close on $2bn fund – exclusive

The lower mid-market credit manager is back on the road less than a year after it wrapped up its second fund.

Owl Rock seeks up to $1bn for private fund

The firm, barely two years old, has raised billions for its BDC.

First Avenue promotes partners in Dallas, New York

Brian Price and Chris Tehranian have been named partners at the placement agent, while Hannah Mudge has been promoted to vice president.

SBCERA may cut ties with York Capital Management

The California retirement plan is withdrawing its York investments over unspecified fund terms with which the LP took issue.

BNP Paribas agrees origination tie up with CODE

The partnership will see CODE originate SME loans for BNP Paribas Asset Management and expand into Europe.

CLO report: Fundraising

PDI fundraising data show CLO-focused funds remain a small yet dynamic niche within the broader private debt space.

Ex-CarVal CIO joins opportunistic credit at Kennedy Lewis

As chairman, John Brice will work with KLIM’s founders on strategic initiatives.

Dyal takes minority, non-voting position in direct lender HPS

The investment is Dyal’s third this year, following deals with Vector Capital and Clearlake Capital Group.