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The UK firm has created a dedicated share class for an unnamed SWF, which has committed $75m to its asset-based lending strategy.

LendInvest will syndicate a loan to the UK pension scheme and continue to the service the loan on behalf of the investor.

The Spanish asset manager, previously known as N+1, has invested 80% of the previous vehicle and is looking to launch a second debt fund.

Pemberton is expected to reach a second close on its UK mid-market lending fund in the summer and is eyeing a final close of £500m.

As funds find success through the unitranche product, managers are now looking to compete on terms as a way of differentiating themselves within the market.

The investment servicing firm has moved into the ABL space as it looks to tap into increasing opportunities for lenders in this niche, but growing market.

Italian banks have heightened the pace of removing toxic loans from their balance sheets as they find more buyers for the under-performing assets.

After three decades at Credit Suisse, Tim O’Hara has joined the international asset manager as co-head of global credit where he will work alongside Jim Keenan.

Going public offers private debt funds the chance to stand out in a crowded European market.

The €10bn asset manager is hoping to ramp up its growth with a listing on the Euronext market. Shares were priced at €21 at the beginning of trading today.