Rachel McGovern

The fund raised just shy of €800 million from investors for direct lending across the capital structure to mid-market European borrowers.

Asian credit opportunities have proved popular with investors and the firm is also eyeing structured credit in the region, said David Rubenstein.

Former Churchill Financial risk officer Christopher Cox leaves Carlyle to take risk role at newly-formed Churchill Asset Management.

The global firm has raised almost $2 billion for its second energy mezzanine fund.

The joint venture, Activate Capital, will finance up to 90 percent of new housing projects in urban centres in Ireland.

The Chinese distressed investor has also bought a portfolio of non-performing loans in partnership with US-based Oaktree.

The asset manager reported 40 percent year-on-year growth in Q2 economic net income to $840 million or 88 cents per share. The results were driven by strong performance across strategies including realised carry from private equity exits.

The $2.55 billion deal will create one of the largest alternative asset managers. The combined firm will focus on a management fee earning model.

The French private lender has hired an ex-BNP Paribas banker to manage its CLO portfolio and wider leveraged finance assets.

The US firm led by Black Diamond co-founder James Zenni has priced its debut securitisation. The vehicle is said to be the first CLO launched by a debut manager in 2015.