Credit

Owl Rock plans fund targeting stressed companies after Dyal deal

Direct lending firm expected to also launch its next general business development company in 2020.

Vista raises ~$700 mln for third credit fund

Ninety-nine PE-backed companies receive distressed credit ratings

On the Move: Ares hires Joel Holsinger as co-head of alternative credit

Blackstone’s GSO runs fund revamp on older credit pools

Ares hires ex-Fortress exec Joel Holsinger to co-lead alternative credit

Ares Management hired ex-Fortress executive Joel Holsinger as co-head of alternative credit, effectively immediately. Holsinger will work alongside Keith Ashton co-leading alternative credit to expand Ares's global coverage of the sector, which targets asset-focused direct investments primarily in North America and Europe. Holsinger previously was a partner with Fortress Investment Group, where he was a member of the management committee and the investment committee for the credit funds. Before, he was a founding partner at Atalaya Capital Management.

Thoma Bravo collects over $648 mln for initial credit fund

Thoma Bravo has raised over $648 million for its inaugural credit fund, according to an SEC filing. The target is $750 million.

Bain Capital Credit provides $75 mln loan for Air Comm

Bain Capital Credit has provided a $75 million credit facility for Westminster, Colorado-based Air Comm Corporation, a provider of mission-critical components and fully engineered solutions for commercial and military aerospace customers. Bain Capital Credit was the sole lead arranger and administrative agent. SPP Capital Partners and ANV Partners were financial advisers to Air Comm on the transaction.

LACERS picks four private credit managers; commits $200 mln to two

Longtime fundraiser Ryan Schlitt leaves Credit Suisse