Apollo holds $2.34 billion final close on latest credit dislocation fund
Apollo Global Management has held a $2.34 billion final close on its latest flagship dislocated credit fund, Apollo Accord Fund IV

Barings sells €377m portfolio via b-wic to wind down European CLO
Barings was the seller of a mammoth €377 million loan b-wic on Thursday (12 February), Debtwire has reported

It's all relative: CLO spreads explore record tights as credit indices hit impasse
CLO spreads are grinding to ever tighter levels, despite a flattish week for credit in which corporate credit indices have ended up more or less unchanged

The Last Tranche with Sound Point's Ketchum: CLOs have fortress-like structures
Creditflux's Hugh Minch and Sound Point's Stephen Ketchum discuss the macro picture for US credit and who should be on the lookout for inflation

UK fund manager launches £125 million global sustainable credit fund
The manager says it aims to allow investors to gain exposure to global fixed income markets in a more sustainable way

ESG was factor when firing managers for 42% of investors, survey reveals
The latest survey from investment consultant Bfinance shows the coronavirus pandemic increased focus on ESG issues for over a third of investors - and ESG is important when selecting external asset managers

Blackstone hires Carlyle co-head of illiquid credit as senior managing director
The New York-headquartered manager has hired a Carlyle official as a senior managing director in its opportunistic investing platform, Blackstone Tactical Opportunities. And Carlyle has subsequently promoted two officials on its team

Carlyle holds first close on opportunistic credit fund amid 2020 'record fundraising'
Carlyle Group has held an initial closing on its second opportunistic credit fund amid a record credit fundraising year for the firm

Apollo credit assets rocket 50% with anticipated fundraising hike after Black investigation
Apollo Global Management's credit assets rocketed 52% over 2020 to $329 billion - and the firm predicts third-party fundraising to “build significantly” in the first quarter, following the conclusion of Dechert's investigation into chief executive officer Leon Black

It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018

The tide has turned… the solution for investors is to move into floating rate loans
2020 was the year of fixed-rate bonds, but treasury curves are steepening and demand for loans is heating up

FS bridges CLO gap with broadly syndicated loans
FS Investments has expanded its platform to include CLOs backed by broadly syndicated loans, with officials saying the firm capitalised on solid conditions late in 2020

CLO managers face ramping challenges as inflation risk rises
A mix of inflation worries and pandemic uncer-tainty is pushing up loan prices and causing CLO managers to struggle to construct new portfolios

Credit funds at a glance (February 2021)
A round-up of fundraising and people moves

Fund performance: CLO funds keep up momentum as Napier Park finishes top
2020 ended with funds in our CLOs category taking the top few spots

Ucits at a glance: Advent ends calendar year on top
Ucits ended 2020 on the rise as 89% of funds achieved positive returns in December

Credit hedge funds (February 2021)
Monthly credit hedge fund tables

They said it: "I am extraordinarily proud of the firm I have helped build"
Apollo chief executive officer Leon Black announces he is stepping down.

Search firm highlights lack of diversity across Euro credit
A report on diversity within the corporate credit industry has shed light on the imbalances that persist

The imperfect incorporation of ESG is no excuse not to act
Managers’ legal ESG responsibilities may be vague, but they must still set up a credible strategy

We need to remove CLO misinformation from the market
Vibrant's Kashyap Arora takes our credit quiz

Credit fundraising: January proves anything but dry for manager inflows
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch

It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally

Cairn buys $2.5 billion European distressed debt manager
Cairn Capital has bought a $2.5 billion European distressed debt hedge fund manager, boosting the firm's assets under management to $8 billion

CIFC makes senior hire to business development team
CIFC Asset Management is scaling up its business development team after hiring a managing director in its investor solutions group