Creditflux

Global CLO b-wic round-up: junior mezz rebounds with busiest week since June
Secondary market CLO trading has made a busy start to 2020 with $478.6 million of US deals and €103.3 million of European CLOs up for sale last week

Cairn prices €419 million CLO with triple-As tight of market
Recent spread dispersion in the European CLO market is evidenced by Cairn Loan Investments’ pricing of a €418.73 million CLO in which the triple-A tranche came tight of the 10-day rolling average but the single-B piece was deeply discounted

Cairn teams up with NatWest and GreensLedge for first-time CLO partnership
Cairn Capital is working with NatWest Markets and GreensLedge to refinance its 2016 vintage CLO named Cairn CLO VII

How green was my rating

Oceanwood carves out responsibilities after CEO sets sail to Cairn
Oceanwood Capital Management has decided to split the responsibilities of its former chief executive officer Nicholas Chalmers among two employees, according to market sources

Cairn appoints CEO from Oceanwood as Campbell steps down
Cairn Capital has hired a new chief executive officer, who will take over from co-founder Paul Campbell

Cairn teams with Mediobanca for European credit Ucits fund
The strategy will focus on four credit asset classes - financials, corporates, asset-backed securities and special opportunities 

EQT hires portfolio manager to pave the way for European CLO launch
EQT has taken a big step towards launching a CLO management platform with market sources indicating that the firm has hired a head of senior debt

Cairn prices 15bp inside longer-dated deals as it prices two-year European CLO reset
Cairn Capital has priced its first transaction of the year, resetting its 2014-vintage deal 

Mizuho appoints Cairn co-CIO as global markets head in London
The announcement follows the departure of the bank's incumbent head of global markets

Cairn Capital hires portfolio manager for CLO investments
Cairn Capital has hired a portfolio manager with sell-side and ratings agency experience to be responsible for CLO tranche investments

Cairn sheds light on single-investment SRT fund
Fresh details have emerged on Cairn Capital’s new significant risk transfer (SRT) funds with the manager informing Creditflux that Pathfinder Fund III was structured such with US requirements in mind

Cairn adds two SRT funds to its roster
Cairn Capital has raised $150 million across two significant risk transfer (SRT) funds - with differing mandates - according to an announcement by the firm

Cairn launches multi-strat fund with SRT investments in mind
Cairn Capital’s significant risk transfer (SRT) business is evolving with the firm launching a multi-strategy fund to invest in these assets

Updated, upgraded and ready to launch
Whether it’s a software update or a full-blown upgrade to a newer model, CLO technology is advancing fast, with Be-Spoke and Ellington the latest to launch new types of securitisations

Cairn makes ESG and senior credit research appointments
Cairn Capital has signalled its commitment to environmental, social and governance with the appointment of a head of ESG

Cairn adds to its SRT investment team in London
Cairn Capital has appointed Chris Cottrell as senior investment analyst

Cairn prices 10th CLO as European triple As hit 100bp once more
European CLO triple A spreads have reached triple figures for the first time in almost two years as the market continues to widen

Cairn prices €362 million CLO refi with triple A spreads hitting 79bp
Cairn Capital priced its second CLO transaction of the year this morning

Cairn markets European CLO refi as spreads look set to widen by 6bp
The Euro CLO refi market is picking up steam, with Cairn Capital looking to become the fourth manager to refinance a transaction in as many weeks

BlackRock poaches CLO tranche portfolio manager from London-based firm
BlackRock has hired a CLO investment specialist in London

European CLO round-up: who's going to be first to break 70bp?
European CLO spreads continue to rally and the question on everyone’s lips right now is: “when [not if] will triple As dip below 70 basis points?” Most likely the next question posed will be “are US CLO market participants fretting upon similar quandaries?”

Cairn works reg cap and eyes another fund launch
Cairn Capital’s regulatory capital relief business is up and running, with the firm closing its first deals late last year

European CLO spreads tighten dramatically as Cairn prices new issue deal
Double A and single A rated notes tighten well inside 2017 tights as Cairn prices a new issue European CLO

Cairn builds out business development team with Investcorp and Camares hires
Credit and CLO manager Cairn Capital has announced two new appointments to its business development team in London