AXA IM Prime takes minority stake in Monroe Capital
AXA IM Prime used its GP stake strategy to invest in Monroe alongside the Wendel Group, which acquired a majority stake last year

AXA IM Alts launches diversified private credit fund for individual investors
The new strategy will invest across the entire private credit spectrum, covering not just direct lending but also asset-backed finance

AXA IM reissue sees lower mezz tranches print well wide of guidance
The reissue of the 2016-vintage European CLO saw lower mezz spreads widen markedly compared with earlier guidance to investors three weeks ago

ELTIF 2.0 funds take off with 80 launches in just over a year

AXA IM Alts launches first evergreen private credit fund under ELTIF 2.0
AXA IM Alts has launched its first evergreen private credit fund that conforms to ELTIF 2.0

BNP Paribas AM hires from AXA and LFPI to build unitranche strategy
BNP Paribas Asset Management has created a new European direct lending strategy focused on unitranche and junior debt investments with the help of two senior hires

European CLO double-B spreads hit 2024 low, signalling investor confidence
European CLO double-B spreads are falling lower, hitting year-to-date tights for both new issue and reset deals in the past week. Investors are waving off worries about a potential economic slowdown and opting for primary deals over secondary paper.

AXA’s latest new Euro CLO clears with widening mezz spreads
AXA has priced a new European CLO, valued at EUR 401.5m, with the mezz pricing wider than other new issues so far this month

AXA IM Alts launches IG ABS Fund
The latest fund launch by AXA is looking to raise at least EUR 1bn for a broad portfolio of investment-grade ABS assets 

AXA Investment Managers completes acquisition of European private credit firm CAPZA
French-based AXA IM Alts has completed the purchase of European private credit and private equity firm CAPZA

BNP Paribas announces negotiations to buy AXA IM
BNP Paribas said it entered exclusive talks to buy AXA's asset management unit and set-up a partership for EUR 5.1bn

French asset manager raises more than EUR 2.3bn for SRT fund
Alternative asset manager AXA IM Alts revealed the final close of its latest SRT fund, Partner Capital Solutions 9 Fund

New AXA European CLO shows mezz dispersion
AXA maintained its prolific recent rate of issuance, with a new European deal – the firm’s first for the year – following on from two US deals last month

Natixis markets new AXA European CLO
AXA is among the managers boosting the pipeline of forthcoming European deals, with the manager currently marketing a new European issue via Natixis

Secret structured credit product becomes talk of the town as US opens up
What was once an opaque corner of structured credit has been in the spotlight, as the booming SRT market draws attention from growing numbers of banks and investors.

AXA wins USD 400m for SRT strategy from US pension fund
The growing global demand for SRT transactions was confirmed yesterday with an announcement from AXA IM Alts that it had been awarded a USD 400m investment mandate from a US pension fund

Axa ups the tempo for second European CLO reset this year
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays

Axa Investment Managers beefs up staff with two senior credit hires
Axa Investment Managers hires portfolio manager on emerging markets and fixed income team, while also naming new head of private finance- alternative credit. 

CSAM and Five Arrows print Euro CLOs as bwic activity ramps up
Credit Suisse Asset Management and Five Arrows rounded off the week with two new issue European CLOs, while secondary bwic volumes increased week-on-week

Natixis fills European CLO trading seat with hire from buy side
Natixis has filled a gap on its European secondary CLO

Axa CLO fund uses swaps and T-notes as hedges for 'more pronounced' 2023 recession
Axa Investment Managers says it is using swaps and T-notes as hedges for its publicly listed CLO fund, Volta Finance, with the firm believing a recession in 2023 may be more pronounced than expected

Axa IM claims "more than 15 investors" in new European CLO
Axa Investment Managers says that “more than 15” investors allocated to its static European CLO, Adagio X, which closed on Friday

European CLO managers trade loans to avoid (par) burn
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month