Licence and registration: loan spreads get speeding ticket as CLOs play catch-up
The sharp rally in corporate credit means that CLO spreads are going to have to rapidly follow suit with investors informing Creditflux that US CLO triple As should be pricing at 105-107 basis points to make deal economics work. 

Banco Sabadell joins forces with Amundi
Banco Sabadell and Amundi have announced a long-term strategic partnership, in a bid to boost fund business in Spain  

Hamilton Lane shakes up European leadership
Private markets manager Hamilton Lane has promoted two of its personnel in Europe, the Middle East and Africa, as the $481 billion firm is looking to boost its growth efforts through the region

Experienced CLO PM Bowers launches asset manager with private equity backing
Jonathan Bowers, a former partner and senior portfolio manager at CVC Credit Partners, has established an asset manager in partnership with a private equity firm

CLO pipeline: Medalist ascends podium as new issues pace themselves
CLO managers are biding their time before re-entering the primary CLO market, but this week Investcorp Credit Management, KKR and Medalist Partners are marketing new issue US CLOs

EQT undertakes strategic review of credit business
EQT has announced a review of its credit business with the firm appointing JP Morgan to evaluate its 'strategic options', according to the firm’s Q4 2019 report

Sound Point's breakneck pace of CLO issuance continues with third euro deal
Sound Point Capital Management has hit the ground running in Europe and has one of the fastest rates of issuance on the continent, with sources saying the manager is premarketing its third new issue CLO there

DC pension set to invest in private debt assets
Universities Superannuation Scheme (USS), a UK based pension scheme, is set to enable the members of its defined contribution (DC) section to get exposure to private markets assets, including private debt, from February

GLG prepares euro CLO comeback with rare short-dated deal
Man GLG is set to tap the European new issue CLO market for the first time since September 2018

Partners targets January pricing date for new European CLO
Partners Group is marketing a new issue European CLO, known as Penta CLO 7, via Goldman Sachs

TPG makes European direct lending hire from Investec
TPG Sixth Street Partners has bolstered its UK and European direct lending opportunities team with a hire from Investec 

Ardian raises €3 billion direct lending fund as it makes space for stretch-seniors
Ardian has collected €3 billion from ‘over 90 investors’ on its fourth European direct lending fund, surpassing its original €2.5 billion target size

Pantheon joins forces with Kermony in France
Pantheon has announced an exclusive 'introducer relationship' in France with Kermony Capital today, which is set to introduce Pantheon’s private debt capabilities to French investors  

Bayside hires distressed specialist to work across London and Hamburg
Bayside Capital has hired distressed debt specialist Florian Kawohl as managing director

Portfolio managers wary of US default rates, IACPM survey reveals
Portfolio managers are more pessimistic about North American corporate defaults in the next 12 months than other global regions, according to the latest survey by the International Association of Credit Portfolio Managers

Pimco launches listed multi-sector global credit fund
Known as Pimco Tactical Income Fund, the fund will invest in a range of global credit strategies and will list on the New York Stock Exchange

Advisory firm starts strategic review after credit specialist join M&G and Pictet
A London-based middle market advisory firm is undergoing a strategic review, according to market sources, shortly after it lost two partners to the buy side

Bfinance hires for senior private markets job
The former deputy chief investment officer and private credit director of the £14.7 billion Local Pensions Partnership joins the private markets division of investment consultant bfinance, following Niels Bodenheim's departure to NN Investment Partners in December

Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i

BlueBay adds hire from Schroders to bolster Swiss sales force
BlueBay Asset Management has added a hire from Schroders to deepen the firm’s presence in Switzerland

Tabula adds dollar-hedged class to credit volatility ETF
Tabula Investment Management, a fixed income exchange traded fund (ETF) provider, has added a US dollar-hedged class to a product that captures the difference between realised and implied volatility in the CDS index options market

Schroders appoints deputy head for credit business
Schroders has hired to the newly-created position of deputy head of credit