Covenant quality diminishes in direct lending market
Covenants are getting looser in the European direct lending market, according to speakers at the Debtwire European Mid-Market Forum

Aircraft lessors: gathering clouds lead to talk of turbulence
Aircraft leasing companies have been cruising over the past two years as passenger numbers grew, but rising interest rates and trade tariff concerns are making some bondholders nervous

Managers spot opportunity as leveraged loans soften
An abundance of US leveraged loan issuance helped soften secondary prices even though the overall market is highly bid. Meanwhile, investors’ preference for floating rate paper hit high yield

Points up front: BlueGreen OneTreeHill United - the CLO team
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers

KKR eyes second European direct lending fund
New York headquartered KKR is looking to raise its second European direct lending fund - KKR Direct Lending Europe II, European regulatory filings reveal.

Euro CLO league tables: 2018 volumes hit €22.6 billion after flurry of deals in June
The first two quarters of this year have delivered €22.6 billion worth of CLO issuance in Europe, almost matching the €22.7 billion that was issued in the first half 2017

Hayfin looks to launch third European direct lending vehicle
European credit specialist Hayfin Capital Management is looking to launch Hayfin Direct Lending Fund III, according to regulatory filings 

Dutch bank makes its return to CLOs with first new issue in five years
A Dutch bank has returned to the primary CLO market, pricing its second 2.0 deal

Points up front: BlueGreen OneTreeHill United, the CLO team
Inspired by Serhan Seçmen’s keynote address at Creditflux’s CLO Symposium in May, we’ve come up with a World XI of CLO managers.

Pemberton appoints head of business development
European direct lender Pemberton has expanded its senior leadership team with the appointment of Antoine Josserand as head of business development

Schroders appoints credit specialist to fixed income team
Schroders has appointed a former BlackRock credit specialist as an investment director focused on Schroders' credit strategies

BNP Paribas AM enters into SME loan origination partnership with Code
BNP Paribas Asset Management has formed a strategic origination partnership with CODE Investing as part of its new SME Alternative Financing platform

GSO prices €549.75 million short WAL reset of 2013 European CLO
GSO priced Europe’s second largest CLO transaction of 2018 yesterday, according to market sources

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Tikehau poaches Commerzbank leveraged loan trader
Tikehau Capital has appointed a secondary loan trader in its London-based CLO and leveraged loan fund team

LCH expands into US with CDSClear as JP Morgan goes live
CDSClear, the Paris-based credit default swap clearing house of LCH, has expanded its reach into the US with JP Morgan becoming the first US bank to offer client clearing

PGIM refinances 2016 deal which pays its liabilities over six-month Euribor
PGIM has refinanced a 2016 vintage CLO which pays its debt liabilities over six-month Euribor

Investcorp brings in European credit portfolio manager from Rothschild
Investcorp has appointed Dominic Courtman as portfolio manager and director of its European Credit Management business (ICM EU)

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

Alcentra appoints Rajguru as global chief investment officer as Hatfield retires
Alcentra has appointed Vijay Rajguru as global chief investment officer effective 2 July 2018, a spokesperson for the company has confirmed to Creditflux, following Paul Hatfield's decision to retire from the firm at the end of the year

Värde appoints business development and investor relations head in London
Global alternative investment firm Värde Partners has appointed Shannon Gallagher as head of business development and investor relations for EMEA

LCM Partners acquires €300 million Spanish NPL portfolio
European alternative investment manager LCM Partners has acquired €300 million of Spanish non-performing SME loans from Barcelona-based Grupo Cooperativo Cajamar

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund

Alcentra hires co-heads of US direct lending
Alcentra has moved into the US direct lending space - and has appointed Suhail Shaikh and Peter Glaser as managing directors and co-heads of its US direct lending business

Brunswick holds €640 million final close for Nordic real estate debt fund
Nordic real estate lender Brunswick Real Estate Capital has held a final close for its second senior debt fund, with capital commitments reaching over SEK 6.6 billion (€640 million)