Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

Real estate relief boosts high yield but retail rout gathers pace
A mixed week for credit has taken German real estate company Adler back to safer levels while sending two supermarket retailers further into the realms of most risky in the iTraxx Crossover universe

Ashurst boosts structured finance and derivatives practice as it brings in partner
Law firm Ashurst has hired a structured finance and derivatives specialist as a partner in its global markets practice

Schroders holds second close on private credit fund of funds "driven by UK pension demand"
Schroders says a growing demand from UK pension funds for diversified private credit exposure has helped the firm hold an £85 million second close on its private credit fund of funds, Schroders Capital’s Multi Private Credit Fund

Deutsche Bank to hold triple As as Blackstone resets another European CLO
Deutsche Bank has reset a 2019 Blackstone-managed European CLO named Dunedin Park. The bank will also hold a portion of the deal's triple As, subject to one investor approval

Partners goes long again with five-year European CLO
-Partners Group has priced its latest European CLO, named Penta CLO 10

CIFC adds analyst to London team
CIFC Asset Management has hired Antonio Gurrea as a senior investment analyst in London.

Ex-Permira Credit CIO lands at Swiss-based asset manager
LGT Capital Partners has hired Permira Debt Managers founding partner and former chief investment officer as head of credit solutions 

BlackRock resets 2020 European CLO with triple As tightening to 97bp
Bank of America arranged the €351 million BlackRock European CLO X 

European CLO triple As edge in to 96bp with third KKR new issue of 2021
European CLO triple As have tightened further in October with KKR pricing notes on its third new issue of the year, Avoca CLO XXV, at 96 basis points over Euribor

Credit Rendezvous: Credit spins full circle
The third quarter was massive in terms of volumes with CLOs, high yield, leverage loans and private equity registering record issuance. But credit spreads were up and down as inflation fears, crackdowns in China and rising coronavirus cases became catalysts for risk-off sentiment in July and September

Investors behind CLO guarantees emerge as Assured wraps third deal
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO

Creditflux CLO Census 2021 closes with record participation
The Creditflux CLO Census 2021 has closed with 245 people in the industry casting their vote and having their say on key issues affecting the market

Palmer Square's Euro CLO AUM rockets to €1.8 billion in just 14 months
Palmer Square Capital Management has kept strong momentum with its European CLO ambitions after pricing its second European static CLO of the year on Friday via JP Morgan

Alantra makes breakthrough in real estate debt with €132 million fund raise
Alantra says it has held a €132 million close on a first real estate debt fund, just €8 million short of its hard cap. Alteralia Real Estate Debt FIL had an initial target of €100 million and will invest predominantly in Spain (60%)

Euro CLO newcomer Albacore strikes inside 100bp with triple As
AlbaCore Capital has brought its third European CLO to market, pricing triple As inside the 100bp price band

CLO Census latest: voting crosses 200 as range of dealers lead in CLO origination
CLO market participants are placing value on the specialist service that dealers are providing, according to Creditflux’s CLO Census, with three different banks leading the way for US CLO execution, structuring and syndication. A silimar trend is in play in Europe

Sov yield surge finally weighs on IG fund flows, as credit turns corner
Investment grade credit funds have suffered their first net outflow in several months, as the uptick in rates volatility has finally weighed on appetite in this part of the credit spectrum

The Last Tranche with Capital Four: 26% of new European loans have an ESG-linked margin ratchet, and the US could follow fast
In this episode of the Last Tranche, Capital Four's Torben Skødeberg and Jim Wiant discuss the emergence of loans linked to environmental, social and governance (ESG) criteria

Compression trade resumes as reverse rally bites on shorts
This week's relief rally gathered momentum in credit and equity markets on Thursday against a further retreat of government bond yields, even as oil prices hit new highs

Five Arrows hits 40% deployment on new €1.4 billion direct lending fund
Rothschild has held a €1.4 billion final close of its third European direct lending fund, Five Arrows Debt Partners III

Assured prints second European CLO new issue of 2021
Assured Investment Management (Fuji) has priced its second new issue European CLO of this year, named BlueMountain Euro CLO 2021-2

Casino's hand improves as credit eases off year's wides
Credit markets have taken a turn for the tighter, with spreads broadly rallying, amid a retreat of oil prices and government bond yields

Anchorage partially refis Euro CLO with less than year left of reinvestment
Anchorage Capital has opted to partially refinance its debut European CLO, which ends reinvestment in July next year

Vanguard opens subscriptions for core-plus bond fund
Vanguard Core-Plus Bond Fund builds on the firm's original Core Bond fund but with greater exposure to high yield and emerging markets investments