Flat Rock hires ex-DFG managing director Rimmen
Flat Rock Global has hired Laurent Rimmen as managing director in New York, the firm has announced

DFG appoints CEO and makes several promotions including new co-CIO
A Partners Group official has been appointed chief executive officer of DFG Investment Advisers in New York as the firm makes several leadership promotions

OC health check: CLOs wake up when September ends
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August.

CLO managers push for deeper triple C buckets
CLO managers in the US have launched a concerted effort for greater flexibility on their triple C test limits since the coronavirus-triggered sell off in March

Global CLO b-wic round-up: CLO lower mezz spreads tighten back after volatile two weeks
Secondary CLO spreads in the US and European markets have recovered after moving wider over the last two weeks

Beneath the triple C: downgrades hold steady as Travelport loses its luggage
For the second month in a row downgrades to triple C steadied, with just under $9 billion of CLO loans falling to this rating across 34 corporate borrowers

CEO Wriedt to part ways with DFG and launch his own business
Oliver Wriedt is stepping down from his role as chief executive officer of DFG Investment Advisers to launch his own investment venture, according to an investor letter seen by Creditflux.

DFG raises $350 million for multiple CLO investment strategies
DFG Investment Advisers has raised about $350 million for CLO investment strategies this year, according to market sources

US CLO league tables: CSAM pulls away from pack
The back and forth tussle between Octagon Credit Investors and Credit Suisse Asset Management for the lead in the US CLO issuance league tables took a new turn in November

CLO pipeline: DFG keeps its finger on the pulse
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market

Former DFG CLO head resurfaces at Silver Rock
CLO specialist Tim Milton has landed at Silver Rock Financial, it has emerged

Head of CLO management leaves DFG shortly after promotion
The recently-appointed head of DFG Investment Advisers' CLO business has left the firm less than three months after his promotion

DFG seeks secondary loans for new series of Pulsar CLOs
DFG Investment Advisers is launching a new line of CLOs with collateral sourced entirely in the secondary market

CLO pipeline: ESG, risk retention and secondary loans come to the fore
Managers new and old are trying different strategies and structures to price their latest deals    

CLO managers went to CCC, to see what they could CCC…

DFG prices first CLO since management reshuffle
DFG Investment Advisers yesterday priced a $368.05 million reset of its 2016 CLO named Vibrant IV, according to market sources

DFG promotes CLO PM to partner as co-head leaves
One of the co-heads of the CLO business at DFG Investment Advisers has left the firm after four years

Fresh ideas blow in from the west
As Creditflux hosted its first conference in California, the hub of US innovation, it was no surprise that new ideas such as applicable margin resets and high triple-C buckets were on the agenda

Philadelphia Energy bankruptcy tars nine CLO managers with $241 million exposure
The Philadelphia-headquartered company has entered into bankruptcy protection for a second time, having only emerged from its first filing in August

DFG returns to CLO primary market with risk retention-compliant deal
DFG Investment Advisers returned to the CLO primary market on Friday for its first new issue since August

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates

DFG hires experienced credit analyst in New York
DFG Investment Advisers has drafted in John Hwang as director and senior credit analyst on its leveraged credit team in New York

Europe's CLO manager field set to get bigger as managers from all corners aim to break through
Regulation does not always impair activity

Former CIFC co-chief executive joins DFG
DFG Investment Advisers has hired the former co-chief executive officer of CIFC Asset Management