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US loan trading: CLO managers on cloud nine after Ultimate Software allocations
4 years ago
CLO managers took down about 27% of Ultimate Software's loans in April, when the cloud operator issued its $2.3 billion first lien term loan due 2026, according to CLO-i -
CLO managers process Fusion bankruptcy implications
4 years ago
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy -
New investments drive Canada Pension Plan’s credit returns to 8.7%
5 years ago
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report -
Loan trading round-up: CLO managers fall out of love with First Data
5 years ago
An analysis of loan trading among CLO managers in February shows that First Data is falling down the pecking order with managers selling $182 million of the company's loans -
US CLO managers look to scale flat WALs in search of flexibility
5 years ago
The anticipation of a downturn in the credit cycle has made investors turn their attention toward document provisions that give CLO managers flexibility -
Industry veteran joins B Riley's new credit unit to manage CDOs
5 years ago
B. Riley Capital Management has established a new credit platform -
Brookfield strikes deal to buy 62% stake in Oaktree
5 years ago
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business. -
Affinion skipped interest payment impacts small number of CLOs
5 years ago
Only two CLO managers could be affected by the debt of Affinion Group, who skipped its scheduled 19 Feb interest payment ($22.2 million) to its first-lien 2022 term loan holders -
CLOs are not like CDOs, says Barclays, but warns of loan quality impact
5 years ago
CLOs are far removed from the kinds of structured products that contributed to the 2008/09 global financial crisis, Barclays has argued in a wide-ranging research piece this week -
Carlyle performance dips in Q4, but credit teams ride global volatility
5 years ago
Credit fund performance dipped for the Carlyle Group in the fourth quarter, as market volatility and fund outflows put a dent in the industry’s much stronger performance of the previous three quarters -
Blackstone builds on multi-asset approach with fifth fund
5 years ago
The new vehicle will invest directly into Blackstone deals across its alternatives platform -
Star names join Barclays as it pushes into CLOs
John Clements’ move to Barclays has been voted one of the biggest moves this year. On the buy side, Carlyle’s private credit growth and Alcentra’s US expansion have been boosted with big hires -
Xtract: CLOs may be further squeezed by one-week Libor Election
5 years ago
There are 30 loans which could, at the drop of a hat, switch to one-week Libor benchmarks, according to a report by Xtract Research -
Term structure is being developed for floating rate benchmark SOFR, says LSTA
5 years ago
The Secured Overnight Financing Rate, known as SOFR, is being developed into a term structure -
Oak Hill appoints sole head of European credit as ex-partner takes on new role
6 years ago
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role -
Alcentra hires former BlackRock US loan and CLO chief
6 years ago
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield -
Shrinking spread cushions prove hard for CLOs
6 years ago
Falling loan spreads are placing ever tighter constraints on CLO managers’ choice of investments just as the loan supply itself is declining -
Leading fund: Lupus Alpha CLO Opportunity Notes I
6 years ago
Single-B CLO trades boost Lupus Alpha asset Management -
Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
6 years ago
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years -
Fees on the line as CLO investors fight back over ramp-up failings
6 years ago
CLO managers globally are being chastised for failing to deliver on their model portfolios. -
CLOs dodged recent loan defaults, according to Wells Fargo
6 years ago
CLO exposure to three recent US loan defaults has been minimal, according to Wells Fargo research -
Investing ethically is worth it
7 years ago
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe -
Dyal buys minority ownership stake in Sound Point
7 years ago
Dyal Capital has purchased a minority equity stake in credit manager Sound Point Capital Management -
Creditflux announces Manager Awards finalists
7 years ago
A total of 50 different credit fund managers have secured finalist positions at the prestigious Creditflux Manager Awards -
Heading tighter into uncertainty
7 years ago
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon
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