Asset manager takes new approach with special sits fund as co-head leaves11 days ago
A large global asset manager is looking to allocate to junior debt in performing comapnies after parting ways with the co-head of its special situations business
BlackRock hires former KKR official to head European private capital markets12 days ago
A leveraged finance veteran has joined BlackRock as European head of the firm’s private capital markets business in London, according to an internal memo seen by Creditflux
KKR beats CIFC's European CLO benchmark one day later1 month ago
KKR Credit brought new issue CLO Avoca XXI via Bank of America last night and in doing so, set a new triple A spread benchmark for European CLO managers of 89bp and a cost of debt of 164.5bp
KKR closes $1.3 billion global impact fund1 month ago
KKR has made a final close of its KKR Global Impact Fund SCSp at $1.3 billion
US CRE CLO growth spurt encourages Europeans1 month ago
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.
CLO pipeline: Medalist ascends podium as new issues pace themselves2 months ago
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
Global CLO b-wic round-up: Junior mezz covers return while triple A supply drives big week4 months ago
Narrowing of the bid-ask gap that has plagued junior mezzanine tranches could bring a change of fortunes in the US CLO secondary market
Euro CLO league tables: refi market opens up to give KKR best of both worlds4 months ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing
KKR bucks trend to refinance older vintage CLO from 20144 months ago
KKR Credit partially refinanced its 2014 vintage European CLO named Avoca CLO XI yesterday, according to market sources
Kroll fires back at ‘factual errors’ in WSJ CLO rating report5 months ago
Kroll Bond Rating Agency has hit back at the Wall Street Journal article that suggested the firm gives higher ratings to CLOs than its competitors
Euro CLO league tables: repricings take centre stage in bumper month as CVC leaps into first5 months ago
The European CLO market returned with a bang in September as €4.8 billion of issuance priced of which €2.7 billion was in repricings.
KKR bolsters global impact team5 months ago
Investment firm KKR has appointed two senior professionals within its global impact team, as it looks to strengthen its geographic reach and local impact
PE firms take hands-on approach to syndication5 months ago
European private equity firms are building out their debt capital market capabilities in a move which could radically improve information flow.
Euro CLO round-up: debt investors own the floor as tempo picks up6 months ago
It was one of those rare weeks in Europe when volumes surpassed the much larger US CLO market and, to cap it all off, spreads made a big jump tighter.
KKR resets 2016 euro CLO as triple A spreads drop back into double figures6 months ago
Triple A spreads tightened for the second consecutive day in Europe yesterday as KKR reset its 2016 CLO Avoca XVII
ICG adds managing director to DACH subordinated debt and equity team6 months ago
The new hire will be based in Frankfurt and adds to others the firm has made this year in the region
CLO pipeline: Carlyle and KKR plan swift re-entries7 months ago
Carlyle Group and KKR are included in the CLO pipeline this week as both managers have started marketing their latest transactions as the US CLO pipeline begins to look full after a quiet week
- A key CLO triple A investor dropped back from the market in the second quarter of 2019, but, remarkably, CLO spreads tightened as repricings came back and other investors drove demand7 months ago
Credit plays a big part as KKR increases AUM by $6.5 billion7 months ago
KKR grew its assets under management by 8% over the second quarter, according to the firm’s earnings call, which took place on Thursday.
CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out9 months ago
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.
Euro CLO round-up: a tale of two extremes11 months ago
It as the longest (dated) of CLOs, it was the shortest-dated of CLOs
KKR prices Europe's most leveraged new issue 2.0 CLO1 year ago
Leverage has steadily risen in the European CLO market – but today KKR Credit priced the most levered new issue deal on record
KKR markets new European CLO with triple As subject1 year ago
KKR Credit is looking to issue its first European CLO September
Former KKR pair resurface with new direct lending business1 year ago
KKR's former global co-head of mezzanine and European head of private credit has reunited with his former colleague to launch a London-based direct lending business
European CLO equity in focus for secondary market with 50% trade rate1 year ago
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday
Want all the latest news, comment, analysis and data?