- Direct lending (72)
- Emerging markets (28)
- High yield bonds (110)
- Investment grade credit (32)
- Structured credit (50)
- CLO (188)
- Distressed debt (42)
- Credit derivatives (36)
- Leveraged loans (108)
- Marketplace lending (8)
- Real assets (21)
Enhanced CLOs are no more enhancing than run-of-the-mill distressed funds2 months ago
Triple C-heavy CLOs that try to time the market may be paying for options they never use
US CLOs thrive as managers embrace secondary loan market2 months ago
Leveraged loan issuance is supposed to feed and keep CLOs healthy, but a 62% slowdown in US loan volumes this year was accompanied by average CLO equity distributions ticking 19% higher.
Ellington finds Ucits success with mix of structured and synthetic2 months ago
Fund managers are finding ample liquidity in the structured and synthetic credit market and this is helping them outperform in the Ucits fund universe.
Sound Point swaps evergreen fund for drawdown2 months ago
Sound Point Capital Management is dropping its evergreen distressed debt fund in favour of a vehicle that will employ a drawdown structure, as is customary for distressed strategies.
Considering the variables over the life of a CLO, a drop in Libor is a relatively modest risk2 months ago
Changes in Libor do not have a major impact on CLO equity cash flows or equity yields
- A round-up of fund performance2 months ago
- A round-up of ucits fund performance2 months ago
- A round-up of fundraising and people moves in credit2 months ago
CLOs at a glance2 months ago
A round-up of CLO performance
Philadelphia Energy bankruptcy tars nine CLO managers with $241 million exposure2 months ago
The Philadelphia-headquartered company has entered into bankruptcy protection for a second time, having only emerged from its first filing in August
Credit plays a big part as KKR increases AUM by $6.5 billion2 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.
NEPC flags caution on leveraged loans and private credit2 months ago
Private credit does not provide enough returns for the risk, according to the advisor to institutional investors
Creditflux and Debtwire unveil second European Direct Lending Perspectives report2 months ago
Creditflux and its Acuris stablemate Debtwire have joined forces to produce their second European Direct Lending Perspectives, a report that sheds light on the biggest trends from Q1
GSO adds $10 billion to inflows with direct lending, structured credit and energy3 months ago
Blackstone grew its credit assets under management to $139.3 billion, up 13% on a year ago, according to the firm's second quarter earnings release
Clover Tech cov-lite loan blots CLOs after spilling a third of its value3 months ago
The past week’s biggest declining loan by some way, for printing cartridge maker Clover Technologies (aka 4L Technology), is a worry for CLO portfolios as some 21 managers hold the name, according to CLO-i
CLO investor looks to offload US and European anchor equity positions3 months ago
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer
Another 2008 would leave IG CLOs without losses but default rates will climb, says BofE3 months ago
CLOs will see greater losses in a downturn than they did in the last financial crisis, according to the Bank of England’s Financial Stability Report
Calpers misses returns target despite fixed income outperformance3 months ago
California Public Employees' Retirement System (Calpers) has missed its annual investment target despite strong performance from its fixed income portfolio, which was its top performer
Raven asset-based fund gets nod from San Joaquin pension for an extension3 months ago
The San Joaquin County Employees’ Retirement Association approved an extension of its $50 million investment with Raven Asset Management to June 2020
Tourists have turned high yield into a sketchier neighbourhood… IG credit could be the answer3 months ago
Using CDS to exploit roll-down in IG credit can generate good returns even in a low-rate environment
- At Creditflux’s Credit Dimensions event in New York, structured credit investors were told how synthetic CDOs fit neatly alongside CLOs, and there is no need to pick one over the other3 months ago
Upper mid-market yields value on price and leverage3 months ago
Direct lenders are getting access to greater deal flow in the upper middle-market with private equity sponsors leaning towards private credit after a torrid end to last year in the broadly syndicated loan market.
- Some CSO tranches may off er better returns and provide exposure to higher-rated credit than similar tranches of CLOs. Also, the CSO term curve is steeper and more stable than that of CLOs3 months ago
Direct lenders pin hopes on ESG as risk management tool3 months ago
Strategies geared towards environmental, social and governance (ESG) may have originally been popularised at the behest of pension funds seeking responsible investments, but there are growing hopes that incorporating ESG will help fund managers outperform in a downturn.
- A round-up of CLO performance3 months ago
Want all the latest news, comment, analysis and data?