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Barings' CLO team partners with Citi for first CLO as partnership since 2016
1 month ago
Barings has teamed up with Citi to print a new CLO, marking the manager's first partnership with the largest CLO arranger for the first time in over four years -
OC health check: 41 CLOs heal their breaches
1 month ago
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates -
Elements work against CLO managers in Q3
2 months ago
CLO equity distributions fell in Q3 largely due to factors, such as Libor mismatches, that CLO managers can’t control. But these headwinds could turn in favour of managers in the near future -
Six European CLO managers switch to Ireland after Dutch tax hike
2 months ago
European CLO managers have been rapidly shifting their Netherlands-domiciled SPVs to Irish DAC vehicles, according to sources, including PGIM, Barings and Cairn -
European CLO managers switch legacy deals to originators ahead of Brexit deadline
2 months ago
A few European CLO managers are undertaking house keeping ahead of the end of the Brexit transition period in January, by switching the method by which their legacy CLOs comply with risk retention from sponsor to originator -
Credit fundraising: Dubai manager gets in on the act as direct lending takes off
2 months ago
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds -
Credit Rendezvous: sometimes you have to dive deep to find value
3 months ago
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts -
Barings promotes PM to lead European CLO unit
3 months ago
Barings has promoted two members of its European CLO management team, one of which becomes the new head of its European CLO management business -
Credit fundraising: managers build homes for real estate credit funds
3 months ago
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close -
Global CLO round-up: fresh start for five year deals as market reopens
3 months ago
The CLO market is still producing deals at a good pace, with $2.6 billion of global issuance last week. Four new issue deals priced in the US with Intermediate Capital Group and NYL Investors pricing their first transactions of the year while CVC Credit Partners made it two and Barings three in 2020 -
Barings prices second US CLO in a month
3 months ago
Barings has stepped up the pace of its US CLO issuance, pricing its second 2020 new issue yesterday less than one month after pricing its first -
Barings launches second North American direct lending fund
3 months ago
Barings has begun fundraising for its second North American-focused direct lending fund, three years after closing the firm’s inaugural strategy. -
Barings prints largest post-covid European CLO via Natixis
3 months ago
Barings priced the largest European post-covid CLO on Friday in a €452.8 million transaction named Barings Euro CLO 2020-1 -
LP round up: $5 billion flows to credit as private market allocations increase
3 months ago
Global institutional investors allocated nearly $5 billion to credit funds this week, according to documents seen by Creditflux -
Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
3 months ago
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund -
CLO pipeline: managers prepare to end quarter with a bang
3 months ago
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer -
OC health check: August reports slow torrent of fresh breaches to a trickle
3 months ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i -
Barings inks partnership with Mubadala for European mid-market platform
3 months ago
Barings has teamed up with Abu Dhabi state fund Mubadala Investment Company to launch a new European middle market origination platform named Barings Mubadala Enterprise -
LP round up: private credit drive gains momentum as Calpers backs Pimco
4 months ago
Private credit continues to be viewed as an attractive investment strategy for institutional investors, with four global allocators outlining new buckets, or increases to the asset class -
Barings brings CLO market tighter with first new issue of 2020
4 months ago
Barings has priced its first regular way new CLO of 2020, and pulled the market a little tighter in the process. The manager teamed up with JP Morgan to print the $350.05 million deal, named Barings CLO 2020-1 -
RBC arranges two US CLO tranche refis
4 months ago
Barings and PineBridge each priced their first US CLO transactions of 2020 after refinancing fixed rate tranches from 2018 vintage deals, according to market sources -
CLO pipeline: Allstate looks to end 15-month new issue absence
4 months ago
Allstate is among those managers looking to issue a CLO as the primary market heads into September, traditionally one of the busiest months in the new issue calendar -
Managers weigh up matters of principal
5 months ago
CLO managers that were able to avoid OC traps made double-digit equity distributions in Q2, despite the headwinds. But these firms tended not to be among those that built the most par -
OC health check: breaches start to take toll on July payment dates
5 months ago
37 CLOs reported an over-collateralisation test failure last week, but this was a falling percentage of those publishing trustee reports and none were fresh breaches -
Credit Rendezvous: record fiscal stimulus provides pick-me-up
6 months ago
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market
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