AlbaCore launches debut senior direct lending fund with backing from ADIA, MUFG
EXCLUSIVE: The new fund, which already had a first close of USD 1.8bn, will fundraise throughout this year with final close planned for 2026

AlbaCore prices seventh CLO
The print comes 13 months after the manager’s last new issue

Napier Park loses CLO portfolio manager to established European rival
EXCLUSIVE: The CLO market has seen a number of portfolio managers changing seats in Europe

Portfolio manager moves to CIFC from AlbaCore
A London-based CLO PM has begun a new role in CIFC’s European credit team after five years at AlbaCore Capital

AlbaCore’s new hire Luke Gillam sees space for smaller private credit managers in Europe
Gillam, who started this week at AlbaCore as its new head of senior direct lending, spoke to us about the opportunities for smaller managers in European direct lending

AlbaCore tightens up with 2023-vintage Euro reset
AlbaCore lost no time in getting a reset done that slashed the spreads on its 2023 CLO, with the original 1.5Y non-call ending in mid-October

AlbaCore breaches 100-bps triple-A barrier with Euro CLO refi
AlbaCore Capital’s latest transaction has refinanced the European manager’s fourth deal, dating from 2022

AlbaCore expands with senior research hires
London-based AlbaCore Capital Group announced the expansion of its investment team last week, with the addition of a new Head of Research

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class

AlbaCore prepares investment grade and opportunistic CLO strategies with European focus
AlbaCore Capital Group is building out its CLO investment capabilities, with officials at the firm telling Creditflux about the launch of two new CLO strategies — one focused on investment grade CLO tranches and another with a more opportunistic CLO approach

AlbaCore prints 20th new issue Euro CLO of 2023
AlbaCore Capital priced its fifth European CLO this afternoon, named AlbaCore European CLO V

AlbaCore and Anchorage market European CLOs
AlbaCore Capital and Anchorage Group are the latest managers to brave the new issue European CLO market amid market volatility

First Sentier buys majority stake in credit firm AlbaCore
First Sentier Investors has bought a majority stake in European credit specialist AlbaCore Capital Group, the firms announced today, after identifying alternative credit as a ‘strategically important space’

AlbaCore promotes two employees to partner
AlbaCore Capital Group has promoted investor relations specialist Zeynep Tumer Bayazid and deputy chief operating officer Micaela Kelley to partner

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

AlbaCore eyes reinvestment as it closes €2.4 billion private credit fund
AlbaCore Capital has held a final closed on a fund that specialises in private European credit investments

The Last Tranche with AlbaCore's Cohen Malka: The UK gilts crisis showed the CLO market is more liquid than people thought
In this episode of The Last Tranche, Deborah Cohen Malka, partner and portfolio manager at AlbaCore Capital Group, discusses the performance and challenges facing the European CLO market

US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15%

Experienced CLO investor lands at AlbaCore to launch structured credit business
AlbaCore Capital is launching a new structured credit business as a "natural extension" of its CLO business, according to sources. The manager has hired an Alcentra official to lead the charge

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

CLOs at a glance (April 2022)
A listing of CLOs that have priced in the last month  

Euro CLO league tables: Jefferies takes huge lead as managers bunch up
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February