Creditflux

Junior spreads tighten as Rockford Tower prices new European CLO
Rockford Tower Capital Management, the CLO management arm of King Street Capital Management, yesterday priced a €408.48 million new issue CLO via Citi

Rockford Tower set to join group of ESG European CLO managers
Rockford Tower Capital Management is set to join the group of European managers to issue environmental, social and governance (ESG) complaint CLOs, according to market sources

Rockford Tower and JP Morgan team to price new CLO
Rockford Tower Capital Management priced its second new issue US CLO this year, Rockford Tower CLO 2019-2, according to market sources

Alaska pension commits $545 million to seven credit funds
Alaska Permanent Fund Corporation has earmarked $545 million to funds across the credit spectrum across Q2, according to 27 February board documentation

King Street returns to US CLO primary market after six month pause
The CLO management arm of King Street Capital Management, Rockford Tower Capital Management has priced its first US CLO in six months named Rockford Tower CLO 2019-1

King Street markets new US CLO via Morgan Stanley
Rockford Tower Capital Management, the CLO management arm of King Street Capital Management, is marketing its seventh new issue CLO via Morgan Stanley

Euro CLO league tables: Rockford Tower debuts to take manager list up to 41
European CLO volumes picked up in October as €2.4 billion of new issue paper priced, taking up 62.2% of overall volumes as repricings took a back seat.

Rockford Tower fortifies global CLO business with first European deal
Rockford Tower Capital Management has expanded its global reach by pricing its inaugural European CLO

Europe's CLO industry to welcome a new manager as King Street markets debut deal
Rockford Tower Capital Management is marketing its first ever European CLO

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

King Street loses out as European loan specialist has change of heart
Market sources say that King Street Capital Management came tantalisingly close to bringing in a senior official to help establish its European CLO business

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

Rockford Tower climbes even higher with new $504.6 million CLO
Rockford Tower, the risk retention platform affiliated with King Street Capital Management, has issued its first new CLO of the year

B-wic round up: investor flips 2018 CLOs without waiting for the closing date
Flipping CLOs is not an unusual trade. But it is when it's done before a transaction has even closed

King Street's Euro CLO plans gain momentum as it hands mandate to bank
Market sources say King Street Capital Management has appointed a large investment bank to arrange it debut European CLO

Upstart manager brings CLO AUM over $1.5 billion with new deal
The manager priced its third new CLO yesterday in a $505.25 million deal arranged by Bank of America Merrill Lynch

US CLO debutant to make spectacular move into European CLOs
A fund manager that priced its first US CLO just months ago has started working on its debut European CLO

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds

$21 billion credit hedge fund hits the US CLO road running
A New York-based hedge fund manager shows that firms with risk retention funds in place have the capacity to make a big impact in the market

King Street becomes first debut US CLO manager of the year
Hedge fund manager King Street Capital Management has debuted as a CLO manager with the firm pricing a $507 million deal

Fund-of-hedge fund manager redeems from King Street
A fund-of-hedge fund operator is pulling its money from King Street as it tweaks its portfolio balance away from credit and towards global macro opportunities