Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

CLO pipeline: 15 managers make a final push
15 US CLO managers are in the near term pipeline with just a few days before primary markets close for the holiday season. Among these, nine are aiming to price a new deal while the rest include a reissue, a reset and four refinancings.

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

Rockford Tower CLO fails to meet effective date requirements
A 2019 CLO managed by Rockford Tower Capital Management has failed to meet requirements relating to its effective date on 22 June due to breaching its Moody's weighted average rating factor test

Refis back in the money as Citi brings two 2017 vintage US CLOs
The CLO refinancing market has reawoken, with Citi yesterday pricing two refis of 2017 vintage deals for DoubleLine and Rockford Tower

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