RR ABS issuance continues as AB prices new deal
ABPCI has become the latest manager to price a recurring revenue 2024 ABS deal, a securitization of loans to high growth tech companies which sits somewhere between CLOs and ABS

2017 vintage CLO gets second refi
Sculptor has undertaken a second partial refinancing of its 2017-vintage OZLM XVII via Santander

CIFC reworks 2017 BSL CLO
CIFC became the latest manager to rework a 2017-vintage US BSL deal on Tuesday, pricing a reset of CIFC Funding 2017-III

CLO equity index shows 22% return last year
Data for the fourth quarter of 2023 is now available for the Flat Rock CLO Equity Returns Index, confirming the exceptional performance of US CLO equity last year

Voya knocks 64bps off triple-As in reset of 2022 vintage
Voya Alternative Asset Management reset Voya CLO 2022-4 yesterday, tightening the spread for the triple-As by a full 64bps

2019 vintage CSAM CLO gets reset
Credit Suisse Asset Management has continued its punchy start to the year, pricing its seventh deal of 2024 on Friday in the form of a 2019-vintage US reset

US CLOs get welcome boost as major name returns to single B
CLO mangers received a welcome boost last week after S&P Global Ratings upgraded an arts and craft retailer rating to B- from CCC+- on Friday, citing “significant improvement” in operating margin and cash generation.

Axa refis 2018 vintage US CLO
The start of the week saw Axa Investment Managers price its first deal since October, with a partial refi of its Allegro CLO IX deal

Barrow Hanley returns with third BSL CLO
The third US BSL CLO from 2023 market debutant Barrow Hanley Asset Management priced at the end of last week 

185bps settles in as MM CLO benchmark as Cerberus prices
Specialist middle market manager Cerberus added a second new issue to its 2024 roster on Friday, arranged by GreensLedge

BlackRock keeps up issuance with new middle market CLO
In a flurry of activity, BlackRock followed its Magnetite XVII reset last Tuesday with a new middle market CLO deal the following Wednesday, just outside the tightest such deal recorded so far this year

Schroders Capital adds two senior members to private debt and credit alternatives platform
Schroders has made two senior-level hires following last fall's consolidation of its debt and alternative credit strategies onto a single platform

Texas pension system commits USD 100m to direct lending
The Texas County & District Retirement System recently allocated USD 100m to a direct lending fund at its 1 April meeting

Second CLO with a large loan format tranche prices in as many days
Trinitas Capital on Friday priced Trinitas CLO XXVIII, a new BSL CLO with a USD 128.5m triple-A loan tranche

Apogem resets 2018 vintage MM CLO
Apogem Capital, the alternative investment vehicle owned by New York Life, has reset MCF CLO VIII, a middle market CLO

2020 CLO gets a reset and a big upsize
AGL Credit Management has priced a reset of AGL CLO 9, a 2020 BSL CLO, with a USD 123m upsize in the debt tranches 

Marathon goes the distance to bring new US BSL CLO
Marathon Asset Management yesterday followed up last month’s 2019-vintage US refi with a new US BSL CLO, Bryant Park Funding 2024-3

Neuberger Berman prints second-ever lightly syndicated loans CLO
Neuberger Berman, working with BofA as the arranger, has priced the second CLO in the history of the industry backed by lightly syndicated loans

KKR resets 2020 vintage US CLO
KKR on Thursday reset its 2020 vintage KKR CLO 32, with Bank of America acting as the arranger of the deal.

IACPM survey finds credit PMs still gloomy, but less so than last quarter
Respondents to the latest IACPM Credit Outlook Survey are still negative about future credit conditions, but less so than in previous surveys

Obra launches two new structured credit ETFs
Obra Capital joined the ETF market yesterday, announced the listing of two new ETFs, both with heavy CLO allocations

Blue Torch closes USD 2.3bn private credit fund
New York-based middle market lender Blue Torch Capital has closed its Blue Torch Credit Opportunities Fund III

RBC arranges two new US deals part two - Wind River 2024-1 CLO
First Eagle yesterday priced its first new-issue deal in 13 months in the form of Wind River 2024-1, a US CLO arranged by RBC

RBC arranges two new US deals part one - Octagon 63
Octagon Credit Investors has priced its second new CLO of the year – and its fifth deal overall in 2024

Muzinich makes it four as US CLO business continues to grow
Muzinich priced its fourth CLO since its debut as a manager in 2022 earlier this week, according to market sources, with Citi acting as sole arranger