Anchor equity in 2018 CLO reissue fails to trade in secondary market
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux

Owl Rock hires ex-Credit Suisse official to New York team
The middle market lender has hired Credit Suisse's former head of US high yield bridge finance 

South Carolina pension backs tech-focused BDC
South Carolina Retirement System Investment Commission (RSIC) has committed $100 million to Owl Rock Technology Finance Corporation, according to documents seen by Creditflux  

Principal Real Estate targets $1 billion for real estate debt fund
Its predecessor strategy launched in 2016 with a $875 million target size 

Highbridge refocuses on credit as it liquidates listed multi-strategy fund
Highbridge Capital Management has announced to investors in a multi-strategy fund that it is winding down the vehicle and refocusing its business exclusively towards credit

Florida-based manager revives plan for rare emerging markets CBO
RVX Asset Management has launched an unusual securitisation backed by emerging markets debt, according to market sources

CDX IG and iTraxx back to level pegging as oil and trade weigh heaviest
Credit markets, along with stocks, enter the week on a flattish tone with focus once again on the next developments between the US and China over trade tariffs. This follows European credit faring better than the US last week as the mood strengthened around Italian and UK risks, say strategists

US life insurers grew their CLO investments by 31% in 2018, finds Moody's
US life insurers held $79.4 billion in CLO exposure at the end of 2018, which is up 31% from the amount held at the end of 2017, according to a report by Moody’s Investor Service

It's a question of timing: US direct lending allocations hit a bump in the road
Recent disclosures from public pension funds point to a pull-back in private credit allocations

GSO generates $4.5 billion capital for energy-focused credit fund
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close

Carlyle scores 2019's tightest CLO triple A as it prints via BAML
Carlyle Group has priced the tightest triple A print in the US CLO market of 2019, according to market sources

Two structured finance partners join Clifford Chance in New York
Two structured finance partners have joined Clifford Chance’s structured finance practice in New York, according to a statement from the law firm

US and European investors score new allocations to triple A CLOs as managers 'de-Nochu'
US and European investors in triple A-rated CLOs are in good spirits as the world’s largest buyer of these notes pulls back from investing

Arizona pension bullish on private credit after beating benchmark
Credit returns have bolstered performance for Arizona State Retirement System – and the pension fund remains bullish on future allocations to private debt

Los Angeles pension fund to shortlist illiquid credit managers
Los Angeles County Employees Retirement Association (LACERA) is set to select semi-finalists for an $500 million illiquid credit mandate by July  

Private debt should alleviate the next downturn, says Paul Hastings
Private debt should soften the next downturn and not exacerbate it, according to a note published by law firm Paul Hastings

PSP's private debt portfolio generates 9.2% return
Public Sector Pension Investment Board (PSP) has generated a 9.2% one-year rate of return of its private debt portfolio, exceeding its 5.7% benchmark, 

US pension replaces Cliffwater with Meketa
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.  

Balbec hires senior official to lead European business
Balbec Capital has appointed Vasanth Raj as managing director to lead the its European asset management business

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.

CLO managers process Fusion bankruptcy implications
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy 

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates

Louisiana pension retains Hamilton Lane and plans private debt commitments
The $20 billion Teachers' Retirement System of Louisiana (TRSL) board has voted to retain Hamilton Lane as its private markets manager to oversee its private debt and private equity portfolios. 

Loomis Sayles puts together Asia bond fund
Loomis Sayles has added to its credit offering with the launch of its new Asia Bond Plus strategy