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Geography Tags
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Japanese investors and ETFs bid up CLO triple As as US banks cool off
10 months ago
CLOs saw healthy demand from Japan in the first three months of the year, with Japan Post Bank and Norinchukin each increasing investments in the asset class. Japan Post’s CLO holdings stood at JPY2.3 trillion ($17.51 billion) as of 31 March, an increase of $550 million in the quarter and up 32.7% on the year prior. Nochu added $110 million to JPY6.4 trillion ($48.2 billion), or 13% of the bank’s investment portfolio. -
Uni of Michigan reveals $50 million CLO fund allocation
1 year ago
The Regents of the University of Michigan has revealed a $50 million allocation to a captive CLO equity fund -
New York lifts limit on pension alternatives to 35%
1 year ago
New York pensions have been granted the ability to elevate their alternative investment allocations from 25% to 35%. This comes after New York governor Kathy Hochul signed a bill on 23 December that lifts the “basket clause” -
Permira closes sixth CLO junior debt and equity fund
1 year ago
Permira Credit has closed its sixth European CLO junior debt and equity fund, Permira Sigma VI -
LDI funds prepare for return to CLOs and ABS early next year
1 year ago
Liability-driven investment (LDI) strategies that had to sell senior CLO tranches in droves could come back in for CLOs in the early part of 2023, sources say -
LP round up: 27 managers find the top corner with investor wins
1 year ago
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. -
Texas pension allocates $75 million to CLO fund
1 year ago
Texas County District & Retirement System has allocated to its third CLO fund in three years -
Structured credit gains focus from 75% of UK pensions: Aeon
1 year ago
Three quarters of UK pension schemes say they are increasingly focused on structured credit products -
Investors urged to look at CLO funds amid PE slowdown
1 year ago
Institutional investors are said to be eyeing CLOs and structured credit as they seek to calibrate duration risk and prepare for recession. In addition, year-to-date performance in private equity portfolios isn’t meeting pension funds’ tough returns targets -
LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
1 year ago
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end -
US insurers’ CLO exposure jumped 12% in 2021 amid widening investor base: NAIC
1 year ago
US insurers’ CLO exposure increased by around 12% to $216.3 billion in book / adjusted carrying value by the end of 2021, up from about $192.9 billion the year before, according to an annual report by the National Association of Insurance Commissioners -
US pension ups allocation to two CLO funds
1 year ago
Rhode Island State Investment Commission has upped allocations to two CLO funds it allocated $125 million each to the funds last summer -
LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
1 year ago
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus... -
Chicago pension seeks private credit manager
2 years ago
Direct lending, structured credit, distressed/special situations, specialty finance, and multi-strategy funds will be considered -
LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
2 years ago
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate -
US CLO fund wins $16 million from San Jose pension
2 years ago
The $5 billion pension awarded the allocation to a manager's fourth US CLO fund, having previously allocated to its second and third fund -
LP round up: two CLO funds win support as Cali pensions home in on private credit
2 years ago
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway -
Insurance capital charges may force CLOs to do the splits
2 years ago
The National Association of Insurance Commissioners’ (NAIC) long-awaited capital charges rejig is now in place, and it could result in life insurers changing their habits and CLO issuers splitting tranches -
LP round up: CLO fund included in whopping $13 billion of credit allocations in November
2 years ago
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund -
Axa IM launches multi-strat fund for pensions
2 years ago
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds -
LP round up: no Stoptober as investors allocate $5 billion to credit
2 years ago
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates -
BofA CLO trader departs after 16 years to join US pension giant
2 years ago
Former Bank of America CLO trader has left the bank after 16 years to move to the buy side -
US insurers' CLO exposure soared 23% by end of 2020, report finds
2 years ago
US insurers’ CLO exposure increased about 23% to $192.9 billion in book/adjusted carrying value by the end of 2020, according to an annual report by the National Association of Insurance Commissioners -
RBC hires ex-Citi structured credit sales head for alternatives push
2 years ago
RBC Capital Markets has hired Citi's former European structured credit sales head to lead its European alternatives and private capital solutions effort -
Manager targets $450 million for global CLO fund
2 years ago
A New York pension has backed the fund, which will invest in CLO debt and equity tranches and is said to have held a first close in Q1
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