CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

FS bridges CLO gap with broadly syndicated loans
FS Investments has expanded its platform to include CLOs backed by broadly syndicated loans, with officials saying the firm capitalised on solid conditions late in 2020

FS Investment scored late entry in 2020 with debut BSL CLO
The world welcomed a new CLO manager in the final days of 2020 as FS Investments teamed up with JP Morgan to bring its first solo transaction to market

FS KKR resets 2019 CLO with single As the only tranche to tighten
FS Investments and KKR's business development company, FS KKR Capital Corp, has reset its sole CLO from 2019

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Fitch places five BDCs on negative outlook
Fitch Ratings has changed the outlooks of five business development companies from stable to negative folllowing a review of its rated BDCs

Mid Market CLO league tables: Middle market continues to draw fresh faces
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers.

FS and KKR create $9 billion publicly-listed BDC with four-way merger
The move would create the second largest BDC by assets under management

KKR and FS's BDC upsizes first mid-market CLO and prices
KKR and FS Investments’ business development company, FS KKR Capital Corp, yesterday priced its new issue CLO via Citi, according to market sources

CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.

KKR and FS Investments' BDC platform markets new issue CLO
KKR and FS Investments’ business development company, FS KKR Capital Corp, is marketing a new issue CLO via Citi named FS KKR MM CLO 1

FS hires ex-JP Morgan AM official to lead business development
FS Investments has appointed an experienced official to drive the firm’s growth

FS and KKR merge BDCs to create second-largest publicly traded BDC
FS Investments and KKR Credit yesterday agreed to merge FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT), in a move that has created the second largest publicly-traded BDC behind Ares Capital Corporation  

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

KKR and FS Investment close $18 billion BDC platform deal
New York-based KKR and Philadelphia-headquartered FS investments yesterday closed their deal to create the market's largest BDC platform

FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

FS and GSO end subadvisory partnership amid new launch plans for both
GSO Capital Partners has announced plans to launch an internal direct lending business and to stop subadvising FS Investments’ funds, while FS has agreed to form new partnerships with KKR and EIG Global Energy Partners to manage FS's BDC platform

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

FS unveils new closed-end credit fund that can invests in CLOs
FS Investments has launched a new closed-end credit interval fund offering five share classes

FS hires ex-Guggenheim CMBS chief to run new real estate debt strategy
FS Investments has appointed a real estate investment chief to help run its new reit, the company announced today

FS Investments partners with real estate specialist for new credit fund
FS Investments, formerly known as Franklin Square, has raised $3.9 million for its new reit

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings