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Citi anchors CLOs as it chases arranger mandates in Europe
8 days ago
Citigroup was once the dominant arranger in the European CLO market. Now, after years away from the top perch, the bank is angling to regain market share and its former leading status. -
Do defaults predict equity returns?
8 days ago
At first glance, recently redeemed European CLOs show some sort of correlation between final IRR and the number of defaults in their portfolio. But what other factors affect performance? -
Trinitas prices partial refi of 2020 vintage BSL CLO
11 days ago
Trinitas has refinanced four debt tranches of Trinitas CLO XIV, a US BSL CLO from 2020 -
Global Loan Highlights 1Q24: Don’t call it a comeback
1 month ago
Loan refinancing share hits historic high, but IG issuance stymies YoY global growth -
How many CLOs will be reset?
2 months ago
Tightening liability spreads aren’t just driving record new CLO issuance this year — they’re also triggering a wave of resets and refinancings in the US, especially for broadly syndicated CLOs -
Recruiters predict renewed private credit hiring spree
3 months ago
While job-hopping has become commonplace in the post-pandemic landscape, companies are expected to slow hiring in 2024. But some sectors are bucking the trend, including private credit. -
CLO rankings: 2023 turns out OK
3 months ago
Last year may not have seen records in the primary CLO market, but it was a very solid performer with a strong finish. -
CLO manager Accunia promotes Jacob Jensen
4 months ago
Copenhagen-based specialised asset manager Accunia Credit Management has promoted partner and Chief Business Officer Jacob Jensen to the role of Director, alongside the firm’s CEO Henrik Nordby Christensen -
European ABS and CLOs rally on Fed rates forecast
4 months ago
Trading activity in European ABS and CLOs was strong on Thursday (14 December) after the Federal Reserve signalled it would cut rates in 2024 -
Full-year 2023 European Leveraged Highlights
4 months ago
Debtwire has released the full-year 2023 European Leveraged Highlights, containing key trends in the leveraged loan and high-yield bond markets -
Fund performance
5 months ago
Q4 has kicked off with structured finance funds leading the way in the Creditflux league tables, as the category index reached 0.61%, and all but one fund made positive returns. -
European ABS and CLOs rally on Fed rates forecast
5 months ago
Trading activity in European ABS and CLOs was strong on Thursday after the Federal Reserve signalled it would cut rates in 2024 -
Blackstone to close multi-strategy fund after assets fell nearly 90%
5 months ago
Blackstone plans to shut down its Blackstone Diversified Multi-strategy Fund by the end of the year after assets within the fund declined by nearly 90% in the last four years -
Brookfield infra debt fund beats fundraise target
6 months ago
Brookfield Asset Management has held an above-target final close for its third infrastructure debt fund, in a sign of strong appetite for debt in contrast to tough fundraising conditions in infrastructure equity -
Structured finance secondary market quiets down as volatility intensifies
7 months ago
Secondary market activity in European structured finance was subdued this week, in the wake of further market volatility sparked by the Israel-Hamas war -
Man GLG returns to Europe with short-dated CLO
7 months ago
Man Group has returned to the European CLO market with the pricing of its first new deal since 2020 -
Hedge fund profit-taking prompts ABS sales as spreads soften in deteriorating macro conditions
7 months ago
More European ABS and CLO BWICs were on offer this week, as some hedge funds are selling their positions with a view to take early profits before the market widens further. -
In Europe, captive CLO equity funds are a boon to CLO managers and the wider economy
7 months ago
The envy is inevitable. But criticism of these structures is entirely misplaced -
European CLOs win out against US deals
7 months ago
Last month, our analysis explored the performance of US CLOs that were previously reset. We found that they delivered higher distributions than deals which weren’t reset, with the exception of the 2017 and 2018 vintages (Creditflux September 2023 — Do resets help CLOs perform better?). This article expands that analysis to the European market, and compares the performance of US BSL and EU CLO equity tranches. -
Coping with stress
7 months ago
After a long period of relatively stable European CLO documentation, 2023 has seen a number of innovations. Tom Davidson, Creditflux’s managing editor, sat down with S&P Global Ratings’ Sandeep Chana and Kos Vavelidis, a partner at DLA Piper, to discuss the trends. -
Primary market roars into life
7 months ago
The primary CLO market pickup that started in August continued strongly in September, both in Europe and the US. Although the overall direction was the same on both sides of the Atlantic, the type of activity was quite different. -
Fed members need to restore their credibility, which could translate into excessive tightening
8 months ago
Rising wages have boosted spending and GDP — but the party can’t last forever -
CLO round-up: blinded by the tights
9 months ago
Secondary CLO spreads continued to grind tighter this week and, at last, the primary market began to follow in both the US and Europe -
CLO round-up: secondary market rallies amid increased primary supply
9 months ago
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion -
European direct lender launches third fund
9 months ago
European asset manager Bridgepoint has closed its third direct lending fund, BDL III, with investable capital of over €3.4 billion according to a company announcement.
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