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CLO managers get dusters out for ‘clean-up’ issuance
1 year ago
As leveraged loan prices recovered some of their value through November, a number of CLO issuers took the opportunity to term out underwater warehouses -
Leveraged loan issuance unlikely to return in force until late 2023, conference hears
1 year ago
The leveraged loan primary issuance pipeline is headed for an elongated pause and primary loan activity is unlikely to return dramatically until late in 2023, attendees at IMN's ABS East conference in Miami heard on Monday -
RBC loan sales official joins Pretium as CLO PM
1 year ago
Pretium has hired Christina O'Hearn as managing director and portfolio manager in its leveraged loan and CLO business -
CLOs at a glance (January 2022)
2 years ago
A listing of CLOs that have priced in the last month -
Carlyle and Pretium opt for short reinvestment periods on new US CLOs
2 years ago
Carlyle Group and Pretium each opted for a short reinvestment period as they printed new CLOs on Friday -
JP Morgan arranges $1.5 billion of CLO resets for three managers
2 years ago
JP Morgan has arranged a cumulative $1.5 billion of CLO resets by printing deals for Allstate Investment Management Company, Pretium Partners and Orix Advisers -
Pretium opts to downsize equity in post-covid CLO reset
2 years ago
Pretium Partners reset its 2020 CLO Crown Point 9 on Wednesday, opting to downsize the deal's equity tranche in the process -
The Last Tranche with Pretium's Goss: airlines are barometer for reopening trade
In this episode of The Last Tranche, Pretium's Roberta Goss and Creditflux's Hugh Minch discuss how the effects of the vaccine rollout and economic reopening are showing in the loan market. -
Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
2 years ago
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources -
US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
2 years ago
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling -
Pretium becomes 86th manager to issue a CLO in 2021
2 years ago
Pretium Partners priced its first new CLO in almost 12 months on Thursday, becoming the 86th manager to print a new issue deal globally in 2021 -
CLO pipeline: US market on track for June boom
2 years ago
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June -
Ex-Pretium analyst steps up to senior PM as Schroders expands in US CLOs
3 years ago
Schroders says it has hired an experienced CLO analyst to serve as senior portfolio manager -
Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
3 years ago
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers -
Pretium returns to CLO primary market after 10 months
3 years ago
Pretium Partners has priced its first new issue CLO in 10 months, marking its return with a $302.45 million deal named Crown Point CLO 9 -
OC health check: failures lift above 100 as five more deals breach senior test
3 years ago
Another 116 CLOs have breached their overcollaterisation tests in the last week, according to the latest trustee reports on CLO-i. Out of this, five deals have failed OC tests for all classes – bringing the overall tally of deals that have breached senior OC tests to nine. -
Experienced CLO official departs Pretium after two years
3 years ago
A CLO and loan portfolio manager has departed Pretium Partners, according to market sources, just under two years after his arrival -
Pretium adds Pimco official as it expands business development with string of hires
3 years ago
Pretium Partners has made several hires to its business development and data teams including a new business development co-head from Pimco -
Global CLO b-wic round-up: triple A volumes hit nine-year highs, but equity valuations could be "single digits"
4 years ago
Over $2.5 billion of US CLO paper listed in b-wics in last week's manic trading, with a further €435 million of European CLO bonds also on sale. CLO buyers and sellers turned to the safest part of the capital structure – the triple A rated notes – and away from its most illiquid asset class, with no equity bonds listed in either market -
ESG pervades US CLOs but screening approach divided
4 years ago
Environmental, social and governance (ESG) investing is reshaping the US CLO market, with February bringing the first CLOs marketed that have explicit ESG-related investment criteria. -
Volatility wave brings index-linked CLO funds into play
4 years ago
Defensive positioning from loan managers has led to bifurcation in that market, but CLO fund managers are taking an attack-minded approach with ‘index-linked funds’. -
Pretium returns with first CLO of the year amid personnel changes
4 years ago
Pretium Credit Management yesterday returned to the CLO primary market with its first transaction of 2019 -
Pretium's D'Angelo to join Redding Ridge as he reunites with former Aladdin CLO PM
4 years ago
John D’Angelo has left Pretium Credit Management ahead of a move to the CLO management business established by Apollo Global Management in 2016, Redding Ridge Asset Management, according to Reuters -
CLO pipeline: CSAM and Octagon look to move further ahead of the chasing pack
4 years ago
The CLO pipeline in all three markets looks similar to last week with a reduction of only around $500 million in predicted new issue volumes in each of the US, European and mid market CLO spaces. But all three of these market segments look healthy with new issues and refinancings being favoured by managers -
CLO managers process Fusion bankruptcy implications
4 years ago
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy
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