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Tikehau places €500 million sustainable bond as it plans high yield impact fund
28 days ago
Tikehau Capital has placed an inaugural sustainable bond that it says is the first of its kind for an asset manager -
10-day US CLO warehouses open up as managers split transactions
7 months ago
A report by Maples Group finds there have been several opportunistic US CLO warehouses that have launched since mid-June with durations as short as 10 days -
Fed settles one third of small business loans in latest talf funding round
8 months ago
Of the $453.2 million small business loans requested in the 21 July subscription, only $152 million settled -
Calpers plans $80 billion leverage play to boost returns
9 months ago
California Public Employees’ Retirement System has outlined plans to boost returns for its nearly $400 billion portfolio in the long term. But the proposal, dubbed ‘towards a 7% solution’, has come under criticism -
75% of US CLO warehouses 'avoided crisis situations', finds Maples
9 months ago
Just a quarter of US CLO warehouses administered by Maples Group were required to take remedial action, or seek amendments, since the start of the coronavirus pandemic, according to a report by the firm -
Investcorp targets most liquid loans for new European credit fund
10 months ago
Investcorp Credit Management is targeting “the largest and most liquid European issues” after raising €318 million for a levered credit fund that invests in European loans -
Past returns: Indirect lending
10 months ago
Five years ago in Creditflux we reported how banks were playing a role in European direct lending — an industry borne out of the fact that banks had reduced appetite for lending to small and mid-sized companies -
Non-bank lenders spot fund financing opportunities
10 months ago
Volatility arising from the coronavirus will give non-bank lenders an opportunity to gain market share from traditional lenders in the fund financing space, sources say -
Leverage providers focus on direct lending eligibility rules
1 year ago
Banks will have to re-examine eligibility criteria for leverage facilities extended to direct lenders, according to market sources. -
Asset managers pull all liquidity levers to satisfy borrowers
1 year ago
A paramount concern for many investors in direct lending funds is whether asset managers have enough liquidity to meet borrower requests for funding -
They said it: "Start writing the story about banks making margin calls to buyers of CLOs using repo!"
1 year ago
A reader comments on our 25 March report “US fund managers put on leveraged CLO triple A trade with a view to 13% returns”, pointing out that banks were pulling loan TRS lines, but still had the appetite to support leveraged CLO trades. -
Bank looks to unwind $632 million loan TRS
1 year ago
A US bank has looked to liquidate a total return swap vehicle by putting out a loan bwic, according to market sources, with the vehicle sized at $632 million -
Fed accepts triple A-rated CLOs in new 'primary dealer credit facility'
1 year ago
The US Federal Reserve Board will establish a primary dealer credit facility on Friday (20 March) to help defend against the impact of coronavirus-led market volatility -
Direct lenders seek flexibility as leverage facilities disperse
1 year ago
European direct lending funds are frequently taking on leverage, and with some of these facilities topping €1 billion, leverage providers are looking to syndicate their exposures among other banks. -
Saratoga picks up its second SBIC license
1 year ago
Saratoga Investment Corp has received approval for another Small Business Investment Company (SBIC) license -
BlueMountain buyout to bring CLO equity shift, funding pledge and Feldstein payout
1 year ago
BlueMountain Capital Management’s co-founder Andrew Feldstein looks set to receive a substantial pay-out in common shares of Assured Guaranty, which has agreed to buy the manager for around $160 million and has outlined a three-year plan for its CLOs -
Ares credit business grows 4.4%, driven by US direct lending
1 year ago
US and European direct lending, alternative credit and syndicated loan funds dove growth for Ares Management Corporation in the second quarter, the firm said -
Barclays' Ashiq: bank syndication deals for bigger leverage facilities are in scope [video]
2 years ago
Barclays' Zeshan Ashiq spoke with Creditflux' Dan Alderson after his panel at the Creditflux European Direct Lending Conference last week -
Paul Hastings' Minott: direct lenders can segregate levered sleeves to protect themselves [video]
2 years ago
Paul Hastings’ Diala Minott spoke with Creditflux’ Michelle D’souza after her panel at the Creditflux European Direct Lending conference last week -
Portfolio financiers thrive as private equity funds fret
2 years ago
Funds that lend to private equity vehicles showed their worth in the fourth quarter as valuations across credit and equity took a hit -
Unlevered direct lending funds bring in first-time investors
2 years ago
Unlevered direct lending funds are particularly appealing to first-time investors and one of the biggest managers in the business has taken note of this -
Bain BDC wins leverage approval from shareholders
2 years ago
Bain Capital Speciality Finance has won shareholder approval to double the amount of leverage it can use -
Golub Capital BDC looks to become fourth largest publicy traded BDC with merger
2 years ago
Golub Capital is seeking approval from its shareholders to merge its Golub Capital business development company (GBDC) with another one of its business development companies, Golub Capital Investment Corporation (GCIC) -
Crestline holds $600 million final close for PE-focused financing fund
2 years ago
The new fund will provide financing to private equity funds post their investment period, allowing them to provide follow-on growth capital to portfolio companies or additional liquidity -
Shareholders approve new leverage limits for TPG BDC
2 years ago
Shareholders for TPG Speciality Lending have approved the decision to decrease minimum asset coverage ratio to 150%, following an 8 October vote
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