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Liquidations emerge as speed bump to $1 trillion CLO market
2 years ago
CLOs are now a $1 trillion global industry, but liquidations are picking up and could hamper growth — as well as providing welcome relief to an engine that’s running somewhat hot. CLOs are now a $1 trillion global industry, but liquidations are picking up and could hamper growth — as well as providing welcome relief to an engine that’s running somewhat hot. -
Sterling-heavy loan b-wic points to PGIM CLO
3 years ago
A £233 million-equivalent portfolio of bids wanted in competition (B-wic) on loans, comprising £177 million worth of sterling paper and €65 million of euro paper, is almost identical to collateral of PGIM’s Dryden 63 GBP CLO 2018 -
World's largest CLO set for downsize to $10.5 billion
3 years ago
The largest CLO in the world is being tweaked with a partial redemption and an extension of its reinvestment period -
Equity investors call time on CSAM bond-flex CLOs
3 years ago
Two of Credit Suisse Asset Management’s three bond-flex CLOs were called by their equity investors in October, according to notices seen by Creditflux, despite both deals being within their reinvestment periods -
Black Diamond CLO fails with buy back offer
3 years ago
Black Diamond CLO 2015-1’s offer to buy back senior notes has not gone through after the CLO’s class A1 and A2 investors did not submit any bonds -
Prophet closing hedge fund due to weak CLO liquidity
3 years ago
Prophet Capital is winding down its $500 million-plus CLO and structured credit hedge fund. The firm cites poor liquidity and uncertain valuations as the biggest factors behind its decision -
ArrowMark liquidates 2014 CLO after selling assets in February
3 years ago
ArrowMark Colorado Holdings has liquidated its CLO named Elevation CLO 2014-3 -
JP Morgan AM liquidates fund that made CLO warehouse investments
5 years ago
JP Morgan's Asset Management arm is liquidating the $1 billion Palm Lane Credit Opportunities Fund -
CLO manager ‘unable’ to find assets and returns cash
5 years ago
CLO management fees are linked to the size of each deal, so naturally managers will fight tooth and nail to keep their deal structures intact. But PGIM defied this logic last month -
Investors crystallise gains through liquidations
6 years ago
Refinancings and resets have dominated 2017, but CLO equity investors have found other ways to make strong returns -
CSAM scores rare double-digit final return for pre-crisis euro CLO
6 years ago
Credit Suisse Asset Management yesterday completed its first redemption of a European CLO, a rare deal that has made uninterrupted distributions to equity since before the crisis -
Loan b-wic suggests liquidation of 2007 European CLO
6 years ago
A loan portfolio circulating in the secondary market this week may represent the liquidation of a 2007 European CLO, based on analysis of its holdings -
Investors call time on Investcorp's 2006 European CLO
6 years ago
Investcorp Credit Management has redeemed the third European CLO the team launched when they were part of Mizuho in April 2006 -
Investors agree wind-up call for KKR euro CLO 1.0
6 years ago
Investors have approved a plan that will allow KKR Credit to wind down a poorly performing 2006 European CLO -
KKR Credit seeks investor wind-up vote for another euro CLO 1.0
6 years ago
KKR Credit has proposed to wind down a 2006 European CLO, according to an investor notice -
Vintage euro CLO scrabbles for pennies to stave off default
6 years ago
A 2005 vintage European CLO has sold the last of its assets, according to an investor notice sent out last week, but may not have sufficient proceeds to pay back all its debt -
Equity investors miss deadline to call 2007 euro CLO
6 years ago
Ares Management fails to secure equity approval to call well performing 2007 CLO -
Carlyle to redeem 2012 vintage CLO later this month
6 years ago
The Carlyle Group is preparing to redeem its 2012 vintage CLO, Carlyle GMS CLO 2012-2, later this month -
Investors redeem manager's legacy CLO for 22% final IRR
7 years ago
A US credit manager is down to one outstanding pre-crisis deal after redeeming a strongly-performing 2007 vintage CLO last week -
Apollo to liquidate last 1.0 CLO today with $67 million loan b-wic
7 years ago
Apollo Global Management is set to redeem its last outstanding 1.0 CLO via a loan b-wic later today, according to market sources -
Apollo to exit 1.0 era with a bang as it prepares CLO redemption
7 years ago
Apollo is preparing to redeem the last of its outstanding 1.0 CLOs
21 results found Showing page 1 of 1
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