Diameter prices fifth US CLO
Diameter Capital Partners returned to the primary CLO market yesterday with its first US CLO this year

Diameter closes second dislocation fund at $2.2 billion hard cap
Diameter Capital Partners has closed its second dislocation fund with $2.2 billion commitments

Rope-a-dope brings knock-out returns
Post-pandemic US and European CLOs delivered mid-teen equity returns in 2022, despite a barrage of weak macroeconomic news and what could have been a heavyweight Libor mismatch  

Diameter prices its largest CLO to date
Diameter Capital Partners on Thursday priced its largest CLO to date

What matters is what you do with it
CLO managers yearn for flexibility so they can take advantage when credit sells off. But it isn’t enough on its own: triple C-flex CLOs saw portfolios erode this year, while CBOs outperformed

CLO managers find safety and return potential in IG
An investment grade bond might not seem the most suitable candidate for a CLO portfolio, but managers are increasingly going up the capital structure as they brace for a recession.

Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms

Senior PM leaves Blackstone to join growing hedge fund
The capital formation head at Blackstone has parted ways with the firm to join another fund manager

Diameter moves into Europe with top credit trading hire
Diameter Capital is expanding in Europe with a big sell-side hire

CLOs at a glance
A listing of CLOs that have priced in the last month

New issue brings Diameter's CLOs under management above CBOs for first time
Diameter Capital's regular-way CLOs under management overtook its issuance numbers for bond-flex CLOs on Friday

CLO pipeline: deals come in two by two hurrah! hurrah!
It is raining CLOs in February and some issuers are preparing for the deluge by printing deals at the double

Diameter circles back quickly to produce second CLO
Diameter Capital has followed up its debut CLO in late June by pricing a follow-up in quick fashion.

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

Diameter takes bite out of CLO pie with debut deal
Bond-flex CLO issuer Diameter Capital has made the move to traditional CLOs by pricing Diameter Capital CLO I yesterday via JP Morgan. This comes shortly after reports Apollo Global Management and Corbin Capital would provide seed capital towards this venture

Diameter to round out business with move into CLOs as it wins Apollo and Corbin support
Apollo Global Management and Corbin Capital are among the investors to provide the bond-flex CLO manager with equity seed capital to launch a new regular-way CLO business

Senior bond-flex CLO tranches are 'cheapest bonds within securitised products': BofA
Triple A-rated notes of bond-flex CLOs are 'one of the cheapest bonds within securitised products', according to a new research paper by Bank of America

Five year structures back in vogue as Diameter prices bond flex CLO
Diameter Capital Partners has priced the third five-year CLO structure amid the coronavirus pandemic, after teaming with GreensLedge to issue its latest CBO named Diameter Credit Funding III,

Structured credit investor joins Diameter in New York
Diameter Capital Partners has hired a partner from structured credit hedge fund specialist Prophet Capital Asset Management

Global CLO b-wic round-up: spreads tighten across the board as bond-flex CLOs trade well
Price levels have tightened and, more importantly, stabilised across the secondary CLO market over the last two weeks, but the Easter break led to a drop off in CLO b-wic supply

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

Diameter circles back to CBO market with its second transaction
Diameter Capital Partners yesterday priced its second CBO, just five months after issuing its first, according to market sources

Correction: US CLO round-up: newcomers make waves in CBOs and mid market
The CLO market is showing little sign of constraint as three new names entered the market last week – two debut middle market deals priced while one US CBO closed

Diameter becomes first firm to jump into CBOs without taking a step in CLOs
Diameter Capital Partners has joined the small group of firms who manage CBOs, it has emerged