22 results found Showing page 1 of 1
- Direct lending (9)
- Emerging markets (2)
- High yield bonds (3)
- Investment grade credit (2)
- Structured credit (5)
- CLO (11)
- Distressed debt (2)
- Credit derivatives (6)
- Leveraged loans (9)
- Marketplace lending (2)
- Real assets (2)
CLO warehouses trigger draw stops as loan market tanks1 day ago
CLO warehouses are being put on ice due to ‘draw stop’ triggers, which have come into play as loan prices plunge.
High yield index widening drives equity tranche trades1 day ago
The blow-out in corporate credit spreads is creating opportunities in the index tranche market.
Structured credit dragged very wide — but CLOs stand to gain1 day ago
Senior tranches of securitisations widened 220% in less than a month as the coronavirus pandemic has meant an increase in systemic risk — a sharp turnaround from the past few months when idiosyncratic risks were being cited as the main concern for structured credit investors.
Past returns: A new secondary market for CLOs1 day ago
Ten years ago we reported on the recovery of CLO triple As in the secondary market.
Asset managers pull all liquidity levers to satisfy borrowers1 day ago
A paramount concern for many investors in direct lending funds is whether asset managers have enough liquidity to meet borrower requests for funding
You wait 12 years for loan dislocation and $1 trillion comes along all at once1 day ago
The waiting is over — distressed debt managers have the best entry point in about a dozen years as the S&P/LSTA Leveraged Loan Index plunged to 80 in just two weeks.
CDS show the way as prices move and volumes surge1 day ago
CDS volumes provide an eye-opening view of how the asset class has grown in prominence during the coronavirus pandemic, with index trading near doubling year-to-date on 2019, even as secondary bond markets hit lockdown.
Short-dated CSOs touted as jump-to-default risk hits curves1 day ago
The coronavirus outbreak has all but vanquished hopes of any regular CSO business getting done, but sources say bespoke portfolios of short-dated CDS could soon be in the offing as investors look to express a view on when the crisis will end.
Investors watch Libor amid inter-bank liquidity concerns1 day ago
After a freefall to 74 basis points on 12 March, CLO managers found some relief in watching Libor rise to 120bp during the second part of the month.
The opportunities to build par and spread within a CLO haven’t been this plentiful since 20091 day ago
Last year’s CLOs could become the benchmark for manager performance
- Mergers, declines in assets and changes in risk profile can signal that an investment manager is not as healthy as it was
We’ve got time to work this out1 day ago
You might think direct lenders are very exposed to economic downturns. But at the Creditflux-Debtwire event last month, managers said they felt they had a few months to rectify problems
- $7.8 billion of CLO collateral, split evenly between the US and Europe, is in the loans that have fallen fastest in the past month. But short term CLO pain will bring opportunities for building par1 day ago
CLOs at a glance: CLO primary market grinds to a halt1 day ago
A round-up of CLO performance
- A round-up of ucits fund performance1 day ago
- A round-up of fund performance1 day ago
Trade body asks US government to show it CARES about BDCs1 day ago
The US federal stimulus maintains existing regulations that exempt portfolio companies from accessing the stiumulus funds. The Institutional Limited Partners Association wants to change that
CVC listed credit fund 'pre-emptively' sheds covid-19 related positions16 days ago
CVC Credit has taken a conservative approach to addressing covid-19 volatility in its listed opportunistic credit fund, with the fund divesting several credit positions to manage risk
Fed accepts triple A-rated CLOs in new 'primary dealer credit facility'16 days 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
GP-led private debt secondaries "a month away" if covid-19 volatility hits cash flows16 days ago
Private debt secondary funds have seen uptick of limited partner-led opportunities as institutional investors and family offices dispose of fund level commitments to gain liquidity, sources say. And general partner-led secondaries focusing on the lower middle market could emerge shortly if volatility hits companies’ cash flows
CLO new issues shut down as market digests fiscal stimulus measures16 days ago
The CLO and loan pipelines have dried up as managers and investors shift their focus to trading, according to market sources
Time on side of direct lenders as private loans give relief against volatility17 days ago
Some credit fund managers have become myopic in an effort to absorb the impact of the market sell-off, rate changes, shortage of liquidity and the overarching consequences of the coronavirus pandemic. Mid-sized companies might be considered more vulnerable in such circumstances, but direct lenders are spared from any mark to market volatility
22 results found Showing page 1 of 1
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