Creditflux

CLO tranche investor leaves Carlyle after 12 years
The New York-based co-head of global structured credit has parted ways with Carlyle, sources say. The firm is understood to have appointed a replacement in London

Azimut hires ex-Dyal official as it aims to buy minority equity in asset managers
Azimut will initially focus on acquiring minority stakes in alternative asset managers with under $3 billion AUM – including private credit, private equity, infrastructure and real estate firms

LibreMax wins $200 million for structured credit managed account
The managed account will target 10 to 40 investments across a range of different strategies including CLOs, consumer, residential, commercial and regulatory capital.

Imperial appoints head of structured credit and special situations
Imperial Capital has appointed Mark Green as head of special situations and structured credit, according to an announcement by the firm

In private credit, we look to stay in senior structures with control

Inflows boost structured credit mutual funds
Low rates have seen loan mutual funds battle $42 billion of outflows this year, but structured credit funds have been able to grow while capitalising on this volatility, according to sources.

Fund performance
A round-up of fund performance click here.

Senior structured credit official leaves GoldenTree
A senior portfolio manager has parted ways with GoldenTree Asset Management, it has emerged

Wilmington Trust appoints head of structured finance in the UK
Wilmington Trust has appointed Alex Pashley as head of structured finance in the UK

Indiana pension hires ICG as it shakes up credit portfolios
Indiana Public Retirement System (INPRS) has shaken up its credit and fixed income allocation, either by committing to new funds, or by restructuring its portfolios, according to documents seen by Creditflux  

Highland LP’s bankruptcy could trigger power grab, as hunt for assets begins
Creditors to Highland Capital Management's limited partner subsidiary are calling for a change of management to handle the firm's emergence from bankruptcy protection

NNIP's private debt head moves to private equity job
The team leader for direct lending, loan portfolio financing and non-performing loan securitisations at NN Investment Partners has moved to a senior private equity job at AnaCap Financial Partners

For a while, it seemed like every private equity fund was launching a credit fund

Welshcake: It may seem a bit rich for Welshcake to tell staid CLO investors they need to be more sensible
Bespokes are the next big thing — and you’d be wise to get involved

ABS investors show increased interest in green securitisations to reach EU climate targets
Securitisation is being touted as a tool to help close the yearly investment gap of €180 billion needed to achieve the EU’s climate and energy targets by 2030, as identified in the European Commission’s sustainable finance action plan, which was published last year.

Veteran Ulmer targets array of private credit for new firm
Andrew Ulmer, who led the structured finance expansion at Brevan Howard, has resurfaced with his own asset management company, 1543 Capital, according to documents seen by Creditflux.

Fund performance
A round-up of fund performance

Ucits at a glance
A round-up of ucits fund performance

Credit funds at a glance
A round-up of fundraising and people moves in credit

The Last Tranche: managed CSOs and the benefit of CLO Euribor floors [podcast]
Managed CSOs are the talk of the town in the synthetic structured credit market, while CLO investors in Europe are putting a price on how much they value CLO Euribor floors  

BlueBay launches global leveraged finance fund
BlueBay Asset Management has launched a global leveraged finance fund that is able to allocate towards high yield bonds, leveraged loans, structured credit and investment grade assets

Axiom makes big name correlation hire for credit opportunity fund
Axiom Alternative Investments has boosted its platform with the hire of synthetic credit veteran as a portfolio manager

KKR adds CLO mezz and private credit to mix with opportunistic credit fund
The new interval fund will invest in opportunistic credit, including CLO mezzanine debt, as well as private debt