CLO manager M&A driven by search for talent and scale
Irradiant’s star investor Maji set to depart as firm is acquired

Irradiant’s star investor Maji set to depart as firm is acquired by Apollo’s Redding Ridge
EXCLUSIVE: Debdeep Maji, Irradiant's head of structured credit, leads its third-party CLO equity fund, to be replaced by Apollo’s head of CLO investing

Apollo’s Redding Ridge agrees to acquire Irradiant to become top 5 CLO manager
The deal will also see Irradiant Partners’s senior management team take up positions across Redding Ridge and Apollo

Irradiant substantially changes US CLO in reset of 2023 vintage deal
Irradiant Partners has reset a US CLO, via Nomura, adding extra tranches in the process

Irradiant resets US BSL CLO deal from Kayne Anderson era
Irradiant Partners has reset its Rad CLO 9, a US BSL deal that debuted in 2020 through the old Kayne Anderson platform, with Citi serving as arranger   

Irradiant prints new US CLO issue with triple-A notes at 129bps
Irradiant Partners, working with Mizuho as the arranger, printed a new US BSL-backed deal in which the top of the stack priced at SOFR plus 129bps.

Irradiant turns to 2019-vintage deal for latest US reset
Irradiant Partners priced a reset of a late 2019-vintage US BSL CLO, with significant tightening throughout the stack

Irradiant raises USD 219m for CLO investing
Irradiant Partners raised USD 219m from investors for a CLO Opportunities Fund 

Irradiant prints its fourth new US BSL of the year
Irradiant Partners has printed a USD 531.20 new BSL deal, RAD CLO 26, that is the eighth deal overall from the manager in 2024

US CLO from 2019 gets a glow up
Irradiant’s seventh deal of the year was a US BSL reset of a 2019-vintage transaction, Rad CLO 3

Irradiant and Nomura team up for tight US BSL CLO print
Nomura priced the latest CLO to emerge from Irradiant Partners on Thursday – a new issue US BSL offering

CIBC lights up market with new BSL CLO for West Coast manager
Irradiant Partners has become the latest manager to join the burgeoning raft of 2024 issuance with yesterday’s USD 400.73m Rad 23 CLO print

Irradiant launches new captive equity fund
Irradiant Partners closed its latest captive equity fund today, with the third vintage of the Irradiant CLO equity strategy bringing in USD 411m in commitments

Rad CLO franchise lives up to name with second deal this month
Irradiant Partners continued a busy year in CLO issuance with its latest offering, Rad CLO 22, which priced on Friday

Nomura prices another short-dated US CLO
Irradiant Partners became the latest manager to price a short dated deal on Thursday

CLO round-up: secondary market rallies amid increased primary supply
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion

Irradiant surpasses $1 billion of CLOs issued in 2023
Irradiant Partners passed $1 billion CLO issuance volumes for 2023 on Thursday after printing its third new issue

Former Oxford Funds CLO tranche investment head joins Irradiant
Irradiant Partners has made a senior hire to lead its CLO tranche investing team

Irradiant goes for three-year reinvestment period on new CLO
Irradiant Partners priced a new CLO on Thursday with a three-year reinvestment period

Uni of Michigan reveals $50 million CLO fund allocation
The Regents of the University of Michigan has revealed a $50 million allocation to a captive CLO equity fund

Natixis gets back to business with first CLO pricing following exodus
Natixis priced a new CLO for Irradiant Partners on Thursday in its first primary transaction following the sudden departure of four senior officials

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

San Bernardino pension commits $50 million to CLO fund as part of multi-credit strategic partnership
San Bernardino County Employees’ Retirement Association allocated $50 million to a CLO equity fund, as part of a roughly $240 million multi-credit strategic partnership with the manager

Texas pension allocates $75 million to CLO fund
Texas County District & Retirement System has allocated to its third CLO fund in three years