Euro CLO league tables: new issues shatter 2018’s record but total issuance falls1 month ago
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers
PineBridge launches first commingled direct lending fund1 month ago
Two years after launching its private credit platform, PineBridge Investments closed its inaugural direct lending fund at $396 million, plus a $200 million leverage facility
US pension backs two private debt managers, but retreats from syndicated loans1 month ago
San Antonio Fire & Police Pension Fund ended 2019 bullish on private debt but shying away from syndicated loans
Arizona pension to deploy up to $700 million a year in private credit3 months ago
Arizona Public Safety Employee System is looking to deploy $600-700 million in private credit strategies per year in order to meet its target allocation, according to board documents seen by Creditflux.
Beyond blacklists: the next step in ESG4 months ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
Euro CLO league tables: back to earth in tandem as issuance nosedives5 months ago
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced
CLO pipeline: refis can't wait till after summer6 months ago
The CLO market in both the US and Europe looks to be slowing down in the near future with only two deals added to the running pipeline.
THL anchor CLO equity seeks purchase in secondary market6 months ago
Up for auction later today is the 15th controlling stake in a US CLO this year, with nine of the previous 14 having failed to trade
PineBridge refi shows steep term curve in European CLO market6 months ago
PineBridge Investments has refinanced its 2016 vintage CLO named Euro Galaxy V, according to market sources
The sky is not falling in on the CLO market, writes PineBridge8 months ago
CLO market participants are fighting against the perception that their strategy is the detonator to another nuclear financial crises. PineBridge Investments took aim this week at naysayers predicting doom, re-emphasising arguments made last month during Creditflux's CLO Symposium in London.
- Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack8 months ago
Capital raised for risk retention keeps struggling CLOs afloat9 months ago
In a bid to turn struggling warehouses into CLOs, managers are prepared to take losses on funds raised for risk retention in order to issue new deals.
Investors back multi-asset funds for high yield gains9 months ago
Multi-asset funds that include credit have become popular among institutional investors.
Euro CLO round-up: managers make equity work with innovative structures11 months ago
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work
114bp is Europe's syndicated triple A benchmark as Pinebridge prices new CLO11 months ago
114 basis points has been reinforced as the benchmark for syndicated CLO triple As in Europe with Pinebridge Investments becoming the fourth manager to issue at this level
European CLO equity in focus for secondary market with 50% trade rate1 year ago
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday
PineBridge builds US private credit fund1 year ago
PineBridge Investments has registered a new private credit fund - PineBridge Private Credit, according to US regulatory filings
PineBridge Investments has priced its fourth new issue CLO of the year via Barclays1 year ago
Goldman prices new issue US CLO for regular client1 year ago
A west coast manager issued its eighth CLO transaction of the year, with Goldman Sachs now having completed four of those
PineBridge prices CLO refi via Mizuho with unusual triple A debt structure1 year ago
PineBridge Investments teamed up with Mizuho to refinance 2016 CLO, Galaxy XXII, according to market sources
PineBridge prices CLO transaction with triple A step-up tranche1 year ago
PineBridge Investments has reissued its 2014 vintage CLO Galaxy XVII, renaming the deal Galaxy XXVIII in the process
PineBridge markets a $476.65 million CLO reissue1 year ago
PineBridge Investments is marketing its sixth CLO transaction of the year, according to market sources
PineBridge prices new issue CLO with just six months of reinvestment1 year ago
The manager issued a new CLO on Tuesday with just six months of reinvestment capability
Pinebridge shifts away from investment grade credit1 year ago
New York-based PineBridge Investments has reduced its investment grade credit allocation from 25% to 20% while increasing its appetite for emerging market credit
PineBridge reissues 2013 US CLO via Goldman1 year ago
The manager priced a $424.25 million CLO reissue yesterday
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