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US and European control CLO positions land in secondary market
3 years ago
The first control equity positions of 2021 for the European and US CLO markets were listed in the secondary market on Thursday -
Managers brave covid-hit sectors to drum up returns
3 years ago
Price dislocations among companies operating in industries affected by covid-19 mean they may offer some of the best opportunities for CLO managers and CSO investors — and sources say that neglecting these sectors could hurt performance -
RBC arranges two US CLO tranche refis
3 years ago
Barings and PineBridge each priced their first US CLO transactions of 2020 after refinancing fixed rate tranches from 2018 vintage deals, according to market sources -
Trading places: it can pay to bet on the little guy
3 years ago
It’s assumed investors know how good a CLO manager is by the rate at which they trade their way through a crisis. But this time fi ve small, nimble managers are outperforming the market -
It’s all going to plan
3 years ago
Whether managers are relaxed because they can make up losses later, or are putting more money into their deals, panellists on the Creditflux West webinar weren’t panicking about OC breaches -
Global CLO b-wic round-up: US triple Bs edge wider but 2020 bonds trade at a premium
3 years ago
The furious rally that the secondary CLO markets have gone through over the last two weeks was brought a halt by the Federal Reserve’s reminder on Wednesday night that all is still not well with the economy -
CLO managers seek to defer and redirect equity distributions
3 years ago
Half of US CLOs are due to miss equity payments as downgrades and defaults resulting from the lockdown economy trigger overcollateralisation breaches across the market, according to the latest bank research estimates. But some managers are being granted the flexibility to redeploy cash -
Global CLO b-wic round-up: equity makes a return as investors search for price levels
3 years ago
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market -
PineBridge launches first commingled direct lending fund
4 years 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 loans
4 years 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 credit
4 years 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 ESG
4 years 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. -
CLO pipeline: refis can't wait till after summer
4 years 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 market
4 years 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 -
The sky is not falling in on the CLO market, writes PineBridge
4 years 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. -
Capital raised for risk retention keeps struggling CLOs afloat
4 years 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 gains
4 years ago
Multi-asset funds that include credit have become popular among institutional investors. -
PineBridge builds US private credit fund
5 years ago
PineBridge Investments has registered a new private credit fund - PineBridge Private Credit, according to US regulatory filings -
PineBridge prices $454.5 million new issue CLO with triple As at 120bp
PineBridge Investments has priced its fourth new issue CLO of the year via Barclays
5 years ago -
Goldman prices new issue US CLO for regular client
5 years 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 structure
5 years 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 tranche
5 years 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 reissue
5 years 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 reinvestment
5 years ago
The manager issued a new CLO on Tuesday with just six months of reinvestment capability -
Pinebridge shifts away from investment grade credit
6 years 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
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