Alcentra makes leadership changes as European CLO head Rainbow goes part-time
Alcentra has announced changes to its leadership team with co-chief investment officer of liquid credit Graham Rainbow deciding to take on a part-time role at the firm

Alcentra's head of European direct lending set to leave
Alcentra’s head of European direct lending is set to part ways with the firm at the end of September

Alcentra returns to US new issue CLO market after two years away
Alcentra has priced its first new US CLO in almost two years

Credit funds at a glance (August 2021)
A round up of fundraising and people moves in credit

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

US CLO portfolio manager set to join fast-growing Redding Ridge
A US CLO portfolio manager is set to join Redding Ridge Asset Management next month, taking the firm's CLO PM roster to three

Alcentra hires London-based executive director in liquid loans and high yield team
Alcentra has hired a senior analyst in the firm's liquid loans and high yield team 

Points up front: CLO veteran earns OBE
We spotted a household name in the CLO business among those being feted in last month’s Queen’s birthday honours list — former Alcentra chief executive David Forbes-Nixon was awarded an OBE

Alcentra and Octagon each reset 2019 CLOs
Alcentra and Octagon Credit Investors each reset a 2019 CLO on Thursday, with the two transactions totalling $861.3 million

CLO investor departs Alcentra for another buyside firm
A CLO investor has departed from his job at Alcentra and has landed at a boutique European credit manager 

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Alcentra's global CLO fund closes at $484 million and over 50% deployed
Alcentra has closed its fourth global CLO fund, Alcentra Structured Credit Opportunities Fund IV, at $484 million

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

Alcentra includes 2.1% Euribor cap on triple A tranche in CLO reset
Alcentra has included a 2.1% Euribor cap on the triple A notes in its reset of Jubilee 2013-X

$1.25 billion of CLO refis span range of tenors
The CLO primary market absorbed $1.25 billion of refinancings as American Money Management Corporation, First Eagle Investment Management, PGIM and Alcentra priced cost-cutting transactions, with different reinvestment periods across the pack

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

Texas pension allocates $50 million to CLO fund
The comes amid a flurry of allocations to CLO funds

Euro CLO league tables: Refi return spurs European CLOs towards record volumes
A record shattering month as refi wave continues

European CLO and loan spreads jostle in tight race
New issue CLO spreads have tightened so sharply in Europe that market participants are questioning how long the process can continue. 

High yield fund sets pace with 22% return in January
Wasserstein Debt Opportunities Fund has set the early pace for credit hedge funds in 2021 after registering a 21.7% gain in January. This builds on the high yield fund’s success last year and takes 12-month returns to 40.44%. 

Past returns: Highland sells European CLOs at second attempt
In Creditflux 10 years ago, we reported that Highland Capital Management was offloading its European CLOs, with Alcentra and Barings among the frontrunner

Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks

Alcentra co-CIO for liquid credit set to leave this month
A high profile figure in the US CLO business is leaving Alcentra