Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Two west coast managers bring first new CLOs of 2021 via Morgan Stanley
Two California-based CLO issued their first new CLOs of the year on Thursday with Morgan Stanley arranging both transactions

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

ESG factors show up in leveraged loan pricing in US
Environmental, social, and corporate governance factors are filtering through to the US CLO market and influencing loan prices

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

Technicals support IG while investors hunt for rising stars
Investment grade credit spreads have been stubbornly tight for the past six-months, but investors see positive technical factors that make lower-rated bonds appealing

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

Head of alternative credit among Pimco's new managing director cohort
Pimco has promoted seven to managing director including its head of alternative credit and private strategies

Senior Pimco distressed portfolio manager joins ICG
Intermediate Capital Group says that it has hired a senior Pimco official as managing director and co-head of special situations in London

LP round up: Dutch pensions put €1.3 billion into infra debt
Institutional investors allocated over $2 billion to credit funds in January. Opportunistic credit funds were a favourite but the biggest moves came in infrastructure debt

US CLO league tables: new issue rankings go to wire as post-pricing upsizes pop up
The new issue US CLO rankings are tightly contested with JP Morgan leading Citi by just $641 million with one month left of the year. Even in December's typically slower weeks this is a closeable gap 

LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies

Pimco prices first CLO in 13 years
Pacific Investment Management Company has made a long-awaited return to US CLOs after pricing its first since 2007

Credit fundraising: Dubai manager gets in on the act as direct lending takes off
Shuaa launches credit fund in the Gulf as Ares, Contingency, HPS and Perceptive are among those to close billion-plus funds

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

Window or aisle? Pimco jets off with GE for $3 billion aircraft leasing platform
Pimco has partnered with GE Capital Aviation Services to launch a $3 billion aviation leasing platform, which the pair say will “provide financing to help airlines upgrade their fleets at critical time for the aviation industry”

Pimco pre-markets comeback US CLO with new PM at helm
Pimco is returning to CLO management after a 13-year absence with a recently-appointed official expected to oversee the deal

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

Barings and PGIM win loan and structured credit mandates as pension puts £2.7bn in credit
The firms will manage global syndicated loans, securitised credit, emerging market debt and global high yield credit for Border to Coast Pension Partnership's £2.7 billion ($3.43 billion) multi-asset credit fund 

Pimco appoints Sculptor veteran as head of private credit in Europe
Pimco has hired an experienced figure in the European credit markets as it seeks to grow its special situations business

LP round up: private credit drive gains momentum as Calpers backs Pimco
Private credit continues to be viewed as an attractive investment strategy for institutional investors, with four global allocators outlining new buckets, or increases to the asset class

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

US and Europe diverge as loan trading bands emerge on the continent
Europe and the US are on different courses with credit indices having drifted apart over the past month, say trading sources. Europe is expected to suffer fewer defaults to the extent that "it’s getting quite difficult for borrowers to default”, as one source put it. But the US has "higher growth potential due to its more dynamic economy"

LP round up: horseshoe does the trick for Pimco and other distressed managers
Institutional investors poured $2.7 billion into credit this week through 14 managers, according to board documentation seen by Creditflux