AGL, PIMCO rework 2021-vintage US CLOs
AGL and PIMCO both refinanced deals from 2021 and priced the top-of-stack paper at SOFR plus 95bps and 99bps, respectively  

PIMCO sees asset-based private credit opportunities growing as banks await regulatory clarity
PIMCO predicts the growth of asset-based finance because  theTrump presidency unlikely to stop regulation of regional banks   

PIMCO prints US BSL CLO at 133bps
West Coast giant PIMCO has printed its second new US BSL CLO of the year, a USD 406.70m deal called Balboa Bay Loan Funding 2024-2

PIMCO resets noteworthy CLO from 2020
PIMCO caused a stir four years with its first foray into the US CLO market in 13 years, a deal they have now reset with a short-dated 1Y/3Y timeframe

PIMCO and Fidelity boost investing in CLOs
PIMCO and Fidelity ramp up their buying of CLOs with Fidelity swapping to purchase longer-dated paper

iHeart secured group advisors in confidential talks with company
iHeartMedia, still an important name in the US CLO market, is back in the news, potentially impacting 482 different CLOs

AlbaCore expands with senior research hires
London-based AlbaCore Capital Group announced the expansion of its investment team last week, with the addition of a new Head of Research

Resets keep coming as PIMCO resets 2023 vintage CLO
In the latest in what’s become a reset craze in Q1, PIMCO has reset Balboa Bay Loan Funding 2023-1

Ann Arbor retirement system approves commitment to direct lending fund
The City of Ann Arbor Employees' Retirement System approved a USD 7m commitment to the PIMCO Private Income Fund

West-coast giant prices second CLO this year
PIMCO returned to the CLO market for the second time this year with the pricing of Balboa Bay Loan Funding 2023-2

Pimco eyes CLOs as part of new flexible credit interval fund
Pimco is preparing to launch a new closed-ended, non-listed interval fund, named Pimco Flexible Corporate Income Fund, which will invest at least 80% of assets in corporate debt across public and private credit markets

Pimco promotes global lev fin and CLO head to managing director
Pimco's leveraged finance head is one of five senior officials promoted to managing director

Western AM goes short-tenor for first CLO of the year
Western Asset Management priced its first new issue of the year on Friday, and its fifth of the Crown City moniker it adopted in 2020

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

Pimco produces strong print on three-year reinvestment CLO
Pimco has produced a three-year reinvestment US CLO in what marks its fifth CLO issuance since it returned to CLO management in late 2020

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. 

LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

Apollo and Pimco buy ‘significant portion’ of Credit Suisse's securitised products group
The move has prompted a rally for Credit Suisse, which on Thursday unveiled a strategic review “designed to reduce risk-weighted assets and leverage exposure”

Pimco targets up to $5 billion for flexible credit fund
The fund will invest across capital solutions, distressed and stressed opportunities, and idiosyncratic positions

We can cope with downgrades again

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

Pimco loan ETF finds good entry point for deployment
Pimco’s loan ETF, launched earlier this month appears well positioned to capitalise on the volatility that has hit the loan market in the last two weeks

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

US CLO manager plots re-expansion into Europe after 16 years
A European 1.0 CLO manager looks set to return to the business