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HarbourVest fights back over CLO fund investment after Highland's objection
3 years ago
HarbourVest Partners, the key investor in risk retention vehicle Highland CLO Funding, has shot back at Highland Capital Management in court, arguing it had not insisted on changing the manager on its CLO fund from Acis to Highland, as Highland had claimed -
Guernsey puts Highland wrangles out to pasture
3 years ago
A royal court’s dismissal of proceedings in Guernsey could spell the beginning of the end in Highland Capital Management’s legal action against former employee Josh Terry -
Highland no longer defendant in Citi's Revlon loan lawsuit
3 years ago
Citi has dismissed its suit against Highland Capital Management as it seeks repayment on a Revlon loan, according to court filings. The lawsuit remains open against another 11 defendants -
Details emerge on nature of Revlon payment 'error' and lender attitudes
3 years ago
Fresh details have emerged on the nature of the ‘operational error’ Citi says took place when it transferred $900 million to Revlon loan holders -
Citi files lawsuit against nine more lenders over 'accidental' $900 million Revlon transfer
3 years ago
Citi has filed a new lawsuit against nine more asset managers regarding its transfer of $900 million to Revlon lenders, which Citi says was made mistakenly. The bank is looking to claim the money back against lenders -
Highland case against ex-PM Terry dismissed for lack of jurisdiction
3 years ago
The island of Guernsey is famous for its high tidal range and dairy produce. But it is not the right place for Highland Capital Management to churn legal action over CLOs against former employee Joshua Terry - so says a royal court, dismissing litigation the company filed there in 2018 -
Acis CLO fights back against risk retention financier
3 years ago
A 2014 US CLO which was part of the acrimonious split between asset managers Acis Capital Management and Highland Capital Management has become the centre of a dispute stemming from a risk retention financing agreement signed in 2018 -
Three managers linked to CLO businesses borrow on Paycheck Protection Programme
3 years ago
Three asset management companies linked with CLO businesses borrowed up to $1.7 million between them on the Paycheck Protection Programme (PPP) - the US fiscal relief package to help small businesses impacted by the coronavirus pandemic, according to data released today by the Small Business Association -
Highland directors intervene to get CLO mismanagement lawsuit dropped
4 years ago
Details have emerged about the nature of the ‘CLO mismanagement’ lawsuit filed on behalf of a charitable fund, seeded by Highland Capital Management, after it was dropped by plaintiffs -
Charitable daf "seeded by Highland" files lawsuit alleging CLO mismanagement
4 years ago
A charitable organisation has filed a lawsuit against several parties managing and monitoring a pair 2.0 CLOs in which it has exposure to the equity tranche -
Highland Capital Management LP working to remove founder Dondero
4 years ago
Highland Capital Management LP is working with the unsecured creditors committee on a new management team while the US trustee demands an independent trustee to oversee the bankruptcy -
Highland Capital Management LP bankruptcy moves to hostile territory
4 years ago
Highland is set to return to the scene of trauma, as its restructuring moves to a Texas bankruptcy court -
Highland files for bankruptcy
4 years ago
Highland Capital Management filed for Chapter 11 bankruptcy in the Bankruptcy Court in the District of Delaware (Docket No. 19-12239) -
Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
4 years ago
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally -
WhiteStar hires Highland portfolio manager to grow CLO investment business
4 years ago
WhiteStar Asset Management has made a big hire as it seeks to grow its CLO investment business -
CLO single Bs to return with higher attachments
4 years ago
US CLO equity investors this year seem to be focused on downside risk and this is evident in the lack of single B-rated debt in 2019 CLOs. However, there is demand emerging for a new style of single B-rated tranches that are forcing some equity investors to reconsider their stance. -
CLO portfolio manager Terry takes over at Acis as it emerges from bankruptcy
5 years ago
Josh Terry has taken control of the CLO management business used to run after Acis Capital Management announced that its reorganisation plan became effective on 15 February -
Acis Capital Management's Chapter 11 restructuring plan confirmed
5 years ago
The United States Bankruptcy Court in Dallas today confirmed the chapter 11 restructuring plan of Acis Capital Management -
Debtwire: Acis bankruptcy judge looks to mediation as litigation piles up
5 years ago
Acis Capital Management’s Chapter 11 trustee is developing a new plan proposal that would rectify a provision that caused a bankruptcy judge to reject an earlier plan two weeks ago -
Debtwire: Acis CLO judge finds all three plan options unconfirmable and sides with Highland's objections
5 years ago
Acis Capital Management’s judge last week issued a ruling denying all three versions of Acis’s proposed reorganisation plan, which was highly contested by creditor Highland Capital Management and subordinated noteholder Highland CLO Funding -
Acis CLOs in play as court verdict paves the way towards bankruptcy
5 years ago
Acis Capital Management has moved closer to bankruptcy after a US court found that orders for relief are required -
Former Acis partner Josh Terry suggests the firm is bankrupt
6 years ago
The long-running legal battle between Acis Capital Management and former partner Josh Terry continues, with Terry now suggesting Acis is bankrupt and filing as a creditor with a Texas court -
Former Acis partner Josh Terry accuses firm of fraudulent transfers
6 years ago
A Dallas court has once again ruled in favour of former Acis Capital Management partner Josh Terry in his long-running dispute with the asset management firm –and now, Terry has accused Acis of plotting to change managers on its CLO to avoid paying him an $8 million award -
Dallas manager reverts to Highland branding as it prices CLO reset
6 years ago
Highland CLO Management, an affiliate of Acis Capital Management, has priced its first CLO transaction of the year -
Spire adds former Highland CLO PM to its team in London
6 years ago
Corporate loan specialist John McAuliffe has joined Spire Partners as a senior credit analyst
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