Columbia Advisory Partners launches new private credit fund
Washington state-based investment firm Columbia Advisory Partners creates new credit fund

Columbia names new loan and CLO head as Howard announces retirement
Columbia Threadneedle Investments has appointed the next head of its US bank loan team after current head Jerry Howard announced his retirement effective in January next year

Schroders beats five to win structured credit mandate as pension terminates Franklin Templeton
Schroders has beat out five other credit managers to win up to $108 million for a securitised credit mandate from a US pension. It comes after investment consultant RVK recommended to terminate the pension’s investment in Franklin Templeton due to “underwhelming performance and decreasing assets”

Columbia CLO delivers rare duration structure and 96 cents weighted average price
Columbia Threadneedle has teamed up with Jefferies to print a new CLO at $351.6 million

Investors turn to secondary market amid recession fear
CLOs and loans weathered a sudden sell-off in May as investors began to factor in a higher likeli-hood of recession

ESG investors bemoan corporate greenwashing
US CLO market participants have complained of loan issuer ‘greenwashing’ that aims to circumvent environment, social and governance portfolio restrictions

CLO head joins Columbia after Carlson exits CLO business
Columbia Threadneedle Investments says it has hired a senior portfolio manager and head of its CLO business

CLOs at a glance (January 2022)
A listing of CLOs that have priced in the last month

Bain and Columbia add $840 million to CLO reset supply
Bain Capital Credit and Columbia Management both reset a legacy CLO on Friday, adding $840 million to total supply

Manager wins £1.7 billion IG credit mandate from UK's St James’s Place
The UK wealth manager has awarded a £1.7 billion ($2.28 billion) global invevstment grade credit mandate

Ameriprise looks to hire head of CLOs
Ameriprise Financial is seeking an official to lead its US CLO platform 

CLO heavy hitters push $1.5 billion refi paper into market
Another $1.5 billion CLO refi paper has hit the market after Allstate, Columbia Management, CIFC Asset Management and Credit Suisse Asset Management priced cost-cutting deals

CLO refi paper worth $1.61 billion hits market
Five managers have printed transactions worth a combined $1.61 billion over the last few days, in a CLO refinancing bonanza 

Columbia prints $408 million new CLO with AMR embedded
Columbia Management has priced a $408 million CLO via Jefferies named Cent CLO 31

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

Columbia prints tightest five-year reinvestment US CLO since March sell-off
Columbia Management has priced the tightest five-year reinvestment CLO post-covid

Global CLO b-wic round-up: Secondary markets rally despite ‘worst liquidity seen all year’
An adjournment in the US for Veterans Day last week still left plenty of time for the CLO secondary market to rally, thanks to Pfizer's covid-19 vaccine breakthrough and a firmer indication of the US presidential election results

Columbia adopts AMR with first new CLO issue since November
Columbia Management has returned to the CLO primary market with its first new issue in over eight months

CLO pipeline: marathon runners and sprinters join the race
Five new CLOs priced last week, four of which were US issues and one European, but they have been ably replaced in the pipeline, with a handful of managers looking to strike while the CLO market is still hot

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

If history repeats itself, the best CLO play could be to hold equities
After a futile scramble for liquidity, LyondellBasel filed for bankruptcy in the early morning hours of 6 January 2009. Bad luck for CLO managers that were holding the loan? Not at all

US pension gains 6.5% in three days after putting $350 million into credit
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates

S&P adds to CLO negative watch list as loan downgrades pick up
Standard & Poor’s has added to the list of tranches in CLOs it has on negative watch as coronavirus concerns mount. This follows the rating agency last week highlighting 22 tranches across 15 US CLOs for having big exposure to downgraded corporate borrowers across impacted industry sectors

PGIM refinances 2016 vintage CLO acquired from Columbia
PGIM has refinanced a 2016 vintage CLO it bought portfolio management rights for in 2018, according to market sources

CLO pipeline: a refi of nine cuts time (and margins)
Nine US CLO managers are preparing to refinance one of their CLOs to lower financing costs