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Connecticut Retirement Plans and Trust Funds commits more than USD 600m to credit manager
2 months ago
Connecticut Retirement Plans and Trust Funds has allocated approximately USD 625m to pension funds in the state's private credit portfolio -
CLO market turns international as new investors land
11 months ago
The global CLO market attracted new investors over the first quarter of 2023, according to market sources, while others have moved across the capital stack or into different regions than those to which they have been accustomed -
ICG holds first close on US private credit fund
1 year ago
In total, ICG says it brought it $2.8 billion for its private credit strategies in the quarter -
LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
1 year ago
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus... -
CSAM does the CLO awards double
1 year ago
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it -
CLOs at a glance (June 2022)
1 year ago
A listing of CLOs that have priced in the last month
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CLOs at a glance (May 2022)
1 year ago
A listing of CLOs that have priced in the last month
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Credit funds at a glance (March 2022)
2 years ago
A round up of fundraising and people moves in credit -
Pennsylvania pension reveals $500 million in commitments to three private credit funds
2 years ago
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket -
CLOs at a glance (November 2021)
2 years ago
A listing of CLOs that have priced in the last month -
CLO pipeline: four US and two European managers prepare first 2021 CLOs
2 years ago
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner -
Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
2 years ago
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed -
CLO pipeline: Five out, five in as market digests new issuance wave
2 years ago
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report -
LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
2 years ago
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 -
Credit fundraising: three massive European direct lending funds notch up €17.6 bn
2 years ago
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date -
Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
2 years ago
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill -
Credit funds at a glance (April 2021)
2 years ago
A round-up of fundraising and people moves -
At least 2020 wasn’t dreadful for CLOs
3 years ago
Last year’s downturn was another in which CLOs survived and in many cases thrived as active management and Libor floors helped managers deliver 13%-plus returns to equity -
OC health check: 41 CLOs heal their breaches
3 years ago
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates -
ICG collects €4.2 billion for senior debt strategy, plans real estate debt fund launch
3 years ago
Intermediate Capital Group collected a further €1 billion for its latest senior debt strategy over the past six-month reporting period, taking the total amount for ICG Senior Debt Partners IV and separate mandates up to €4.2 billion -
LP round up: $2.8 billion flows to credit as Apollo concedes fundraising may slow
3 years ago
Florida Retirement System Trust Fund made the largest commitments allocating $1.6 billion. Apollo meanwhile acknowledged a potential slowdown in fundraising as investors await results on an independent review into CEO Leon Black's relationship with Jeffrey Epstein -
Elements work against CLO managers in Q3
3 years ago
CLO equity distributions fell in Q3 largely due to factors, such as Libor mismatches, that CLO managers can’t control. But these headwinds could turn in favour of managers in the near future -
Global CLO round-up: fresh start for five year deals as market reopens
3 years ago
The CLO market is still producing deals at a good pace, with $2.6 billion of global issuance last week. Four new issue deals priced in the US with Intermediate Capital Group and NYL Investors pricing their first transactions of the year while CVC Credit Partners made it two and Barings three in 2020 -
OC health check: August reports slow torrent of fresh breaches to a trickle
3 years ago
198 CLOs reported an over-collateralisation (OC) breach in August, only three of which were completely new breaches. This is a slowdown from July, when 230 deals suffered some kind of OC breach, according to the latest reports from CLO-i -
CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
3 years ago
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years
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