Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday

Antares brings in manager's loan and high yield head for BSL CLO expansion
Antares Capital is set to build a broadly syndicated loan CLO business, having hired an experienced CLO PM from a US asset manager 

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...

CSAM does the CLO awards double
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)
A listing of CLOs that have priced in the last month
 
   

ICG breaks CLO market silence with first US deal of 2022
Intermediate Capital Group looks to have been the manager to restart new CLO issuance after this week's brief primary market pause, bringing its first US deal of the year

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

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

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

ICG resets and upsizes late 2020 CLO via Barclays
Intermediate Capital Group has reset its late 2020 CLO named ICG US CLO 2020-1, upsizing the deal by $5 million

CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

ICG opts for new naming convention as it incorporates fat triple Bs
Intermediate Capital Group priced its fourth US CLO of the year on Wednesday, opting for a new naming convention by christening the deal ICG Rhinebeck CLO 2021-4

ICG scores $406.5 million new US CLO
Intermediate Capital Group priced its third US CLO of the year on Wednesday, bringing its 2021 new issue volumes to $1.4 billion

TriMark court ruling encourages peace between lenders
Many CLO managers breathed a sigh of relief in August, with one source indicating a recent court case decision sent a “clear signal that the spate of lender-on-lender violence in the leveraged loan market will not remain unchecked”

Leverage goes both ways as ICG and CSAM upsize CLOs
Intermediate Capital Group and Credit Suisse Asset Management have each upsized a legacy CLO after resetting the deals via JP Morgan

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

Aegon and ICG partner with Citi for US CLO resets
Aegon USA Investment Management and Intermediate Capital Group each teamed up with Citi on Thurdsday to print a CLO reset

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
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
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
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
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

ICG upsizes CLO with rare four-year reset
Intermediate Capital Group has priced a CLO reset with an unusual four-year reinvestment extension

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
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)
A round-up of fundraising and people moves

CLO torrent adds $1.5 billion in US refis
The CLO refinancing boom has added another $1.5 billion to deal volume, with Intermediate Capital Group, Octagon Credit Investors, Sound Point Capital Management and Vibrant Capital Partners adding their names to the list of CLO refinanciers