Creditflux

Neuberger Berman prices first ever CLO 2.0 with Credit Suisse
Neuberger Berman and Credit Suisse have issued their first ever CLO as a manager-arranger partnership in the 2.0 era

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

Neuberger Berman holds $1.7 billion final close for private credit fund
The strategy more than doubles fundraising for its predecessor fund NB Private Debt Fund II, which closed in October 2017 with $750 million

Neuberger Berman prices senior CLO triple As at 133bp
Neuberger Berman priced $504.8 million CLO via Barclays last week

Neuberger Berman and Wells Fargo market new issue CLO with mezz price talk
Neuberger Berman has joined the expanding list of CLO managers hoping to issue next week as the primary market slowly wakes after year end

Neuberger Berman nears final close for private credit fund at $1.5 billion
The New York-based manager has raised at least $1.57 billion for its third direct lending fund

Neuberger Berman and Natixis combine to price new US CLO
Neuberger Berman has priced its ninth CLO transaction of the year

Neuberger Berman unveils three European fixed income funds
The three new European fixed income portfolios will be managed by Patrick Barbe and his six-strong team, who all recently joined from BNP Paribas

Neuberger hits benchmark pricing with second reset of 2014 CLO
Neuberger Berman has reset for a second time its CLO XVIII deal, pricing the deal via Barclays with a five-year reinvestment period

Neuberger Berman refinances 2016 CLO with strong triple A print
Neuberger Berman has refinanced a 2016 CLO and in the process the firm appears to have achieved strong price execution

Neuberger Berman picks up fixed income investing team from BNP Paribas AM
Neuberger Berman has bolstered its European fixed income team with the appointment of six professionals from BNP Paribas AM

113bp and 140bp are spreads to beat as Neuberger Berman prices CLO reset
Neuberger Berman has priced its second market-beating CLO transaction in the space of a month by resetting a 2016 deal straight out of its non-call period

Neuberger Berman beats the market as it prices CLO triple As at 114.66bp
Neuberger Berman priced its third new issue CLO of the year yesterday, scoring the tightest pricing execution in a bumper day for the US market

CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

Portfolio manager central to European CLO expansion to leave Neuberger
One of the key figures behind the launch of Neuberger Berman’s European CLO business is set to leave the firm

Natixis prices manager's second new US CLO of 2018
A manager issued its second new CLO of 2018 on Friday, taking its new issue volumes for the year over $1 billion

US manager seeks pastures new as it opens CLO warehouse in Europe
A large US CLO manager is making a move into European CLOs and has hired Barclays to arrange its debut transaction on the continent

Neuberger Berman prices $375 million CLO refi with staggered call lock
Neuberger Berman has refinanced a 2015 vintage CLO for a second time

Neuberger cuts triple A coupon in half following CLO reset
CLO managers are looking to reset their 2016 CLOs at the first available opportunity with Neuberger Berman resetting its US deal Neuberger Berman CLO XXI on Friday

ICG announces new marketing hire
Intermediate Capital Group (ICG) has appointed a former Neuberger Berman institutional sales professional to head up marketing across parts of Europe

US CLO manager shaves 3bp off record triple A tights
The manager priced a $510.8 million new issue CLO yesterday with a triple A spread at 103bp

Barclays prepares two new CLOs on both sides of the Atlantic
Barclays is preparing to launch two new issue CLOs, according to presale reports from Moody's and Standard and Poor's

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

Neuberger takes advantage of demand for short-dated CLO paper with new deal
Neuberger Berman has taken advantage of the steep CLO term curve by pricing a short-dated deal known as Neuberger Berman CLO XVI-S