- Direct lending (2)
- High yield bonds (10)
- Investment grade credit (1)
- Structured credit (5)
- CLO (48)
- Distressed debt (2)
- Credit derivatives (4)
- Leveraged loans (5)
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market3 days ago
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i
Anchorage prices second-ever reset in bond securitisation market3 days ago
Anchorage Capital Group priced a reset of 2015-vintage bond-flex CLO Anchorage Credit Funding 2 on Friday, completing just the second CBO reset in this market’s history
CLO pipeline: no rest for the wicked as new issues hit the market8 days ago
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast
Anchorage adds high triple-C CLO to its roster after pricing upsized deal25 days ago
Anchorage Capital Group managed to price its high triple-C CLO before the end of 2019 with market sources indicating the firm issued a $406 million CLO on 23 December
Anchorage markets CLO triple As at 195bp in novel high triple-C CLO1 month ago
Anchorage is marketing a high triple-C CLO with a lower than average triple C bucket for such a deal, but with a market value test and par flush triggers.
CLO pipeline: high triple C bucket opens a Gateway to pricing1 month ago
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions
Flexible CLOs grow in popularity as two managers eye triple C-heavy deals1 month ago
Two credit managers - Anchorage Capital Group and Gateway Credit Partners - are in the market with their inaugural CLOs featuring high allowance for triple C assets
- The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds.2 months ago
CBOs aren’t fixated on interest rate moves2 months ago
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds
US CLO's anchor equity on sale for first time3 months ago
The 23rd anchor equity position in a US CLO has been listed on the secondary market today, with $36.875 million of Anchorage Capital 6,up for sale at 1.30pm New York time.
Anchorage prices triple As at 92bp in European CLO3 months ago
Anchorage Capital Group has teamed up with Barclays once again in Europe to issue its latest CLO, known as Anchorage Capital Europe CLO 3
Anchorage prices new issue CBO via GreensLedge3 months ago
Anchorage Capital Group has priced a $405 million CBO named Anchorage Credit Funding 9, according to market sources
Barclays markets two new issue CLOs in Europe3 months ago
Barclays is marketing the latest European CLOs for Invesco and Anchorage Capital Group, according to market sources
- CLO portfolios are drifting towards low single B and triple C names. But triple C buckets are not in danger of overflowing, so managers can be even more aggressive4 months ago
Anchorage's 2019 volumes pass $2.5 billion as it prices US CLO5 months ago
Anchorage Capital Group on Friday priced its latest CLO offering named Anchorage Capital CLO 11 via Wells Fargo
CLO investor looks to offload US and European anchor equity positions6 months ago
There are two controlling CLO equity stakes up for sale today with a 2017 European deal and a reissued US transaction going under the hammer
Global CLO b-wic round-up: control equity hits the market as secondary market picks up6 months ago
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics.
CLO pipeline: managers return in force after varying time-outs6 months ago
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe
Anchor equity in 2018 CLO reissue fails to trade in secondary market7 months ago
The anchor equity piece of Anchorage Capital’s 2018 reissue, Anchorage CLO 5-R was up for grabs yesterday on a b-wic seen by Creditflux
US pension replaces Cliffwater with Meketa7 months ago
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.
Global b-wic round-up: Short-dated CLO paper hits the market8 months ago
Last week brought over $800 million of b-wics listed in the US CLO secondary market for the first time this month, with around 10% being paper that had a reinvestment period that ended in 2019.
Anchorage prices its second CBO as triple A spreads compress8 months ago
Anchorage priced its second CBO of 2019 last week via Greensledge
US pension fund earmarks $375 million for various credit strategies10 months ago
Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has committed $125 million to distressed, $100 million to aviation investments, while earmarking $150 million for structured credit
Anchorage prices 2019's first CBO with seniors at 4.62%, halving basis with CLOs11 months ago
Anchorage Capital Group priced 2019’s first CBO yesterday, naming the $300 million deal Anchorage Credit Funding 7
US CLO round-up: Anchorage keeps primary open as debutants and newcomers fill pipeline11 months ago
Anchorage Capital shored up the CLO market this week against an untroubled horizon as the sole manager to price a new issue, while TCI Capital Management priced the first refinancing of the year as Creditflux went to press.
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