- Direct lending (11)
- Emerging markets (8)
- High yield bonds (15)
- Investment grade credit (4)
- Structured credit (8)
- CLO (42)
- Distressed debt (13)
- Credit derivatives (6)
- Leveraged loans (15)
- Marketplace lending (3)
- Real assets (5)
LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew9 days ago
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies
Credit rally slows but structured ﬁnance funds gain24 days ago
Corporate credit spreads levelled off in September, which means that 63% of funds in the Creditflux database have just a single quarter left to make it to positive returns for the calendar year.
Fund performance: Structured finance finds its footing with credit rally24 days ago
For the first time this year we have seen a structured finance fund take the top spot, as Serone Key Opportunities Fund leads a multitude of other funds in this category in the top 10 of our monthly fund rankings
OC health check: CLOs wake up when September ends1 month ago
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August.
Marathon prices first new issue CLO of 20201 month ago
Marathon Asset Management has completed its first new issue CLO of 2020
Four US CLO refis highlight diverging manager strategies1 month ago
Four US CLO managers - Ares Management, GSO Capital Partners, Marathon Asset Management and Voya Alternative Asset Management - have each refinanced fixed-rate CLO tranches, with the four deals totalling $69 million in paper. But new strategies are beginning to emerge
Marathon hires high yield senior portfolio manager from JP Morgan AM2 months ago
Marathon Asset Management has hired a senior high yield portfolio manager in New York to help develop the firm's long-only high yield business
LP round up: Connecticut eyes Fortress for private credit partnership3 months ago
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux
LP round up: pension creates private credit bucket as Florida eyes 'best distressed opportunity ever'3 months ago
There was no slowdown in credit allocations last week, wrapping up what has been an extremely busy July. $1.4 billion has been allocated to credit, it has emerged over the last seven days, according to board documentation seen by Creditflux.
OC health check: CLOs heal up with no new breaches among US BSL deals4 months ago
53 CLOs reported an over-collateralisation (OC) test breach last week, but only two CLOs breached an OC test for the first time, neither of which were US broadly syndicated loan CLOs
OC health check: slowing of downgrades offers some reprieve for CLOs stuck in breach5 months ago
89 deals reported overcollateralisation breaches last week, but only seven of these deals were breaching any OC test for the first time, according to the latest reports available on CLO-i
OC health check: some CLOs cure failures, but quarter of US deals still in breach5 months ago
117 deals failed over-collateralisation tests in the last week, although only 46 of these were deals reporting breaches for the first time, according to the latest reports available on CLO-i
OC health check: interest diversion failures foreshadow breaches6 months ago
14 CLOs reported over-collateralisation test breaches last week, five for the first time, according to the latest trustee reports available on CLO-i.
Who’s got the moves US: oil and gas leads renaissance for US CLO managers6 months ago
The US leveraged loan market has held steady over the last two weeks. After rising to just below 87 of par in mid-April, the S&P LSTA US Leveraged Loan index closed at 85.75 to start this week
OC health check: failures lift above 100 as five more deals breach senior test7 months ago
Another 116 CLOs have breached their overcollaterisation tests in the last week, according to the latest trustee reports on CLO-i. Out of this, five deals have failed OC tests for all classes – bringing the overall tally of deals that have breached senior OC tests to nine.
US pension gains 6.5% in three days after putting $350 million into credit7 months ago
Marathon, Waterfall, ArrowMark and Columbia were allocated $350 million from a US pension for structured credit, Talf and high yield mandates
S&P pushes downgrade button on three US CLO tranches7 months ago
S&P Ratings has downgraded two tranches of Marathon CLO V and one tranche of Mountain View CLO 2013-1
Two US CLOs fail senior OC tests7 months ago
Apex Credit Partners and Marathon Asset Management have become the first CLO managers in the 2.0 era with deals failing their senior overcollateralisation tests, according to latest trustee reports on CLO-i
LSC bankruptcy leaves print marks on CLOs7 months ago
CLOs hold $84.3 million of the debt of LSC Communications, which filed for Chapter 11 in the Southern District of New York yesterday.
A round-up of fund performance7 months ago
CLOs dock $100 million of Pier 1 as it plunges into Chapter 119 months ago
CLOs hold just over $100 million debt of Pier 1 Imports, which filed for voluntary Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia yesterday
Clover bankruptcy leaves print marks on CLOs11 months ago
CLOs hold $256 million of the debt of printing supply company Clover Technologies Group, which filed for Chapter 11 bankruptcy on Monday
Minnesota pension to invest $300 million in distressed and private credit funds1 year ago
Minnesota State Board of Investments is set to invest $100 million in a mezzanine debt fund and $200 million in a distressed debt fund
Marathon issues CLO with limitation on B3 loans1 year ago
Marathon Asset Management’s new $405 million US CLO has a 25% cap on loans rated B3 and below, says a source close to the deal
Fund performance1 year ago
A round-up of fund performance click here.
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