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ABL lending fund completes final close with $1.7 billion in commitments
9 months ago
Asset-based lending fund accepts $1.7 billion in capital commitments from a global set of institutional and retail investors. -
Fund performance: Rocky May piles on the misery for credit hedge funds
1 year ago
Negative fund performance soared in May -
Market participants split over biggest risk to CLOs: Creditflux US CLO Summit
2 years ago
There are potential threats to the CLO market from all angles, but during a lively opening panel at Creditflux’s US CLO Summit on Tuesday – the first CLO conference to be held in New York since the pandemic – speakers responded to a poll showing 67% of audience members felt inflation/rising interest rates was the biggest hazard -
Fund performance: Wasserstein's early 2021 performance drives it to the top
2 years ago
The final top 10 of 2021 featured a variety of funds as five different strategies were ranked among the best. US high yield was the most highly represented with two BlackRock funds and an Angel Oak in the top 10 -
US pensions assign $1.5 billion to 16 credit managers in December
2 years ago
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux -
Marathon sees value in Sofr CLO tranche over fixed-rate option
2 years ago
Marathon Asset Management stole a march on other CLO issuers by including a Sofr tranche as part of a new issue transaction on 10 November via Bank of America. Officials at the company say the Sofr tranche makes a compelling alternative to a fixed-rate tranche -
Market ponders Sofr spread adjustment amid investor lag
2 years ago
The CLO market is waving goodbye to Libor as a benchmark rate and transitioning to alternatives for the first time in the history of the asset class. But there is no consensus as to what the Sofr spread adjustment should be, and some of the largest buyers are said to be slow to consider the impact of a benchmark transition -
Credit funds at a glance (July 2021)
2 years ago
A round up of fundraising and people moves in credit -
Four managers win lucrative $700 million credit mandate
3 years ago
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers -
Credit fundraising: January proves anything but dry for manager inflows
3 years ago
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch -
Marathon secures $900 million for asset-based lending fund
3 years ago
The New York-based manager will invest in asset-based loans across the healthcare, real estate, equipment and transportation and corporate sectors -
Fund performance: Structured finance finds its footing with credit rally
3 years 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 -
LP round up: Connecticut eyes Fortress for private credit partnership
3 years ago
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux -
Who’s got the moves US: oil and gas leads renaissance for US CLO managers
3 years 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 -
Two US CLOs fail senior OC tests
4 years 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 -
Fund perfomance: Slowdown for some as pandemic takes hold
A round-up of fund performance4 years ago -
CLOs dock $100 million of Pier 1 as it plunges into Chapter 11
4 years 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 CLOs
4 years ago
CLOs hold $256 million of the debt of printing supply company Clover Technologies Group, which filed for Chapter 11 bankruptcy on Monday -
Marathon issues CLO with limitation on B3 loans
4 years 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 performance
4 years ago
A round-up of fund performance click here. -
Fund performance: Mercury rises as does credit fund performance
A round-up of fund performance4 years ago -
Philadelphia Energy bankruptcy tars nine CLO managers with $241 million exposure
4 years ago
The Philadelphia-headquartered company has entered into bankruptcy protection for a second time, having only emerged from its first filing in August -
Clover Tech cov-lite loan blots CLOs after spilling a third of its value
4 years ago
The past week’s biggest declining loan by some way, for printing cartridge maker Clover Technologies (aka 4L Technology), is a worry for CLO portfolios as some 21 managers hold the name, according to CLO-i -
US pension replaces Cliffwater with Meketa
4 years 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. -
Hildene Capital portfolio manager steps back from CLO business
7 years ago
Hildene Capital Management portfolio manager Michael Nichol has officially left the firm, according to market sources
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