Refine Search
Article Categories
Strategy Tags
- Direct lending (89)
- Emerging markets (6)
- High yield bonds (30)
- Investment grade credit (5)
- Structured credit (14)
- CLO (130)
- Distressed debt (22)
- Credit derivatives (5)
- Leveraged loans (45)
- Marketplace lending (3)
- Real assets (15)
Geography Tags
-
CLO pipeline: go long! new issues and resets push refis aside
8 hours ago
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues -
Credit funds at a glance (April 2021)
14 days ago
A round-up of fundraising and people moves -
Ares brings CLO's leverage down to less than five turns in $1 billion-plus reset
22 days ago
Ares Management has upsized its second largest CLO in a reset, bringing the deal to a par value of $1.19 billion - the seventh biggest CLO backed by broadly syndicated loans in the market -
Four managers win lucrative $700 million credit mandate
23 days ago
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers -
Ares shaves 20bp off triple As with European CLO partial refi
27 days ago
Ares Management has refinanced the triple A notes on its 2014 vintage European CLO, Ares European CLO VII -
Ares affiliate re-emerges in mid market with first primary CLO for three years
1 month ago
Ivy Hill Asset Management, the direct lending affiliate of Ares Management, has priced its first CLO primary market transaction in almost three years, completing a $499.3 million new issue backed by loans to middle market companies -
Allstate CLO takes on ESG guidelines following reset
1 month ago
Fair Oaks Capital has laid claim to the first instance of converting a US CLO into an ESG-compliant transaction courtesy of a reset following the reworking of Aimco 2017-A this week -
Refis price on top of new issues as four managers print US CLOs
1 month ago
Four US CLO refinancings priced yesterday, giving the impression that CLO pricing is fitful and the term curve flat -
Ares pledges charitable donations based on success of new $3.7 billion fund
1 month ago
Ares Management Corporation has held a final close on Ares Pathfinder Fund at its $3.7 billion hard cap - and portfolio managers will commit at least 10% of the fund’s caried interest profits to global health and education charities -
CLO pipeline: busy year, so let's take time to reset
1 month ago
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline -
Ares joins group of tight US issuers with sixth tightest 2021 CLO
1 month ago
Ares Management became the eighth CLO manager of the year to issue a five-year deal with funding costs below 150bp on Tuesday by teaming up with Natixis on its latest issue named Ares LIX -
Credit fundraising: ESG centre stage as capital pours into new strategies
1 month ago
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds -
European CLO repricings top €8 billion in 2021 as Ares and PGIM rework deals
1 month ago
Ares and PGIM printed two repricings of European CLOs on Wednesday, taking year-to-date volume to €8.29 billion -
Ares, Brigade and Redding Ridge issue CLO resets totalling $1.61 billion
2 months ago
$1.61 billion in CLO resets issued on Wednesday as new deals emerged from Ares Management, Brigade Capital Management and Redding Ridge Asset Management -
Ares holds first close of junior direct lending fund as it eyes 'dozens more' $1 billion-plus funds
2 months ago
Ares outlined several credit fundraising initiatives in its fourth quarter earnings call - among which were a first close of its latest junior direct lending fund, upping the target for its credit special situations fund by over $1 billion, as well as new product launches including an evergreen alternative credit fund -
LP round up: Dutch pensions put €1.3 billion into infra debt
2 months ago
Institutional investors allocated over $2 billion to credit funds in January. Opportunistic credit funds were a favourite but the biggest moves came in infrastructure debt -
Goldman Sachs collects $4 billion for large cap direct lending
3 months ago
Goldman Sachs Merchant Banking Division has raised at least $4 billion for its fourth large cap-scale direct lending fund, Broad Street Loan Partners IV -
LP round up: pensions plan private credit pacing as strategic credit takes on "midfield" role
4 months ago
US pensions have allocated $1.4 billion across 22 credit funds including those managed by Angelo Gordon, Ares and GoldenTree, according to recent board documents seen by Creditflux. Meanwhile a pension fund draws parallels between strategic credit and Jordan Henderson -
HPS managing director joins Ares direct lending team in New York
4 months ago
Ares Management has added to its direct lending team in New York -
Ares/Crestline CLO overlap jumps to 60% following Ares takeover, Fitch says
4 months ago
CLO acquirers have been busy converting purchased portfolios to their house-style, according to research by Fitch -
LP round up: Arcmont, Ares and Sixth Street win European direct lending mandates
4 months ago
Investors have allocated around $2 billion to credit funds in recent weeks, according to board documentation seen by Creditflux. Among those to recieve allocations include ADM, Arcmont, Ares, Audax, Bain, Centerbridge, Clearlake, Goldman Sachs merchant banking, Invesco, Monarch, Oaktree, Raven, Sixth Street and Sound Mark -
OC health check: 41 CLOs heal their breaches
4 months ago
147 CLOs breached an over-collateralisation test in October, down from 183 in September. 41 CLOs that breached an OC test in September passed all OC tests in October, most of which had October payment dates -
Ares rides vaccine rally to price tightest three-year US CLO
5 months ago
CLO primary spreads have tightened dramatically after Ares Management priced its first US new issue post-election, with weighted funding costs of just 167.38 basis points over Libor -
CLO pipeline: New issuance pause ends as managers look to gain from rallying spreads
5 months ago
It is two and a half weeks since the last US CLO new issue priced, but that is set to change and Bridgepoint’s debut European transaction on Friday brought an end to Europe’s own two-and-a-half-week primary break -
Ares targets $4 billion for junior private credit fund
5 months ago
Ares Management is targeting $4 billion for its latest junior private credit fund, Ares Private Credit Solutions II
Want all the latest news, comment, analysis and data?