Onex's 2021 US CLO volume passes $1 billion with fixed-to-floating tranche
Onex Credit Partners priced its second new US CLO of the year on Friday, bringing its issuance volume for the year over $1 billion for the first time

Lead Onex CLO PM joins Dallas-based credit start-up Sycamore Tree
Start-up credit manager Sycamore Tree Capital Partners has hired an experienced CLO PM to oversee its nascent CLO management business

Onex opts for shorter reinvestment on 2020 Euro CLO reset
Europe’s CLO market has taken a welcome summer pause in the second week of August - with Onex's reset on Thursday the first deal of the week 

Three CLO resets from Natixis grow market $450 million via upsizings alone
Natixis has priced CLO resets for Benefit Street Partners, Onex Credit Partners and Voya Investment Management that include big upsizings, with the combined total amounting to $455.1 million of additional CLO paper

Two analysts poised to join Onex as it expands in European credit
Onex Credit Partners is adding research analysts in London

Credit funds at a glance (August 2021)
A round up of fundraising and people moves in credit

Senior research analyst joins Onex from another US CLO issuer
Onex Credit Partners has hired senior research analyst with 11 years' industry experience 

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

US loan managers capture secondary opportunities as new issues struggle
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June

Onex shakes up senior debt structure in refi of 2019 CLO
Onex Credit Partners has restructured the senior debt tranches of OCP 2019-17 after refinancing the deal via Citi

Onex prices its first CLO of 2021
Onex Credit Partners has issued its first new CLO of 2021

CLO pipeline: go long! new issues and resets push refis aside
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

CLO pipeline: expensive 2019 CLOs in vogue with 32bp savings potential
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

CLO pipeline: busy year, so let's take time to reset
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

Onex converts notes to loans in revamped 2019 CLO amid $457 million refi
Onex Credit Partners has completely overhauled the capital structure of its 2019 deal named OCP CLO 2019-16 as part of a refinancing, including converting parts of tranches originally issued as bonds into loan format

Onex hires former BlackRock official as European CLO head following departure
The appointment comes after the departure of Onex's senior-most European CLO portfolio manager Steve Baker late last year

Onex swoops to buy $3.8 billion private credit manager
Onex has bolstered its private credit capabilities with the acquisition of US private credit manager Falcon Investment Advisors

Onex prices sixth CLO primary market transaction of 2020
Onex Credit Partners returned to the CLO primary market on Thursday to print its sixth transaction of 2020

Onex targets high yield bonds after bumper year of US bond issuance
Onex Credit is fundraising for Onex High Yield Bond Fund, according to SEC filings seen by Creditflux

Onex claims three new US CLO equity investors
Onex Credit Partners has confirmed the pricing of a US CLO earlier this week, which it says resulted in three new equity investors to its platform

Onex prints seniors at 141.6bp in five-year reinvestment CLO
Onex Credit Partners has priced its third US CLO post-covid, and its first with a five-year reinvestment period

CLO pipeline: three behemoths prepare for quick-turnaround new issues
CLO managers have printed at a frenetic pace since the start of the quarter with $3.36 billion of issuance across all CLO markets and pricing types

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

US and European CLO portfolio managers set to leave Onex
A pair of experienced CLO portfolio managers are leaving Onex at the end of the year. Sources say Onex remains committed to the CLO business, having issued three deals globally since May