York spins out CLO business with new equity partner
York Capital Management is spinning out its CLO business, forming a new strategic partnership with an investment firm

Hamilton Lane forms private markets partnership with Russell
Hamilton Lane will provide insight and input to Russell Investments’ private markets team on portfolio construction, along with investing money

Bardin Hill sells European CLO business to HPS with head Snyder set to retire
Bardin Hill Investment Partners has sold its European CLO platform to HPS Investment Partners

Past returns: Highland sells European CLOs at second attempt
In Creditflux 10 years ago, we reported that Highland Capital Management was offloading its European CLOs, with Alcentra and Barings among the frontrunner

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

Issuer goes from debutant to zero in one year as PM leaves and CIFC swoops for sole CLO
A US CLO manager has gone from debuting in 2019 to having no CLOs under management as CIFC takes over its one deal

European CLO manager puts platform up for sale
European CLO merger and acquisition activity is on the rise as a boutique manager puts its CLO platform up for sale

York Capital seeks CLO business sale after promising investors to refocus on them
York Capital Management is looking to sell its CLO platform, just weeks after penning a letter to investors promising to double down on the asset class

Cairn buys $2.5 billion European distressed debt manager
Cairn Capital has bought a $2.5 billion European distressed debt hedge fund manager, boosting the firm's assets under management to $8 billion

Asset management giant emerges as bidder for European CLO businesses
A large asset manager came close to adding European CLOs and direct lending to its product range with the firm emerging as a bidder on two asset management businesses

Asian direct lender spins off from PE house Olympus with Canadian backing
Olympus Capital Asia’s private credit team has become the latest firm to spin out of its parent company and has rebranded to Orion Credit Capital Asia

Fidelity steps into European CLOs with MeDirect deal
Fidelity International is breaking into European CLOs after striking a deal to acquire the CLO management team from MeDirect

TIG delves into Asian credit following minority investment in Arkkan
New York-based asset manager TIG Advisors has bought a minority equity stake in Hong Kong-based alternative asset manager Arkkan Capital

Stone Point and Wilton Re invest $100 million in Nassau
Nassau Financial Group says Wilton Reinsurance Company and Stone Point Credit have invested $100 million in its business through a new series of non-cumulative perpetual preferred equity

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

CLO M&A to pick up with underperformers at risk
CLO manager consolidation is expected to be elevated into 2021 as the market recovers from the aftershock of covid-19

Ares/Crestline CLO overlap jumps to 60% following Ares takeover, Fitch says
CLO acquirers have been busy converting purchased portfolios to their house-style, according to research by Fitch

Candriam and NYL buy stake in European direct lender
Candriam and its affiliate New York Life Investments Alternatives have bought a minority equity stake in a pan-European private debt firm

Dyal and Owl Rock in talks over merger via spac - a year after Dyal buys into direct lender
Dyal Capital Partners and Owl Rock Capital Group (a company in which it has an ownership stake) are in talks to merge courtesy of a spac which is sponsored by an affiliate of HPS (another company which Dyal has a minority equity stake)

Ziegler buys stake in credit SMA specialist
Ziegler Capital Management has acquired a minority stake in a US credit asset manager that invests across investment grade, high yield and emerging market corporate bonds along with mortgage-backed securities

Blackstone buys $7.5 billion quantitative credit manager
Blackstone has bought DCI, a $7.5 billion technology-driven quantitative credit manager

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Mount Logan completes mid market CLO acquisition for $3 million
Mount Logan Capital has completed the acquisition of management rights for two middle market CLO contracts from Garrison Capital. The firm disclosed in an announcement it paid $3 million for the transaction which included the two contracts plus ‘certain side letter agreements

EQT completes sale of credit business to Bridgepoint
EQT has completed the sale of its €3.9 billion credit business segment to Bridgepoint