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Leucadia pushes into distressed debt as it seeds new manager
3 years ago
Leucadia Asset Management has made a push into special situations and distressed debt, with the Jefferies’ subsidiary announcing a strategic partnership with FourSixThree Capital. Leucadia will provide seed capital to newly formed FourSixThree, as part of that transaction -
Canadian direct lender takes on US mid market CLO
3 years ago
Toronto-based Mount Logan Capital is set to acquire portfolio management rights to a middle market CLO issued by Garrison Investment Group named Garrison MML CLO 2019-1. Pending investor approval, Mount Logan would become the first Canada-based firm to manage a US CLO -
Nuveen brings CLOs under one roof as Symphony takes on TIAA deals in rejig
3 years ago
Four TIAA US CLOs are being absorbed into its affiliate Symphony Asset Management as part of a streamlining undertaken by TIAA and its asset management business, Nuveen -
Sun Life Financial in talks to buy Crescent Capital - report
3 years ago
Canadian insurer Sun Life Financial is said to be in talks to buy credit manager Crescent Capital, according to a report by Bloomberg -
Cut! Cineworld’s cancelled merger boosts CLO OCs
3 years ago
Investors in Cineworld’s $1.9 billion term loan breathed a sigh of relief in July after the UK cinema chain cancelled its merger with Canadian firm Cineplex, with holders repaid in full, according to market sources -
New asset management firm in Los Angeles acquires rights to 2014 CLO
3 years ago
The CLO management contracts for a 2014 CLO managed by Tortoise Credit Strategies has tranferred to Los Angeles-based manager Ducenta Squared Asset Management -
Azimut purchases 20% stake in US private credit manager
3 years ago
Azimut Group has purchased a 20% equity stake in a $2.1 billion opportunistic private credit manager -
Hildene to take over management of ground-breaking trups-style CLO
3 years ago
Hildene Capital Management is in line to take over the collateral management contract for the first trups-style securitisation since the financial crisis -
Morgan Stanley IM completes Assurant CLO platform acquisition
3 years ago
Morgan Stanley Investment Management has completed the transaction to acquire Assurant’s US CLO management fee contracts, according to a notice to investors seen by Creditflux -
Garrison BDC agrees to merge with Portman Finance
3 years ago
As part of the transaction, Portman will assume Garrison’s on-balance sheet CLO liabilities upon closing -
Pine Brook sells CLO firm WhiteStar
3 years ago
Pine Brook Capital Partners has sold its majority equity stake in CLO specialist WhiteStar Asset Management to Clearlake Capital Group -
Mount Logan and Sierra take over management of Resource credit fund
3 years ago
Mount Logan Capital and Sierra Crest Investment Management, an affiliate of BC Partners Advisors, have agreed to take over management of the Resource Credit Income Fund, a US-based $240 million interval fund -
Mariner transfers CLO management rights to Orix following MBO
3 years ago
Mariner Investment Group has begun transferring the management rights to its CLOs to its parent company Orix Corporation USA, according to a regulatory notice. The move follows Orix's decision to sell Mariner to its executive board, but retain the leveraged credit business -
Morgan Stanley IM takes lead in race for Assurant's CLO business
3 years ago
Morgan Stanley Investment Management has emerged as the front runner for Assurant’s US CLO business -
Rapid CLO M&A activity on the horizon as fee deferrals pick up
3 years ago
A flurry of M&A deals could soon sweep the CLO market as management fee deferrals become an increasing pressure point for small CLO managers -
Garrison exits CLO management after selling contracts to credit manager
4 years ago
Garrison Investment Group is exiting the broadly syndicated loan-backed CLO management business after selling three management contracts to Anchorage -
Goldman Sachs in talks to buy minority stake in Permira
4 years ago
Goldman Sachs is looking to buy a minority stake in private equity firm Permira -
PE firms look to go it alone as credit units reach maturity
4 years ago
Private equity firms are starting to weigh up the merits of housing private debt businesses, with TPG Capital the latest to contemplate splitting with its credit business TPG Sixth Street. It follows EQT Capital, which announced a strategic review in January centred on parting ways with its credit unit. -
Apollo ups stake in Athene to 35% through stock deal
4 years ago
Apollo Global Management is doubling its stake in Athene Holding to around 35% by exchanging $1.2 billion of common equity and buying $350 million extra of Athene stock -
Pretium buys Latigo to boost distressed capabilities
4 years ago
Pretium Partners has bought the investment management business of New York-based Latigo Partners, in a bid to expand the firm’s distressed debt and event-driven credit capabilities. Terms of the transaction were not disclosed -
Mid-market lender Comvest sells minority stake to Affiliated Managers
Comvest Partners has sold a minority equity stake to Affiliated Managers Group. Terms of the transactions were not disclosed.
4 years ago -
ArrowMark completes purchase of StoneCastle's asset manager
4 years ago
ArrowMark Partners has completed the acquisition of financial debt specialist StoneCastle Asset Management -
Past returns: Would-be CLO buyers turn sellers
4 years ago
Five years ago in Creditflux, we reported that the new generation of US 2.0 CLO managers were striving to grow their CLO AUM through manager acquisitions; namely, Benefit Street Partners and Triumph Capital Advisors, the pair having issued their debut CLOs in 2012 and 2014, respectively. -
Ares buys seven CLOs from Crestline Denali
4 years ago
Ares Management has bought management contracts for seven Crestline Denali CLOs -
TPG in talks to split from credit arm TSSP - media reports
4 years ago
Private equity firm TPG is in talks to split with its credit arm TPG Sixth Street Partners, according to media reports, with TPG considering looking to launch and build out its own internal credit platform
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