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Ares/Crestline CLO overlap jumps to 60% following Ares takeover, Fitch says
3 years ago
CLO acquirers have been busy converting purchased portfolios to their house-style, according to research by Fitch -
Mount Logan completes mid market CLO acquisition for $3 million
3 years ago
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 -
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 -
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 -
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 -
MeDirect CLO team seeks spin-off from bank
3 years ago
The specialist credit team at MeDirect is looking for a strategic partner to spin off from the bank -
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 -
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 -
Assured Guaranty to buy BlueMountain for $160 million
4 years ago
Assured Guaranty has agreed to buy BlueMountain Capital Management, as well as its associated entities, for $160 million -
Morningstar eyes credit rating expansion as it announces DBRS acquisition
4 years ago
Morningstar today announced it has entered an agreement to acquire DBRS for $669 million, according to a statement from the firm -
Atalaya purchases Telos CLO business
4 years ago
Atalaya expands into CLOs to compliment existing private credit platform -
US CLO manager JMP Credit rebrands following majority acquisition by Medalist
5 years ago
Medalist has bought a majority stake in the US CLO manager from a subsidiary of JMP Group -
LibreMax moves into CLO management with Trimaran acquisition
5 years ago
LibreMax Capital is set to buy US CLO manager Trimaran Advisors from Kcap Financial for $37.9 million -
AIG makes dramatic return to CLOs with US manager acquisition
5 years ago
Eight years on from selling its asset management arm (which included 11 CLOs) to Pacific Century Group, AIG is embarking on a return to CLO management -
Pretium adds to its US CLO AUM with another acquisition
6 years ago
A boutique US CLO manager has sold two management contracts to fast-growing Pretium -
Japanese bank to buy minority stake in CLO boutique GreensLedge
6 years ago
A Japanese bank is taking its relationship with GreensLedge to the next level by buying a 20% stake in the New York-based firm -
Mortgage credit specialist Pretium steps in to back Valcour's CLO ambitions
6 years ago
Stamford-based Valcour Capital Management has been acquired by real estate and mortgage credit specialist Pretium Partners in a transaction which boosts Valcour’s prospects of returning to the US CLO market. -
NewStar picks up Fifth Street CLOs for $16 million
6 years ago
Acquisitive CLO manager NewStar Financial has announced that it has reached an agreement to take on two middle-market US CLOs
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