First Eagle buys US CLO manager THL Credit1 day ago
Two years after establishing its credit business with the acquisition of NewStar Financial, First Eagle Investment Management is aiming big again after striking a deal to buy THL Credit Advisors
The Last Tranche with THL’s Herzig: loan bifurcation and the direct lending safety net29 days ago
For Creditflux's Last Tranche podcast, THL Credit’s Michael Herzig joins Hugh Minch and Seth Brumby to talk, among other things, about bifurcation in the US loan market, why some borrowers might suffer refinancing woes and how large direct lending funds can step in to provide financing to even large-cap companies
CLO issuers split triple Bs as mezz demand shrinks1 month ago
A sharp fall in US loan prices has meant that the value in CLO structures is shifting out of mezzanine tranches and into equity. There is a similar dynamic at play in the credit index tranche market, where sources say value has shifted out of mezz and into equity amid an increase in idiosyncratic credit risk.
Global CLO b-wic round-up: volumes jump as investors get their triple A fix1 month ago
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position.
THL joins group of managers to refinance 2017 CLOs2 months ago
THL Credit Advisors yesterday joined the short but growing list of managers to refinance a 2017 CLO, according to market sources
Beyond blacklists: the next step in ESG2 months ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
CLOs finally get green cards as ESG makes its way to US market2 months ago
The rapid rise of environmental, social and governance (ESG) guidelines in financial markets has made its way across to the US CLO market, with several managers and investors last month announcing strategies geared towards ESG compliance.
THL prices second CLO of the year backed by broadly syndicated loans2 months ago
THL Credit Advisors on Friday priced its second CLO of the year backed by broadly syndicated loans, according to market sources
US credit managers make ESG breakthrough after taking a first step via UNPRI3 months ago
Incorporating a framework for investing in companies based on environmental, social and governance (ESG) factors is a challenge that US credit managers are accepting in growing numbers
THL updates credit investment framework to include ESG3 months ago
THL Credit Advisors has announced that it has developed an investment framework for assessing environmental, social, and governance (ESG) factors in analysing credit quality and risk factors
THL-managed fund expands investment mandate to include CLOs3 months ago
The decision, recently approved by the board of directors, is expected to enhance the fund’s original investment strategy,
THL returns with second middle market CLO offering3 months ago
THL Credit Advisors on Friday priced its second CLO backed by loans to middle market companies
CLO pipeline: US takes up baton after European July sprint4 months ago
The US CLO market is ready to kickstart issuance in August as nine deals have been added to the running pipeline.
THL anchor CLO equity seeks purchase in secondary market4 months ago
Up for auction later today is the 15th controlling stake in a US CLO this year, with nine of the previous 14 having failed to trade
CLO pipeline: deal flow picks up as Amherst and SocGen work on mandates5 months ago
This week’s CLO pipeline looks very healthy in the US broadly syndicated loans CLO market with Amherst Pierpont and Societe Generale among the firms working on mandates
Los Angeles pension fund narrows down global direct lending search to four managers6 months ago
Los Angeles City Employees Retirement System (Lacers) has listed the finalists for a private credit mandate, according to an agenda document seen by Creditflux.
Managers slide down term curve7 months ago
PGIM and Voya were among managers issuing short dated deals in the first quarter. These CLOs, along with a surge in b-wics, kept up the supply of short dated paper as refinancings fell away
It’s possible to be big — and still be picky7 months ago
Our analysis of 2018 CLOs shows that firms such as Credit Suisse Asset Management and Sound Point Capital Management have built loan portfolios that are different to the rest of the market.
BNP Paribas lands double punch with two CLOs in a day8 months ago
BNP Paribas made a $1.11 billion splash in the US CLO market on Friday, pricing two new issue CLOs.
Mid market CLO league tables: Natixis dominates in Q1 as middle market diversifies8 months ago
The middle market CLO space has seen less activity at this stage of the year compared to 2018.
CLO pipeline: managers decide there's no point hanging about with quick-fire CLOs8 months ago
The CLO pipeline for the coming week shows signs of decent flow as managers ready themselves to offload deals.
Creditflux reveals finalists for most competitive Manager Awards ever8 months ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May
US CLO round-up: choose your own reinvestment period8 months ago
Reinvestment periods have played an important role so far this year, with 30.8% of the new issue market opting for terms shorter than four years
THL prices two CLOs in a single day, including first middle market-backed deal8 months ago
THL Credit Advisors left a $914.65 million mark on the CLO market on Friday by pricing two new issue deals, including its first transaction backed by middle market assets
THL prepares $505 million CLO alongside Natixis9 months ago
THL Credit is looking to issue a new CLO via Natixis named THL Credit Wind River 2019-1
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