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

Axa IM and Canyon print their second new CLOs of 2021 tight of market averages
Axa Investment Managers and Canyon Partners each priced their second new issue CLOs of the year on Monday, with both scoring triple A spreads tight of the 10-day rolling average

Los Angeles manager launches PE-style junior CLO fund
The firm appears to have raised at least $55.8 million with the backing of 36 investors 

Points up front: Writing the book on CMVs
Former Canyon Partners CLO head Dominique Mielle has gone from poring over CLO documentation to writing a novel about her experiences in the credit industry

Canyon splits triple As into senior and junior notes following CLO refi
Canyon Capital teamed with Barclays on Friday to refinance the entire stack of Canyon CLO 2019-1

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Canyon partners with JP Morgan on US new issue CLO
Canyon Partners priced a new issue CLO on Friday with funding costs of just 164.48 basis points

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

Canyon joins exclusive group of 2020 CLO resetters with upsized deal
Canyon Partners became one of the early resetters of a 2020 CLO on Friday, upsizing the deal by $165.5 million in the process

Canyon reissues 2015 CLO in $420.1 million deal
Canyon Capital has reissued a legacy CLO as a new $420.1 million deal named Canyon CLO 2021-2

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

Canyon and Sixth Street pick JP Morgan for new CLOs
JP Morgan has arranged new CLOs for Canyon Capital and Sixth Street Partners

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

AlbaCore adds distressed hire among raft of new arrivals
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46

Canyon achieves tight print with its first five-year CLO of 2020
Canyon Capital has priced its first five-year CLO since the March sell-off

CLO pipeline: New issuance pause ends as managers look to gain from rallying spreads
It is two and a half weeks since the last US CLO new issue priced, but that is set to change and Bridgepoint’s debut European transaction on Friday brought an end to Europe’s own two-and-a-half-week primary break

Canyon prints its first reinvesting CLO of 2020 as junior debt tightens
Canyon Capital has priced its second CLO post-covid, and its first reinvesting deal of 2020

Canyon launches structured credit opportunities fund
Canyon Partners has amassed $113 million for its Canyon Structured Credit Opportunity Fund

CLO double Bs go on late night b-wic as spreads tighten sharply
Investors are piling into junior US CLO tranches as traders begin to see economic recovery following the pandemic

US CLO league tables: coronavirus brings changes in approach and new top manager
Amid a big slump in CLO primary issuance, new deals have taken focus and there are some notable changes at the top of the league tables

Global CLO b-wic round-up: equity makes a return as investors search for price levels
Three European CLO equity bonds have traded with colour attached in the last two weeks in the secondary market

Global CLO b-wic round-up: spreads tighten across the board as bond-flex CLOs trade well
Price levels have tightened and, more importantly, stabilised across the secondary CLO market over the last two weeks, but the Easter break led to a drop off in CLO b-wic supply

Yes they Canyon: west coast manager joins group of post-covid 19 CLO issuers
Canyon Capital has joined the exclusive group of managers to price a new issue CLO amid the crisis stemming from the coronavirus pandemic