Defiant CSAM prices benchmark-setting US CLO after Nomura's rapid deal execution
Credit Suisse Asset Management has demonstrated that no matter the troubles of its parent bank, CSAM remains a force as a CLO issuer.

Nomura's private capital unit launches credit interval fund
Nomura Alternative Income Fund has a flexible allocation across private and public credit sectors, depending on relative value opportunities

Hilltop hires CIO for real estate credit business
European real estate credit specialist Hilltop Credit Partners says it has hired Claudiu Gheorghita as chief investment officer.

CLO 2023 Outlook: CLOs look set to rise to the challenge of a tough 2023
CLO researchers had an (understandable) inability to accurately predict the staggering array of macro shocks that affected the CLO market this year. So it comes as a surprise that overall CLO issuance reached a lot closer to anticipated levels than many would have expected back in Q2

CSAM and CVC take different paths to benchmark 220bp US CLO triple A print
Credit Suisse Asset Management and CVC Credit Partners each came out with a new CLO on Tuesday with senior triple A notes yielding 220 basis points over Sofr, proving the benchmark triple A print for tier one CLO managers is unchanged since October

US CLO pipeline: PPM returns to playing field after 14-month absence
Five fresh deals have made their way on to the pipeline this week, including PPM Loan Management company preparing to end its 14-month drought

Ares prints new US CLO with 220bp senior triple A print
Ares Management priced a new CLO on Monday with a senior triple A spread of Sofr plus 220 basis points

Ares markets new $400 million CLO via Nomura
Ares Management is marketing a new CLO via Nomura, with pricing expected next week

PGIM prints five-year US CLO as investors brace for spreads to move wider
PGIM has marked a quick return to the US primary CLO market by pricing Dryden 106 on Tuesday via Nomura. But the overriding feeling is that primary CLO spreads are vulnerable to another bout of volatility

PGIM to pair with Nomura for second new US CLO of 2022
PGIM is working with Nomura on a forthcoming CLO named Dryden 106, which is set to be the manager's second new issue arranged by the bank this year

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

190bp emerges as senior triple A benchmark as Octagon prints new CLO
Octagon Credit Investors priced a new CLO via Nomura on Thursday, placing its senior triple A notes at the market tights of 190 basis points over Sofr

US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points

CSO equity investors line up deals amid dispersion threat
Synthetic bespoke tranche issuance has hit an impasse in recent months, denting projections for overall 2022 business at the mid-year point. But unlike the covid sell-off of 2020, wider spreads have created a queue of buyers ready to drive deals if condition

CLO market drifts wider with benchmark issuer CSAM's five-year deal
Credit Suisse Asset Management returned to the CLO market on Wednesday after taking June off

KopenTech launches digital peer-to-peer CLO trading platform
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs

CSAM markets five-year US CLO with guidance pointing to tight print
Credit Suisse Asset Management is looking to price a five-year reinvestment CLO early next month, in what could be the largest US CLO in two months 

AGL prices tight CLO triple As as market shifts wider
AGL Credit Management achieved tight execution on a US new issue CLO

BlackRock CLO establishes 150bp new US triple A benchmark
BlackRock has priced a new CLO named Magnetite XXXIII, placing the deal's triple A notes at 150 basis points over Sofr

Twosday: Neuberger Berman and PGIM price second deals of the year on palindrome date
Neuberger Berman and PGIM made quick returns to the primary US CLO market yesterday after 1.1 and 0.6 months away, respectively

CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition.   

Octagon and Pimco tap CLO refi market
Octagon Credit Investors and Pacific Investment Management Company each turned to the CLO refi market on Thursday resulting in just short of $800 million pricing

Marathon sees value in Sofr CLO tranche over fixed-rate option
Marathon Asset Management stole a march on other CLO issuers by including a Sofr tranche as part of a new issue transaction on 10 November via Bank of America. Officials at the company say the Sofr tranche makes a compelling alternative to a fixed-rate tranche

NatWest hires head of Emea leveraged credit sales
NatWest has tapped Nomura for a head of leveraged credit sales position after its head of credit sales left for Jefferies in September