Fortress taps BlackRock for sponsor coverage hire
Fortress Investment Group has hired a new director to focus on sponsor coverage and origination in in Fortress’ credit business

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

Fortress teams up with Goldman on $475 million BSL CLO
Fortress Investment Group priced a new transaction on Thursday in its series of CLOs backed by broadly syndicated loans

Fortress partners with Goldman on new BSL CLO
Fortress Investment Group priced a new CLO via Goldman Sachs on Thursday

Rope-a-dope brings knock-out returns
Post-pandemic US and European CLOs delivered mid-teen equity returns in 2022, despite a barrage of weak macroeconomic news and what could have been a heavyweight Libor mismatch  

Fortress issues 2023's first CLO backed by middle market loans
Fortress Investment Group has priced the first middle market CLO of the new year

US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

Fortress goes for longer tenor as CLO spreads widen
Fortress Investment Group has priced a new US CLO with a four-year reinvestment period and pricing at the wider end of recent issues

US CLO pipeline: $100bn new issue mark about to be surpassed
Seven US CLO managers join one holdover in the new issue US CLO pipeline this week, as the market bears down on $100 billion of new issuance in 2022

Fortress goes short with new three-year reinvestment CLO
Fortress Investment Group priced a new CLO via Natixis on Thursday, opting for a short three-year reinvestment period

Mid market CLO league tables: Natixis extends lead with two new issues but SocGen stays close
Of the three mid market CLO new issues that priced in August, market leader Natixis arranged two of them to put some breathing room between it and its nearest rivals

Fortress adopts unusual triple A debt structure on latest mid market CLO
Fortress Investment Group priced a new middle market CLO on Wednesday with an unusual triple A debt structure

US CLO pipeline: like a (Center)bridge over troubled water
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges 

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

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

Fortress prices widest CLO triple As of 2022, but that's no obstacle
CLO triple As reached 162bp on Friday as Fortress priced a US deal. The firm has priced wide CLOs before, but that has not held it back from producing some of the best equity distributions in the industry 

Former JP Morgan CIO head of CLO investments lands at big asset manager
An experienced CLO investor, known for buying triple A rated CLO paper for over a decade, has landed at an asset management firm

US managers eye growth potential in European CLOs
The legion of European CLO managers is set to grow this year, with US issuers harbouring ambitions to become global players in the CLO business.

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway

Global CLO league tables - January 2022 YTD
Global CLO league tables - Jan YTD