- Direct lending (25)
- Emerging markets (1)
- High yield bonds (15)
- Investment grade credit (4)
- Structured credit (5)
- CLO (95)
- Distressed debt (21)
- Credit derivatives (6)
- Leveraged loans (19)
- Real assets (2)
Global CLO league tables at a glance - November 2019 YTD3 days ago
Global CLO league tables at a glance - November 2019 YTD
US CLO league tables: CSAM pulls away from pack3 days ago
The back and forth tussle between Octagon Credit Investors and Credit Suisse Asset Management for the lead in the US CLO issuance league tables took a new turn in November
CLO pipeline: high triple C bucket opens a Gateway to pricing11 days ago
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions
GSO official to join distressed debt manager Kennedy Lewis12 days ago
The head of capital markets at GSO Capital Partners, who serves as a portfolio manager, will join distressed debt firm Kennedy Lewis Investment Management as a partner in 2020
GSO completes 12th CLO transaction of 2019 as junior spreads edge wider1 month ago
It has been, by the firm's own standards, a slow year for the largest CLO manager globally, but nevertheless GSO Capital Partners has completed 12 transactions in 2019
Points up front: Talking his book (which is available on Amazon)1 month ago
For listed asset managers, an earnings call is generally not the right forum to market or advertise upcoming funds. But it might be exactly the right place to try and sell your book.
CBOs aren’t fixated on interest rate moves1 month ago
The loan sell off at the start of this year highlighted that CBOs are not a play on interest rates or bond prices — they’re taking advantage of the flexibility to rotate between loans and bonds
GSO markets its largest new issue CLO of 20191 month ago
GSO Capital Partners is partnering with Goldman Sachs on the manager’s fourth new issue US CLO of 2019 Beechwood Park, 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 at a glance2 months ago
A round-up of CLO performance
Global CLO b-wic round-up: US and European double B trading patterns diverge2 months ago
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.
TCI-Symphony and GSO refinance single tranches of 2016 CLOs2 months ago
Two CLO managers on Friday refinanced single tranches of their 2016 deals, according to market sources. TCI-Symphony and GSO Capital Partners priced seemingly mirror image transactions, having refinanced the mezzanine notes of the CLOs last November
Wells Fargo AM makes big credit hire to co-head its private strategies team2 months ago
Wells Fargo Asset Management has appointed Vincent Lu to co-head the firm’s private strategies, according to an internal memo seen by Creditflux
Last of GSO's co-founders departs3 months ago
It's the end of an era as GSO Capital Partners co-founder Bennett Goodman (the 'G' in GSO) will step down from the firm at the end of the year
US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million4 months ago
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.
- A key CLO triple A investor dropped back from the market in the second quarter of 2019, but, remarkably, CLO spreads tightened as repricings came back and other investors drove demand4 months ago
CLO pipeline: CSAM and Octagon look to move further ahead of the chasing pack4 months ago
The CLO pipeline in all three markets looks similar to last week with a reduction of only around $500 million in predicted new issue volumes in each of the US, European and mid market CLO spaces. But all three of these market segments look healthy with new issues and refinancings being favoured by managers
GSO adds $10 billion to inflows with direct lending, structured credit and energy4 months ago
Blackstone grew its credit assets under management to $139.3 billion, up 13% on a year ago, according to the firm's second quarter earnings release
Global CLO round-up: it's time to rethink benchmarks4 months ago
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.
Junior triple A tranches return as GSO prices US CLO4 months ago
GSO Capital Partners has tapped the CLO market once again with another new issue transaction via Barclays
GSO makes big hire to co-lead distressed investing5 months ago
Blackstone's credit platform has appointed an ex-Goldman Sachs official to co-lead its distressed debt business
GSO generates $4.5 billion capital for energy-focused credit fund5 months ago
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close
US CLO b-wic round-up: secondary volumes reach new heights with equity lagging5 months ago
The US CLO secondary space saw almost $1.8 billion of paper listed last week according to CLO-i, a record amount for this year. Equity, however, did not draw much interest
- Two firms that have been in the market for fewer than seven years were named the top managers at the Creditflux awards last month. Manager of the year Spire only issued its first CLO in 20156 months ago
- We know the arbitrage for CLO equity is never perfect, but the arb progressively deteriorated through 2018. Since January, the picture has worsened further after a brief respite in December6 months ago
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