Creditflux

Connecticut $36 billion pension hires first chief risk officer
The Connecticut Retirement Plans and Trust Funds has hired its first-ever chief risk officer

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
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.

Shenkman affiliate prices first new issue CLO after 12-month hiatus
Romark Credit Advisors, the Shenkman Capital Management affiliate formed for risk retention compliance, has priced the third CLO under its own moniker named Romark CLO III

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

Shenkman targets $500 million for opportunistic credit fund
Shenkman’s opportunistic fund will aim to take advantage of the volatility in the market

High yield bond experts spurn mock HY bond due to ‘red flags’
"It’s got more red flags than a communist party convention"

Citi prints three US CLOs in one day
Citi priced three US CLO transactions on Friday with deals for Carlyle Group, Intermediate Capital Group and Romark

Shenkman adds single B tranche in refi of 2015 CLO
Shenkman Capital Management has inserted a single B tranche into its 2015 CLO as part of a refi transaction

Two CLOs restructured for a second time by Citi
Citi priced a CLO reset and reissue on Thursday, market sources say

Shenkman affiliate adds single B tranche following CLO reset
The risk retention vehicle affiliated with Shenkman Capital Management priced a short-dated CLO reset yesterday

Shenkman prices first primary deal since 2015 with CLO refi
Shenkman Capital Management has priced its first deal in the CLO primary market since June 2015, completing a $406 million refinancing earlier today

Shenkman redeems debut CLO for 17% IRR, according to CLO-i
Shenkman Capital Management has redeemed its debut CLO, Westbrook CLO I, according to data from CLO-i

Shenkman returns to its regular CLO arranger to market its next deal
Sources say the manager is preparing a $412 million CLO, with pricing expected next week

New York-based credit manager plans new energy opportunities fund
A corporate credit specialist, with over $25 billion in AUM, is planning a new energy credit fund  

Shenkman prices upsized CLO following strong investor demand
Shenkman Capital Management priced its first CLO of the year yesterday, according to market sources. The deal was upsized by $50 million as a result of high investor demand

Investors pile into Shenkman deal as CLO nears pricing
Price guidance has been released for Shenkman Capital Management's forthcoming CLO, Jackson Mill. Sources say that all of the deal's debt is oversubscribed, with pricing expected tomorrow morning

Manager opts for Credit Suisse as it prepares first CLO of the year
A New York-based CLO manager is preparing a $509 million deal with Credit Suisse, having primarily worked with Bank of America Merrill Lynch on previous CLOs

Shenkman hires portfolio manager for new structured credit business
Having spent the last 18 months building its loan business, Shenkman Capital Management is now assembling a new structured credit investment unit.

New York-based CLO manager hires another former CSAM official
A large high yield manager with a growing CLO platform has hired a CLO administrator. He is certain to be familiar with other members of the team

Something for everybody: CLO discount play extends to junior notes
Nomura yesterday carved out a variety of different securities as it priced a $552.5 million CLO. For the first time, the discounted triple-A play that has been prevalent has been extended to junior notes

High yield giant picks Nomura as it inches towards CLO number six
Nomura has landed a big mandate in CLOs, after being tasked with getting a $25 billion credit manager over the line as it bids for a sixth CLO

Shenkman produces $520.6 million US CLO
New York-based Shenkman Capital has priced its first CLO of the year, sources say

BAML markets $520 million CLO for large credit manager
An established credit manager is launching its fourth 2.0 CLO. Its previous deals have receieved substantial backing from key equity investors