ABS specialist LibreMax partners with fintech platform iCapital
New York-based securitized credit specialist LibreMax Capital has teamed up with fintech platform iCapital

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

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

LibreMax hires to CLO team in New York
A former RBC Capital Markets CLO and ABS trader joins LibreMax in New York

LibreMax collects $225 million for structured credit fund
LibreMax Capital has closed its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, at $225 million

LibreMax CLO head Moffitt joins Investcorp as US credit head as Feeley resigns
Investcorp has appointed ex-LibreMax CLO head David Moffitt as new co-head of US credit management following the departure of Jim Feeley

LibreMax's former corporate credit head sets up distressed debt firm
The former head of orporate credit at LibreMax Capital is preparing to launch a new distressed debt firm after securing an anchor investment

Garrison BDC agrees to merge with Portman Finance
As part of the transaction, Portman will assume Garrison’s on-balance sheet CLO liabilities upon closing 

Hayfin brings in structured credit big hitters in New York
Hayfin Capital Management has bolstered its structured credit division in New York

LibreMax wins $200 million for structured credit managed account
The managed account will target 10 to 40 investments across a range of different strategies including CLOs, consumer, residential, commercial and regulatory capital.

US credit managers make ESG breakthrough after taking a first step via UNPRI
Incorporating a framework for investing in companies based on environmental, social and governance (ESG) factors is a challenge that US credit managers are accepting in growing numbers

US CLOs thrive as managers embrace secondary loan market
Leveraged loan issuance is supposed to feed and keep CLOs healthy, but a 62% slowdown in US loan volumes this year was accompanied by average CLO equity distributions ticking 19% higher.

CLOs at a glance

A round-up of CLO performance

Trimaran prices first CLO since LibreMax takeover
Trimaran Advisors has priced its first new CLO since its acquisition by LibreMax Capital in November last year

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.

LibreMax and TowerBrook join forces to invest in Trimaran CLO equity
LibreMax has confirmed that it is partnering with TowerBrook Capital Partners to invest in the equity of CLOs launched by its affiliate Trimaran Advisors

LibreMax strikes CLO equity deal after acquiring Trimaran
LibreMax is a name associated with managing hedge funds, but the firm is expanding into long-term strategies, geared towards lock-up funds. 

LibreMax moves into CLO management with Trimaran acquisition
LibreMax Capital is set to buy US CLO manager Trimaran Advisors from Kcap Financial for $37.9 million

LibreMax eyes esoteric assets as it makes major structured credit hire
Market sources say US hedge fund manager is looking beyond hedge fund structures for a new business aimed at esoteric credit assets. To lead this project, the firm has hired a big name in CLOs and structured credit

LibreMax and DoubleLine pitch for structured credit mandate
LibreMax Capital and DoubleLine are in the running for a structured credit account to be managed for a $3.3 billion pension fund

Kentucky pension fund allocates $40 million to credit managers
Kentucky Retirement System has been allocating to credit this year as new chief investment officer David Peden settles into his new role.