"Purchasing IG CLO debt was a key driver of success for 1.0 CLOs"
Longer reinvestment periods, the ability to buy IG tranches and improved loan settlements would improve CLOs

Landmark Sofr loan nears with spread adjustment giving taste of things to come
The first fully-Sofr US loan is getting closer 

Vista collects $2.3 billion for third software-focused credit fund
Vista Credit Partners has held a $2.3 billion final close of its third flagship software focused credit fund, Vista Credit Partners Fund III, above its $1.5 billion target

M&G launches ESG loan fund with Prudential UK and Kapan backing
M&G has launched a leveraged loan fund focused on environmental, social and governance

CIFC launches $2bn loan SMA with Texas pension fund
CIFC Asset Management has teamed up with Teacher Retirement System of Texas to launch a separately managed account named Texas Debt Capital LP to invest in senior secured loans

Senior credit PM departs M&G after 20 years to join Insight
Insight Investment has hired a senior portfolio manager within its strategic credit team from M&G

Co-head of Blackstone's GP stake-buying business to join Angelo Gordon
Angelo Gordon has snapped up a big name from Blackstone

Stifel hires head of leveraged finance capital markets in new role
Stifel Financial has hired to a newly created role of managing director, head of leveraged finance capital markets in New York

Fitch cuts US leveraged loan default rate projection
US leveraged loan default rate is anticipated to be just 1.5% by year-end 2022, according to a new report from Fitch Ratings. That’s down from the rating agencies’ original 2.5%-3.5% projection

Variety of US CLO-eligible loans makes ramping up a joy [CLO Symposium video]
A buoyant US CLO market is basking in a golden summer with record issuanc. Speakers at Creditflux’s CLO Symposium earlier this month pointed out a vibrant loan market means CLO issuers are spoiled for choice

Alcentra makes leadership changes as European CLO head Rainbow goes part-time
Alcentra has announced changes to its leadership team with co-chief investment officer of liquid credit Graham Rainbow deciding to take on a part-time role at the firm

"The CLO industry can be a little clubby… it feels like there are few advocates"
Pension Danmark's David Altenhofen taks our credit quiz 

CLOs face uncertainty as Libor rate deadline looms
CLO equity valuations could be increasingly under the spotlight in coming months, as sources warn of disruption while the market grapples with basis risk between Libor and Sofr in loans and CLO notes

TriMark court ruling encourages peace between lenders
Many CLO managers breathed a sigh of relief in August, with one source indicating a recent court case decision sent a “clear signal that the spate of lender-on-lender violence in the leveraged loan market will not remain unchecked”

Euro CLO managers fume as settlement slowdown worsens
European loan investors are growing frustrated at the time it takes to settle primary market transactions, with recent hold-ups leaving CLO portfolio managers particularly disappointed.

The growing role of data in CLO management
The complexity of managing a CLO has made it as much an art as a science, but new technologies are sweeping into the market, according to speakers on a Virtus roundtable discussion.

An alternative way of looking at CLO overlap
Analysing CLO collateral to look for overlap is critical for any CLO investor, but it is normally done either within a portfolio of CLOs or by bilaterally comparing two managers. In one of its latest research pieces, Moody’s Analytics has taken a different approach

"Do not rush to set up a check-box approach with negative screening and start de-investing"
Instead of rushing through an ESG framework, asset managers need to adopt a long- and short-term approach

Credit hedge funds (September 2021)
Credit hedge fund returns

Ucits at a glance: Loomis Sayles makes gains in sleepy July
Ucits fund returns

Intriva adds to asset management build up with senior hire
Intriva Capital, a mid-market lender and alternative investment firm, has hired a senior asset manager from HIG Capital

Lingering covid vies with inflation as top credit threat, finds BofA
Covid-19 lingering is catching up with inflation as credit investors' number one worry, Bank of America's August survey has found. The picture for central bank purchases is bullish, but strategists see industrial and bank senior bonds as shorts for contrarians over the summer

B. Riley hires ex-Jefferies high yield head and plans fixed income expansion
B. Riley Securities has hired Tim Sullivan as head of fixed income with the firm expanding its fixed income division

"Alongside larger private equity funds, loan volumes will continue to grow"
Spire's Phil Bennett-Britton takes our credit quiz