CVC launches dedicated private credit secondaries platform
The alternative asset manager tapped Henri Lusa, a former managing director at Partners Group, to lead the new effort

Mizuho taps head of sponsor coverage and levfin for EMEA
The bank named Waqaas Lone to the role and also appointed a deputy head of sponsor coverage and leveraged finance for the region

Deutsche Bank, DWS and Partners Group to launch alts fund for wealthy European investors
The new private markets fund will be available in the third quarter and distributed to the bank’s qualified private clients

Crescent hires MDs for significant risk transfer strategy
The private credit manager’s bank capital solutions strategy focuses on credit risk-sharing deals

Hayfin hires head of capital markets
The new managing director joins as the firm seeks to pursue larger private credit deals

Dechert lifts four-person CLO lawyer team from Orrick
The law firm tapped Sushila Nayak to serve as leader of the London-based CLO effort

Partners prices its first new European CLO of 2025
The deal is among the first impacted by a new interpretation for EU risk retention

Invesco slightly narrows triple A spreads with single-tranche Euro refi
The transaction repriced EUR 183m of triple A paper for the 2020-vintage CLO

Apollo stuns market with end-of-week Euro triple-header
The US-based asset manager priced three European CLOs on Friday, together valued at over EUR 1.28bn

HSBC makes a splash with first lead-arranger credit
HSBC has teamed up with CVC Credit Partners to print a EUR 102.5m partial refinancing of a 2022 vintage CLO in the bank's first lead arranger credit in many years

LP round up: opportunistic credit dominates as investors allocate $2.2 billion
US institutional investors invested at least $2.2 billion to credit funds in March, according to documents seen by Creditflux, with opportunistic credit funds dominating commitments

Cross Ocean targets next week pricing for European CLO via Deutsche Bank
The CLO’s triple As are 0.8 times covered at 180 to 185 basis points, the latest marketing blast reveals

Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige. 

CLO rankings: manager AUM, advisory firm and trustees Q4 2022
As 2022 draws to a close manager consolidation through mergers and acquisitions have been balanced out by new market entrants to leave roughly the same number of managers that entered the year, at least for now.

Powell outlook brings risk buyers out in droves, but reality check looks soon to follow
Comments by US Federal Reserve chairman Jerome Powell on Wednesday on the pace of future rate hikes have prompted a sharp rally across global financial markets, including credit. But dissenting voices have already begun to point out the enthusiasm is likely overdone

European CLO managers trade loans to avoid (par) burn
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine

CVC issues print-and-sprint Euro CLO as Goldman marks comeback
Goldman Sachs returned to European CLO arranging duties last week as CVC Credit Partners priced a print-and-sprint deal

Relief rally extends despite US and EU sending mixed signals on recession
Growth and inflation data on Friday has added impetus for the European Central Bank to maintain a hawkish stance at its September meeting, despite US signals suggesting that economy is in recession

Blackstone prints Euro CLO triple As at tight 170bp
Blackstone priced its latest European CLO yesterday with triple As pricing at least 50bp tighter than current market levels

Mixed signals abound but European weakness persists
European financial markets are losing further ground against the US in a cautious start to the week, as the euro approaches parity with the dollar for the first time and latest data supports the Federal Reserve maintaining a hawkish approach to policy

Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B.

Europe vs US arb hits resistance as dislocation becomes more extreme
Recession fears have pushed several different asset classes to key psychological levels, while leaving European and US credit markets at a high level of dislocation

Manager selection stakes are heightening as CLO pain points intensify: Barclays
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists

Euro CLO triple As to tighten as new investors enter
CLO market participants anticipate European CLO triple As will grind tighter over the coming weeks as new buyers gobble up paper.

Partners goes long again with five-year European CLO
-Partners Group has priced its latest European CLO, named Penta CLO 10