Mid market CLO league tables: KeyBank notches first new issue credit
Managers priced one new issue and one reset in the mid market CLO space in June for a total of $603.1 million, the lowest monthly figure since January when $590 million was priced

Churchill raises $700 million CFO after targeting insurance company investors
Churchill Asset Management has raised $700 million for a collateralised fund obligation that will straddle its private credit and private equity business

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

Blackstone follows up static CLO with mid market deal
Blackstone Credit has begun July on an issuance spree as on Tuesday it priced its second new issue mid market CLO this year 

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

EU inflation prints frame challenge ahead as horror show first half ends
Financial markets are heading into the weekend with a rare stationary session, but the mood is more one of shellshock than considered positioning, after one of the worst first halves to a year on record

GSAM buys stake in US direct lender
Goldman Sachs Asset Management has taken a stake in $15.1 billion US lower middle-market direct lender 

CLO official takes top role as Onex announces new credit leadership
Onex Credit Partners has announced a new leadership structure with two co-heads of credit replacing the CEO that left late last year. One of the promotions is an experienced CLO official 

Oaktree identifies CLOs among top picks in credit
Oaktree Capital Management’s head of performing credit Armen Panossian has outlined CLO tranches among his three favoured investments in this market

Real estate lender T30 forms social impact partnership with Blueprint
T30 Capital has formed a strategic partnership with credit investment advisor Blueprint Capital Advisors to scale its commercial real estate lending business

Onex points to "variety of personal and market" reasons as it addresses CLO exodus
Onex Credit Partners has responded to questions about the stream of professionals that have left in the last few months

Silver Point hires CPP official to private credit business
Silver Point Capital has hired to its private credit team

Victory Park collects $2.4 billion for asset-backed credit strategy
Victory Park Capital has raised $2.4 billion for its latest asset-backed opportunistic credit strategy

Antares looks to support underrepresented groups with $1 million entrepreneur programme
Antares is granting $1 million of its own capital to entrepreneurs who are part of diverse and historically underrepresented groups

Ivy climbs to $115 million final close for US direct lending fund
Ivy Asset Group has held a $115 million final close of its US direct lending fund named 2022 Ivy Credit Opportunity Fund

Mid market CLO league tables: Familiar feeling as Golub and Natixis lead after tumultuous month
Only $1.15 billion of mid market CLO issuance was priced in May, for the quietest month in the space since January

Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

Vida hires managing director for private credit team
Vida Capital has made a senior appointment responsible for “driving strategic business partnerships to support the company’s sourcing, direct lending, esoterics and private credit transactions"

LP round up: Oak Hill wins $300 million for strategic credit and Arcmont eyes fund four
US investors allocated nearly $1.5 billion to credit funds in May, with managers to win mandates including: 400, Accel-KKR, Advent, Arcmont, ArrowMark, Comvest, Edelweiss, Francsico, Oak Hill, Sixth Street and Sprott

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

"ESG should not be viewed as a set of principles being imposed on investors — it’s a natural evolution"
It’s not easy for fund managers to assess the most green option  

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

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

Angelo Gordon closes $3.1 billion credit solutions fund in seven months
Fundraising for AG Credit Solutions II means the firm’s all-weather distressed and special situations platform has grown to $11 billion.

Pantheon exceeds $500 million target for second private debt secondaries fund
Pantheon has held a final close of its second private debt secondaries fund, Pantheon Senior Debt II, at $834 million