First Eagle brings first new mid-market CLO since start of Ukraine crisis
First Eagle Investment Management has priced the first new middle market CLO since Russia's invasion of Ukraine sparked high volatility in the credit market

Crestline collects $3.6 billion across three private credit fund closes
The Fort Worth, Texas-based manager has closed its fourth opportunistic credit fund, third direct lending fund and second portfolio financing fund

Oaktree buys majority stake in 17Capital
Oaktree Capital Management has bought a majority stake in net-asset-value financing specialist 17 Capital

Experienced structured credit official raises $250 million to lend to VC-backed companies
Peter Thiel-backed investment management firm Tacora Capital has closed its inaugural fund at $250 million

StepStone scores AAA rating for listed bond linked to US direct lending portfolio
StepStone Group has sponsored a $102.5 million securitisation of US direct lending loans that is listed on Mexico’s BIVA Stock Exchange in what it claims is the first transaction of its kind in Mexico

MKP partner joins Orchard in new global distribution role
Orchard Global Asset Management has hired an experienced figure from MKP Capital in the newly created role of global head of distribution and investor relations

Constellation buys into real estate and mid-market corporate specialist
Constellation Capital has bought a passive, minority equity stake in Post Road Group, according to a joint-announcement. The transaction comes shortly after Post Road raised over $300 million for Post Road Special Opportunity Fund II

Mid market CLO league tables: diamonds are for 2019 and BCRED is for now
Middle market CLO issuance is off to a fast pace in 2022 as a busy February welcomed three new issue CLOs and three resets – adding $3.8 billion to this year’s tally of $4.39 billion

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Spac pricing hints at Sound Point's growth ambitions in loan market
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform

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

AB targets software companies after niche securitisation
Deutsche Bank priced an unusual securitisation for AB last month. The deal accommodates the manager’s expertise in the software and technology sector

All rise: investor fights inflation with litigation financing
With the US consumer price index rising to 7.5% in February, investors are looking to niche investment strategies to hedge against inflationary pressure

Churchill names Wells Fargo official to newly created head of fund finance role
Churchill Asset Management has created the new role of head of fund finance to help it utilise leverage strategically across its fund strategies

GoldenTree hires Goldman Sachs official as head of private credit origination
GoldenTree Asset Management has hired Goldman Sachs official as partner and head of private credit origination

MidCap doubles size of 2018 CLO with reset
MidCap Financial almost doubled the size of its 2018 CLO named Woodmont 2018-4 Trust by resetting the deal via Deutsche Bank on Friday

Crescent raises $6 billion for US direct lending strategy
Crescent Capital Group has closed its third US direct lending fund, Crescent Direct Lending Fund III, with $6 billion of investable capital 

Blue Owl reaches agreement to buy CLO manager Wellfleet
Blue Owl Capital, owner of Owl Rock Capital Partners a mid market CLO manager, has reached an agreement to buy Wellfleet Credit Partners from Littlejohn & Co

Man names co-heads for new SRT business
Man Group has appointed two Elanus Capital officials as co-heads of its new credit risk sharing strategy, which will sit in its $3.5 billion private market business

Want an upsize with that reset?: Golub follows Ivy Hill with mid market CLO
Golub Capital made it two mid market CLO resets in two days by reworking its 2016 CLO, Golub 30 (M)-R, and upsizing the deal by $196.4 million from the original size

Ivy Hill resets 2014 mid market CLO and upsizes by $140 million
Ivy Hill Asset Management reset Ivy Hill MM IX-R via Natixis on Monday, upsizing the 2014 CLO by $139.8 million including $33 million of fresh equity capital

PennantPark prints mid market CLO with triple As at 170bp
PennantPark Investment Advisers on Friday priced its first middle market CLO of 2022

Blackstone prints largest CLO in $1.1 billion mid-market deal
Blackstone Credit has produced the fourth US CLO under the BCRED shelf with the firm pricing a $1.09 billion middle market CLO on Thursday

Monroe prints first reinvesting mid market CLO linked to Sofr
Monroe Capital has become the second middle market CLO issuer to print a new deal in 2022 by teaming up with Deutsche Bank on Wednesday to print Monroe Capital MML CLO XIII at $456.5 million

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway