Golub issues 2021's third-largest middle market CLO
Golub Capital Partners has issued the third-largest middle market CLO of 2021 to date

Antares hires experienced investor relations official from Barings
Antares Capital has hired a head of investor coverage in asset management

"I’ve been doing ESG for 27 years; I just didn’t know it"
Apollo's Joe Mornoey takes our credit quiz

Past returns: Mid market CLOs move into light
Ten years ago in Creditflux, we reported that S&P was reducing shadow ratings after it notified CLO managers it would not assign such ratings to companies with more than $499 million of outstanding debt

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

Barings completes first middle market CLO since 2019
Barings has issued its first CLO backed by middle market loans since October 2019

Sound Point looks to amplify mid-market offerings with BDC and CLOs
Sound Point Capital Management expanded into mid-market lending earlier this month with the acquisition of CVC Credit Partners’ US direct lending arm, and the firm has big ambitions to expand the business

Bridgepoint signals IPO and eyes real asset acquisitions
Bridgepoint unveiled its intention to go public on Tuesday, with the manager planning to issue £300 million worth of ordinary shares listed on the London Stock Exchange

Cerberus prints lesser-spotted CLO reissue
Cerberus Loan Management priced a rare CLO reissue on Wednesday in just the fourth deal of this flavour of transaction to print in 2021

Golub near-doubles size of CLO that left reinvestment last year with late reset
Golub Capital Partners teamed up with GreensLedge on Friday to reset a middle market CLO, Golub 33(M)-R2, almost doubling the size of the transaction

Update: Kayne to split from CLO and credit opps units
Kayne Anderson is set to spin out its CLO business

Audax brings CLO haul to $2 billion with largest deal so far
Audax Management Company issued a fifth middle market CLO on Thursday, bringing its deals under management to $2 billion

Unusual double As jump tighter as BMO keeps it in-house again with CLO refi
BMO has refinanced a CLO for BMO that resulted in junior double As moving much tighter relative to senior double As 

Antares prints largest new issue CLO for four months
Antares Capital priced the fourth largest new CLO of 2021 on Tuesday with the $806 million Antares CLO 2021-1

Owl Rock downsizes equity tranche in reset of 2020 CLO
Owl Rock Capital Advisors has reset a middle market CLO from May 2020, downsizing the deal's equity tranche in the process

Golub downsizes equity tranche by $11.3 million in reset of 2013 CLO
Golub Capital Partners has cut the size of the equity tranche in its middle market CLO in a rare move

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Managers offer solutions for underfunded pensions
Credit managers are tapping UK defined benefit pensions that are battling negative cashflows

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

AB cuts 2019 CLO's funding costs by 42.5bp with refi
AB has refinanced its 2019 middle market CLO named ABPCI Direct Lending Fund V via Natixis, lowering the deal's cost of debt by 42.5 basis points

First Eagle swoops for Prospect CLO portfolio manager
First Eagle has hired a former Prospect Capital Management CLO portfolio manager for its alternative credit business in New York

KKR, Oak Hill and Madison print combined $1.3 billion CLO resets
KKR Credit, Oak Hill Advisors and Madison Capital each priced a CLO reset on Wednesday, with the three deals amounting to $1.27 billion