Ivy Hill prices first billion-dollar mid market CLO of 2018
The Los Angeles-based firm issued its first new middle-market CLO in almost 12 months on Friday

Mid market CLO round-up: Antares leads the way as triple As price at 125bp
Although US mid-market CLOs had a slow start to the year, the last two weeks have seen heightened activity in this sector with established players such as Antares Capital, Cerberus Capital Management, Fortress Investments and Midcap Financial pricing new CLOs

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

They said it: BSL loans and mid-market loans are basically the same thing
A US CLO portfolio manager is heard putting himself forward for a direct lending fund management role..

A credit market in constant flux
Since Creditflux's launch in 2001, we've reported on CLO evolution, trendy new products, regulatory U-turns, and, of course, crashes. Which, we wonder, is coming next?

Staying afloat in credit takes care and character
In his final article, our columnist sheds light on his identity and has some 'nice' advice for those navigating credit’s changeable oceans

Wells Fargo prices three CLO transactions in a single day
Wells Fargo priced three CLO transactions on Thursday, totalling $1.47 billion issuance, according to market sources

2.0 mid market spreads jump tighter following refi of 2014 Golub CLO
A Chicago-based middle market CLO manager has priced its triple A notes at 95bp following a refi

Points up front: the best way to source direct lending loans is to sit and wait
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra.

Oppenheimer and Carlyle launch global credit fund as part of JV
Carlyle Group and OppenheimerFunds International have filed to register the first fund product of their previously announced joint venture. The vehicle will invest in a wide range of credit products including CLOs, direct lending and opportunistic debt

Deadline looms for Creditflux's annual Manager Awards
The deadline for this year’s Creditflux Manager Awards is fast approaching as managers across the CLO, credit hedge fund and direct lending industries compete for the eighth consecutive year

Mid market specialist prepares first new issue CLO since September 2016
A manager has teamed up with Natixis to price the second CLO of the year backed by a portfolio of middle-market loans

Ares switches to C-Corp structure as it announces "record year" in earnings release
Ares has announced a change to its corporate tax status in an earnings release that described 2017 as “a record year” for the firm

Carlyle group's solid Q4 results include $1.7 billion of global credit fundraising
The firm’s fourth quarter global credit fundraising of $1.7 billion included four CLOs, follow-on closes in their new private BDCs, structured credit fund, and managed accounts

THL Credit assigns new role to senior portfolio manager Murphy
Alternative credit manager THL Credit Advisors has promoted managing director Brian Murphy to head of capital markets

Monroe's new CLO suggests increasing demand for mid market deals
The basis between middle market CLOs and CLOs backed by broadly syndicated loans is (slowly) shrinking

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

Former ICG credit head Kershaw takes advisory role at distressed debt firm
Dagmar Kent Kershaw, the former head of Intermediate Capital Group's credit fund businessin Europe and Australia, has landed an advisory role at a $7 billion distressed debt manager

European CLO pioneer Wallace set to leave Maltese bank
A loan portfolio manager – who was behind a pioneering European 2.0 CLO – has left MeDirect Bank

European loan specialist leaves Partners Group
A European corporate loan specialist, who covered both CLOs and direct lending funds, has parted company with Partners Group, a spokesperson for the company confirms

Join the debate: is Christopher Nolan moonlighting for Creditflux?
A story last month on direct lender Prestige caused one reader to draw comparisons with a script from film director Christopher Nolan 

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017