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

Carlyle's global credit business becomes largest share of firm's fee-earning AUM
Carlyle has held a first close on its second revolving credit fund, while saying its CLOs are ‘well positioned’ and it does not expect management fee deferrals anytime soon

US direct lender plots expansion into broadly syndicated loan CLOs
The US CLO manager universe looks set to expand further with sources indicating a US middle market direct lender is exploring launching a BSL CLO platform

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

Calamos and Aksia eye CLOs as part of new multi-credit interval fund
Calamos Advisors and Aksia have teamed up to launch a closed-ended interval fund that can invest across several areas of credit

John Hancock and Marathon join forces on ABL fund with structured credit bucket
John Hancock Investment Management has teamed up with Marathon Asset Management for an asset-based lending fund, which can invest a portion of capital in liquid structured credit such as CLOs

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

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

Arcmont says liquid loan opportunities depend on timing as it advocates direct lending instead
Arcmont Asset Management has made the case for direct lending over syndicated loans in a white paper, despite having being an admirer of CLO management platforms 

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...

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

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

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

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

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

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

Franklin Templeton buys Alcentra in $700 million deal
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners

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

Fidelity International makes senior direct lending hires in private credit push
Fidelity International has been staffing up in European direct lending, with 12 additions to the private credit team that was established a year ago

SEC extends comment period for private funds disclosure regulation
Following letters from several institutions including the LSTA, the SEC has extended the comment period on its proposed “Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews” rule

NatWest keeps up momentum in US mid-market CLOs with role on MidCap new issue
NatWest Markets has scored another US CLO new issue arranging credit after teaming with Natixis and Apollo Global on Apollo-affiliate MidCap Financial's latest middle market transaction

Mid market CLO league tables: Arranger base grows as bumper day boosts issuance
Managers priced $3.4 billion of mid market CLO paper priced last month, the second busiest month of the year behind February and the third straight month new issues and resets made up 100% of issuance

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