Axa IM rekindles relationship with MJX after manager creates CMOA
Axa Investment Managers has emerged as a key investor in a recent MJX Asset Management CLO

Senior debt funds are mis-pricing euro mid-market loans, conference hears
An influx of capital into senior debt funds is leading to mispricing in Europe’s mid-market, delegates at the Debtwire European Mid Market Forum heard yesterday

Onex eyes CLO resets as seasoned 2.0s reach reinvestment end
Onex Corporation held its earnings call last week, during which officials at the firm underlined the importance of resetting seasoned US CLOs into new structures

Senior European investment grade credit trader exits Citi
The head of investment grade single-name credit trading at Citi has left the bank after just nine months

Head of illiquid European credit set to leave Apollo
Sources say that a high-profile figure within Apollo's credit business is leaving the firm

Park Square adds staff in direct lending and names new partners
European mid-market credit specialist Park Square Capital has announced that it has made two hires while also promoting three of its existing staff to the rank of partner

Muzinich brings in €180 million for new European private credit fund
Muzinich has held a first close on a pan-European private debt fund with €180 million in commitments

Investors agree wind-up call for KKR euro CLO 1.0
Investors have approved a plan that will allow KKR Credit to wind down a poorly performing 2006 European CLO

Direct lender Tikehau adds unitranche in Spain
Tikehau IM has announced that it has arranged a €60 million unitranche loan to back a recapitalisation of Spanish engineering company Terratest

CLO round-up: Columbia and CSAM produce 100%-plus annualised distributions
Amidst the reset and refi environment, Columbia Management and Credit Suisse Asset Management have pleased the equity investors in their CLOs by delivering 100%-plus annualised payments in May

Credit Suisse and CSAM team up to price latest euro CLO
Credit Suisse Asset Management has matched the pricing on recent deals to bring its first European CLO of 2017

BNP Paribas takes on two credit traders from Goldman Sachs
BNP Paribas is understood to have hired two credit traders from Goldman Sachs to join its investment grade credit trading team in London

Distressed specialist parts company with Oak Hill
Market sources say that a distressed debt specialist has left Oak Hill Advisors in London just months after the firm held the final close on a new $2.7 billion fund

Ivy wraps around PineBridge for new high yield credit fund
Fund operator Ivy Investment Management Company has announced that it has partnered with PineBridge Investments to produce Ivy PineBridge High Yield Fund

Permira adds investment for its latest direct lending fund
Permira Debt Managers has made a loan as sole lender to finance 21 Centrale Partners’ acquisition of French software company DL Software

CLO structurer joins Citi in London
Citi has strengthened its European CLO team by hiring from a rival.

Credit fund manager snaps up BlueMountain's CEO for Europe
BlueMountain has announced leadership changes following the departure of Nicholas Pappas - with sources informing Creditflux that he has signed up with another large fund manager as head of credit

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

Beechbrook buys two more mezz loans for latest private debt fund
Beechbrook Capital has announced the completion of two new investments for its Private Debt III fund

Euro loan managers breathe easy as ECB adopts US-style lending guidelines
The ECB has, to some extent, relented and provided loan market participants with a greater degree of flexibility after this morning posting the final guidance for leveraged lending in Europe

EM specialist Stratton Street launches two Ucits credit funds
London-based emerging markets and sovereign credit specialist Stratton Street Capital has become the latest manager to move into the Ucits credit business

Pension giant AP4’s Erlandsson joins Granit to raise green credit fund
Stockholm-based asset manager Granit Fund has made a big name hire in credit, taking on Ulf Erlandsson with a view to launching a new green bond hedge fund this year

Citi introduces tiered pricing model for CLO b-wics to boost participation
Market sources say that Citi – one of the largest CLO market-makers in the business – has launched a new CLO b-wic pricing initiative, which could improve liquidity in the secondary market for CLOs

Popular shortlists Apollo, Oaktree, BAML and Bain for rapid NPL sale
Spain’s Banco Popular is in talks with Apollo, Oaktree, Bank of America Merrill Lynch and Bain Capital about selling a portfolio of non-performing loans, according to Spanish newspaper Expansión

CLO round-up: spreads tighten in secondary as managers turn to refis
CLO spreads have been grinding tighter this year with triple-B discount margins falling from a 424 basis point rolling average to 347bp