Alcentra teams with Steadfast for $3 billion global mid-market strategy
Steadfast Capital Markets Group and Alcentra have announced the launch of a new credit fund, which will lend to companies in the US and western Europe

There are reasons to be upbeat, MEP tells securitisation specialists
IMN's 21st Annual Global ABS conference opened yesterday on a note of cautious optimism for the European securitisation market

Pemberton confirms German addition to direct lending fund
Pemberton says that 20% of capital deployed by its mid-market fund is to German borrowers

Junior CLO spreads tighten as Halcyon prices new European CLO
While spreads at the top of the capital structure have edged wide of 90bp in recent weeks, a new Halcyon European CLO indicates there is strong demand for lower-rated notes

Partners Group tops €1 billion for new multi-asset credit programme
Partners Group says that it has raised €1 billion for what it describes as a multi-asset credit programme

European CLO spreads hit new tights as GSO prices
GSO Capital Partners has achieved the tightest triple-A European CLO print since the financial crisis after pricing Clontarf Park CLO

PGIM prices triple As at 92bp as it issues latest European CLO
PGIM achieved its target pricing levels as it issued Dryden 52 Euro CLO 2017 on Friday

Permira nears final close on new direct lending fund
London’s Permira Debt Managers is edging closer to a final close on its latest direct lending fund, according to an article by Unquote

CLO round-up: spreads widen amid spike in euro CLO issuance
Refinancing fever had spread across the CLO market this year, but there are now signs of life in the primary market for CLOs

Spanish SME credit fund’s fraud complaint unnerves investors
An asset manager has sent shockwaves through Spain’s SME financing market by revealing that over half the assets backing a small domestic bond issue may be fraudulent

Avenue loses another key European credit portfolio manager
An experienced credit PM has left Avenue to join a $2.3 billion fund manager in a new role

Tuna fishing with a harpoon is a lot like picking credits
AlbaCore's David Allen takes our credit quiz                                        

Loan total return swaps make their way to Europe following US success
Total return swaps have become a popular way to finance portfolios of US leveraged loans in recent years. And now the product may be about to make it big in Europe too.

What you really need to know about covenants
Loan covenants are evolving and it’s vital you know your ‘loose’ from your ‘lite’, so check out this guide

Spotlight: Data centres - clear skies ahead for cloud providers
Demand for data centres is strong and there is no sign so far that the market is overheating

It pays to eat your own cooking
CLO managers affiliated with PE firms buy extra debt from companies owned by those firms – and it seems to give them an advantage

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

PGIM plans CLO senior fund for European investors
PGIM is looking to break new ground in the coming weeks by launching the first Ucits fund to target triple-A CLO securities

They said it: Two analysts won’t do
“You’ll get smoked”

Points up front: dying question
The delicate reason, why it may not be possible to call a CLO..

Past returns: mixing synthetics and ethics
In Creditflux 10 years ago we looked at how Société Générale was pitching an “ethical” synthetic CDO

Pearl Diver ramps new fund and looks to mezz
Pearl Diver’s AUM has swelled to $1.3 billion as it finishes investing a new fund and looks towards its next vehicle

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

Alcentra and reit specialist Steadfast team up for fund
Alcentra has launched a new retail fund in the US to invest in mid-market credit

PGIM takes top spot as credit market celebrates
PGIM was the big winner at the Creditflux Manager Awards dinner on 3 May after scooping up the coveted manager of the year award