Secondary CLO round-up: investors bid up 2013 BlueMountain CLO
The secondary CLO market slowed down last week, but there was still plenty of mezzanine CLO paper in for the bid, according to data from CLO-i.

Chenavari joins European CLO refi rush
Original arranger secures mandate to refinance Chenavari CLO

Direct lender Beechbrook makes strong start in ramping UK fund
Regulatory filings show that Beechbrook Capital has made a strong start in ramping up its debut UK direct lending fund

Direct lending shows signs of growth in continental Europe, finds Deloitte
Deloitte has released its latest Alternative Lender Deal Tracker report in which it highlights that 267 direct lending deals took place over the course of 2016 – an increase of 2% on 2015’s volumes

Equity investors miss deadline to call 2007 euro CLO
Ares Management fails to secure equity approval to call well performing 2007 CLO

Senior distressed specialist leaves GSO after fund closure
Shortly after shutting down its distressed debt fund, GSO Capital Partners is understood to have parted company with a senior managing director and key figure in its distressed business

Investcorp draws up plans for dual risk retention-compliant CLOs
Investcorp Credit Management has recently issued its first European CLO following the sale of the business, formerly known as 3i Debt Management (or 3iDM), to Investcorp and the deal looks like being the first of a number of dual risk retention-compliant offerings from the manager

Europe’s direct lenders edge closer to CLOs
Direct lenders are increasingly adding leverage to their funds, creating a slow evolution from direct lending funds into quasi middle-market CLOs

Veteran Natixis team plans next euro CLO 10 years after last deal
More than a decade after issuing its last deal, Natixis Asset Management is understood to be planning a return to European CLO management.

Credit managers morph into eco-warriors as ESG demand escalates
Credit market participants are watching their carbon footprint with green and ethical investing being all the rage

Credit manager bucks the trend by shifting into private equity
A host of private equity firms are planning direct lending funds, but one direct lender is moving in the opposite direction  

Top credit trader returns to Caxton
A high profile credit trader is rejoining Caxton to lead its European credit unit 

Citi tests the market for three-year bespokes
There is increasing appetite for credit derivative risk with Citi looking to extend the maturity of its deals 

Diverse Prytania fund posts promising 2017 gains
Prytania Investment Advisors has got off to a strong start in 2017 with the manager’s Athena Fund gaining 8.4% through February

Past returns: early risk retainers
Five years ago in Creditflux we reported on JP Morgan shutting down its special situations prop trading desk in London

Move up the stack to avoid implosion
Pundit warns investors to be concerned about return of their principal – but senior loans may be a safe haven as credit yields are squeezed and high yield becomes crowded

How the credit blockchain revolution was lost
It’s Thursday morning a couple of years in the future and smart trading is about to go live

Fitch rating outlook: CLO managers enter the matrix to adjust recoveries
CLO managers have taken the red pill to adjust the WARR component of their CLO matrix

Ares prices triple-A notes at 85bp in €362.5 million CLO reset
Ares Management is understood to have priced a European CLO reset late yesterday

Onex prices debut deal to become Europe's 34th active CLO manager
Onex Credit Partners priced its debut European CLO yesterday, according to market sources

Hedge fund manager adds ex-Commerzbank high yield trader to its team
Expanding hedge fund manager Redhedge has hired an experienced high yield credit trader to its offices in London