Kayne Anderson raises more than USD 2bn for middle market direct lending
EXCLUSIVE: The firm plans to hold a final close for Kayne Anderson Senior Credit Fund V at the end of the year

Metric raises EUR 1bn for fifth flexible private capital fund
Under the strategy, the asset manager provides flexible financing that does not fit into traditional private debt or private equity

Onex prices latest short-dated Aegis CLO
The manager’s Aegis deals are characterised by higher-quality portfolios and lower WARF than typical BSL CLOs

February global CLO issuance on track to beat 2021 record
Monthly global CLO issuance has passed the 100-deal mark in February, with a week of dealmaking still to go

Carlyle resets massive 2017 vintage US BSL CLO adding 83.55m in equity
Carlyle's 13th reset this year is of CBAMs gargantuan USD 1.25bn debut US BSL CLO from June 2017

Sycamore Tree resets its inaugural CLO
Sycamore Tree Capital Partners has printed a reset of Sycamore Tree CLO 2021-1, the US BSL deal that marked the manager’s first foray into the market

Audax resets its debut middle-market deal from 2019 second time
Audax has reset Audax Senior Debt CLO 1 for a second time, deleveraging the deal in the process with a USD 16.6m decrease in the equity tranche

Wellfleet CLO gets a partial refi
The top four tranches of Wellfleet CLO X have been refinanced, reworking a US BSL CLO originally from 2019 that turned heads three years ago with a short dated reset

Blue Owl slashes spreads on 2022-vintage US CLO
A reset of Wellfleet CLO 2022-2 arranged by Citi has tightened overall funding costs by over 100 basis points

Ares 2018-vintage reset prices with big equity injection
Ares' latest US BSL CLO reset of Ares XLIX has priced, but introduced a hefty equity injection of USD 61.25m 

Carlyle reworks 2012-vintage US CLO for fourth time
Carlyle reworked its US BSL deal Carlyle 2012-4 for the fourth time on Friday, when it priced a USD 494m partial refinancing

Bain refinances top tranches of 2020-vintage US CLO
Bain Capital refinanced USD 328m worth of US BSL CLO from 2020 via Mizuho

Apollo’s BDC prices massive new US BSL CLO
Apollo Debt Solutions BDC printed a USD 754.70m new issue CLO via Morgan Stanley with Apollo and Morgan Stanley sharing co-placement agent roles

Third time’s a charm as Ivy Hill resets CLO with chunky equity infusion
Ares has reset and upsized a middle market CLO, marking the third time the deal was reworked since debuting in 2013

Pinebridge prices new US reset
 Los Angeles-based PineBridge Investments reset its 2017-vintage Galaxy XXIV CLO earlier this week

State of the US Loan Market 3Q23 - Xtract Special Report
The US leveraged loan market continued to languish in 3Q23, but the average covenant score for large Sponsor loans bounced back somewhat from its precipitous decline in 2Q23 according to this special report

Scotiabank gets first CLO deal with Blue Owl tech reset
Scotiabank scored its first CLO arranging credit on Monday after serving as joint bookrunner with MUFG on a $204 million reset for Blue Owl Capital

CLO rankings: manager AUM, advisory firm and trustees Q1 2023
Two acquisitions close to shake up the top and Dechert takes early lead over Milbank in manager counsel rankings

Pressure starting to mount as CLO warehouses turn stale
In the US CLO market, deals have been marinating for a long time. That’s to say CLO warehouses – the traditional appetiser before a CLO is served – have been at the prep stage far longer than managers would have originally expected.

Carlyle strikes agreement to manage $112m listed fund and shift strategy to CLOs
Vertical Capital Income Fund has struck an agreement for Carlyle Group to take over as investment advisor in a move which will result in the New York Stock Exchange-listed fund shifting focus towards CLO debt and equity investments.

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month

Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

Market rides out China-US fray with oil, rates and jobs back in focus
US and European credit markets are exhibiting a firmer tone on Wednesday, with investor focus having shifted from Taiwan concerns to Opec+ oil supply. But a looming Bank of England rate hike and US jobs data mean caution remains the watchword