Axa buys into MJX and Alcentra CLO dual-compliant double Bs
Axa Investment Managers bought into recent deals from MJX Asset Management and Alcentra, according to a monthly update for its listed fund Volta Finance.

CLO round-up: ICG switches risk retention method as Apollo CMV nears debut
ICG completed a total revamp of a European CLO this week (vertical to horizontal risk retention, and sponsor to originator); BlueMountain set a record for tightest US 2.0 CLO print and Apollo is marketing its first risk retention-compliant US CLO

Fast-growing private credit firm Northleaf brings in senior advisor
Northleaf Capital Partners has announced that Robert Weiss has joined as a senior advisor for its private credit team

CLO round-up: refis and resets dominate as pipeline builds
CLO volumes this week have hit $1.9 billion globally, but this has been centred on refis and resets. The new issue CLO pipeline is building however with Ares, Canyon and LCM close to new US CLOs

20-year Citi veteran earns promotion to head of European credit trading
Citi’s global head of distressed debt has been promoted to head of credit trading for Europe, the middle east and Africa, officials at the bank have confirmed

Crestline targets low-teen returns for direct lending follow-up
Texas-based alternatives manager Crestline Investors has begun marketing its second mid market fund, according to documents seen by Creditflux

Saba to close London office, reports Reuters
$1.7 billion hedge fund manager Saba Capital Management is closing down its offices in London

We only defeat a monster by building a new one
Whatever happened to Lombard Risk? New competition for Bloomberg messaging is a sign of history repeating

Think outside the box
While the US market credit is the most liquid and the UK is considered the home of European direct lending, there are opportunities further a?eld

Past returns: Spanish financials trade comes good
Five years ago, hedge funds piled into Spanish bank debt on the belief that a bail-out of Spain would leave senior bank debt investors unscathed. 

Fees on the line as CLO investors fight back over ramp-up failings
CLO managers globally are being chastised for failing to deliver on their model portfolios.

CLO round-up: triple-A investors answer the call as spreads hit 118bp
Hold the phone, CLO triple-A spreads are as tight as 118bp. That's if you're lucky enough to be on the approved list of a major Japanese bank

Imperial adds structured credit talent to London and New York offices
Imperial Capital has added to its structured products business in London and New York

CVC Credit raises $600 million for global CLO risk retention programme
CVC Credit Partners has announced the final close of its $600 million CLO risk retention vehicle, CVC Credit Partners Global CLO Management. 

CLO round-up: US CLO triple As hit 121bp amid late flurry of deals
What had started off as a quiet week in the new issue CLO market has ended with a bang as MJX Asset Management refinanced a deal on Thursday while American Money Management (reset) and CVC Credit Partners (new US CLO) have priced today

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

Investcorp prices its "first" US CLO
The Bahrain-based firm has priced its first CLO since acquiring 3i’s debt management division in 2016

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings

US Treasury proposals could breathe new life into CLO market-making
The US Treasury Department yesterday proposed a dramatic paring back of the Dodd-Frank Act, but made no mention of changing the risk retention rules in relation to CLOs

CLO round-up: volumes spike as secondary market bursts into life
Junior CLO spreads are tightening in the secondary market amid an uptick in volumes. The primary market has not been slow this week either as CBAM launches a $1.25 billion and three other CLOs price on Friday

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

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