Points up front: the best way to source direct lending loans is to sit and wait
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra.

Past returns: pension scheme gets stung after regulators rewrite CLO rules
Five years ago, we reported that US pension funds were boosting their allocation to euro-denominated credit. One institution in particular led the way by supporting the first European CLO to be issued since the global financial crisis

European direct lending may not be as European as it seems
In European direct lending, raising capital has become the easy part of a manager’s job. But deploying that capital is more difficult, says Diala Minott, a London-based partner at law firm Paul Hastings

If there’s an app for it, competitors face a problem
L&G's Martin Reeves takes our credit quiz

Join the debate: is Christopher Nolan moonlighting for Creditflux?
A story last month on direct lender Prestige caused one reader to draw comparisons with a script from film director Christopher Nolan 

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

They said it: the dangers of corporate finance
Cairn Capital's Asif Godall gives his take on companies that don't have a deleveraging plan

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

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Past returns: Permira’s considered approach to CLO launches
This month 10 years ago, private equity firm Permira made its debut in the European CLO market

Going short IG against the ECB will eventually pay off
Chenavari’s Demian Brasil takes our credit quiz

Markets are complacent and partying like it’s 2006
Algebris’s Alberto Gallo takes our credit quiz

Past returns
We look back to when CLO investors were morphing into CLO managers and when BlueCrest went on a hiring spree for its credit business

How credit fraud could make a comeback
Easy credit leads inevitably to fraud, whether in consumer credit or corporate lending

Rating outlook: It's a matter of life and spread for CLO managers
Stabilisation of loan spreads and recovery rates spells good news for European CLO managers

As my grandmother said: ‘pay up for good quality’
Redhedge's Seminara takes our credit quiz

Points up front: dancing in the street
Romantic Italian credit hedge fund manager woes wife-to-be with flash mob

They said it
When you’re early by six or more years it’s not clear you can ever be described as having been right”

Why CLOs will not cause the next financial crisis
It is hard to imagine a world in which CLO triple As suffer losses, but we should not be complacent

Past returns: drawing crowds is not easy for bond trading platforms
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Join the debate: CLO ramp-up failings
“There is one manager out there that has got away with this behaviour for several years. The ‘fight back’ from investors is overdue”

Points up front: the biggest leaving do of the year
Key players from across the CLO industry gathered to bid farewell to Alcentra’s Hiram Hamilton, who is swapping London for New York. 

German direct lending will grow for two decades
Patrimonium’s Daniel Heine takes our credit quiz

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

It’s starting to look like 2007
It’s beginning to look a lot like 2007. Everywhere you go.