Man Group to acquire CLO and private credit manager Bardin Hill
The USD 3bn credit manager, now named Bardin Hill, is a private credit and US CLO shop based in New York

Man GLG consolidates European and US CLO businesses into single entity
Man GLG is consolidating its European and US CLO businesses into a single unified organisation, according to a series of investor notices

Man GLG returns to US CLO primary market
Man GLG, working with JP Morgan as arranger, has priced its first new US BSL CLO since July of last year

Man Group hires new senior managing director for private credit business
Man Group has hired a New York-based senior managing director to lead the firm's client engagement and strategic efforts in private credit and direct lending

Man GLG returns to US CLO primary with first new issue in two years
Man GLG returned to the US CLO primary market on Friday with its first new issue in over two years

Man Group moves into US private credit with new acquisition
Man Group is buying US middle market lender Varagon Capital, according to a company announcement, in a $183 million deal due to complete in Q3 2023.

Past returns: Silvermine CLOs splash the cash
In Creditflux 10 years ago, we reported that three Silvermine Capital CLOs, which had built up $646.5 million of cash, had started buying loans again

Three US CLOs join growing list of deals to default
Another three US CLOs have the ignominy of having their tranches downgraded to D, taking the total list of 2.0 CLOs to default to eight. Before August 2021, 2.0 CLOs had a clean record according to S&P ratings 

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

Man names co-heads for new SRT business
Man Group has appointed two Elanus Capital officials as co-heads of its new credit risk sharing strategy, which will sit in its $3.5 billion private market business

I’ll see your 2020 and raise you 2021
Discounted loans, Libor floors and bond flexibility helped make 2021 an even better year for CLO returns than 2020, as US CLOs distributed 15.54% and European CLOs paid 13.93% annualised

US manager returns with first new CLO in over five years as triple As hit 130bp
A US CLO made a return to the US CLO primary market on Friday with its first new issue since March 2015

Quantitative credit growth could fill in ESG blanks
Quantitative credit strategies have the potential to “advance 20 years in the next two years,” according to officials at Man Numeric.

New credit hedge fund manager hires from Man GLG in London
A start-up credit fund manager has added to its ranks by hiring a portfolio manager

Man uses inflation as key input for asset allocations
Man Group has developed a ‘fire and ice’ framework which it is using to shape allocations across multi-asset funds. The system is based on the idea that inflation is the single-most important factor driving portfolio returns over the long-term.