Europe on default watch following Bain downgrade
The most junior tranche of Bain’s Euro CLO 2018-1 has been downgraded to default in a first for the CLO 2.0 regime

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

European CLO portfolio manager Jason Late to leave Man Group
The news comes after the London-based portfolio manager saw his CLO portfolio management responsibilities transferred to the firm’s New York office  

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

Global head of CLOs and loans switches firm to focus on private credit
Dan Robinson, Man Group's managing partner of capital asset solutions and global head of CLOs and loans has moved to a new asset manager

Man GLG returns to Europe with short-dated CLO
Man Group has returned to the European CLO market with the pricing of its first new deal since 2020 

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 GLG appoints head of European CLO and lev loan business
The hire follows six months after Creditflux reported Man GLG promoted Dan Robinson to global head of CLOs and leveraged loans

Man promotes Robinson to global head of CLOs and loans
Man GLG has promoted an experienced CLO portfolio manager to lead its CLO and leveraged loan business. The official joined the firm in December in a move which did not have connections to CLO management, despite his experience in this field and Man's CLO expsoures 

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

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

Short-dated deals are Man's best friend, but long-awaited GLG CLO prices wide
Man GLG has priced its first new issue CLO in Europe since September 2018