Danish manager creates novel structure for direct lending fund
A Copenhagen-based manager is creating a trailblazing direct lending fund

BlackRock leads fee-cutting as credit returns fall to single digits
Long-only credit managers face pressure to cut fees as returns decline

Fund manager finds impact of oil defaults on CLO equity is limited
An investor has been analysing the impact of stress in the oil sector on its portfolio of CLO equity and mezzanine notes - and finds that there are no immediate concerns

Sovereign wealth-backed credit manager continues to expand in London
A credit-focused joint venture makes hires and looks to be setting up a dedicated credit fund

CLO manager makes winning call as oil credit slips into the 70s
Loans issued by Drillships Ocean Ventures have now dropped to around 78 cents in the dollar, according to dealer sources, putting considerable stress on CLO portfolios

York Capital becomes 121st manager of 2014 as it prices debut CLO
York Capital Management priced its first CLO yesterday in a $413 million deal, according to market sources

Pension funds allocate to new KKR direct lending and distressed funds
It may be late in the year but KKR Credit is making progress in its bid to launch second generation credit funds.

Investors go Christmas shopping as Citi prices two CLOs in a day
Citi priced a CLO on either side of the Atlantic yesterday to cap a busy Christmas period, according to market sources

Octagon launches its first fund to target distressed and structured credit
Long-time CLO manager Octagon Credit Investors has this month diversified its business by launching a new commingled credit fund.

Oaktree prices second European CLO in €375 million deal
Oaktree Capital Management has priced its second European 2.0 CLO, according to market sources

Mitsubishi UFJ hire signals new push into structured finance
Further details have emerged of the appointment by Mitubishi UFJ Securities of a senior structured credit specialist in London this month

Cutwater Asset Management sails off with its second CLO
Cutwater 2014-II priced late last week in a $411.5 million deal, according to market sources

ICG prices European risk retention-compliant US CLO
Intermediate Capital Group priced a $411 million CLO on Friday, according to market sources

MJX prices new CLO following $53 million upsize
MJX Asset Management priced a $461 million CLO on Friday, according to market sources. The new CLO comes one week after the manager Volckerised all of its outstanding 2.0 deals

BDC sells four control CLO positions and takes losses
A BDC has been a big seller of controlling CLO equity in recent months and regulatory filings show that in disposing of certain CLOs, the business development company has realised losses.

Manager Volckerises 2.0 portfolio as it markets new CLO
MJX Asset Management has brought all of its outstanding CLOs into compliance with the Volcker rule, according to investor notices seen by Creditflux

Investec confirms that ICG portfolio managers will join its asset manager
Investec Asset Management has confirmed that two former ICG portfolio managers are due to join the firm in London early next year.

Called Landmark CLO surpasses $50 million in equity distributions with final payment
Landmark CDO V made a $6.7 million payment to preference shareholders on 1 December. The payment takes the CLO's realised IRR into double digits.

Calpers joins US pension fund charge towards distressed debt
US pension funds continue to put money to work in distressed debt strategies with California Public Employees' Retirement System among the institutions that are allocating towards new distressed funds

Former credit sales head joins private bank in London
London-based former credit sales specialist heads up fixed income with private bank 

Natixis sails towards dry land as it prepares start-up manager's second CLO
Sources say that the bank is preparing a $411.5 million CLO, which is expected to price next week.