Mid market CLO league tables: first time managers crack the top five
Five new issue middle market CLOs priced in November for a combined total of $2 billion with Audax and Owl Rock doubling down in 2019.

HSBC notches up first US CLO arranging credit
HSBC has teamed up with Natixis as co-arranger on the latest new issue CLO from Cerberus Business Finance

Audax goes for longer reinvestment period with second mid market CLO
Audax Private Debt yesterday priced its second CLO backed by loans to middle market companies, according to market sources

Churchill splits double Bs for first mid market CLO in two years
Churchill Asset Management has priced its first middle market CLO of the year in a transaction which underlines how lower-rated CLO debt tranches are increasingly being carved up into senior and junior pieces

Mid market CLO league tables: springing back into life after September drought
After a September hiatus, three managers returned to mid market CLOs in October to bring issuance back on track as monthly volume exceeded $1 billion for the sixth time this year

Be-Spoke one week away from pricing breakthrough SME CLO
Be-spoke Capital has moved a step closer to pricing its SME loan securitisation, with price talk emerging for the forthcoming Alhambra SME Funding 2019-1

Barings prices CLO backed by mid market loans
Barings has produced its third CLO transaction backed by loans to middle market companies

Russell and Mediobanca launch multi-asset fund with CLO allocation
Mediobanca Private Banking has joined forces with Russell Investments to set up a fund that has a 20% allocation to credit, sources say  

Mid market CLO league tables: Golub and Natixis increase their leads
August saw over $2 billion of issuance in the mid market space with managers that have been active this year, returning managers and debut managers all pricing last month. 

Mid market CLO league tables: Natixis and Golub reign supreme
June brought just three middle market CLOs pricings with two new issues and one refinancing that totalled $1.6 billion, bringing the year-to-date volume to $9.9 billion. Natixis is the leading arranger, having a hand in 38% of deals

New investments drive Canada Pension Plan’s credit returns to 8.7%
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report  

Continuous par build can provide a rainy-day fund for when downgrades to triple Cs pour in
If CLO managers are preparing for mass downgrades to triple C loans, then trading gains and thick OC cushions are the best defences

Mid market CLO round-up: eyes (wide) open as mid-market CLOs re-awaken
AB returned to the middle market CLO space this week after a year out to price ABPCI V. It is the second middle market CLO of the year after Fortress Investment Group refinanced Fortress Credit Opportunities VII. 

Carlyle performance dips in Q4, but credit teams ride global volatility
Credit fund performance dipped for the Carlyle Group in the fourth quarter, as market volatility and fund outflows put a dent in the industry’s much stronger performance of the previous three quarters

Head of European private debt Bone earns promotion at Partners
Partners Group’s head of private debt in Europe, Christopher Bone, has been promoted to partner as one of 10 senior-level promotions announced by the firm

Blackstone builds on multi-asset approach with fifth fund
The new vehicle will invest directly into Blackstone deals across its alternatives platform

First European SME CLO 2.0 edges closer after warehouse tweaks
Be-Spoke Capital’s European SME CLO is nearing the finishing line, with sources indicating NatWest Markets aims to price the deal, Alhambra SME Funding 2018-1, in early December. The development comes after the CLO exceeded the warehouse’s 12-month ramp-up period

Blackstone grows credit assets by 31% over year
The firm achieved strong fundraising in credit, taking credit-related assets under managment to $130.6 billion in the third quarter, a 31% increase year-on-year 

Monroe prices second new issue mid-market CLO of 2018
Monroe Capital Partners has priced its second new issue middle market CLO of the year, according to market sources

GSO debuts in mid market CLOs with Diamond CLO
GSO Capital Partners' Diamond CLO is for one year with the manager pricing a short-dated mid-market deal

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

Star names join Barclays as it pushes into CLOs

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

CLO and direct lending specialist hires former GAM director
A Boston-based alternative credit manager has named Christopher Todisco as a new director on the business development team in New York

Ivy Hill prices first billion-dollar mid market CLO of 2018
The Los Angeles-based firm issued its first new middle-market CLO in almost 12 months on Friday