Norinchukin's CLO portfolio decreases for first time in years
Japanese CLO heavyweight Norinchukin posted its financial statements yesterday, where it reported a 1.42% drop from its statements at the end of the second quarter

Arizona pension to deploy up to $700 million a year in private credit
Arizona Public Safety Employee System is looking to deploy $600-700 million in private credit strategies per year in order to meet its target allocation, according to board documents seen by Creditflux.

CLO tranche investor leaves Carlyle after 12 years
The New York-based co-head of global structured credit has parted ways with Carlyle, sources say. The firm is understood to have appointed a replacement in London

UK pension Nest selects manager for £500 million global bond allocation
Nest, the largest pension scheme in the UK with over 8 million members, has selected a manager to oversee a £500 million separately managed account focused on global corporate bonds

European CLO round-up: new look turbos power up junior CLO tranches
Junior CLO debt investors are getting more defensive and this has resulted in the emergence of new-look CLO turbo tranches

European CLO spreads widen as Commerzbank prices first 2019 CLO
European CLO spreads widened sharply on Friday as Commerzbank issued a new CLO with triple As paying 101 basis points over Euribor

Guggenheim prices its second mid market CLO
Guggenheim Partners yesterday partnered with Barclays to issue its second US CLO of 2019, and its first of the year backed by loans to middle market companies

Global CLO league tables at a glance - October 2019 YTD
Global CLO league tables at a glance - October 2019 YTD

In private credit, we look to stay in senior structures with control

Wings of the structure fly in opposite directions as Alcentra prices European CLO
Alcentra has priced its latest new issue CLO in Europe, and its second issue of 2019 on the continent

European CLO manager hires MUFG for first 'fully compliant' ESG CLO
A CLO issuer is looking to take ESG compliance in European CLOs to another level by pitching its upcoming CLO as the “first fully ESG compliant CLO”, according to marketing materials seen by Creditflux

Cairn prices €419 million CLO with triple-As tight of market
Recent spread dispersion in the European CLO market is evidenced by Cairn Loan Investments’ pricing of a €418.73 million CLO in which the triple-A tranche came tight of the 10-day rolling average but the single-B piece was deeply discounted

BlueBay private debt spin-off hires in credit opps following rebrand
BlueBay’s former private debt team has rebranded to Arcmont Asset Management, following the completion of its spinoff from BlueBay. And the independent entity is wasting no time in expanding its business by hiring two senior officials to oversee a new opportunistic credit strategy

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

Single B spreads tighten dramatically as Invesco prices third euro CLO
Invesco yesterday brought its third CLO new issue to market via Barclays, according to market sources

Newly formed Italian asset manager launches direct lending fund
Equita Capital is seeking a first close of its second private debt fund by February 2020, Creditflux has learnt. The fund is understood to have an ESG focus  

PGIM becomes first CLO manager to price 12 transactions in 2019
PGIM has priced a €412.38 million new issue CLO via Citi named Dryden 73 Euro CLO 2018, becoming the first CLO manager to complete 12 transactions globally this year

Crestline bags $360 million for inaugural European opportunities fund
Crestline Investors has held a final close on its inaugural European special situations fund, Crestline Opportunity Fund III Europe, at $360 million, surpassing its original $300 million target size

Man hires real estate loan specialist from JP Morgan
Man Group has hired an investment director to its European private debt team

Capital Four makes CLO market entry with debut transaction
Capital Four Management priced its inaugural CLO this morning, becoming Europe’s eighth debut manager of 2019

Euro loan trading: Swissport flies into CLO hands
A total of €339.9 million of Swiss airport business Swissport boarded CLOs in August, making it the most popular issuer in August

UK pension hires BNP Paribas AM for starring role in core-satellite private credit fund
UK pension fund Nest has appointed BNP Paribas Asset Management to run the core of a private credit fund, sources say, in an arrangement which sees Amundi and BlackRock manage certain satellite investments  

Credit CIO Finch leaves GLG
Simon Finch has parted ways with Man GLG, according to market sources, ending an 18-month stay at the firm where he served as chief investment officer for credit

CLO pipeline: Sculptor begins to mould its first CBO
Silence! Artist at work: Sculptor has got its apron on and is shaping up to launch its first CBO

Chenavari joins growing group of CLO managers to refinance 2017 deals
Chenavari Credit Partners on Friday partially refinanced Toro European CLO 3, joining the small but growing list of managers to reprice 2017 CLOs in recent weeks