California manager prices its fourth CLO transaction of the year
The manager priced a $516.63 million reissue via Deutsche Bank

Gallatin offloads vertical strip just days after CLOs legally freed from risk retention
The New York manager has become one of the first to trade the vertical strip it held in a CLO following the repeal of US risk retention regulations, according to market sources

French manager prepares $409.5 million short CLO via Goldman
The manager has hired Goldman Sachs to arrange its first CLO transaction of 2018

KKR and FS Investment close $18 billion BDC platform deal
New York-based KKR and Philadelphia-headquartered FS investments yesterday closed their deal to create the market's largest BDC platform

Indiana-based manager prices its first CLO transaction of 2018
The manager priced its first CLO transaction of the year on Friday via Barclays

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

Mid market CLO round-up: Antares leads the way as triple As price at 125bp
Although US mid-market CLOs had a slow start to the year, the last two weeks have seen heightened activity in this sector with established players such as Antares Capital, Cerberus Capital Management, Fortress Investments and Midcap Financial pricing new CLOs

US CLO round-up: market springs into life with non-risk retention compliant deals
US CLO risk retention is on the verge of being abolished (the 5% rule is set to be officially scrapped on 11 May) and the market seems to have made itself comfortable with ‘springing’ vertical strips

Och Ziff prices new issue CLO with risk retention upsizing option
Och Ziff priced its third CLO transaction of the year yesterday

Allocations to fixed income leap but private debt shrinks under new pension fund plan
The City of San Jose Police & Fire Retirement Plan is considering a new investment strategy that would reduce its private debt allocation, according to documents seen by Creditflux

US league tables: managers move on from refis to price record $37.5bn of new CLOs
US CLO managers have been looking to build AUM this year, which is a turnaround from 12 months back when CLO refinancings dominated proceedings

Tastes change in secondary trading
Our analysis of the secondary market shows that, since 2013, appetite for CLOs run by tier one managers persists through market dips and rallies.

Drug makers: desperately seeking pain relief
With Teva’s profitable Copaxone being undermined by cheaper alternatives, the company is in need of a pick-me-up. By Euan Hagger

Direct lenders pile into "turbocharged" market as fundraising skyrockets: report
Growth in the direct lending market in the 12 months to 31 December was “turbocharged,” growing robustly in the fourth quarter 2017 in particular due to a consistently growing Eurozone economy, according to Deloitte

Canadian real estate specialist reveals a year-on-year drop in assets
Terra Firma Capital Corporation has released its 2017 end-of-year financial statements, which reveal an overall drop in assets from CAD$146.7 ($114) million to $143.5 ($111.5) million at the end of 2016 and 2017, respectively

Canada’s Fiera generates 10% AUM growth in 2017
Montreal-based asset manager Fiera Capital Corporation has increase its assets under management by 10% year-on-year and grown its annual revenues by 33% on a year-over-year basis, its latest financial report reveals

BlueMountain prices its first CLO transaction of the year
New York-based BlueMountain priced its first transaction in the CLO market of 2018 yesterday, market sources say

ICG resets previously-refinanced 2014 CLO
Intermediate Capital Group has taken the new issue-refi-reset route with a 2014 US CLO after working with Morgan Stanley to compete the third leg of that process yesterday.

CIFC adds five-year reinvestment to static CLO and cuts funding costs
CIFC Asset Management has become the latest manager to take a seasoned 2.0 CLO and reissue it

Neuberger cuts triple A coupon in half following CLO reset
CLO managers are looking to reset their 2016 CLOs at the first available opportunity with Neuberger Berman resetting its US deal Neuberger Berman CLO XXI on Friday

US CLO round-up: managers make quick-fire return and numbering systems go out the window
It’s normal practice for managers to number their CLOs sequentially – but this week’s issuances have not paid heed to this practice, creating havoc for Excel spreadsheets and causing those of a scrupulous manner to take a sharp intake of breath

Triple A price talk circulates on US manager's first new issue CLO of 2018
JP Morgan has begun marketing a new US CLO on behalf of a fast-growing CLO manager

Private equity firm hits target size with $170 million for its first credit fund
Technology-focused private equity firm Accel-KKR has raised $170 million – and hit the total offering amount – for its series 1 Credit Partners fund, which appears to be a direct lending strategy

PGIM notches up its third new issue CLO of 2018 in $612 million deal
A CLO manager priced its fourth CLO transaction of the year yesterday with $612 million new issue 

Control equity position in 2018 CLO goes on the auction block
A 52.88% control equity position in a CLO that closed in February appears on b-wic for sale tomorrow