Investcorp draws up plans for dual risk retention-compliant CLOs
Investcorp Credit Management has recently issued its first European CLO following the sale of the business, formerly known as 3i Debt Management (or 3iDM), to Investcorp and the deal looks like being the first of a number of dual risk retention-compliant offerings from the manager

Boston-based manager prepares reset of already-refinanced CLO
A Boston-based credit manager is close to pricing what is understood to be the first reset of an already-refinanced CLO, according to market sources

Former Apollo CIO quits troubled Fifth Street after four months
Fifth Street Asset Management announced yesterday that it has parted company with a founder partner of Apollo Global Management, brought in late last year as part of a shake-up at the company

CLO manager continues partnership with Credit Suisse as it prepares refi
A CLO manager has teamed up with Credit Suisse to price a refinancing for the third time this year, according to an investor notice

Cerberus wins $200 million direct lending mandate from peace garden state
US pension money continues to be channelled into direct lending with officials at a $12 billion pension plan confirming an allocation to Cerberus

Investcorp completes first US CLO deal of the year with $327 million refi
Investcorp Credit Management – formerly known as 3i Debt Management – has priced its first US CLO refinancing of the year, according to market sources

CLO equity bids soar above NAV as dealers dominate b-wics
Two of the most active CLO dealing desks snapped up three out of four positions available on a closely watched secondary sale yesterday

US insurance company's affiliate looks to expand in structured credit
An insurance company-backed asset manager is making a push into the structured credit market

Los Angeles-based manager begins marketing new CLO with BNP Paribas
A Los Angeles-based CLO manager is working on its second CLO of the year, according to market sources. The $818 million deal is expected to price next week

Global credit manager signs up Morgan Stanley for 2014 US CLO refi
A global manager has selected Morgan Stanley to refinance a 2014 vintage CLO, with the deal expected to close in April

LMCG credit fund turns defensive after near 4% one-month return
LMCG’s Serenitas Credit Gamma Master Fund posted a return of 3.58% for February, according to a note sent to investors

Angelo Gordon continues to ramp up after launching large direct lending fund
Angelo Gordon’s US direct lending unit has added a $55 million position to its new fund

Manager markets first dual-compliant CLO after CMV launch
A US CLO manager is preparing a $600 million deal to be managed by its new capitalised management vehicle, according to market sources.

Control of 2013 US CLO changes hands amid talk of low 20s valuation
A $50 million b-wic featuring control of Mountain Hawk CLO II traded yesterday, according to market sources. The CLO has recovered somewhat after a rocky 2016, but price talk on the equity tranche suggested future distributions will be low

Rare controlling equity b-wic casts light on CLO fee-sharing deals
CLO investors get a rare chance later today to buy a controlling equity stake in a US CLO complete with a share of the deal's management fees

New York insurer brings in corporate credit portfolio manager
Corporate credit portfolio manager joins insurer after 12 years at PartnersRe

Eagle Point builds nest for double Bs as investors take long view on CLOs
Junior CLO debt is fast becoming a long-term, buy-and-hold asset class

Ellington Management gears up for CLO launch
Ellington Management is preparing to make a push into CLO management

Real money chooses European credit
Creditflux’s biggest ever survey of institutional investors shows that real money investors are gravitating towards European credit

Heading tighter into uncertainty
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon

Manager's 2007 CLO hits 23% running IRR after two huge equity payments
A 2007 CLO managed by a US CLO manager has made a huge equity payment for the second quarter in a row, according to CLO-i