Oak Hill seeks to raise new CLO equity fund with mammoth cap
Alternative credit manager Oak Hill is raising a huge new captive CLO equity fund to support global deal activity

Pearl Diver to list new CLO equity fund
Pearl Diver is listing a new CLO equity fund on New York Stock Exchange under "PDCC" ticker

Captive equity is still an option as Carlyle raises fund
Despite predictions of poor returns, captive equity funds can still be raised. The latest manager to hit the market is Carlyle Group, the world’s largest CLO manager according to our 3Q23 Creditflux rankings. According to market sources, Carlyle is raising a half-billion-dollar equity fund, which is expected to be complete by the end of the year.

Credit funds at a glance
Fund performance, fund raising and LP commitments

CVC closes third captive equity fund
CVC Credit has announced the final close of its latest captive equity fund, CVC CLO Equity III, with a mammoth $800 million of commitments.

AlbaCore prepares investment grade and opportunistic CLO strategies with European focus
AlbaCore Capital Group is building out its CLO investment capabilities, with officials at the firm telling Creditflux about the launch of two new CLO strategies — one focused on investment grade CLO tranches and another with a more opportunistic CLO approach

LGT eyes CLOs in new $750 million evergreen credit fund
LGT Capital Partners has launched a new evergreen credit fund, which will invest in a variety of floating rate credit strategies – including CLOs

Pimco eyes CLOs as part of new flexible credit interval fund
Pimco is preparing to launch a new closed-ended, non-listed interval fund, named Pimco Flexible Corporate Income Fund, which will invest at least 80% of assets in corporate debt across public and private credit markets

Credit funds at a glance (April 2023)
A round up of people moves and fundraising

CLO investor expands into IG tranches with new global fund
The junior CLO debt and equity investor is going up the capital stack to invest in single A and triple B tranches

P&G launches leveraged European CLO fund Zoo5
P&G is looking to achieve double-digit returns through a new fund focused on European CLO triple A tranches, named Zoo5

Credit funds at a glance (February 2023)
A round up of people moves and fundraising

Permira closes sixth CLO junior debt and equity fund
Permira Credit has closed its sixth European CLO junior debt and equity fund,  Permira Sigma VI

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

Bain holds final close on $650 million fund to buy own CLO equity globally
Bain Capital Credit has closed its second captive equity fund with $650 million commitments, thought to be among the largest manager-controlled CLO equity funds raised

Belstar partners with Apollo to launch global corporate and structured credit fund
Belstar Management Company has launched a credit fund to invest across global liquid and private credit - including both corporate and structured credit

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

Euro CLO manager closes second captive equity strategy at €228 million
An experienced European CLO manager is taking care of its CLO issuance for the next few years 

US manager becomes latest to register triple A CLO ETF
The manager joins the likes of BlackRock, PineBridge and VanEck, Janus Henderson and AXS to use exchange traded funds to invest in CLO tranches

Manager targets €300 million for structured credit fund with CLO/CSO mix
The fund will invest primarily in European CLO equity 

Nuveen raises $150 million to invest further in CLOs
Nuveen is expanding its CLO product suite with the launch of a new CLO opportunities fund, according to recent regulatory filings

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

GreensLedge AM targets IG-rated CLO tranches with $500m fund
GreensLedge Asset Management has made a breakthrough with its first commingled CLO fund through a $500 million vehicle that invests in senior CLO tranches

Investors urged to look at CLO funds amid PE slowdown
Institutional investors are said to be eyeing CLOs and structured credit as they seek to calibrate duration risk and prepare for recession. In addition, year-to-date performance in private equity portfolios isn’t meeting pension funds’ tough returns targets

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit