Orchard targets CLO investments in fruitful year of fundraising
Orchard Global Asset Management is in the process of fundraising for its first CLO focussed fund, according to market sources. The firm is targeting the global CLO market and looking across the capital stack.

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  

Fair Oaks launches new fund targeting senior CLO paper
Fair Oaks Capital has launched a Ucits fund targeting triple and double A CLOs, according to market sources

Apollo fee earnings rise 9% in Q2 as structured credit boosts portfolio
Apollo Global Management’s credit portfolio increased 4% quarter-over-quarter to $201 billion, driven by growth in affiliated life insurance firm Athene, as well as corporate credit and structured credit

A challenging environment

Credit plays a big part as KKR increases AUM by $6.5 billion
KKR grew its assets under management by 8% over the second quarter, according to the firm’s earnings call, which took place on Thursday.

Spotlighting the original originator
Five years ago in Creditflux, we reported on the very first CLO originator fund being launched: Blackstone/GSO Corporate Funding.

Credit funds at a glance

A round-up of fundraising and people moves in credit

CLOs at a glance
Managers focus on AUM building via new issues

CIFC launches its first CLO Ucits fund
CIFC Asset Management has become the latest manager to launch a new CLO Ucits fund

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

Silverpeak looks to put together listed CLO equity fund
Silverpeak's CLO-focused fund will primarily invest in CLO equity and be listed on the New York Stock Exchange

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures

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

Pearl Diver launches new CLO funds and expands into US with New York office
CLO equity investor Pearl Diver Capital is in full-on expansion mode with the launch of new funds and the opening of its US office in New York

German asset manager launches CLO-focused Ucits fund
UniInstitutional Structured Credit, managed by Frankfurt-headquartered Union Investment, will invest in a portfolio of securitisations, with a strong focus on CLOs  

Highland launches CLO Ucits fund
Dallas-headquartered Highland Capital Management has launched a new Dublin-domiciled Ucits fund, which will focus on CLO debt

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Alcentra holds $513 million close for CLO-focused fund
Alcentra has held a final close on its third structured credit opportunity fund with $513 million capital commitments - which has the ability to invest in US and European CLO equity, mezzanine tranches and warehouse capital 

Marble Point lists CLO equity fund on London Stock Exchange
Marble Point Capital Managment has completed an IPO for its new listed fund named Marble Point Loan Financing

Alcentra creeps closer to $300 million target with third structured credit fund
London-headquartered Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management, appears to have raised more than $214 million for its third Clareant structured credit opportunities fund

New wave of CLO funds emerge as managers capitalise on tight spreads
Credit managers have raised an abundance of capital in the last few months with the aim of stocking up on their CLO investments

Californian pension fund approves $50 million commitment to CLO-focused fund
The pension fund has approved a $25 million commitment to an upcoming CLO fund, adding to $25 million previously committed 

Carlyle raises more than $800 million for global CLO-focused fund
Carlyle's newest fund will invest in CLOs backed by US and European senior secured corporate loans actively managed by third parties