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  

Eagle Point eyes CLO BB tranches with new vehicle
CLO equity investor Eagle Point Credit Management has registered a new vehicle Eagle Point Income Company, which intends to focus on investing in CLO “BB” tranches

Sound Point and American Beacon team up for credit interval fund
American Beacon Sound Point Enhanced Income Fund will invest in a variety of credit-related instruments - with at least 40% bank loans exposure

Mariner eyes new series for CLO Opportunities Fund
Mariner Investment Group is raising for the its second series of its CLO Opportunities Fund, according to US regulatory filings

Sound Point CLO Fund sees inflows of $100 million over 12 months
Sound Point Capital Management's CLO fund has reached approximately $240 million

KKR eyes CLO equity for new fund
KKR has become the latest manager to launch a US CLO equity fund, according to regulatory filings

Pimco raises $116 million for CLO opportunities fund
Pimco has raised at least $116 million for its CLO Opportunities Fund, according to US regulatory filings

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

Large credit manager raises $386 million for CLO equity fund
A New York-based credit fund manager has raised a fund to retain the equity in its own brand of CLOs

First Trust teams with TCW to launch unconstrained credit ETF
First Trust Advisors will act as investment advisor to the new actively managed fund, while TCW Investment Management will act as sub-advisor

Flat Rock prepares $100 million CLO equity-focused fund after big hire
Flat Rock will launch the new interval fund to primarily invest in CLO equity, with newly hired anchor CLO investor Shiloh Bates acting as one of the portfolio managers

Spire moves into CLO investing with new credit fund
European corporate credit specialist Spire Partners has raised roughly €100 million for a multi-strategy fund that will have the ability to invest in CLOs

Credit interval funds thrive as investors value liquidity profile
“The interval fund structure’s time has come," says BlueBay's Blair Reid

Bain raises at least $239 million for structured credit fund
Credit specialist Bain Capital Credit has raised at least $239.5 million for its structured credit fund , according to US SEC filings.

Highland merges funds to create new loan/CLO strategy
Highland Capital Management has merged certain funds to create a new strategy that will invest across corporate loans and CLOs, according to market sources

Michigan fund commits $25 million to CLO "risk retention" vehicle
The University of Michigan's endowment has made a $25 million commitment to a CLO fund managed by Kayne Anderson Capital Advisors, according to documents seen by Creditflux

CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

LMCG credit fund doubles in size
Boston-based LMCG Investments has raised at least $72.69 million for its credit hedge fund – more than doubling fund assets in exactly a year, according to US regulatory filings

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 

Long-term lock-up funds work very well in private equity, but CLO equity has greater needs
Beware of applying to CLOs fund structures that work for other asset classes, such as private equity. The result may be lost value