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

Janus’ mezzanine CLO ETF tops USD 1bn of AUM
Janus Henderson’s B-BBB CLO ETF has grown to more than USD 1bn in AUM as retail investors are increasingly drawn to investing in CLOs. 

Janus’ AAA CLO ETF tops 10 billion in AUM
Janus Henderson AAA CLO ETF (JAAA) has passed USD 10bn in AUM, as interest in CLOs continues to rise among retail investors

Golub raises USD 2bn for sixth credit opportunities fund
Golub Capital has held the final close of the sixth vintage of its credit opportunities fund, raising USD 2bn

CLO manager strikes gold with giant captive equity fund raise
Veteran CLO manager and investor closes USD 1.3bn in commitments for its third captive CLO equity fund

CalPERS to shift allocation from fixed income to private credit
The California-based pension system said on Monday that it plans to up its allocations to the private debt asset class

Columbia Threadneedle makes CLO equity partnership with Jefferies
Columbia Threadneedle has entered into a strategic agreement with a consortium led by Jefferies that will commit equity capital to support the issuance of multiple CLOs over the next several years

Lakemore raises more than USD 500m for latest CLO equity fund
CLO equity specialist Lakemore Partners has raised USD 560m for the fifth edition of its flagship fund. The final close for Aquatine V Fund is 40% higher than the USD 400m that Aquatine IV Fund raised.

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.

European manager takes big step towards first US CLO
Polus Capital Management has made another notable step in its journey towards US CLO management, securing committed capital from strategic investors to support its first five US CLO

Irradiant launches new captive equity fund
Irradiant Partners closed its latest captive equity fund today, with the third vintage of the Irradiant CLO equity strategy bringing in USD 411m in commitments

Vertical Capital Income fund changes name as Carlyle takes over and shifts focus to CLOs
Vertical Capital Income Fund is set to rebrand as Carlyle Credit Income Fund after a transaction appointing Carlyle Group as the fund's investment manager and shift the fund's investment mandate to CLOs closed on Friday

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.

US manager launches second captive CLO equity fund
The firm closed its inaugural captive CLO equity vehicle at $375 million just 14 months ago

CSAM and Sixth Street launch CLO funds
Credit Suisse Asset Management and Sixth Street Partners are the latest firms to raise CLO funds

Two more credit firms explore US CLO management
Two US credit shops, headquartered in Greenwich and Boston, are the latest to explore launching US CLO management platforms, according to multiple sources. One has also launched a CLO fund.

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

Oxford Funds launches closed-ended CLO fund
Oxford Park Income Fund will invest primarily in CLO equity and junior debt tranches, with the ability to opportunistically invest in CLO warehouses

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

Uni of Michigan reveals $50 million CLO fund allocation
The Regents of the University of Michigan has revealed a $50 million allocation to a captive CLO equity fund

SEI plots CLO interval fund launch
SEI Investment Management is launching a new closed-ended interval fund focused on CLO tranches

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