Texas pension allocates $75 million to CLO fund
Texas County District & Retirement System has allocated to its third CLO fund in three years 

Manager raises $150 million for first solo captive CLO equity fund
The US manager is on the road fundraising for its third ever captive equity CLO fund, but first under its new branding,

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

Flat Rock eyes double Bs for CLO interval fund launch
Flat Rock Global is expanding its CLO fund roster and eyeing double B-rated tranches of US middle market CLOs as part of a new interval fund, according to market sources.

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

Angel Oak launches inaugural structured credit ETF
Angel Oak Capital Advisors has launched its first exchange traded fund, Angel Oak UltraShort Income Fund ETF

Fidelity Investments eyes CLOs as part of multi-strategy credit fund
Fidelity Investments is preparing to launch a new multi-strategy credit fund, which will “opportunistically rotate across the entire credit spectrum”

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
 

   

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

US manager prepares fifth CLO opportunity fund
Sources say the fund will invest across all parts of the CLO capital structure, plus CLO warehouses. 

Large CLO investor becomes latest to launch triple-A focused CLO ETF
A large US manager joins the likes of Alternative Access, Janus Henderson and PineBridge/VanEck, that have launched CLO exchange traded funds since 2020

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

Global captive CLO equity fund closes with $230 million
The fund will invest in majority equity positions of the manager's US and European CLOs

Fast-growing manager launches $406 million captive CLO equity fund
The fast-growing credit boutique has become the latest manager to launch a captive CLO equity fund, giving the firm the ability to control the pace of its CLO issuance

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

Large US manager closes third captive CLO equity fund
The $140 million fund is anticipated to invest in over five of US CLOs

US manager launches CLO and loan funds with $150 million seed capital
A Dallas-headquartered manager has secured $150 million in anchor commitments for a new US CLO fund and leveraged loan fund

Calamos and Aksia eye CLOs as part of new multi-credit interval fund
Calamos Advisors and Aksia have teamed up to launch a closed-ended interval fund that can invest across several areas of credit

John Hancock and Marathon join forces on ABL fund with structured credit bucket
John Hancock Investment Management has teamed up with Marathon Asset Management for an asset-based lending fund, which can invest a portion of capital in liquid structured credit such as CLOs

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

ETFs open up to CLOs as PineBridge/VanEck team up
Although CLO triple A investors are scarce at present, CLO exchange traded-funds are becoming a bigger part of the investment community after PineBridge Investments partnered with VanEck to launch VanEck CLO ETF (CLOI) last month.

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

Bluerock and WhiteStar unveil CLO interval fund
Bluerock has partnered with CLO specialist WhiteStar Asset Management to launch an interval fund, named Bluerock High Income Institutional Credit Fund, focused on CLO tranche investing