European CLO equity in focus for secondary market with 50% trade rate
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday

US CLO round-up: Dry January ends early as spreads get hammered
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists

KKR prices new US CLO with triple As at 137.72bp
KKR Financial Advisors priced its first new issue CLO of the year on Friday named KKR CLO 24

KKR promotes three European credit specialists to managing directors
KKR has promoted several members of its team to managing directors - including a former US CLO portfolio manager

Pensions pile in as KKR sets $2 billion direct lending fund target
KKR Credit has raised at least $1.6 billion for its third US direct lending fund, according to US regulatory filings.

Till debt us do part: CLOs have and hold David's Bridal loans as they plummet 10.87%
CLOs hold $26.63 million exposure to David’s Bridal, which filed for Chapter 11 bankruptcy on Monday

KKR prices its fifth CLO reset of 2018
KKR Financial Advisors priced a $372 million CLO reset yesterday (20 November) via Credit Suisse

Kartesia invests in equity of 2018 European CLO
Kartesia has invested in the equity of KKR’s latest European CLO 

115bp emerges as senior triple A benchmark as KKR prices new US CLO
KKR Financial Advisors has priced its fifth new issue CLO of 2018

Spreads jump tighter again as KKR prices new European CLO
CLO triple A spreads in Europe have been inconsistent of late with recent deals pricing within a 10 basis point range. The latest CLO to be issued on the continent emerged late on Friday and its pricing is tight relative to market spreads

KKR prices rare four-year reset via Deutsche Bank
KKR Financial Advisors priced a rare four-year reset of its 2015 CLO named KKR CLO 12 yesterday

KKR and Schroders back €1 billion Dutch direct lending fund
Neos, a Dutch direct lending firm, has held a €1 billion close on its Dutch and German direct lending joint venture

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

KKR forms lending JV to target "clear need for UK mainstream housing development"
KKR and London-based Urban Exposure, a specialist residential development finance provider, have formed a strategic partnership and launched a lending joint venture to target significant opportunities in "mainstream housing throughout the UK”.  

Texas pension fund puts $150 million into credit
A $29.7 billion pension fund has approved commitments to two credit fund managers

FS and KKR merge BDCs to create second-largest publicly traded BDC
FS Investments and KKR Credit yesterday agreed to merge FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT), in a move that has created the second largest publicly-traded BDC behind Ares Capital Corporation  

Pricing balance between 'floored' and 'unfloored' CLO tranches shifts as two deals price
The use of ‘unfloored’ mezzanine tranches in European CLOs is becoming more widespread with Barings and KKR Credit each pricing deals incorporating such features on Friday

KKR eyes second European direct lending fund
New York headquartered KKR is looking to raise its second European direct lending fund - KKR Direct Lending Europe II, European regulatory filings reveal.

Alcentra hires co-heads of US direct lending
Alcentra has moved into the US direct lending space - and has appointed Suhail Shaikh and Peter Glaser as managing directors and co-heads of its US direct lending business

KKR prices $607 million US CLO
KKR Financial Advisors priced its third new CLO of the year yesterday named KKR CLO 22

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

Former BlueMountain portfolio manager resurfaces at KKR
A credit specialist who left BlueMountain in 2017 has resurfaced at KKR Credit as a director in its New York office, Creditflux has learned

CLO b-wic line-up: $42 million of double B CLOs go up for sale
$41.9 million of double B notes are up for grabs today via b-wics. Out of these 16 line items, GSO Capital Partners’ Seneca Park is a noteworthy deal with the CLO being just two months away from the end of its reinvestment period

Global CLO manager prices first European new issue of 2018 via Barclays
A manager issued its first new CLO in Europe of 2018 on Thursday, according to market sources

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors