New Bain CLO prices tight and sees Europe's longest reinvestment period of 2023
Bain Capital Credit priced its first European CLO of 2023 on Monday, scoring some of the tightest prints in the market since the first quarter in the process

Bain is back with first mid market CLO in four years
Bain Capital is back just two weeks after pricing their last CLO with a new US middle market CLO, the first for the Boston-based manager since 2019.

Bain prints second largest BSL CLO of the year with tightest pricing in June
Bain Capital Credit priced the second largest broadly syndicated loan-backed CLO of the year on Tuesday

Bain scores tightest triple A for five-year CLO this month
Bain Capital Credit priced a new CLO on Tuesday, scoring the tightest triple A print on a five-year reinvestment deal so far this month

Bain becomes first European CLO manager to fund delayed drawn single Bs
A notice to investors in Bain Capital Credit European CLO 2022-2 on Friday 21 April notified them the deal’s equity holders resolved to sell the full €14 million class F notes 

US CLO pipeline: Spreads and tenors disperse as six managers eye new issues
Dispersion has come to the fore in the US CLO market with higher tier managers able to price their triple As in the 180-185 basis points range and others up around 200bps. But this week’s pipeline shows there is some divergence in the length of CLOs coming to the market too

Bain reveals $4bn of direct lending investments in 2023
Bain Capital Credit says it invested $4 billion in private equity-sponsored, middle-market companies last year.

Bain launches non-traded BDC
Bain Capital Credit says it has launched a non-traded business development company known as Bain Capital Private Credit, or BCPC

Bain partners with two arrangers for five-year US CLO
Bain Capital Credit priced a US CLO on Friday, sources say, in a deal which featured a rare arranging combination

Bain hires managing director in Euro liquid credit strategies team
In his role, he will be helping to lead investments and the development of the liquid and structured credit team

Bain promotes European CLO PM to partner
Bain Capital has promoted its head of European structured credit and liquid credit to partner

Bain holds final close on $650 million fund to buy own CLO equity globally
Bain Capital Credit has closed its second captive equity fund with $650 million commitments, thought to be among the largest manager-controlled CLO equity funds raised

The Last Tranche with Bain's Wright: Manager consolidation will be likely as benefits of scale come to bear

In this episode of The Last Tranche, Bain Capital Credit managing director John Wright discusses the manager landscape in the CLO market

US credit manager builds European CLO business with Bain hire
A Minneapolis-headquartered manager is understood to be building a European CLO platform, adding to the growing number of expected debutants on the continent

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

Boston-based investor looks to sell entire equity tranche of 2020 PGIM CLO
An unusual equity position is on sale on the secondary market today at 9.30am EST (2.30pm London time) as the entire equity tranche of Dryden 83 has been listed

Bain Euro CLO details emerge with delayed draw single B
Pricing details have emerged on a Bain European CLO the manager priced last Thursday

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month

Bain and Carlyle print five-year reinvestment CLOs with senior triple As at 210bp
Bain Capital Credit and Carlyle Group each issued a new five-year reinvestment CLO on Thursday, with each deal's senior triple A tranche paying a coupon of 210 basis points over Sofr

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

Loan traders eagerly await electronic trading solution
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative

Bain collects $2 billion for second Asian special situations fund
Bain Capital has collected more than $2 billion for its second special situations fund, Bain Capital Special Situations Asia Fund II. The vehicle had an initial $1.5 billion target

US investors welcome flurry of CLO new issues
The UK may have been off from Thursday for the Jubilee holiday, but in the US the primary CLO pipeline proceeded apace with several new issues hitting the market before Friday’s close

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator