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

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

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

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

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

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

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

Bain goes long with new European CLO as 2022 issuance passes €15 billion
Credit Suisse arranged Bain’s €416.72 million deal, named Bain Capital Euro CLO 2022-1, which features a 4.6 year reinvestment period and a two year non-call

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

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

Assured confirms Bain Euro CLO wrap trade
Assured Guaranty has confirmed it guaranteed the triple A tranche of the European CLO

Investors behind CLO guarantees emerge as Assured wraps third deal
A bank and an insurer have emerged as the two investors behind Assured Guaranty’s financial guarantees of recent CLO trades. And Assured Guaranty has provided a guarantee to an investor on a third European CLO

Bain prints second European CLO new issue of 2021
.Bain’s latest deal, Bain Capital Euro CLO 2021-2, comes just four months after it priced its first new issue of the year

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Bain passes €1 billion mark for Euro CLO 2021 volume with new issue
-Bain Capital Credit has taken its 2021 European CLO volume to over €1 billion in pricing its latest new issue, Bain Capital Euro CLO 2021-1

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues