Highland turnaround is complete as Daugherty takes control of affiliates
“I feel vindicated and proud to have fought for over 10 years on behalf of investors. It was worth it,” Daugherty tells Creditflux after reaching an agreement with Highland where he will have an ownership stake in the Highland platform, among other things 

Blue Owl proposes key person replacements on Wellfleet CLOs following acquisition
Blue Owl Capital has proposed key personnel replacements on Wellfleet CLOs, following Blue Owl’s acquisition of Wellfleet from LittleJohn last month

MKP partner joins Orchard in new global distribution role
Orchard Global Asset Management has hired an experienced figure from MKP Capital in the newly created role of global head of distribution and investor relations

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

III promotes CLO head to partner
III Capital Management, the investment manager arm of AVM, has promoted its head of CLOs to partner

LibreMax hires to CLO team in New York
A former RBC Capital Markets CLO and ABS trader joins LibreMax in New York

Churchill appoints CLO management head amid string of senior promotions
Churchill Asset Management has made a string of senior promotions including naming Kelli Marti as senior managing director and head of CLO management

Leucadia AM takes non-controlling stake in Hildene
Hildene Capital Management has entered a strategic relationship with Jefferies affiliate Leucadia Asset Management

Churchill names Wells Fargo official to newly created head of fund finance role
Churchill Asset Management has created the new role of head of fund finance to help it utilise leverage strategically across its fund strategies

Marathon promotes CLO specialist to managing director
Marathon Asset Management has a promoted CLO specialist to managing director, in a role which encompasses the management of all non-credit elements of the firm’s CLO business

Large US CLO issuer plans expansion into Europe
An experienced US CLO manager is hiring with a view to building out a European CLO team

Oak Hill hires head of ESG in New York
Oak Hill Advisors has hired its first head of ESG and sustainability 

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

Booster mandates leave unvaccinated further in the cold
US credit asset managers are starting to make coronavirus vaccination boosters part of their recruitment policy requirements, sources say.

Former Wells Fargo CLO researcher joins Credit Suisse in New York
A former CLO and ABS researcher at Wells Fargo has joined Credit Suisse as a CLO trading desk strategist in New York 

NEPC adds CLO specialist to research team in Boston
The ex-Gapstow official will focus on public and liquid strategies in NEPC's credit and multi-asset group

LSTA adds US CLO specialists Comer and Russell to its board
AGL's Wynne Comer and Morgan Stanley's Rachel Russell are two of four new members of the LSTA's board, replacing four members who have served multiple terms

CLO portfolio manager leaves MidOcean
An important figure in MidOCean's CLO business has left the firm. MidOcean has big hiring plans, but is in a CLO issuance drought having not priced a new deal since November 2019

Former Goldman CLO syndication head joins MidOcean in business development role
MidOcean Partners has hired a former CLO and ABS syndication head at Goldman Sachs as managing director 

Investcorp hires senior official to lead new Los Angeles office
The firm has expanded its US presence in the west coast and has hired a senior official responsible for growing investor relationships in the region

Hayfin dilutes structured credit unit as senior pair launch their own business
Hayfin Capital Management is pulling back from structured credit with the head of this business and a portfolio manager leaving to launch their own business

Milbank promotes CLO lawyer to partner in New York
Milbank has promoted a CLO lawyer to partner in its New York office

Apollo promotes CLO specialist to managing director
Apollo Global Management has promoted a New York-based CLO specialist to managing director

RBC adds to US CLO team with hire from Morgan Stanley
RBC Capital Markets has started the year by adding to its US CLO team

Dechert raids Milbank's CLO team in NY for three hires
The law firm's three hires follow its appointment of partner Jon Burke, who rejoined the CLO team in October