Churchill taps King Street’s former head of capital solutions to lead new strategy
The Nuveen Private Capital subsidiary is launching its own capital solutions strategy that will provide senior and junior private debt to companies seeking customized financing

King Street defeats Octagon in heated public dispute over CLO fund
More than two-thirds of shareholders in XA Investments' XFLT fund backed the board's recommendation to replace existing sub-adviser Octagon Credit Investors with King Street subsidiary Rockford Tower

XAI CLO fund shareholder meeting pushed back a week as Octagon denounces delay
A special shareholder meeting that was set to determine the future of Octagon Credit Investors as the sub-adviser to a CLO fund managed by XA Investments (XAI) has been deferred for a week, marking the latest bout in a highly public dispute

Octagon criticises ‘coercive’ use of sweeteners offered to CLO fund shareholders
Shareholders in the XFLT fund have been offered access to a series of tender offers if they vote to oust sub-adviser Octagon, a move described by Octagon as “coercive”

Glass Lewis backs board proposal to remove Octagon on disputed CLO fund
The proxy voting services company is recommending shareholders vote with the board of CLO fund XAI Floating Rate & Alternative Income Trust in replacing sub-advisor Octagon with King Street

Egan-Jones Ratings backs Octagon in CLO fund dispute
Independent proxy advisory firm Egan-Jones Ratings has recommended that XFLT shareholders vote against a proposal to replace Octagon as the CLO fund’s sub-adviser

Octagon accuses XFLT's board of misleading shareholders as row with CLO fund deepens
Octagon Credit Investors has accused the board of a CLO fund for which it is acting as a sub-adviser of misleading shareholders, as a highly public dispute between the credit investing firm and the fund's board continues to escalate

Octagon urges shareholders to vote against approval of new sub-advisor for disputed CLO fund
Octagon has further raised the stakes in its clash with XA Investments over its role as sub-adviser on a disputed CLO fund, having last week described various claims from the fund’s board as “increasingly desperate”

It’s Octagon vs King Street in public battle for a CLO fund
Octagon Credit Investors has urged investors in its XFLT fund not to accept a proposal that will see King Street subsidiary Rockford Tower replace it as the fund’s sub adviser

CLO hiring market heats up ahead of summer break
The CLO hiring market is boiling over – here’s a roundup of the moves we’ve seen over the last couple of weeks

King Street wins Saudi backing for new Middle East-focused private credit fund
A new credit fund will seek to provide private capital solutions to corporates and to conduct asset-based lending within Saudi Arabia and MENA

Oklahoma system allocates USD 1.3bn as others set 2026 targets
OTRS commits USD 1.3bn to Blackstone, KKR private credit funds, while Los Angeles, New Hampshire, San Antonio pensions disclose recent moves

King Street debuts new long/short credit UCITS fund
The fund launched on International Asset Management’s UCITS platform with USD 100m in commitments

Investors optimistic, bullish on European structured credit – BofA, King Street, Blackstone, Federated Hermes
PODCAST: Credit Exchange with Lisa Lee catches up with Bank of America's Alex Batchvarov, King Street's Young Choi, Blackstone's Alex Leonard and Federated Hermes' Andrew Lennox at the Global ABS conference in Barcelona

King Street, Generali Investments launch opportunistic credit fund for affluent Europeans
The fund will offer investments beyond traditional direct lending, offering investors access to corporate and asset-based lending, dislocated public credit, and some distressed situations

King Street launches special situation fund open to individual investors
The asset manager plans for the fund to have around USD 1bn in assets under management.  

King Street bolsters CLO research ranks with hire from KKR
Alternative asset manager King Street has hired Terry Ing from KKR to head US research for credit and CLOs    

Taconic adds CMBS specialist to team in New York
Taconic Capital has boosted its CMBS business with an experienced hire

Rockford Tower turns to CBOs in first deal of year
Rockford Tower Capital Management made the transition from regular-way CLOs into bond-heavy deals by pricing its debut transaction on Thursday

Migration into floating rate kicks off with record loan inflows
The leveraged loan market received record-breaking inflows from retail funds in January as investors pivoted into floating rate products in advance of interest rate rises

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Credit funds at a glance (August 2021)
A round up of fundraising and people moves in credit

King Street raises $1.2 billion for first global credit drawdown fund
The fund will target distressed and stressed corporate debt, structured products, and asset-backed investments, as well as claims and claim-related opportunities

CMBS market picks hotels for bright summer ahead
CMBS and RMBS markets are set to be among the biggest beneficiaries as the US economy opens up in the latter half of this year, but market participants caution that there will be bifurcation in certain sectors

Rockford Tower prices US CLO triple As inside 117bp
Rockford Tower Capital Management teamed with Bank of America on Thursday to issue its third new CLO of 2021