Connection backs European CLO fund
Connection Capital has invested €5.2 million in the new CLO fund raised by Permira Debt Managers  

Commonfund seeks to diversify manager pool with new portal
Commonfund will launch an online 'diverse manager portal' designed specifically to receive due diligence materials from women and minority-led managers investing in equities, fixed income and credit, real estate and hedge funds

Credit funds at a glance
A round-up of fundraising and people moves in credit

Carlyle CLO warehouse investment results in 26.7% return for South Korean firm
A CLO warehouse investment in a transaction managed by Carlyle Group has generated a $1.3 million return for Seoul-based Tiger Alternative Investors, according to a report in The Korea Economic Daily

BlueMountain buyout to bring CLO equity shift, funding pledge and Feldstein payout
BlueMountain Capital Management’s co-founder Andrew Feldstein looks set to receive a substantial pay-out in common shares of Assured Guaranty, which has agreed to buy the manager for around $160 million and has outlined a three-year plan for its CLOs

Modern Woodmen log move into US senior CLO paper
Modern Woodmen of America, one of the largest fraternal benefit societies in the US, has emerged as a major investor in senior CLO notes, according to market sources. 

Calpers misses returns target despite fixed income outperformance
California Public Employees' Retirement System (Calpers) has missed its annual investment target despite strong performance from its fixed income portfolio, which was its top performer  

Abu Dhabi fund eyes CLO tranche investments
Having gained exposure to the CLO market via its seed investment in New York-based AGL Credit Management, the Abu Dhabi Investment Authority (ADIA) is looking to double up by also investing in CLO tranches.

Insurers dump floating rate CLOs
Two large insurance firms rotated out of floating rate CLOs by selling roughly $259 million of single A notes via b-wics last month, according to market sources.

US insurer seeks CLO portfolio manager to run $4.64 billion portfolio
A US insurer has grown its CLO book by 136% over the course of 2018. Now it's looking to hire a portfolio manager to oversee its CLO assets, which are largely triple B-rated

NAIC reports that US insurers more than doubled their CLO holdings in 2018
The National Association of Insurance Companies (NAIC) announced that US-based insurance companies own $122 billion in CLO paper as of 2018 year-end – more than double the $54 billion reported for year-end 2017

New investments drive Canada Pension Plan’s credit returns to 8.7%
Canada Pension Plan Investment Board (CPPIB)’s credit portfolio has delivered good returns during the 2019 fiscal year, despite the market volatility, according to the institution’s annual financial report  

Texas pension awards $75 million to CLO fund
The new commitment will sit in its strategic credit opportunities bucket

Cairn Capital hires portfolio manager for CLO investments
Cairn Capital has hired a portfolio manager with sell-side and ratings agency experience to be responsible for CLO tranche investments

CLO market waits on Asia deals to set year-opening benchmark
Three weeks into the new year, and the CLO primary market is still waiting for its first deal. And, in particular, the market is waiting on the Asian buy-and-hold investor base to reveal their hands.

Missouri pension plan seeks alternatives consultant
The $8.2 billion Missouri State Employees’ Retirement System (MOSERS) is seeking an alternative investment consultants

Wealth manager forms CLO partnership with Eagle Point
Alexandria Capital has formed a strategic partnership with CLO equity investor Eagle Point Credit Management

Pension fund hires portfolio manager to oversee loan and CLO investments
PensionDanmark has hired a senior portfolio manager to oversee its credit investments

Sound Point wins $285 million CLO equity mandate from Canadian pension fund
The C$366.6 billion Canadian Pension Plan Investment Board is looking towards CLO equity to broaden its investment exposure

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Texas pension fund approves two new CLO manager mandates
The Texas Municipal Retirement System has approved the appointment of GSO Capital Partners LP and Octagon Credit Investors as CLO managers on its non-core fixed income strategy

Californian pension fund approves $50 million commitment to CLO-focused fund
The pension fund has approved a $25 million commitment to an upcoming CLO fund, adding to $25 million previously committed 

US pension scheme puts $100 million into top-performing CQS fund
A multi-strategy credit fund run by CQS has earned a $100 million commitment from a US pension fund