US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

HPS plans expansion into middle market CLOs
HPS Investment Partners is looking to expand into middle market CLOs and earlier this month hired a vice president in its middle market CLO team

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

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Past returns: Ellington invents triple C-flex CLOs
Five years ago, Creditflux reported that Ellington Management was launching a US CLO business

HPS upsizes US CLO equity tranche and lowers deal leverage with reset
HPS Investment Management priced a $472.2 million CLO reset on Tuesday, upsizing the deal's equity tranche by $7.65 million in the process

Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets

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

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

LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

HPS prints first regular US CLO in 28 months
Nomura arranged the $507.4 million deal, which is HPS's first regular way US CLO since July 2019

CLO managers join forces as they line up behind SFDR
A plethora of European CLO managers have teamed up with regulatory reporting provider FinDox to form a working group focused on Sustainable Financial Disclosure Regulation (SFDR), sources tell Creditflux.

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

How's this for Stratas? HPS returns to US CLO issuance with triple C-flex deal
HPS Investment Partners priced a rare CLO with an elevated triple C basket on Monday as it marks its first new US CLO of any kind in over two years

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

HPS makes big hire with CLO head Frey set to retire
HPS Investment Partners is set to hire the former CLO head at a rival issuer as well known loan PM David Frey prepares to step down   

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

HPS joins group of managers to upsize CLO equity with reset
HPS Investment Partners has joined the burgeoning group of CLO managers to upsize their equity tranche following a CLO reset

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

US CLO structurer joins HPS
The destination of a CLO originator who left her job last month has come to light

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

HPS issues US CLO market's 15th single B tranche of 2021
HPS Investment Partners has become the 15th US CLO manager of the year to issue a single B tranche, bringing the total issuance of the liability class for 2021 up to $108.8 million

Points up front: Revlon repayment was Bad Day at the office
Making light of a situation is a good coping mechanism when things don’t go as expected. The Revlon loan repayment saga has underlined this with court filings revealing how CLO portfolio managers reacted to what Citi purported was a ‘mistaken’ $900 million paydown of Revlon loans

Golub follows Sixth Street by suing Dyal over Owl Rock merger
Dyal Capital’s merger with Owl Rock faces growing opposition with Golub Capital filing a lawsuit

LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies