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 resets 2017 CLO bought from Bardin Hill
HPS Investment Partners has reset and upsized a 2017 CLO it acquired from Bardin Hill Investment Partners in 2021

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

Apollo breaks into CLO co-placement agent role on first Euro third-party deal
Apollo has typically served as co-placement on its own Redding Ridge European CLOs, but on Thursday was co-placement agent on a HPS European CLO new issue

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

2019 CLO refis still on agenda as HPS reworks European deal
HPS Investment Partners has become the latest manager to partially refinance a 2019 European CLO, Aqueduct European CLO 2019-3

European CLO weekly volume passes €4 billion as HPS resets former Bardin Hill deal
European CLO weekly volume rose to over €4 billion on Friday, with HPS Investment Partners rounding off the week

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 reworks Bardin Hill European CLO for first time since acquisition
HPS Investment Partners has refinanced a 2019 European CLO formerly managed by Bardin Hill

HPS inserts loan tranche in European CLO reset
European CLO loan tranches have made another appearance as HPS Investment Partners' resets a 2019 European CLO, Aqeuduct European CLO 2019-3

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

Points up front: Waterway to name and brand your CLO
When taking over a CLO launched by another firm, CLO managers face a dilemma: how do you re-brand it so it’s clear it’s one of your CLOs, but not so much that it fudges your personal track record? Well, HPS Investment Partners has found a neat balance

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