Texas pension fund commits €75 million to European distressed debt
A $30.01 billion pension fund has awarded €75 million to a European distressed debt fund managed by AnaCap Financial Partners

LibreMax moves into CLO management with Trimaran acquisition
LibreMax Capital is set to buy US CLO manager Trimaran Advisors from Kcap Financial for $37.9 million

PennantPark wins $80 million for third credit opportunities fund
The new vehicle is the latest in the PennantPark Credit Opportunities series 

Ullico makes two senior hires for its new fixed income platform
Ullico, an insurance and financial services company, has appointed two senior professionals for its newly-created fixed income investment platform, UIA Investment Management (UIA IM)  

Franklin Templeton acquires Benefit Street
Franklin Templeton Investments has acquired $26 billion credit fund manager Benefit Street Partners

Man Numeric launches credit platform and appoints co-heads of credit
Man Numeric, the quantitative investment business of Man Group, has launched a new credit unit and appointed two officials to lead the business

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Former Barclays CLO head resurfaces at Guggenheim
Guggenheim Securities, the investment banking arm of Guggenheim Partners, has appointed a former Barclays senior CLO official to its structured products origination group

Jefferies creates team and aims to build CSO business
Amid mounting buy-side interest in the synthetic CDO market, sources say that Jefferies is looking to build a US business arranging these transactions  

Alaska fund appoints CIO
Alaska Permanent Fund Corporation (APFC), the $65 billion sovereign wealth fund, has promoted an official to chief investment officer.

GoldenTree prices three-year reset of US CLO
GoldenTree Asset Management has priced its fifth US CLO reset of the year, adding GoldenTree Loan Opportunities IX to its list of reworked CLOs

BlackRock names head of US CLO business, reports Reuters
BlackRock has appointed Owen Butler to lead its US CLO business, according to an internal memo seen by Reuters

Crayhill bolsters private credit team with managing director hire
Crayhill Capital Management has strengthened its asset-based private credit team with the appointment of a managing director in New York

The perception of liquidity is often not the same as the reality
Investec Asset Management's Jeff Boswell takes our credit quiz and discusses liquidity in Europe, the former "darling of the European debt market" Vivarte and the Matrix

Past returns: secret CLO market
Five years ago in Creditflux, we reported on the emergence of an inter-dealer market for CLOs

Kayne Anderson holds $3 billion final close for middle market credit fund
The Los Angeles-based manager closed its third middle market credit fund with with $3 billion investable capital including separately managed accounts and leverage

Och-Ziff revives 2012 CLO for a second time following reset
Och-Ziff has reset its 2012 vintage CLO, OZLM Funding II, for a second time, extending the reinvestment period until July 2023

Ares opts for low leverage as it prices $444.15 million CLO reissue
Ares Management has reissued its 2013 vintage deal, Ares XXVIII, producing one of the lowest levered CLOs of the year in the process

CLO round-up: reset triple As price apart on divergent portfolios
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum

Marble Point enters short-dated reset market with $554.93 million CLO
Marble Point Capital Management teamed up with Barclays yesterday to reset its 2015 deal, MP CLO VII

US manager sheds CLO vertical strip in secondary market
Sources say that a US CLO manager offloaded $65.13 million of CLO paper into the secondary market with the manager shedding vertical strips, held for US risk retention compliance, in two of its CLOs

Former CVC Credit CIO Hickey resurfaces at US direct lending firm
Steve Hickey has resurfaced at a US direct lending firm following his departure from CVC’s credit arm last year, Creditflux has learned

Apex revives 2012 CLO that has been out of reinvestment for three years
According to CLO-i data, JFIN 2012-1 had just $85.5 million principal liabilities outstanding before the reset

US CLO round-up: investors feast on over $3 billion of CLOs
One CLO manager has gone for a reissue as its main, another two have gone back for seconds of new issue -  and this all leads to the inevitable: an expanding middle 

BlackRock's co-head of US CLOs set to leave the firm
One of the most experienced names in the CLO investment market is leaving BlackRock