BlackRock prices second short-dated reset with additional junior tranche
BlackRock has priced its second short-dated CLO reset in as many weeks, this time teaming up with Citi to arrange the deal

MidOcean prices short-dated reset of previously refinanced CLO
MidOcean Credit Partners priced its second CLO transaction of the month yesterday, resetting its debut deal from 2012

CVC appoints global head of performing credit as Bowers steps down in London
CVC Credit Partners is putting in place a new leadership structure, with partner and senior portfolio manager Jonathan Bowers set to step down from his role

Canadian firm holds high hopes for cannabis-focused infrastructure fund
Direct lending firm Bridging Finance hopes its new fund – which will be focused on private debt loans related to the cannabis sector – doesn't go up in smoke

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Morgan Stanley promotes New York-based CLO specialist to managing director
The head of US CLO syndication, who has recently taken on a bigger role at Morgan Stanley, has been promoted to MD

Goldman stymies pension funds’ fraud class action move in Abacus CDO case
A US Appeals Court in New York has ruled that a shareholder lawsuit accusing Goldman Sachs of fraud cannot proceed as a class action

PineBridge appoints high-ranking State Street official as its COO
Global asset manager PineBridge Investments has appointed of Michael Karpik as chief operating officer, according to a statement by the firm

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

Searchlight and LionTree join forces on TMT investments
Searchight + LionTree = LightTree, a new partnership which will invest across debt and equity in the TMT space

Investcorp brings long-short manager onto its hedge funds partnership platform
Alternative invesmtent manager Investcorp has announced its strategic partnership with Steamboat Capital Partners through its Hedge Funds Partnerships platform

Investors crystallise gains through liquidations
Refinancings and resets have dominated 2017, but CLO equity investors have found other ways to make strong returns

US CLO debt tranches trade at a premium in secondary market
CLO secondary market in 2018 opens with four positions trading at a premium

CLO manager looks to raise up to $2 billion to invest in CLOs globally
A US CLO manager is planning to invest in CLO tranches for the first time. It is understood that the firm is putting together a structured credit fund that will also have the ability to invest in index tranches

Boston manager launches direct lending fund
Private equity firm Summit Partners appears to have launched its third credit fund, believed to be a direct lending fund

Two US managers ride short-term CLO reset wave
Two US managers have priced short-dated CLO resets, joining the ranks of managers pricing short term CLO paper with low funding costs

East coast manager with niche focus raises $100 million for new credit fund
A New Jersey asset management firm with a focus on the “life-contingent” asset class has launched a new credit fund

Hedge fund with US and UK offices to shutter following poor performance
The New York-based firm, which invested in a range of strategies including long/short liquid credit, is shutting down and returning all capital to investors

CIFC resets 2012 CLO with triple As pricing at 80bp
CIFC made its 13th CLO transaction in the US CLO market this year yesterday, resetting CIFC Funding 2012-II, according to market sources

Fixed income inflows boost Legg Mason
Baltimore-headquartered Legg Mason has reported inflows of $7.9 billion for its fixed income business in the quarter ended 30 September, according to a recent earnings call

CSAM-managed CLO's junior notes trade at 104.53 in secondary market
A stake in the double B notes of CSAM's 2012 CLO traded at 14:00 yesterday after circulating on a B-WIC

Pimco fund edges closer to $5 billion hard cap with new pension fund injection
Pimco's special situations fund, already above $3 billion, has picked up fresh inflows from a Pennsylvania pension fund

Seasoned credit specialist swaps River Birch for Guggenheim Securities
Guggenheim Securities has poached Jim Seery from credit fund manager River Birch Capital

Apollo reworks 2012 CLO for third time in first of its kind deal
Apollo has become the first CLO manager to rework one of its deals for a third time, according to market sources. ALM V has now been refinanced, reset and refinanced all over again

Golub's mid-market deals dominate US CLO performance ranking
Mid-market CLOs dominate our rankings of the best performing US CLOs in August with three deals from Golub Capital Partners featuring in our top 10