First Eagle buys US CLO manager THL Credit
Two years after establishing its credit business with the acquisition of NewStar Financial, First Eagle Investment Management is aiming big again after striking a deal to buy THL Credit Advisors

Flexible CLOs grow in popularity as two managers eye triple C-heavy deals
Two credit managers - Anchorage Capital Group and Gateway Credit Partners - are in the market with their inaugural CLOs featuring high allowance for triple C assets

Global CLO b-wic round-up: Junior mezz covers return while triple A supply drives big week
Narrowing of the bid-ask gap that has plagued junior mezzanine tranches could bring a change of fortunes in the US CLO secondary market 

Allianz GI names CEO and head of investments as Utermann steps down
Allianz Global Investors has named Tobias Pross as chief executive officer and Deborah Zurkow as global head of investments, following the resignation of Andreas Utermann

Fidelity issues first three-year CLO since June
Fidelity has brought a CLO with a three-year reinvestment period, the first new issue deal with this shorter duration to come to the US market since June

Global CLO b-wic round-up: volumes jump as investors get their triple A fix
The US CLO secondary market brought over $1.2 billion in total listings last week with the main driver behind last week’s supply being an increase in US CLO triple A bonds and an anchor equity position.

Voya prices short reset of its oldest active CLO from 2012
Voya Alternative Asset Management has brought back the three-year CLO reset, pricing the first of these short transactions since August

CLO pipeline: Capital time to debut in Europe as liability spreads drop
CLO managers are showing no signs of slowing down, as a further 16 US and five European new issue CLOs, including Capital Four's CLO management debut, appear in the pipeline

Global CLO b-wic round-up: control stake trades as junior notes come to the fore
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B.

For a while, it seemed like every private equity fund was launching a credit fund

CLO pipeline: newcomers look to impress at debutante ball
The pace of CLO issuance accelerates with each passing week, with debutantes lining up to join more prolific managers as Europe builds momentum and the US floodgates open 

Franklin Templeton reorganises long-short credit fund team
Asset manager Franklin Templeton Investments will make changes to the portfolio managers for the Franklin K2 Long Short Credit funds, effective from October

CLO pipeline: new kids in class look to excel on first assignments
The summer holiday is well and truly over with the European CLO market building on last week’s momentum as three new deals and one reset are to enter the primary market. 

West coast pension eyes European private credit for diversification
The $3.1 billion pension fund is looking to diversify its private credit exposure following an asset class education by investment consultant Meketa

Investcorp appoints co-head of US credit as mid-market acquisition closes
The new hire will join Jim Feeley, who was appointed as co-head earlier this year following the retirement of John Fraser

One day, two investors, three CLO controlling stakes in secondary
Two investors are inviting bids for anchor positions they hold in three CLOs.

CVC teams up with RBC for reset and upsize of 2012 CLO
CVC Credit Partners came to market yesterday with a short reset of its 2012 vintage deal Apidos XI

Pretium's D'Angelo to join Redding Ridge as he reunites with former Aladdin CLO PM
John D’Angelo has left Pretium Credit Management ahead of a move to the CLO management business established by Apollo Global Management in 2016, Redding Ridge Asset Management, according to Reuters

Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally

PennantPark raises $750 million for direct lending and opportunistic credit
PennantPark Investment Advisers has raised $750 million across four vehicles, according to an announcement

Ontario pension selects new president and CEO

Ontario Teachers’ Pension Plan has appointed Jo Taylor as its new president and chief executive officer, effective 1 January  

Former Apollo co-head of credit lands at MidOcean as credit CIO
MidOcean Credit Partners has hired Dana Carey as chief investment officer

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Symphony reworks 2012 vintage CLO via Barclays
Symphony Asset Management on Friday priced a $617.85 million reset of a CLO that it first brought to market in 2012

Apollo reworks 2012 CLO for second time
Apollo Global Management teamed up with Citi on Friday to rework a 2012 vintage CLO for a second time