Monroe saves 18bp with first ever mid market CLO repricing
Monroe Capital has shaved just over 18 basis points off a 2018 middle market CLO named Monroe Capital MML CLO VII with a repricing

BlackRock prices first middle market CLO following Tennenbaum buyout
BlackRock has priced its first CLO backed by loans to middle market companies since acquiring private credit manager Tennenbaum Capital Partners in 2018

CLO and loan trading head moves to development finance job
Mediobanca's loan and CLO trading head has moved to CDC Group, a development finance business owned by the UK government

Wriedt buys minority stake in direct lender Scio and joins as strategic advisor
Oliver Wriedt, the former chief executive officer at DFG Investment Advisers, has bought a minority stake in European credit asset manager Scio Capital

Canadian direct lender takes on US mid market CLO
Toronto-based Mount Logan Capital is set to acquire portfolio management rights to a middle market CLO issued by Garrison Investment Group named Garrison MML CLO 2019-1. Pending investor approval, Mount Logan would become the first Canada-based firm to manage a US CLO

Owl Rock plans first lien loan-only mid market CLO
Owl Rock Capital Advisors is taking a new approach with plans for a middle market CLO formed exclusively of US first lien loans

MeDirect confirms corp credit step-back, as CLO team seeks spin-off
MeDirect has confirmed it will reduce corporate lending to focus on retail clients, following a question by Creditflux on the firm's plans to spin off its CLO-managing specialist credit team

Mid-market CLO issuance returns as Fortress prices $390 million deal
Fortress Investment Group has overcome mid-market CLO headwinds to become only the second manager to price a new issue deal since covid-19

Bridgepoint buys EQT's credit business - report
Bridgepoint is buying the credit business of EQT, according to the Financial Times

LP round-up: mighty Oaks win $1 billion apiece from Calpers
Credit investors allocated over $3 billion to 18 credit managers this week across a wide range of strategies

The opportunities to build par and spread within a CLO haven’t been this plentiful since 2009
Last year’s CLOs could become the benchmark for manager performance

Raymond James scores first arranging credit with Deerpath CLO
Deerpath Capital Management has priced its second CLO backed by loans to middle market companies as Raymond James scored its first CLO arranging credit as co-placement agent

Fortress digests CraftWorks bankruptcy
CraftWorks Holdings filed for Chapter 11 bankruptcy yesterday, with Fortress Investments holding all of the Tennessee restaurant operator's first lien debt - of which over half is in middle market CLOs. The New York-based firm has submitted a “stalking horse” bid to buy CraftWorks' assets

Apollo Global Management ends year with a bang
CLOs returned 8% while direct origination continues to be "rocket fuel", the company said

EQT undertakes strategic review of credit business
EQT has announced a review of its credit business with the firm appointing JP Morgan to evaluate its 'strategic options', according to the firm’s Q4 2019 report

Partners nears $100 billion in AUM as CLOs drive private debt growth
Swiss manager Partners Group has reached $94.1 billion in assets under management, with CLOs boosting the firm’s growth, according to its 2019 annual results  

Global mid market CLO league tables: Golub and Natixis lead by a distance
Golub Capital and Natixis dominated the mid market CLO space in 2019 in the manager and arranger league tables, respectively

Insurance companies could ramp exposure to CLOs and private credit in 2020
US-based insurers have roughly $7 trillion in assets and a small increase in allocations could have huge implications for the leveraged loan market, CLOs and private credit managers—a dynamic that could unfold in 2020

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

EIB confirms investment in European mid market CLO
The European Investment Bank has confirmed it invested €61 million in Alhambra SME Funding 2019-1 – the first European 2.0 CLO backed by middle market loans

Crescent swoops into mid market CLOs with 'reverse-sequential' ramp-up strategy
Crescent Capital Group is launching its debut CLO backed by middle market loans and has opted to use an unusual ramp-up tactic

SME CLOs arrive in Europe as Be-Spoke prices Spanish loan securitisation
Middle market CLOs have arrived in Europe after Be-Spoke Capital priced the continent’s first post-crisis SME loan securitisation

Churchill splits double Bs for first mid market CLO in two years
Churchill Asset Management has priced its first middle market CLO of the year in a transaction which underlines how lower-rated CLO debt tranches are increasingly being carved up into senior and junior pieces

Mid market CLO league tables: springing back into life after September drought
After a September hiatus, three managers returned to mid market CLOs in October to bring issuance back on track as monthly volume exceeded $1 billion for the sixth time this year

BlackRock’s first mid-market CLO to be managed by experienced team acquired from Tennenbaum in 2018
BlackRock is on track to become the latest manager to start issuing CLOs backed by loans to middle market companies.