Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

Aviation debt funds achieve lift-off as airlines look to replenish fleets
Funds and financing solutions geared towards aviation debt have been taking off in recent weeks.

Fishknife classified advertising
Classified ads

KKR promotes recent hire to its European credit business
KKR has revealed a list of promotions across its private credit strategies. They include the promotion of Matthieu Boulanger – who joined KKR only mere three months ago – to partner

Natixis rebrands its asset management arm
Natixis has changed the name of its asset management to "better highlight its multi-affiliate business model"

US CLO debutant to make spectacular move into European CLOs
A fund manager that priced its first US CLO just months ago has started working on its debut European CLO

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle

White & Case promotes three credit lawyers to partners in US and Europe
White & Case has announced the promotion of three lawyers with credit expertise to its partnership in offices across the US and Europe

Computer hardware: manufacturers search for reboot button
Hardware firms are struggling for growth. It’s a problem that turning off and on again won’t fix. By Euan Hagger

Transport and logistics: heavy debt leaves transporters in jam
With logistic specialists getting a rough ride, debt restructuring could be the next stop for asset-light companies

Spotlight: Local exchange carriers - calling for rescue on the M&A hotline
Growth-starved US phone companies are seeing consolidation as the best way to improve performance

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

Investcorp prices refi of 2014 European CLO
Since taking over the former 3i Debt Management platform, Investcorp has been an active issuer of CLOs

CLO round-up: refis and resets dominate as pipeline builds
CLO volumes this week have hit $1.9 billion globally, but this has been centred on refis and resets. The new issue CLO pipeline is building however with Ares, Canyon and LCM close to new US CLOs

CLO round-up: US CLO triple As hit 121bp amid late flurry of deals
What had started off as a quiet week in the new issue CLO market has ended with a bang as MJX Asset Management refinanced a deal on Thursday while American Money Management (reset) and CVC Credit Partners (new US CLO) have priced today

Spotlight: Data centres - clear skies ahead for cloud providers
Demand for data centres is strong and there is no sign so far that the market is overheating

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs