Fund performance: European CLO funds lead the way
February was a positive month for many funds, as only one quarter failed to reach the black. This builds off a stellar start to the year: 96% of funds reached a positive return in January

Senior global CLO trader leaves JP Morgan after 20 years
A senior global CLO trader has parted ways with the bank after two decades

Pressure starting to mount as CLO warehouses turn stale
In the US CLO market, deals have been marinating for a long time. That’s to say CLO warehouses – the traditional appetiser before a CLO is served – have been at the prep stage far longer than managers would have originally expected.

JPY CLO repacks re-emerge as manager plans new US CLO
Moody's has assigned a provisional rating for a JPY CLO repack, the first it has rated since August 2018

Pimco promotes global lev fin and CLO head to managing director
Pimco's leveraged finance head is one of five senior officials promoted to managing director

Managing director leaves US CLO trading role at Goldman Sachs
An experienced US CLO trader has parted ways with Goldman Sachs in New York, according to market sources.

Senior CLO officials leave Credit Suisse ahead of move to Canadian bank
Credit Suisse’s CLO operations have been hit with two senior figures leaving the bank

Experienced CLO investor set to leave Tetragon
A well-known CLO tranche investor is set to leave Tetragon Credit Partners.

Starting Clover: Blackstone completes AIG CLO acquisition with rebrand
Covenant CLO Advisors, the investment manager of AIG’s CLOs, has rebranded to Clover CLO Advisors and is now a Blackstone affiliate

Barrow Hanley and Whitebox think alike to launch US CLOs
Two US CLO managers pricing deals within 24 hours of each other is far from uncommon. But when Whitebox Advisors priced its comeback CLO last week on Thursday it could hardly have fathomed that a sibling CLO from Barrow Hanley would price just hours later

Ivy Hill climbs back into CLO market after Natixis plants mid-market deal
Ivy Hill Asset Management is back with its first middle-market US CLO in two years 

Carlyle appoint former Goldman executive as CEO
Carlyle Group have appointed former Goldman Sachs Co-President and CO-Chief Operating Officer Harvey Schwartz as Chief Executive Officer and a member of the board, the firm has announced.

Blackstone buys $3.6 billion US CLO manager
An affiliate of Blackstone has entered into a purchase and sale agreement to buy a CLO management business 

Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion

Parallel CLO tranche sinks deeper into triple C
Parallel 2015-1’s junior-most debt tranche was downgraded to Caa3 late last year by Moody’s

Brightwood prices sole CLO reset in second half of 2022
Brightwood Capital Advisors reset its 2020 middle market CLO named Brightwood MM CLO 2020-1 on 21 December, in the process completing the only CLO reset in the second half of 2022

Are we ready for another crisis?
Credit managers must brace themselves for stress in 2023, as rates rise and the number of poor performing assets increases. But most CLOs look well-placed and can rely on plump OC cushions 

Not every CLO can be a winner
The CLO industry has undeniably performed well enough to justify the plaudits it receives. But there will always be some unloved CLO tranches that slip into triple C territory

Bain holds final close on $650 million fund to buy own CLO equity globally
Bain Capital Credit has closed its second captive equity fund with $650 million commitments, thought to be among the largest manager-controlled CLO equity funds raised

Investcorp to buy Marble Point as it rejuvenates US CLO business
Investcorp has agreed to acquire US CLO manager Marble Point Credit Management

Plenty more US CLOs in the CCC as buckets pass 5%, finds S&P
US CLO triple C baskets have nudged to 5.02% in November from 4.4% the prior month

Medalist and Semper form partnership to jointly invest in structured credit
Medalist Partners and Semper Capital Management have joined forces in a partnership which results in the pair co-investing in structured credit.

Flat Rock eyes double Bs for CLO interval fund launch
Flat Rock Global is expanding its CLO fund roster and eyeing double B-rated tranches of US middle market CLOs as part of a new interval fund, according to market sources.

Sculptor CEO Levin refutes "personal issue" accusation by ex-chief Och
Sculptor Capital Management’s independent board and the company’s chief executive officer and chief investment officer Jimmy Levin have fired back at former CEO and founder Daniel Och after he cited a “personal issue” in reference to Levin’s past