Eyre Street Capital targets USD 800m for sustainable private credit
The firm is launching its second “sustainable” private credit fund, which will find complex private credit opportunities that will help businesses build environmental resilience

US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

Fitch expands ESG scores to America
Sustainable Fitch announced the US expansion of its ESG scores for leveraged finance today, designed to enable investors to compare metrics across CLO portfolios

ELFA starts drive for consistent climate reporting in CLOs
The European Leveraged Finance Association (ELFA) has published a new report on CLO carbon and climate disclosures

Allspring doubles down on funds promoting reduced carbon emissions
Allspring Global Investments has expanded its portfolio of climate transition funds with the launch of its third climate transition fixed income fund

Blackstone closes energy transition fund at over $7.1 billion
Blackstone builds on sustainable credit platform with the final close of a new $7.1 billion green fund 

Asset manager launches credit fund focused on sustainable initiatives
Sustainably-focused asset manager Power Sustainable has launched credit fund with plans to invest in energy, transportation, social and digital and other sustainable infrastructures

Infrastructure investor brings in senior team to launch new sustainable credit platform
Energy Capital Partners (ECP) has announced that a new team will merge into ECP’s dedicated credit investing business and launch a sustainable credit platform named ECP ForeStar

Allspring launches new climate transition fixed income fund
Allspring Global Investments has announced the launch of its second climate transition fixed income fund, called the Allspring Climate Transition Global High Yield Fund

"A bit ‘woke’? Possibly. But true corporate sustainability derives from sound governance"
Silicon Valley Bank’s collapse underlines the importance of sound governance

They said it: "I don’t know and I don’t care about ESG"
One of our CLO Census responders has a strong view (or not) on ESG

Carlyle launches decarbonisation-linked financing initiative
Carlyle Group says its credit division has launched a decarbonisation-linked financing programme, having closed the first two loans under this initiative

Green negative basis trades open up after GM issues bonds
There is an attractive entry point for ESG-minded credit investors to put on green negative basis trades, according to a research paper by Anthropocene    

Impact investor earns $146 million from US body for second CLO
An impact investment firm owned by M&G is poised to launch its second CLO, according to filings seen by Creditflux

FinDox steps in on climate disclosure reporting for CLOs
FinDox has become involved in reporting on carbon data for ­climate-related financial disclosure regulations, having been mandated by leading CLO managers to source relevant ESG key performance indicators

HSBC AM's responsible investing head resigns with view to creating "new asset class"
HSBC Asset Management’s global head of responsible investing has resigned after been suspended by the firm. This followed him delivering a conference speech in May in which he downplayed the impact of climate change on financial markets

ESG investors bemoan corporate greenwashing
US CLO market participants have complained of loan issuer ‘greenwashing’ that aims to circumvent environment, social and governance portfolio restrictions

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

"ESG should not be viewed as a set of principles being imposed on investors — it’s a natural evolution"
It’s not easy for fund managers to assess the most green option  

Managers debate ethics of investments in arms makers

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

ESG template fires up hopes of CSO issuance
2021 may not have been a year of big volume in the synthetic bespoke market, but primary business is back, and decisive inroads into environmental, social and governance (ESG)-focused issuance bode well for 2022

Brace yourselves for increasing ESG basis in credit
One of the safest bets in credit for 2022 is that ESG focus will intensify, with market participants anticipating a surge of green bond issuance as well as widening spread dispersion between climate leaders and underperformers

CLO managers join forces as they line up behind SFDR
A plethora of European CLO managers have teamed up with regulatory reporting provider FinDox to form a working group focused on Sustainable Financial Disclosure Regulation (SFDR), sources tell Creditflux.