CLO manager raises new captive equity fund
The New York-based alternative asset manager raised a new CLO equity fund with a first close of USD 136m

New digital asset lender launches
Ex credit trader among team looking to bring structure to crypto market

Credit funds at a glance (September 2023)
A round-up of people moves and fund raising  

Credit hedge fund returns (September 2023)
Credit hedge fund returns  

CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July.

Ares second Pathfinder credit fund nears $5 billion target
Ares raised an additional $1.8 billion in 2Q23 for asset-backed fund

West coast manager adds new global co-head to securitized group
Peter Van Gelderen will take up the role of global co-head of the securitized group in Los Angeles in October

MUFG loses global head of structured products as departures continue
Another senior official has exited MUFG's structured products team, following Asif Khan's departure in June 

CLO structurer trades Mizuho for tech and energy services provider
A member of Mizuho's CLO structuring team moves to solar technology and energy services provider SunPower

Job opportunity with Allstate: structured credit analyst
Allstate Investment Management has released details of a structured credit analyst job opportunity

Angelo Gordon strengthens structured credit team
Angelo Gordon announced a mix of internal promotions and new hires for its structured credit team yesterday.

Obra completes acquisition of KDP assets following bankruptcy filing
Obra Capital has acquired the assets of KDP Investment Advisors following the latter firm's chapter 11 bankruptcy filing in May of this year

Secondary CLO prices continued to rise across June
US BWIC secondary prices continued to rise in June, according to a report by KopenTech. 

Panagram launches its second CLO ETF of the year
Panagram Structured Asset Management has launched its second CLO exchange traded fund of 2023, naming the fund Panagram AAA CLO ETF

Illiquid assets are increasingly hot in the private markets according to Aeon survey
Illiquid assets may offer protection against macro uncertainty, according to findings from a new survey.

Asset management firm creates new credit platform
Insurance and asset management firm Nassau launches new credit platform with more than $8 billion in assets under management. 

Blackstone hires sell-side CLO trading head
Blackstone Credit is beefing up its team with a new hire to the liquid credit strategies group. 

Golub rearranges direct lending leadership team

Golub Capital promoted several members of its direct lending leadership team as the firm continues to grow.

Fund performance
Good month for CLO funds sees six in top 10 as Axiom sets pace

Credit hedge funds
Credit hedge funds performance data

Credit funds at a glance
Fund performance, fund raising and LP commitments

Sound Point becomes 5th largest CLO manager as Assured deal completes
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world.

Blackstone rethinks captive equity strategy
Blackstone has announced proposals to wind down its existing risk retention vehicle, Blackstone Loan Financing Limited (BGLF).

Private credit firm launches new platform for structured financing
Private credit manager Victory Park Capital has launched Triumph Capital Markets, a new platform that focuses on structured financing and capital markets

Union Bancaire Privée adds new strategy to fixed income plans
Union Bancaire Privée has expanded its fixed income offering with a new high-income strategy investing in high-yield bonds, subordinate corporate and financial debt and securitized credit, such as CLOs