PGIM Credit’s co-CIO says we are in the early stages of credit crowding
PODCAST: Two pools of capital – the franchising of the AI digital infrastructure buildout and government spending – are interest rate-insensitive and require a massive quantum of debt, says Gregory Peters, co-chief investment officer at PGIM Credit, on the latest episode of Credit Exchange with Lisa Lee

Bond realities and credit crowding
Global sovereign bond yields are going haywire. US Treasury Secretary Scott Bessent is furiously trying to bring down borrowing costs, and, as we go to press, the Treasury Department said it would increase its extraordinary bond buying up to USD 6bn

Chenavari sees investment staff departures as credit fund actively hires
Investment employee departures occurred in recent months; Nicolas Verle, Nicholas Yu, and Aidan Reynolds recently joined Chenavari

Hogan Lovells Cadwalader launches with eight CLO partners
EXCLUSIVE: The newly merged law firm now has the largest structured finance legal team in the world, with 40-45 partners globally in leveraged finance and fund finance

Nearwater hires Morgan Stanley’s key CLO leader
The speciality finance firm has nabbed a senior US investment banker to drive its risk retention and structured credit capital solutions

Don’t just sit there waiting
Credit markets are evolving and innovating. Not only are they dealing with transformative artificial intelligence technology, they are coming out with new products, investing in new ways and dealing with a changing regulatory backdrop

Seward & Kissel hires structured credit head as CLOs, private funds converge
Taha Khan joins from Milbank to build out a structured credit practice that will advise on CLOs as well as complex fund finance solutions like CFOs and rated note feeders

Two more lawyers leave Cadwalader for Orrick
Orrick has added another two former Cadwalader lawyers to its growing structured finance team in London

JPMorgan Commercial Bank taps new head of syndicated finance
The new head previously worked as head of Northeast and Canada regional leveraged finance in the global investment banking group

Creditflux showcases contributions, achievements and observations of outstanding leaders – Trailblazing Women
EXCLUSIVE: For International Women's Day, Creditflux speaks to Octagon's Lauren Law, PineBridge's Laila Kollmorgen and Ropes & Gray's Shona Ha

CLO lawyers lobby European regulators on investor due diligence proposals
London-based CLO legal teams are lobbying the European Commission on key proposals that might penalise investors

Cautious optimism builds for all but CCC credits – S&P
European growth is set to benefit from low rates and resilient labour markets, but certain sectors such as chemicals and auto still look weak

ECB hits out at proposed securitisation regulation overhaul
The European Central Bank released a paper criticizing parts of the European Commission's proposed changes to its securitization framework

Not shying away from credit risk is the right call – BlackRock’s Amanda Lynam
Corporates have showcased resilience in navigating policy shifts, according to Amanda Lynam, Head of Macro Credit Research within the Portfolio Management Group at BlackRock, on the latest edition of the ‘Credit Exchange’ podcast with Lisa Lee

Former Investcorp Credit CEO Jeremy Ghose joins The Chatterjee Group
Ghose told Creditflux that his role as President would be a strategic one that “looked to enhance the enterprise value” of the overall group, with the aim of boosting cash flow to develop the firm’s philanthropic operations

Sound Point hires former Alcentra president as CFO steps down
CFO Kevin Gerlitz is retiring from the role after 16 years

News in brief
US credit returns fail to reflect risk

Credit funds at a glance - January 2025
Fund performance, recent hires, recent fundraising

Oak Hill Advisors increases target cap to a billion dollars for new CLO equity fund
New York-based Oak Hill Advisors has raised USD 459m so far for its new CLO equity fund and increased the cap by USD 200m

CLO fundraising round-up - November 2024
CLO funds have had a stand-out year, and both fundraising and fund returns have soared, with managers out in the market with both third-party and captive CLO funds

Beach Point ramps up fundraise for captive CLO equity fund
Santa Monica, California-based Beach Point Capital Management is looking to raise a captive equity fund to support its CLO issuance

Pearl Diver raises USD 100m for first investment grade CLO fund
CLO equity specialist Pearl Diver has expanded up the stack with the launch of its first investment grade CLO fund 

Sycamore Tree raises more than USD 100m for CLO tranche strategy
Sycamore Tree Capital Partners has raised more than USD 170m across two separate debt funds, include USD 100.5m for CLO debt

Apollo affiliate prices first triple-A rated aviation ABS since 9/11
Apollo-affiliate PK AirFinance has closed the market’s first AAA-rated aviation ABS public issuance since the Great Financial Crisis

CLO veteran departs Bain
Bain Capital has lost a managing director and CLO portfolio manager