Maples & Calder announce several CLO lawyer promotions
Maples & Calder has announced several promotions for CLO lawyers.- including three partners and one counsel 

Bain targets $500 million for CLO-focused vehicle
Bain Capital Credit is targeting $500 million for its CLO-focused vehicle, Bain Capital Credit CLO Management, according to sources familiar with the situation

Mediobanca hires experienced credit trader to build out loan franchise
Mediobanca has appointed an ex-Deutsche Bank senior credit trader as head of loan trading

Steep climb: dealers and investors cross-examine merits of five-year CSOs
The market for bespoke tranches of credit synthetic obligations (CSOs) looks set for further year-on-year growth, but this could depend on expanding activity to longer tenors

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures

Oaktree raises new special situations fund while CIO warns of direct lending risk
Oaktree Capital Management has released its second quarter 2018 results in which the Los Angeles-based firm reported $2.4 billion of new capital commitments in the quarter

BNP Paribas reorganises US credit business and appoints leveraged finance head
BNP Paribas has integrated its existing US primary and secondary credit units under a single new entity known as global credit markets Americas

Crestline Denali announces new structure following CEO departure
Crestline Denali has announced its new organisational structure, following the retirement of its chief executive officer David Killion

German asset manager launches CLO-focused Ucits fund
UniInstitutional Structured Credit, managed by Frankfurt-headquartered Union Investment, will invest in a portfolio of securitisations, with a strong focus on CLOs  

European loan portfolio manager parts ways with CQS
A European leveraged loan portfolio manager at London-based CQS  has left the firm, Creditflux has learned

Eagle Point eyes CLO BB tranches with new vehicle
CLO equity investor Eagle Point Credit Management has registered a new vehicle Eagle Point Income Company, which intends to focus on investing in CLO “BB” tranches

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

BDCs turn to CLO financing as effective alternative to bilateral leverage agreements
Business development companies now have the ability to take on an extra turn of leverage, but rating constraints mean they could end up using CLOs instead

Investors fight to stop assets being pulled into black holes
US loan investors are fighting back against terms which they believe are effectively turning supposedly senior secured loans into unsecured agreements

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Sound Point and American Beacon team up for credit interval fund
American Beacon Sound Point Enhanced Income Fund will invest in a variety of credit-related instruments - with at least 40% bank loans exposure

Tikehau poaches Commerzbank leveraged loan trader
Tikehau Capital has appointed a secondary loan trader in its London-based CLO and leveraged loan fund team

Pension fund set to vote on rescinding York credit commitment and cutting Tricadia
The investment committee at San Bernardino County Employees’ Retirement Association has recommended that the pension fund rescind its commitment to a structured credit fund managed by York Capital Management, and terminate its relationship with multi-strategy credit manager Tricadia Capital Management

Mariner eyes new series for CLO Opportunities Fund
Mariner Investment Group is raising for the its second series of its CLO Opportunities Fund, according to US regulatory filings

BlackRock poaches CLO tranche portfolio manager from London-based firm
BlackRock has hired a CLO investment specialist in London

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund

Kartesia hires Jefferies' former head of CLO trading in London
Kartesia, best known for investing in middle market companies in Europe, has brought in the former head of European CLO and CDO trading at Jefferies, Sharif Anbar-Colas

Sound Point CLO Fund sees inflows of $100 million over 12 months
Sound Point Capital Management's CLO fund has reached approximately $240 million