Former ICG credit head Kershaw takes advisory role at distressed debt firm
Dagmar Kent Kershaw, the former head of Intermediate Capital Group's credit fund businessin Europe and Australia, has landed an advisory role at a $7 billion distressed debt manager

European CLO pioneer Wallace set to leave Maltese bank
A loan portfolio manager – who was behind a pioneering European 2.0 CLO – has left MeDirect Bank

European loan specialist leaves Partners Group
A European corporate loan specialist, who covered both CLOs and direct lending funds, has parted company with Partners Group, a spokesperson for the company confirms

Join the debate: is Christopher Nolan moonlighting for Creditflux?
A story last month on direct lender Prestige caused one reader to draw comparisons with a script from film director Christopher Nolan 

Points up front: zombie managers near extinction
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood.

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

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Golub mid-market CLO more than doubles in size to $750 million following reset
GreensLedge has reset a Golub Capital-managed middle-market CLO and along the way it has made substantial changes to the deal

Tikehau raises another €300 million through bond issue
Tikehau has considerable firepower to deploy into the credit market, obtaining €1.3 billion of financing in the last month.

Bain rebrands Dublin unit and applies for management license in Ireland
Dublin-based Broadhaven Credit Partners - launched as a JV between Bain and financier Dermot Desmond - will now operate as Bain Capital Credit

New direct lending fund and CLO launch drive surge in manager's AUM
A European fund manager has seen its assets under management surge in Q3, thanks in large part to its private debt business

CLO pioneer implements strategy for direct lending securitisation
European CLOs backed exclusively by middle-market credits are making a return after a decade in the wilderness

Los Angeles pension fund considers investing in CLOs
A large LA pension fund wants to boost returns from its fixed income portfolio and has set its sights on CLOs and private debt

Mid-market lender NewStar agrees to sell itself for more than $500 million
New York-based asset manager First Eagle Investment Management announced this morning that it plans to buy mid-market loan specialist NewStar Financial

THL eyes debut as mid-market CLOs boom
The number of active mid-market CLO managers is about to reach double digits with THL hiring Deutsche Bank to structure its first mid-market CLO 

Investors prefer direct lending to CLOs
For the first time in the history of Creditflux’s credit allocator survey, investors have voted direct lending the best investment in credit. CLOs came joint second. By Michelle D’souza

Direct lender opens warehouse ahead of unique European CLO launch
The union of direct lending and CLOs has moved a step closer in Europe, with a fund manager paving the way for the first direct lending securitisation of its kind

Golub becomes CLO manager with most mid-market issuance for 2017
Golub has priced its fourth middle-market CLO transaction of the year, teaming up with Wells Fargo to arrange a reset of a 2014-vintage deal

Mid-market CLO issuance crosses $10 billion as Madison prices reset
Madison Capital Funding priced a reset of a 2014 middle-market CLO this week, according to market sources

CVC Credit appoints chairman as credit CIO steps down
CVC Credit Partners has today announced that Stephen Hickey will be leaving the firm for personal reasons. Joining the firm will be former JP Morgan leveraged finance head Hamish Buckland

Cerberus's 2017 mid-market CLO issuance surpasses $1 billion
Cerberus Capital Management yesterday priced its third new issue middle-market CLO of the year

Institutional investors - does Europe still provide the best opportunities in credit?
Cash or synthetics, CLOs versus CMBS, senior or junior debt? Institutional investors have a variety of ways to approach credit investing and Creditflux's biannual survey of credit allocators aims to determine which market they view as offering compelling returns

Mid-market CLO round-up: spreads reach tightest levels of 2017
Golub, Madison Capital and MidCap price mid-market CLOs as triple A spreads keep drifting lower