Antares looks to support underrepresented groups with $1 million entrepreneur programme
Antares is granting $1 million of its own capital to entrepreneurs who are part of diverse and historically underrepresented groups

Mid market CLO league tables: Familiar feeling as Golub and Natixis lead after tumultuous month
Only $1.15 billion of mid market CLO issuance was priced in May, for the quietest month in the space since January

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

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Franklin Templeton buys Alcentra in $700 million deal
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

Fidelity International makes senior direct lending hires in private credit push
Fidelity International has been staffing up in European direct lending, with 12 additions to the private credit team that was established a year ago

SEC extends comment period for private funds disclosure regulation
Following letters from several institutions including the LSTA, the SEC has extended the comment period on its proposed “Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews” rule

NatWest keeps up momentum in US mid-market CLOs with role on MidCap new issue
NatWest Markets has scored another US CLO new issue arranging credit after teaming with Natixis and Apollo Global on Apollo-affiliate MidCap Financial's latest middle market transaction

Mid market CLO league tables: Arranger base grows as bumper day boosts issuance
Managers priced $3.4 billion of mid market CLO paper priced last month, the second busiest month of the year behind February and the third straight month new issues and resets made up 100% of issuance

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

Dispersion begets dispersion in mixed bag of fund returns
Idiosyncratic risks are set to rise in credit, with fund managers becoming occupied with tail risks, and that has been seen in a scattered set of March hedge fund returns

Z Capital makes three senior leveraged credit hires including CLO specialists
Z Capital Credit has hired three directors to its investment team

Mid market CLO sales explode with BlackRock, Churchill and Monroe printing deals
Middle market CLO sales flared on Friday, with managers pricing three deals worth a combined $1.2 billion

Antares upsizes billion-dollar CLO in third-largest primary transaction of 2022
Antares Capital reset its 2018-2 CLO via Deutsche Bank on Thursday, in the third-largest primary market transaction of the year at $1.06 billion

Deerpath senior CLO tranche reaches 195bp to shed light on mid-market pricing
Deerpath Capital Management has revealed mid-market CLO pricing levels in the primary market after disclosing discount margins on its new issue, which priced on Monday 

AB upsizes 2019 mid market CLO by $48 million with reset
AB has reset its 2019 middle market CLO named ABPCI Direct Lending Fund CLO VI, upsizing the deal by $47.4 million including $7.72 million new equity

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

StepStone sets out new path with Mexican securitisation
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow.

GoldenTree sprouts up in North Carolina
GoldenTree Asset Management has opened a new office in Charlotte

Trade finance specialist sentenced to 12 years in prison for CLO and fund fraud
David Hu, the former chief investment officer of International Investment Group, has been sentenced to 12 years in prison for his role in running a “Ponzi-like scheme”, which included using a CLO to create fraudulent loans.  

Mid market CLO league tables: $1.1 billion Golub deal shuffles the pack
Mid market CLO issuance slowed last month amid market volatility with just one new issue and two resets pricing in March, worth a combined $1.9 billion

Cerberus shows CLO price movement with first new mid market deal of 2022
Cerberus Loan Management on Friday priced its first new middle market CLO of the year

Golub mid-market CLO upsizes to over $1 billion after reset
SMBC Nikko has reset a middle market CLO for Golub Capital Partners, taking the deal size up beyond $1 billion in the process, sources say