US risk retention did wonders for CLOs
As managers circled the globe seeking to raise risk retention funds they sold CLOs to a whole new audience, says our newest columnist Eagle Point founder Thomas Majewski

They said it: BSL loans and mid-market loans are basically the same thing
A US CLO portfolio manager is heard putting himself forward for a direct lending fund management role..

Points up front: a few weeks' worth of dual compliance
Dual compliance is so 2017. And yet European CLO managers are pursuing US risk retention compliance. Perhaps memories of 2013 are resurfacing

Join the debate: most memorable moment in credit
At Creditflux we’ve now produced 200 monthly magazines since Fishknife first came up with the idea of tracking the global credit markets in 2001). We asked several key credit industry officials about their most memorable moment in credit

Staying afloat in credit takes care and character
In his final article, our columnist sheds light on his identity and has some 'nice' advice for those navigating credit’s changeable oceans

Past returns: Europe's own risk retention rewrite
Five years ago we reported that European CLO managers were hunting for partners to retain risk retention on their behalf. Shortly after, regulators performed a U-turn (nothing new here) and decided to prohibit third parties from acting as risk retainers

Join the debate: flippin' heck, you're distorting the CLO market
After our report on a CLO investor flipping 2018 bonds before the deals had even closed, one reader pointed out that this "masks true demand"

Points up front: the best way to source direct lending loans is to sit and wait
Spend a few minutes in the company of a direct lending manager and you’re sure to hear about the lengths to which funds go in order to source deals (one firm said that it operates a call centre in order to contact borrowers). Not so Pascal Meysson, managing director at Alcentra.

They said it: CLO managers are a generous sort
With US risk retention set to be repealed, one CLO equity investor is convinced that managers will readily return 'risk retention capital' to investors

Past returns: pension scheme gets stung after regulators rewrite CLO rules
Five years ago, we reported that US pension funds were boosting their allocation to euro-denominated credit. One institution in particular led the way by supporting the first European CLO to be issued since the global financial crisis

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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Past returns: Permira’s considered approach to CLO launches
This month 10 years ago, private equity firm Permira made its debut in the European CLO market

Join the debate: Highland v Josh Terry, round two
Highland and its former employee provide Creditflux with statements following an arbitration ruling

Points up front: pricing a CLO is easy, if you know who to talk to
Deals get done at Creditflux conferences. Sometimes even on stage

They said it: long faces on flow traders
Citi’s Jim Hughes tells the Creditflux CLO Investor Summit about how difficult life is for flow credit traders

Market is always wrong on effect of CLO rule changes
Risk retention has made little difference to the CLO industry. And it’s disappearance will similarly have little impact

Rating outlook: Strong demand for CLOs is leading to looser docs
Equity-friendly features are becoming more prevalent in US CLO docs

Join the debate
Par-Four prices a new CLO, providing a perfect opportunity for journalists and readers alike to go wild with golfing puns. 

Past returns
We look back to when CLO investors were morphing into CLO managers and when BlueCrest went on a hiring spree for its credit business

Points up front: goodbye structured credit; hello entrepreneurship
Good luck to former structured credit trader Lukasz Rzeczkowski, who has taken a leap out of the world of finance and into a medical venture.

Rating outlook: It's a matter of life and spread for CLO managers
Stabilisation of loan spreads and recovery rates spells good news for European CLO managers

Points up front: fallible regulators
“Regulators do not have a monopoly on good ideas,” admits the OCC