Oaktree promotes head of performing credit
Oaktree shuffles its C-suite, announcing major changes for 2024's first quarter. 

Oaktree closes life science fund with highest amount ever raised in the space
Oaktree Capital Management has raised more than $2.3 billion for its Life Sciences Lending Fund, the largest amount the firm has ever raised in the life sciences space.

Oaktree places senior triple As at 190bp in latest CLO
Oaktree Capital Management priced a new CLO on Friday and became the third firm last week to place its senior triple A tranche at 190 basis points over SOFR

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

Virginia pension discloses $800 million in credit allocations
Virginia Retirement System has disclosed $800 million in credit fund allocations made over the first quarter of this year

CLOs are our highest-conviction investment category, says Oaktree
Oaktree Capital Management has said that CLOs are the firm's 'highest-conviction investment category' in a credit market outlook study published on Thursday, despite the recent turbulence stemming from the collapse of Silicon Valley Bank

Oaktree targets $10 billion for LBO financing strategy
The launch of the firm's large-cap sponsor-backed private credit strategy follows banks retreating from the LBO space and a more compelling risk-adjusted return than other sectors in the market

Credit Rendezvous: Make yourself comfortable, there’s a storm coming
In our Q1 outlook, we speak to Edwin Wilches, PGIM (US CLOs), Mikkel Sckerl and Flemming Dose, Capital Four (European CLOs),  Jim Fitzpatrick, CQS (US loans), Loic Prevot, Polus (European loans), Madelaine Jones, Oaktree (global high yield), Art Penn, Pennant Park (US direct lending), Mattis Poetter, Arcmont (European direct lending), Keerthi Raghavan, Waterfall (structured credit), Ray Costa, Benefit Street (distressed), Grant Webster, Ninety One (Emerging markets), Oumar Diallo, Aeon (real assets) for their views for the upcoming quarter. 

Senior credit origination head joins Oaktree in London
Oaktree Capital Management has hired a managing director for sourcing and origination

US CLO pipeline: busy January sets the tone for the year
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down

Brookfield/Oaktree targets "larger" than $16 billion for next opportunistic credit fund
Brookfield Asset Management held a $2.8 billion first close on its third infrastructure debt fund and has started fundraising for its next vintage of our opportunistic credit flagship fund, alongside affiliate Oaktree, according to the firm's Q3 earnings call

Euro CLO league tables: Barings €20 million behind PGIM in overall issuance as Jefferies extends lead
The European CLO manager base reaches 41 as six new issues priced for a total of €1.9 billion

Double, double, but no toil and trouble as Neuberger and Oaktree deliver Euro CLO treats
The primary CLO market was revived yesterday after two managers brewed new European deals, taking new issue 2022 volumes to just over €22 billion

Oaktree rejigs cap stack and cuts reinvestment on upcoming European CLO
Jefferies is targeting next week to price Arbour CLO IX, with changes to the reinvestment period and a smaller overall deal. As expected, price talk has widened since September marketing 

CLOs at a glance (October 2022)
A listing of CLOs that have priced in the last month  

US CLO syndication returns after long layoff as triple As settle tighter
After months where CLO liability pricing lagged the loan market, September saw a reversal as a vibrant investor base helped CLOs outperform

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Oaktree targets next week for Euro CLO
Oaktree Capital Management plans to price a European CLO named Arbour CLO XI next week

Oaktree launches global high yield Ucits fund with low-carbon emissions focus
Oaktree has launched a global high yield responsible Ucits fund, which it says will offer investors the “opportunity to gain exposure to the asset class while promoting progress toward a low-carbon economy.”

LP round up: Magnetar and Värde among winners as $3 billion flows to credit
Institutional investors allocated at least $3 billion to credit funds in August

Oaktree prints new CLO with 235bp triple As at wides for five-year CLO
Oaktree Capital Management priced a new CLO on Wednesday with triple A notes yielding Sofr plus 235 basis points

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

European CLO managers wait for stability as loans slide
European loan prices have dipped into the high 80s, as Creditflux goes to press, which should create an attractive entry point for loan buyers. But, in reality, the bid for these assets has not been strong, particularly from CLOs amid fears loans could slump further still

Experienced CLO banker joins Oaktree as managing director
A well-known name in the US CLO market has joined Oaktree as head of CLO capital markets