Alcentra scores tightest 1.5-year US CLO spread after 2016 deal refinancing
Alcentra has refinanced a single tranche of its 2016 CLO named Shackleton 2016-IX

US CLO round-up: something old, something new, GSAM returns with newcomers too
GSAM is back pricing CLOs after 12 years away, while relative newcomers make swifter re-entries in the CLO market 

Alcentra prices first new issue US CLO for 12 months in short-dated deal
Alcentra has priced its first new issue US CLO in 12 months, teaming up with Citi to issue Shackleton 2019-XIV

Los Angeles pension fund narrows down global direct lending search to four managers
Los Angeles City Employees Retirement System (Lacers) has listed the finalists for a private credit mandate, according to an agenda document seen by Creditflux.  

New kids on the block dominate awards

Spire wins Creditflux Manager of the Year award
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II

Prospect's $500 million CLO fund merges with Stira Alcentra global credit fund
Prospect Capital Management’s $500 million closed-end CLO fund has officially merged with a global credit fund managed by Alcentra and Stira

Alcentra BDC explores 'strategic alternative' plans to add value
Alcentra has appointed financial advisor Houlihan Lokey to evaluate 'strategic alternatives' for its business development company 

Points Up Front: The best opportunities are way, way over there
Competition was a big theme at last month’s Creditflux European Direct Lending conference. The market has evolved to the point where new entrants are on the fundraising trail, which could lead to a compression in any illiquidity premium prevalent in direct lending loans

Credit funds at a glance

A round-up of fundraising and people moves in credit

Alcentra BDC assigns new CEO
Business development company Alcentra Capital Corporation has named a new chief executive officer, saying "this is the right time for these transitions"

Alcentra's co-head of US direct lending switches focus to Europe - Debtwire report
Alcentra has appointed Peter Glaser as co-head of European direct lending, according to Creditflux’s sister publication Debtwire

Activist nominates directors to Alcentra BDC's board amid "shareholder value" dispute
Activist group Stilwell is seeking board representation for the $248.6 million BDC, as Alcentra "fails to maximise shareholder value"

The financial crisis was the making of 'em
Some of the largest and best performing CLO managers before the crisis were fairly nimble by today's standards - but these 1.0 outperformers are now among the biggest names in the industry. 

Alcentra forms $1 billion strategic partnership with SME loans specialist Funding Circle
Fixed income specialist Alcentra has bolstered its US direct lending capabilities and formed a strategic partnership with Funding Circle

US CLO league tables: CSAM aces it to take top spot in new issue reshuffle
Carlyle Group now leads the CLO market on two fronts with the firm moving into top spot in the 2018 US CLO rankings, adding to its position as a market leader in Europe

Alcentra goes for three years of reinvestment in 2014 CLO reissue
Alcentra has reissued a 2014 vintage CLO with discounted triple A notes

Alcentra appoints Rajguru as global chief investment officer as Hatfield retires
Alcentra has appointed Vijay Rajguru as global chief investment officer effective 2 July 2018, a spokesperson for the company has confirmed to Creditflux, following Paul Hatfield's decision to retire from the firm at the end of the year

Alcentra hires co-heads of US direct lending
Alcentra has moved into the US direct lending space - and has appointed Suhail Shaikh and Peter Glaser as managing directors and co-heads of its US direct lending business

Alcentra prices its first new issue CLO of the year in the US
Alcentra priced its first new issue US CLO of the year on Friday named Shackleton 2018-XII

CLO b-wic line-up: soon to be static Euro triple As go up for sale
Fresh off the UK bank holiday yesterday, there is one CLO aution scheduled today for CLO investors interested in European triple A-rated tranches

US CLO round-up: spread widening hits CBOs (as well as CLOs)
Anchorage has priced two bond-heavy securitisations this year and financing costs are clearly increasing

Alcentra reissues 2014 US CLO in $602 million deal
Alcentra has reissued another of its US CLOs with Shackleton 2014-V being given a new lease of life after Credit Suisse yesterday priced a reissue of the deal

Alcentra holds $513 million close for CLO-focused fund
Alcentra has held a final close on its third structured credit opportunity fund with $513 million capital commitments - which has the ability to invest in US and European CLO equity, mezzanine tranches and warehouse capital