BlackRock adds to Euro CLO deal size with reset
BlackRock has reset a 2017 vintage CLO, increasing the deal size slightly and offering a higher return on the lower part of the capital structure

BlackRock issues mid market CLO after refinancing warehouse line with Morgan Stanley
BlackRock has priced an unusual middle market CLO that refinances a warehouse line Morgan Stanley provided 

BlackRock holds $940 million first close on global private debt fund designed for UK pensions
BlackRock has collected $940 million on a first close of its new private debt fund BlackRock Diversified Private Debt Fund 

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

ESG factors show up in leveraged loan pricing in US
Environmental, social, and corporate governance factors are filtering through to the US CLO market and influencing loan prices

Credit fundraising: three massive European direct lending funds notch up €17.6 bn
Fundraising figures continued upwards in April as just over $24 billion was raised for credit funds, alongside $3.2 worth of allocations to credit managers. Nine funds held final closes including the largest European direct lending fund raised to date

BlackRock wins €400 million ESG private debt mandate
BlackRock has won a mandate to manage an ESG focused European private debt fund from a Munich-based firm

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

BlackRock fills opening on European CLO management team
BlackRock has filled a gap ithat opened up on its European CLO portfolio management team in January  

Aegon and BlackRock join group of single B CLO issuers with resets
Aegon USA Investment Management and BlackRock each priced a CLO reset on Tuesday that included a single B-rated tranche

BlackRock shaves top but widens rest of stack with Euro CLO reset
BlackRock has reset a 2016 vintage CLO, pricing the triple A tranche inside the average for new issue European deals but widening lower rated tranches from where they refinanced in 2019

BlackRock drags CLO spreads tighter with latest reset
BlackRock teamed up with Citi on Thursday to print a $499 million reset of its 2019 vintage CLO named Magnetite XXI - and dragged the CLO market tighter in the process

Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals

European CLO spreads set to tighten as BlackRock markets refi
BlackRock is looking to partially refinance the senior-most tranches of a 2018 CLO

BlackRock scores biggest mid market CLO since 2018
BlackRock has teamed up with Barclays to print a second CLO backed by loans to middle market companies following its buyout of Tennenbaum Capital Partners in 2018

BlackRock brings three-year US CLO triple As inside 100bp
BlackRock has priced a three-year reinvestment CLO via Morgan Stanley with the triple As yielding just 99 basis points over Libor

CVC brings in BlackRock and Park Square private credit pair as partners
CVC has made two senior appointments to its private credit team, including a co-head of private credit

Europe leads corporate credit rally, but US outperforms in CLOs
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year

Double B spreads shrink to just 635bp as BlackRock prints tightest CLO yet
BlackRock has once again priced the tightest three-year reinvestment CLO post-covid, repeating a feat it last acheived back in September

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

WTW to tackle lack of diversity across investment industry
Progress on diversity across the investment industry is “disappointingly slow”, according to research from Willis Towers Watson

Points up front: (Direct) lending a helping hand in an emergency
Global lockdowns this year may have forced us to confine ourselves to our homes, but for BlackRock’s co-head of US direct lending they opened a window of opportunity

BlackRock prices first middle market CLO following Tennenbaum buyout
BlackRock has priced its first CLO backed by loans to middle market companies since acquiring private credit manager Tennenbaum Capital Partners in 2018

BlackRock co-head of direct lending set to depart
The co-head of direct lending at BlackRock and Tennenbaum Capital Partner’s special situations unit is set to leave the firm by the end of the year

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs