We can’t hide it any longer, we’re tiering up
With the opening months of 2019 highlighting a clear class system among CLO managers, there has never been a better time to assess tiering. We find that timing, patience and luck all play a role

BlackRock to merge infra and real estate platforms as key figure departs
BlackRock is restructuring its infastructure and real estate platforms into a real assets division, sources say

We can't hide it any longer, we're tiering up

US CLO round-up: years fall off CLO market as it gets back to its old self
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper. 

Shorter-dated CLOs grow in popularity with BlackRock pricing three-year deal
Short CLOs gained in popularity yesterday with BlackRock joining the list of managers issuing deals with less than the standard five years of reinvestment

Keep calm and buy corporate loans
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

UK pension looks to take investment grade strategy global
UK pension fund National Employment Savings Trust (Nest) has issued a search for a global investment grade corporate bond manager

New York pension ups commitment to HarbourVest by $400 million
New York State Teachers' Retirement System has topped up commitments to Maple Fund, having already approved $600 million in 2017

Majority of investors seek to increase private credit allocations, BlackRock survey reveals
Over half of investors plan to increase their allocation to private credit in 2019, according to an institutional client rebalancing report published by BlackRock

BlackRock BDC seeks shareholder approval to fast-track leverage increase
BlackRock TCP Capital Corp has become the latest business development company to seek shareholders’ approval to double its use of leverage

BlackRock prices CLO refi at triple A tights and adds single B tranche
BlackRock has refinanced its 2016 CLO named Magnetite XVIII, pricing the triple-A class in line with recent tight-end benchmark deals and adding a single-B tranche

BlackRock adds $34 billion of assets with Citibanamex buyout
BlackRock has acquired the asset management business of Citibanamex, a Mexico-based banking firm and subsidiary of Citigroup

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

BlackRock names head of US CLO business, reports Reuters
BlackRock has appointed Owen Butler to lead its US CLO business, according to an internal memo seen by Reuters

Tetragon confirms appointment of former BlackRock US CLO co-head Snell
Scott Snell, former head of BlackRock's US CLO unit, has joined Tetragon 

Private credit specialist rejoins Ares in Los Angeles
Ares Capital Management has appointed managing director Michael Zugay to its private credit team in Los Angeles 

Benefit Street Partners taps Monroe and BlackRock for private debt origination hires
Benefit Street Partners has made two senior appointments to its private debt origination team

BlackRock prices CLO reissue at market-beating levels
BlackRock continues to issue CLOs at market-beating levels, yesterday reissuing a 2015 deal with triple As at Libor plus 112 basis points

CLO round-up: reset triple As price apart on divergent portfolios
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum

BlackRock prices US CLO triple As 4.9bp tight of market average
BlackRock has priced a reset of its 2015 CLO, Magnetite XII

BlackRock completes Tennenbaum acquisition
Global asset manager BlackRock has completed the previously announced acquisition of Tenenbaum Capital Partners

Experienced CLO investor tipped to join Tetragon
A high profile CLO investment specialist is set to join Tetragon in New York, according to market sources

BlackRock's co-head of US CLOs set to leave the firm
One of the most experienced names in the CLO investment market is leaving BlackRock

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal 

BlackRock prices its fifth CLO reset of 2018
BlackRock priced a $502.25 million reset of its 2016 CLO Magnetite XVII yesterday