TCW adds to 2023-vintage reset rush
The manager's first CLO issue in three months saw it reprice its first 2023 transaction

News in brief
US credit returns fail to reflect risk

Volatility could cause credit markets to break this year – TCW’s Bryan Whalen
PODCAST: Investors aren’t being paid enough of a premium for the risks in US corporate credit, TCW’s chief investment officer of fixed income told Creditflux’s Lisa Lee on the latest ‘Credit Exchange’ podcast  

‘We tend to stick with tier-one managers’

TCW reset of 2022-vintage CLO includes small equity infusion
The USD 377.5m reset from the Los Angeles-based manager added USD 5.5m in equity  

Run in to holidays sees brace of US CLO refis price
Bain, TCW, Palmer Square and ArrowMark has priced refis totalling over USD 1.75bn  

TCW resets 2021 BSL CLO
TCW Asset Management last week reset a US BSL deal called TCW CLO 2021-1, with Goldman Sachs acting as the arranger

TCW unveils new CLO ETF as it expands its offerings for investors
TCW has joined the increasingly crowded lineup of CLO AAA ETFs with the launch of ACLO, one of a range of new fixed income ETFs from the West Coast-based manager 

TCW prints third new US BSL CLO of 2024
TCW Asset Management continued its long-standing partnership with Jefferies to price its third new US BSL CLO this year

It’s 135 bps again as TCW resets 2018 vintage CLO
The latest US BSL CLO reset from TCW and Jefferies hit the 135bps triple A benchmark

TCW prices second new issue US BSL CLO of 2024
US west coast manager TCW Asset Management returned to the market on Friday for its second CLO of the year 

Major banks embrace private credit partnerships as they target non‑traditional lending
PNC Financial Services Group and TCW Group are the latest to team up to launch a private credit platform, as non-traditional bank lending continues to attract established banks.

TCW mixes it up with 11 different debt tranches in latest deal
Los Angeles-based TCW has joined the rush of managers pricing new US CLOs as January draws to a close, printing a USD 406.3m deal last week via Jefferies.

West coast manager adds new global co-head to securitized group
Peter Van Gelderen will take up the role of global co-head of the securitized group in Los Angeles in October

TCW prints first new CLO since signing strategic partnership with Lakemore
TCW Group has priced its first new CLO since entering into a strategic partnership with Lakemore Partners to support CLO issuance back in April

TCW strikes CLO equity deal with Lakemore
TCW Group has entered a strategic partnership with Lakemore Partners to support future CLO issuance

LP round up: securitised credit mandate terminated amid $5 billion allocations and expanding relationships
Institutional investors revealed nearly $5 billion of allocations to 31 credit managers across January and February board meetings, according to materials seen by Creditflux. However, there were also two fixed income manager terminations, and one multi-strategy account placed on a watchlist

TCW issues new CLO from its Jefferies strategic partnership
TCW Group has priced its fifth CLO under its strategic partnership with Jefferies

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

Schroders beats five to win structured credit mandate as pension terminates Franklin Templeton
Schroders has beat out five other credit managers to win up to $108 million for a securitised credit mandate from a US pension. It comes after investment consultant RVK recommended to terminate the pension’s investment in Franklin Templeton due to “underwhelming performance and decreasing assets”

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

TCW hits agreement target with sequence of Jefferies-arranged CLOs
TCW Group has priced the fourth new CLO resulting from its strategic partnership with Jefferies, which was arranger on the deal 

TCW refinances 2019 CLO at $370 million
TCW teamed up with Jefferies on Friday to refinance its CLO named TCW 2019-2

NYL and TCW each refinance legacy CLOs
New York Life Investment Management and TCW Group each refinanced a CLO on Thursday, with the two deals together worth almost $700 million

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021