LP round up: two managers terminated as 20 win $2.5 billion
US institutional investors allocated over $2.5 billion to 20 credit managers in October, according to documents seen by Creditflux. Two credit fund managers however were terminated in the month

Nerves of steel needed for CLOs as Phoenix Services files for chapter 11
CLOs hold $341.54 million of steel service provider Phoenix Services Topco which filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware yesterday

Antares brings in manager's loan and high yield head for BSL CLO expansion
Antares Capital is set to build a broadly syndicated loan CLO business, having hired an experienced CLO PM from a US asset manager 

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...

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

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

ICG breaks CLO market silence with first US deal of 2022
Intermediate Capital Group looks to have been the manager to restart new CLO issuance after this week's brief primary market pause, bringing its first US deal of the year

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

ICG hops into Easter with new CLO as European pipeline builds
The European CLO pipeline is slowly building 

BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi

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

Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG

Pennsylvania pension reveals $500 million in commitments to three private credit funds
Pennsylvania Public School Employees' Retirement has revealed three private credit commitments as part of $1.1 billion in allocations to its alternatives bucket

ICG resets and upsizes late 2020 CLO via Barclays
Intermediate Capital Group has reset its late 2020 CLO named ICG US CLO 2020-1, upsizing the deal by $5 million

ICG opens Dubai office with senior hire
The firm has hired a senior official from LGT to lead the expansion

CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

ICG resets European CLO for third time
Intermediate Capital Group has reset a 2013 European CLO transaction, having initially reset it in 2017, reissued in 2018 and reset the deal in 2018

ICG opts for new naming convention as it incorporates fat triple Bs
Intermediate Capital Group priced its fourth US CLO of the year on Wednesday, opting for a new naming convention by christening the deal ICG Rhinebeck CLO 2021-4

ICG prints 2019 Euro CLO refi with tight triple As
Intermediate Capital Group has become the latest manager to partially refinanced its 2019 vintage European CLO, St Paul’s CLO IX

ICG scores $406.5 million new US CLO
Intermediate Capital Group priced its third US CLO of the year on Wednesday, bringing its 2021 new issue volumes to $1.4 billion

TriMark court ruling encourages peace between lenders
Many CLO managers breathed a sigh of relief in August, with one source indicating a recent court case decision sent a “clear signal that the spate of lender-on-lender violence in the leveraged loan market will not remain unchecked”

Leverage goes both ways as ICG and CSAM upsize CLOs
Intermediate Capital Group and Credit Suisse Asset Management have each upsized a legacy CLO after resetting the deals via JP Morgan

ICG ditches St Paul's label as it prints first European CLO under new PM
The “St Paul’s” branding has been synonymous with European CLOs managed by Intermediate Capital Group for a decade, but the London-based manager has dropped the title on its latest new issue

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

Siaci €202 million loan to leave CLOs after merger as new debt guided in low 400s
Burrus has outlined price talk on an €850 million loan backing its acquisition and merger with Siaci, a popular CLO credit