Euro CLO newcomer Albacore strikes inside 100bp with triple As
AlbaCore Capital has brought its third European CLO to market, pricing triple As inside the 100bp price band

Putnam confirms CLO ambitions after raiding First Eagle
Putnam Investments has confirmed its plan to jump back into CLO management after 17 years away with the company announcing the appointment of a team from First Eagle Investment Management, led by portfolio manager Scott D'Orsi. Creditflux first reported on this move in February  

Eldridge spins out structured credit investment team into new firm
Eldridge Industries’ $13.5 billion structured credit investment team is spinning out into a new firm named Panagram Structured Asset Management

Two senior CQS officials launch European distressed debt firm
Two senior CQS officials have launched their own boutique distressed debt firm, named Broadstone Credit Partners

Ex-Highland officials launch Dallas credit management firm
Former officials at Highland Capital Management - Mark Okada, Jack Yang and Trey Parker - have launched a new credit investment firm in Dallas named Sycamore Tree Capital Partners, with plans to invest in and issue CLOs as part of a focus on traded credit, structured products and special situations

Robots rise for credit ratings
A fintech platform is launching this month that aims to use artificial intelligence to democratise credit ratings.

GSO co-founder Bennett launches minority GP-stake business
GSO Capital Partners co-founder Bennett Goodman (the “G” in GSO) has teamed with Mike Arpey, Avshalom Kalichstein and Rex Chung to launch a new GP stakes investing business

Former Ares partners put ESG and tech at centre of new CLO business
Three former Ares Management partners have established a CLO business with plans to launch a first US CLO early next year

Former GoldenTree high-flyers launch structured credit firm in Los Angeles
A former GoldenTree senior portfolio manager and business development specialist have launched an asset manager that will invest across an array of structured credit, including CLOs, synthetics and private transactions

Ex-Fortress official launches $1.5 billion litigation finance firm with Tetragon backing
The new business is backed by Tetragon’s TFG Asset Management, which will receive a minority equity interest, while Fortress has entered into co-investment agreements with the newly launched firm 

Ex Apollo veteran launches mid market firm with $350 million seed capital
A credit veteran, perhaps best known for co-founding Apollo's CLO platforn, has set up a new middle market credit firm named FrontWell Capital Partners. The Toronto-headquartered firm starts operations with seed capital of $350 million

LibreMax's former corporate credit head sets up distressed debt firm
The former head of orporate credit at LibreMax Capital is preparing to launch a new distressed debt firm after securing an anchor investment

Former JP Morgan credit correlation head launches $200 million fund
The former head of credit correlation trading at JP Morgan has launched a global credit fund management business with $200 million of assets, according to market sources

ELF Capital completes spin out of ESO’s German direct lending platform
ESO Capital’s Frankfurt-based direct lending team has spun out under the banner of ELF Capital

Managers raise billions to take advantage of talf opportunities
Aegon, Payden & Rygel, Invesco, Morgan Stanley IM, Voya and Palmer Square are just some of the latest managers to have raised funds dedicated to the strategy 

Former Fiera private debt MDs launch direct lending firm
Three former managing directors of Fiera Private Debt and Integrated Asset Management have co-founded and launched a new direct lending firm and are seeking to raise $750 million for their first fund

Former JP Morgan credit prop trader relaunches credit hedge fund
Palm Lane Partners is relaunching – two years after the credit hedge fund manager looked to spin out of JP Morgan Asset Management

Experienced CLO PM Bowers launches asset manager with private equity backing
Jonathan Bowers, a former partner and senior portfolio manager at CVC Credit Partners, has established an asset manager in partnership with a private equity firm

HalseyPoint debuts in CLOs after two-and-a-half month ramp up
Start-up manager HalseyPoint Asset Management priced its debut CLO yesterday with founders Lynn Hopton and Yvonne Stevens informing Creditflux that their inaugural CLO was ramped up over just two-and-a-half months.

Azimut hires ex-Dyal official as it aims to buy minority equity in asset managers
Azimut will initially focus on acquiring minority stakes in alternative asset managers with under $3 billion AUM – including private credit, private equity, infrastructure and real estate firms

BlueBay private debt spin-off hires in credit opps following rebrand
BlueBay’s former private debt team has rebranded to Arcmont Asset Management, following the completion of its spinoff from BlueBay. And the independent entity is wasting no time in expanding its business by hiring two senior officials to oversee a new opportunistic credit strategy

AGL makes US CLO market debut via JP Morgan
The world welcomed a new CLO manager on Friday as AGL Credit Management priced its first ever transaction, named AGL CLO I

18% of CLO managers priced their first deals post-January 2018, says Maples
Launching a new CLO management platform is ‘extremely difficult’ although the rewards appear to be worth the risks, according to new research from Maples Group

Fort Washington joins growing list of prospective new CLO managers
Fort Washington Investment Advisors is looking to set up a CLO management business, Creditflux has learned

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions