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. 

Sound Point cuts funding costs on 2016 CLO with $643.5 million refi
Sound Point Capital Management has refinanced its 2016 vintage deal Sound Point CLO XII

Sound Point shrugs off flat CLO curve as it targets 43bp tighter triple As with refi
New issues have been the main source of business in the US CLO market this year with market sources divided over the merits of CLO refinancings

Points up front: Favouritism - that’s the long and short of it
The rift between Sound Point Capital Management and its former portfolio manager Jeff Teach highlights some of the difficulties managers face when overseeing multiple funds with both competing and similar interests

US CLO round-up: it's a slow start, but at least we have a benchmark as 42 deals fill pipeline
It’s safe to say 2019 is off to a slow start for the US CLO market. This past week, $1.4 billion has priced, bringing total issuance in January 2019 to $5.7 billion. That’s 70% below the January 2018 new issue volume of $20 billion.

Sound Point starts 2019 with a bang pricing $508.8 million new issue CLO
Sound Point Capital Management priced a $508.8 million new issue CLO yesterday named Sound Point CLO XXII

Sound Point orchestrating primary market CLO via BAML
Sound Point is returning to the CLO market this week with its $508.5 million CLO XXII via Bank of America Merrill Lynch

Disagreement between Sound Point and former portfolio manager comes to an end
The long-running dispute between portfolio manager Jeff Teach and his former employer Sound Point Capital Management has been brought to an end following a final arbitration award

Sound Point cuts 2016 CLO's triple A coupon by 55bp with refi
Sound Point Capital Management priced a $460 million refi of its 2016 CLO Sound Point CLO XI yesterday, slashing its triple A coupon by 55 basis points

Global CLO round-up: what goes around comes around
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre.

Sound Point becomes 2018's most active CLO reissuer following fifth deal
Sound Point Capital Management became the most prolific CLO reissuer of 2018 on Friday after reworking its 2014 deal Sound Point CLO VI

Sound Point prices five year CLO as triple As continue to move wider
Sound Point Capital Management has reissued a 2014 vintage CLO, Sound point CLO VII, according to market sources

Sound Point wins $285 million CLO equity mandate from Canadian pension fund
The C$366.6 billion Canadian Pension Plan Investment Board is looking towards CLO equity to broaden its investment exposure

Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals

Sound Point blasts out a third new issue CLO of the year
Sound Point has priced its third new issue CLO of 2018 on Wednesday, with triple As at 118.83 basis points over Libor

Court order forces former Sound Point CLO PM into 90-day non-compete
Sound Point Capital Management is locked in a dispute with its former employee Murtaza Haque who left the firm in May with a view to joining GoldenTree Asset Management    

Sound Point reissues 2014 deal for five years as spreads push wider
Sound Point Capital Management priced its seventh CLO transaction of the year yesterday

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

Sound Point and American Beacon team up for credit interval fund
American Beacon Sound Point Enhanced Income Fund will invest in a variety of credit-related instruments - with at least 40% bank loans exposure

Sound Point CLO Fund sees inflows of $100 million over 12 months
Sound Point Capital Management's CLO fund has reached approximately $240 million

Sound Point prices CLO 20 in $810.3 million deal
Sound Point Capital Management priced an $810.25 million new issue CLO on Friday named Sound Point CLO XX

Sound Point prices $414 million CLO refi
Sound Point Capital Management priced its fifth CLO transaction of the year yesterday

Sound Point wins $125 million mandate for strategic credit fund
Sound Point Capital Management has won a $125 million mandate for its Strategic Capital Fund, which will provide liquidity solutions to US stressed and distressed companies 

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

US manager hires Alcentra loan PM to spearhead new European CLO unit
A US manager is expected to make its first move into the European CLO market after hiring an experienced loans specialist in London