Sound Point scores USD 1.1bn first close for asset-based lending fund
The fund, which expects a final close by the end of the year, has already blown past its USD 1bn total target

Paradigm shift in US economy lessens likelihood of tariff-induced recession – Sound Point’s Stephen Ketchum
The founder and CEO of Sound Point Capital Management told Creditflux managing editor Lisa Lee on the latest edition of the ‘Credit Exchange’ podcast that he currently sees credit markets as being in a state of “reasonable balance”

Sound Point breaks USD 1bn level on third direct lending fund
Sound Point Capital held a final close for its third US direct lending fund, raising USD 1.2bn of equity and debt

Sound Point readies third special sits fund
Sound Point Capital Management plans to launch its third special situations private credit fund during the fourth quarter of this year

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

Sound Point plots first US direct lending fund following CVC acquisition
Sound Point Capital Management is looking to fundraise for its its first US direct lending fund since acquiring CVC’s US direct lending unit

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

Spac pricing hints at Sound Point's growth ambitions in loan market
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform

Sound Point confirms buy-out of CVC's US direct lending business
Sound Point Capital Management has bought CVC’s US direct lending business, the pair have confirmed. The deal will add $1 billion of assets to Sound Point’s $25 billion platform and includes nine investment professionals

Sound Point strikes deal to buy CVC's US direct lending business: WSJ
Sound Point Capital Management has agreed to buy CVC’s $1.5 billion US direct lending arm as part of a push into private credit 

US credit specialists prepare for partial return to office
Positive covid-19 data coming out of the US is turning market participants’ attention to a potential return to the office

2020 wrap: CLO funds bloom despite rocky ground
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure

Fund performance: CLOs look to continue recovery with end of the year in sight
CLO funds claim the majority of positions in our top 10

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

You wait 12 years for loan dislocation and $1 trillion comes along all at once
The waiting is over — distressed debt managers have the best entry point in about a dozen years as the S&P/LSTA Leveraged Loan Index plunged to 80 in just two weeks.

Sound Point launches distressed debt fund with $70 million
Sound Point Capital has launched a distressed debt fund focused on loans trading below 90 cents

Sound Point creates its first fund geared exclusively to direct lending
Sound Point, which has experience of investing in middle market loans through various funds, has launched its first dedicated speciality lending fund 

Falling correlation reignites passion for index tranche trades
Dispersion in the global corporate credit market is rekindling interest in correlation trading, with dealer sources reporting that a late surge lifted 2019 index tranche volumes to $250 billion.

Sound Point swaps evergreen fund for drawdown
Sound Point Capital Management is dropping its evergreen distressed debt fund in favour of a vehicle that will employ a drawdown structure, as is customary for distressed strategies.

Clover Tech cov-lite loan blots CLOs after spilling a third of its value
The past week’s biggest declining loan by some way, for printing cartridge maker Clover Technologies (aka 4L Technology), is a worry for CLO portfolios as some 21 managers hold the name, according to CLO-i

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 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

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 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