Sound Point prints its first new CLO in 11 months
Sound Point Capital Management returned to the CLO primary market on Monday to print its first new CLO in 11 months

CLO managers find safety and return potential in IG
An investment grade bond might not seem the most suitable candidate for a CLO portfolio, but managers are increasingly going up the capital structure as they brace for a recession.

Global CLO league tables - August 2022 YTD
Global CLO league tables - August YTD

We can cope with downgrades again

Sculptor fills vacancy by hiring US CLO structuring and origination head
Sculptor Capital Management has filled a vacancy that opened up after Peter Polanskyj left in April having hired a CLO structuring specialist from another CLO manager 

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

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

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

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

Sound Point promotes duo to lead US CLOs as veteran PM steps down
Sound Point has allocated responsibility for the US loan and CLO platforms to the pair as lead portfolio managers

Global CLO league tables - February 2022 YTD
Global CLO league tables - Feb YTD

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

CLOs at a glance
A listing of CLOs that have priced in the last month

Sound Point resets 2019 US CLO for three years
Sound Point Capital Management priced a short reset of its 2019 CLO named Sound Point XXV, renewing the deal's reinvestment period for three years

Sound Point pairs with BofA on new US CLO
Sound Point Capital Management priced a US CLO on Friday 

CLO managers show respect to their elders
Alongside lucrative new issues, managers also make time for refinancing and resetting old deals. Our data shows that, in 2021, mid-sized firms were the most effective at this balancing act

Four CLO managers reset or reissue $2 billion worth of CLOs
CBAM, Marble Point Credit Management, Oak Hill Advisors and Sound Point Capital Management have each reset or reissued a CLO, with the four deals totalling over $2 billion

CLO reset surge extends with over $1.7 billion pricing on Friday
CLO reset supply was elevated for a second consecutive day on Friday as $1.7 billion priced across four deals

Sound Point new US CLO gives echo of June reset
Sound Point Capital Management has issued its third US CLO of the year, in the process demonstrating how spreads have barely moved since late June

Global CLO trading lab: Equity supply spikes as investors go long
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale

Sound Point and Trinitas add $921 million of CLO refi paper
Sound Point Capital Management and Trinitas Capital Management have each refinanced a CLO, with the deals adding a combined $920.7 million to market volume

Sound Point looks to amplify mid-market offerings with BDC and CLOs
Sound Point Capital Management expanded into mid-market lending earlier this month with the acquisition of CVC Credit Partners’ US direct lending arm, and the firm has big ambitions to expand the business

Sound Point upsizes 2020 CLO by $100 million with reset
Sound Point Capital Management reset its 2020 CLO named Sound Point XXVI on Tuesday, upsizing the transaction by over $100 million in the process