CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures

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

Portfolio manager central to European CLO expansion to leave Neuberger
One of the key figures behind the launch of Neuberger Berman’s European CLO business is set to leave the firm

Natixis prices manager's second new US CLO of 2018
A manager issued its second new CLO of 2018 on Friday, taking its new issue volumes for the year over $1 billion

US manager seeks pastures new as it opens CLO warehouse in Europe
A large US CLO manager is making a move into European CLOs and has hired Barclays to arrange its debut transaction on the continent

Neuberger Berman prices $375 million CLO refi with staggered call lock
Neuberger Berman has refinanced a 2015 vintage CLO for a second time

Neuberger cuts triple A coupon in half following CLO reset
CLO managers are looking to reset their 2016 CLOs at the first available opportunity with Neuberger Berman resetting its US deal Neuberger Berman CLO XXI on Friday

ICG announces new marketing hire
Intermediate Capital Group (ICG) has appointed a former Neuberger Berman institutional sales professional to head up marketing across parts of Europe

US CLO manager shaves 3bp off record triple A tights
The manager priced a $510.8 million new issue CLO yesterday with a triple A spread at 103bp

Barclays prepares two new CLOs on both sides of the Atlantic
Barclays is preparing to launch two new issue CLOs, according to presale reports from Moody's and Standard and Poor's

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

Neuberger takes advantage of demand for short-dated CLO paper with new deal
Neuberger Berman has taken advantage of the steep CLO term curve by pricing a short-dated deal known as Neuberger Berman CLO XVI-S

Athyrium and Neuberger Berman announce $2 billion close of healthcare fund
A healthcare-focused asset manager has announced announce the closing of Athyrium Opportunities Fund III, which is subadvised by NB Alternatives Advisers, the advisor to Neuberger Berman’s private equity business

US manager becomes latest to receive China private fund management license
US manager becomes the latest foreign firm to recieve an approval for the private fund management (PFM) license in China. 

Neuberger refinances 2015 vintage CLO, cutting triple As by 74bp
The manager priced a $469.75 million refi of its 2015 deal yesterday, according to market sources

Värde announces senior hire from Neuberger Berman
Värde Partners has announced the appointment of Ria Nova as head of its Americas business development and investor relations team

Neuberger Berman prices new issue US CLO with triple As at 117bp
The manager priced its third new issue US CLO of the year yesterday, market sources say

Manager markets new US CLO with triple As at 117bp
A large US loan manager is aiming to become the second to break beyond the 118bp barrier

Ohio pension fund drops Penn after rewriting its allocation to high yield
The Ohio Police and Fire Pension Fund (OP&F) decided last month to drop Penn as part of its decision to downsize the high yield asset class, according to a fund announcement

Credit fundraising hits $11.1bn in September
$11.1 billion was raised for credit-orientated strategies in September, according to Creditflux’s fundraising tracker. Just over half of this ($5.6 billion) comes from direct lending funds

Neuberger keeps up private credit momentum as it markets new fund
Neuberger Berman is marketing its latest private credit strategy, with the firm launching Neuerger Berman Private Debt Fund III

US CLO round-up: vacation time is over as CLO market bursts into life
The US primary issuance market is slowly coming to life and this week two new issues, two resets priced and one refi has priced, contributing $2.6 billion to CLO supply this week.

Neuberger Berman prices triple As at 118bp in CLO reset
Neuberger Berman has priced a reset of a 2013 CLO, according to market sources

Neuberger Berman targets corporate credit with $1.1 billion fund
Neuberger Berman closed a new credit fund yesterday, according to a statement from the firm

Neuberger Berman sets its sights on 100% CLO refi/reset record
The manager is gearing up to price a reset of a 2013 CLO, according to market sources