SEC proposal could strengthen BDCs’ power to purchase funds
The Securities and Exchanges Commission (SEC) has released proposals to allow regulated US funds, including listed funds, closed-end funds and business development companies (BDCs), to acquire shares of other regulated funds in excess of current limitations

Ares prices new issue US CLO with triple As at 133.69bp
Ares Management teamed up with BNP Paribas on Friday to price a new issue CLO named Ares LI

Ares mandates BNP Paribas with its first CLO of 2019, according to ratings agency reports
Ares Management has teamed up with BNP Paribas to launch its first CLO of the year

Ares starts 2019 with a bang, closing US senior direct lending fund at $5 billion
Ares Capital Management has held a final close for its US senior direct lending fund with $5 billion total capital available

Texas pension awards $500 million to European direct lending managed account
This is the largest investment to credit that the $30 billion pension fund has made

Global CLO round-up: there's something for everyone as CLOs put on a good spread
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening

Ares prices $510.5 million CLO with triple As at 117bp
Ares Management priced its sixth new issue CLO of 2018 via Goldman Sachs yesterday named Ares L CLO

Ares ups its target for US senior direct lending growth to $4.7 billion
Following $5 billion of inflows into global direct lending in the third quarter, Ares has upped the target for its US direct lending strategy 

US CLO league tables: low volumes drive big changes at the top
Despite a quiet month, September brought quite a shuffle in the US CLO league tables with new a plethora of new market leaders

BDCs find variety of routes to higher leverage but remain cautious of two-times limit
Business development companies have been granted flexibility by US regulators, but there seems to be little consensus on the best way to take advantage

Private credit specialist rejoins Ares in Los Angeles
Ares Capital Management has appointed managing director Michael Zugay to its private credit team in Los Angeles 

Ares brings in credit portfolio managers from DoubleLine and Pimco
Ares Management has bolstered its liquid credit team with the appointment of Jason Duko and Kapil Singh, who join as partners and portfolio managers

Ares opts for low leverage as it prices $444.15 million CLO reissue
Ares Management has reissued its 2013 vintage deal, Ares XXVIII, producing one of the lowest levered CLOs of the year in the process

US CLO league tables: CSAM aces it to take top spot in new issue reshuffle
Carlyle Group now leads the CLO market on two fronts with the firm moving into top spot in the 2018 US CLO rankings, adding to its position as a market leader in Europe

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

Ares prices its fourth new issue CLO of the year after teaming with Natixis
Ares Management priced a new issue CLO via Natixis named Ares XLIX CLO

Natixis goes coast to coast pricing two middle market CLO resets
Natixis made a $771.26 million stamp on the middle-market CLO space yesterday, resetting two 2015 vintage transactions for Ivy Hill Asset Management and Fortress Investment Group

Ares and Deutsche Bank team up once more to price US CLO reissue
Ares has priced its third CLO reissue of the year, and its second via Deutsche Bank

Ares markets reissue of 2015-vintage US CLO
Ares is looking to restructure a 2015 CLO, with the senior triple A notes said to be preplaced

Ranger direct lending fund set to wind-up as Ares withdraws candidacy
A new development in the Ranger Direct Lending Fund saga: Ares withdraws its proposal to assume managerial responsibilities for the fund

Ares prices $512.75 million new issue CLO
A global CLO manager priced its sixth transaction in the global CLO market today via BAML

US CLO round-up: Voya print stands out as spreads disperse
There has been a fair bit of spread dispersion within the CLO market over the last few days with deals pricing up to 11.1 basis points apart when it comes to triple-A financing costs

Ares prices 2018's second largest CLO with $1.3 billion reissue
A California-based CLO manager priced the second largest CLO transaction of the year yesterday via Barclays

Oaktree nominates two directors to direct lending board following "poor decisions"
A further development in the Ranger Direct Lending Fund saga has taken place with Oaktree Capital Management - an 18.56% shareholder - having nominated two new directors to add to its board

Ares emerges as favourite to take over troubled direct lending fund
Following Oaktree’s wind-down request, the board of the Ranger Direct Lending Fund has chosen Ares as replacement manager - moves which could see the fund change its focus from peer-to-peer loan investments to asset-backed loans