Michigan pension fund commits $570 million to four credit fund managers
The State of Michigan Retirement Systems has revealed commitments of over $570 million to credit funds over Q3 2017, according to board documents

CMV prices another dual-compliant US CLO
A capitalised manager vehicle priced a $534.2 million new issue CLO yesterday

Los Angeles-based firm hires Napier Park's former head of distressed debt
A west coast manager has drafted in an experienced distressed debt official to its team, which specialises in mid-market opportunities

ICG teams up with originator to overhaul 2014 CLO
Credit Suisse yesterday carried out a reset of ICG’s St Paul’s CLO V which not only gives the European CLO a brand new capital structure but also overhauls the way it complies with risk retention rules

Napier Park completes its refi business after pricing Regatta IV
Napier Park Global Capital has refinanced Regatta Funding IV, which means that the CLO manager has now refinanced all of its eligible deals

Two 2014 US CLOs bring triple As down close to 100bp
Two similar vintage deals were refinanced yesterday with similar results, at least in terms of their triple A pricing

JP Morgan kicks off May's primary market with two US CLOs
JP Morgan kicked off May’s CLO primary market yesterday, pricing two new issue CLOs in quick succession.

US hedge fund manager launches mortgage-orientated fund
A structured credit specialist has so far raised $50 million for a fund which will write mortgages in a niche corner of the US property market

Funding costs fall sharply as Napier Park refinances step-up CLO
Napier Park Global Capital has priced a refinancing of its 2014 vintage CLO, Regatta V Funding

Napier Park caps busy 2016 with $417 million CLO reset
Napier Park Global Capital has become the latest US CLO manager to price a reset, according to market sources.

BNP Paribas prices manager's second dual-compliant US CLO of 2016
Napier Park Global Capital priced its second CLO of the year late on Friday, according to market sources

Napier Park turns to new arranger for its second dual-compliant US CLO
Napier Park Global Capital is in the market with its second new issue CLO of the year, according to market sources

Pension fund backs Napier Park with $300 million as it puts faith in credit
Napier Park Global Capital has emerged as a big winner after the New Mexico Public Employees Retirement Association (Pera) completed the first stage of a major re-allocation to credit. CVC Credit, Ellington and Guggenheim have also been given mandates

Napier Park prices its first CLO to be managed by new CMV
Napier Park Global Capital has launched its first CLO since October 2014, pricing a $411 million deal on Friday afternoon

Napier Park prepares first dual-compliant CLO after launching new CMV
Napier Park Global Capital is in the market with its first US CLO since October 2014, according to market sources

Structured credit veteran exits hedge fund manager in London
A former Bear Stearns structured credit official has parted company with a large credit hedge fund manager in London, sources say

Napier Park urges investors to call its 2006 CLO for 20% IRR
Napier Park Global Capital is gearing up for its first 1.0 CLO redemption, according to an investor notice seen by Creditflux

Napier Park hires distressed analyst for opportunities fund
Distressed analyst joins fund manager in New York for distressed analysis role 

CLO manager triumphs after smashing past equity distributon target
A CLO launched by Triumph Capital Advisors has triggered an early incentive fee to the manager

Structured hedge fund manager calls 2005 CLO
A legacy American Money Management CLO is set to be redeemed in December, according to an investor notice seen by Creditflux

Another Napier Park CLO pays out big to equity on first payment date
Regatta IV Funding made its first distribution on Monday, paying 30%+ annualised to the subordinated notes.

Napier Park CLO makes strong return on first payment date
Regatta III Funding, a $492 million CLO which priced in February, made its first payment to subordinated noteholders on Wednesday

Napier Park prices third CLO of 2014
Napier Park has priced Regatta V Funding, a $514.5 million CLO featuring three double-A tranches

Napier Park prepares its third CLO of 2014
Regatta V Funding is currently being marketed as a $516.6 million deal