Tall Tree CLO stays rooted despite proposed Benefit Street transfer
In January, a notice was sent to investors of Lockwood Grove that Tall Tree Investment Management was set offloading management rights to the CLO to Benefit Street Partners

"Wholesale moves into risk areas after internal changes should sound an alarm"
The composition of CLO managers is changing, so management styles may drift  

CLO manager M&A deal boosts equity investor Hildene Capital
Hildene Capital Management boosted returns in its CLO equity business last month after its manager partner Carlson Capital sold the management contracts for its CLOs to WhiteStar Asset Management

Ares buys mid-market portfolio from direct lender for $2.4 billion
As of 31 December, the portfolio is backed by 28 private equity sponsors and 46 borrowers, with an average $44 million investment size

Carlyle closes CBAM transaction to become largest CLO manager in the world
Carlyle Group has closed a deal to buy the assets of CBAM and has become the largest CLO manager in the world

CBAM CLO debt comes into play with reset incentive
Carlyle Group’s acquisition of CBAM for roughly $787 million ($615 million in cash) has underlined that we are in a seller’s market, sources say. But a key part of that deal will be the ability to extend CBAM CLOs through resets

First Eagle to buy Napier Park
First Eagle Investments has struck a deal to acquire Napier Park Global Capital, according to an announcement, in a deal which will take the firm’s overall global CLO assets under management up to $29.7 billion.

Two CLO managers link up as AB agrees to buy CarVal
AllianceBernstein has entered an agreement to buy CarVal investors for $750 million, bringing two major CLO managers under the same roof

CBAM: star power, friends in insurance, and doing things 'my way'
"And now the end is here, and so I face that final curtain... I've lived a life that's full, I traveled each and every highway, And more, much more
I did it, I did it my way". Sinatra could easily have been thinking of CBAM when he penned these lyrics. We look back at how a group of experienced CLO officials came together to launch a mega player in the CLO business in no time at all 

Oaktree buys majority stake in 17Capital
Oaktree Capital Management has bought a majority stake in net-asset-value financing specialist 17 Capital

Carlyle to become world's biggest CLO manager with deal to buy CBAM assets
Carlyle Group says it is buying CBAM Partners assets in a deal that is set to make the firm the largest CLO manager globally with about $48 billion of CLOs under management.

Constellation buys into real estate and mid-market corporate specialist
Constellation Capital has bought a passive, minority equity stake in Post Road Group, according to a joint-announcement. The transaction comes shortly after Post Road raised over $300 million for Post Road Special Opportunity Fund II

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

Leucadia AM takes non-controlling stake in Hildene
Hildene Capital Management has entered a strategic relationship with Jefferies affiliate Leucadia Asset Management

Blue Owl reaches agreement to buy CLO manager Wellfleet
Blue Owl Capital, owner of Owl Rock Capital Partners a mid market CLO manager, has reached an agreement to buy Wellfleet Credit Partners from Littlejohn & Co

Points up front: CLO valuation buzz - to infinity and beyond
Last month it emerged that Eldridge Industries was exploring the possibility of selling part of its majority stake in global CLO manager CBAM

Whitestar swoops for US CLOs as it readies European deals
MacKay Shields has completed its exit from CLO management after it emerged that the asset manager has transferred the rights to two of its US CLOs to Whitestar Asset Management

CBAM goes on block with parent Eldridge exploring 'strategic options': Bloomberg
Eldridge Industries is said to be considering selling a stake of its $15 billion credit unit CBAM Partners, according to a report by Bloomberg, citing people familiar with the matter

Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners

Timber! Boutique US CLO manager looks to offload deal to Benefit Street
A boutique US CLO manager is set to offload collateral management rights for its 2014 US CLO to Benefit Street 

Natixis IM to sell stake in Canadian asset manager Fiera
Natixis Investment Managers is selling all 10.68 million class A subordinate voting shares it holds in Canada's Fiera Capital

Park Square sells minority stake to Bonaccord
Bonaccord Capital Partners has bought a minority stake in $10 billion private credit shop Park Square Capital

GSO co-founders reunite as Hunter Point buys minority stake in Iron Park
Two of the three GSO Capital Partners co-founders Bennett Goodman and Tripp Smith have been reunited with Goodman’s Hunter Point Capital buying a minority stake in Smith’s Iron Park Capital

CIFC pushes into direct lending with LBC acquisition
CIFC Asset Management has agreed to buy middle market direct lender LBC Credit Partners

WhiteStar to absorb MacKay Shields' European CLO platform
WhiteStar Asset Management has swooped for MacKay Shields’ European CLO business, ending weeks of speculation over the latter’s CLO ambitions and confirming WhiteStar's status as a rising star