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 

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.

MV expands into CLO management as it absorbs Natixis IM private debt team
The Natixis IM-affiliate has expanded into CLO management by absorbing Ostrum Asset Management’s former private debt team, in conjunction with the opening of a Paris office

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

KKR and PGIM among bidders to buy Alcentra: Bloomberg
BNY Mellon is set to offload its credit investment unit Alcentra, 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 

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 

Commerzbank CLO triple A investors approve Cross Ocean management rights transfer
The controlling class in Commerzbank Debt Fund’s Bosphorus CLO V and VI have agreed to Cross Ocean Investment Advisors taking over management of the deals, leaving equity investors such as Chenavari a few days to decide on the switch 

Lazard in talks to buy Brigade: Bloomberg
Lazard is reportedly in advanced talks to buy credit hedge fund Brigade Capital Management

Bennett Goodman's Hunter Point buys stake in MidOcean
Hunter Point, which was launched by Blackstone Credit’s co-founder Bennett Goodman alongside Avi Kalichstein in 2020, has made its first investment and bought a minority stake in mid-market specialist MidOcean

T Rowe Price to buy Oak Hill for up to $4.2 billion
Oak Hill is set to become T Rowe Price’s private markets platform, led by Oak Hill’s chief executive officer Glenn August

Aquarian takes over Gallatin CLO platform
New York-based Aquarian Holdings has bought Gallatin Loan Management's CLO management business 

Commerzbank CLO platform sale nears end as new entrant closes in
A new entrant could be about to make a breakthrough in European CLO management later this month, as Commerzbank Debt Fund Management looks close to wrapping up the sale of its CLO platform

Investcorp looks at M&A for US CLO growth: Bloomberg
Investcorp Credit Management’s co-head of US credit David Moffitt has outlined plans to double the firm's US CLO assets under management – which include acquisitions and equity partnerships

Vontobel takes full ownership of TwentyFour after bringing forward acquisition plan
Vontobel says that it owns all of TwentyFour Asset Management after fast-tracking a plan to top up its previous 60% stake in the structured credit fund manager

Medalist buys remaining stake in CLO manager due to “significant demand" from investors
Medalist Partners has accelerated the buyout option for its remaining stake in CLO platform Medalist Partners Corporate Finance (formerly JMP Credit Advisors) due to investor demand for CLOs

Birch Grove merges with American Securities' credit business
US private equity firm American Securities has merged its opportunistic credit business, Ascribe Capital, with boutique alternative credit hedge fund Birch Grove Capital

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

Kayne appoints new CEO as Levitt and CLO team spin out
More details have emerged on the spin out of Kayne Anderson’s credit business, first reported by Creditflux today, with sources indicating chief executive officer Michael Levitt is part of the team that is leaving