Moving on from the late 2018 hangover
It might be too early to call a full recovery, but it’s fair to say that the US loan market is back on track with $48 billion of institutional issuance in 2019 — 88% of which is made up of new issues

US CLO manager JMP Credit rebrands following majority acquisition by Medalist
Medalist has bought a majority stake in the US CLO manager from a subsidiary of JMP Group

Brookfield strikes deal to buy 62% stake in Oaktree
Brookfield Asset Management has agreed to buy a 62% stake in Oaktree Capital Management in a move which will lead to the creation of one of the largest asset managers in the business.

LibreMax moves into CLO management with Trimaran acquisition
LibreMax Capital is set to buy US CLO manager Trimaran Advisors from Kcap Financial for $37.9 million

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Palmer Square buys out Montage Investments' minority stake
The $5.5 billion alternative asset manager is set to become an entirely management owned company

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

AIG makes dramatic return to CLOs with US manager acquisition
Eight years on from selling its asset management arm (which included 11 CLOs) to Pacific Century Group, AIG is embarking on a return to CLO management

BlackRock expands US private debt capabilities with TCP acquisition
BlackRock has agreed to acquire $9 billion asset manager Tennenbaum Capital Partners

Zais hit with class action filing over proposed go-private deal
A Zais Group stockholder has filed a putative class action lawsuit against the firm, taking aim at Zais’s plans to merge with subsidiary ZGH Merger Sub and Zugel’s firm Z Acquisition – a plan that would result in the company going private

Pretium adds to its US CLO AUM with another acquisition
A boutique US CLO manager has sold two management contracts to fast-growing Pretium

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

Hayfin acquires US CLO manager
European credit platform Hayfin Capital Management has signed an agreement to acquire a US CLO specialist

Bain rebrands Dublin unit and applies for management license in Ireland
Dublin-based Broadhaven Credit Partners - launched as a JV between Bain and financier Dermot Desmond - will now operate as Bain Capital Credit

Japanese bank to buy minority stake in CLO boutique GreensLedge
A Japanese bank is taking its relationship with GreensLedge to the next level by buying a 20% stake in the New York-based firm

Mid-market lender NewStar agrees to sell itself for more than $500 million
New York-based asset manager First Eagle Investment Management announced this morning that it plans to buy mid-market loan specialist NewStar Financial

Mortgage credit specialist Pretium steps in to back Valcour's CLO ambitions
Stamford-based Valcour Capital Management has been acquired by real estate and mortgage credit specialist Pretium Partners in a transaction which boosts Valcour’s prospects of returning to the US CLO market.

NewStar picks up Fifth Street CLOs for $16 million
Acquisitive CLO manager NewStar Financial has announced that it has reached an agreement to take on two middle-market US CLOs

Oaktree set to buy mid-market specialist Fifth Street, reports WSJ
Oaktree Capital Management is leading the chase to buy middle-market US lender Fifth Street Asset Management, according to a report by the Wall Street Journal

Dallas-based Trinitas closes $250 million CLO deal with Pine Brook
CLO manager Trinitas Capital Management has confirmed the receipt of a $250 million line of equity from its new parent Pine Brook

Fifth Street looks to quit CLO management as it winds down credit hedge fund
Fifth Street Asset Management is streamlining its business and its three middle-market CLOs and credit hedge fund will be cut as part of this process

Start-up credit manager moves into CLOs by taking on MatlinPatterson deals
A newly-formed company, run by former Hildene officials, has acquired three US 2.0 CLOs, according to market sources