Hayfin explores sale of US CLO business
EXCLUSIVE: Hayfin commits to US private credit and fundraising, as it's shifting away from US CLOs

CLO managers push for index-linked discount obligation thresholds
European and US CLO managers are changing their discount obligation language, according to a new report by Dealscribe 

Hayfin names Goldman Sachs veteran as head of investments
Goldman Sachs veteran Michael Marsh has been hired to the newly created role

Hayfin co-head of direct lending says European private credit better geared to weather uncertainty than US
PODCAST: European private credit is less exposed to software as well as retail withdrawals, making them better positioned than their US counterparts to weather uncertainty, says Marc Chowrimootoo, co-head of direct lending at alternative asset manager Hayfin, on the latest episode of the Credit Exchange podcast with Lisa Lee

Hayfin hires two MDs for product and sales
The two managing directors will join the firm’s partner solutions group that focuses on creating new products and reaching new investors

Samsung Life becomes latest institution to take minority stake in Hayfin
Insurer Samsung Life joins Mubadala and AXA IM Prime as minority stakeholders in Hayfin

AXA Prime, Mubadala take stakes in Hayfin as more private credit firms welcome outside investors
Private credit managers selling GP stakes to third parties has become more common as managers seek ways to spur additional growth

Hayfin returns to market with first US CLO in nine months
The reset of the 2020-vintage deal priced the top of the stack at SOFR plus 123bps  

Hayfin adds Chicago office for fundraising and originations
Hayfin managing directors Steve Bringardner and Andrew Merrill will be based in Chicago to develop the office and grow the team

Hayfin agrees to Arctos-backed management buyout
The management team at Hayfin Capital Management is taking over the company in a management buyout backed by Arctos Partners

Hayfin returns to the US CLO market
Hayfin has priced Hayfin US XV, its first full deal of the year, and its first US transaction since 2021

Hayfin appoints new US CLO head
Hayfin Capital Management has announced it has recruited Peter Swanson to head its High-Yield and Syndicated Loans team in New York

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit
   

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Hayfin dilutes structured credit unit as senior pair launch their own business
Hayfin Capital Management is pulling back from structured credit with the head of this business and a portfolio manager leaving to launch their own business

Hayfin hires senior business development officials from BlackRock and Atalaya
Hayfin Capital Management has hired two New York-based managing directors to its business development team

CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Ares, Hayfin and Octagon reset $1.4 billion of CLOs
$1.4 billion of US CLO resets priced on Thursday after Ares Management, Hayfin Capital Management and Octagon Credit Investors each reworked a legacy transaction

Credit Rendezvous: Credit spins full circle
The third quarter was massive in terms of volumes with CLOs, high yield, leverage loans and private equity registering record issuance. But credit spreads were up and down as inflation fears, crackdowns in China and rising coronavirus cases became catalysts for risk-off sentiment in July and September

Hayfin pairs with Jefferies on first new US CLO of year
Hayfin Capital Management returned to the CLO primary market on Friday with its first US new issue deal of 2021

US loan managers capture secondary opportunities as new issues struggle
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June

CLO pipeline: Man GLG resurfaces from six-year absence as deals exiting call-lock fill pipeline
CLO spreads have leaked out in recent weeks but deal economics are still favourable, encouraging managers to come back to the primary market for the first time this year

Credit funds at a glance (May 2021)
A round up of fundraising and people moves in credit