US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15%

Euro CLO league tables: Goldman Sachs, Fidelity and Tikehau enter fray as Jefferies extends lead
Four European CLO managers braved the market in August to price a new issues, the same number as August 2021

Tikehau adds to triple-A discovery with first European CLO of year
Tikehau Capital on Tuesday night priced its first European CLO transaction of the year, via BNP Paribas

Tikehau collects €3.3 billion for fifth European direct lending strategy
Tikehau Capital revealed in its H1 2022 results it reached a final close for its fifth European direct lending fund in July, collecting €3.3 billion for the strategy

CLO pipeline: large managers defy loan drought to keep market moving
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on

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

Direct lenders look to support venture backed businesses
European direct lenders are exploring deal transactions based on annual recurring revenue (ARR) financings, according to market sources

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Tikehau raises nearly €2 billion for direct lending amid record-breaking quarterly fundraising
Tikehau Capital has collected nearly €2 billion for Tikehau Direct Lending V, plus a further €275 million for its secondary private debt strategy 

US CLO league tables: Blackstone takes new issue lead amid monthly new issue record
The US CLO market priced $23 billion of new issues in November, setting a record for most new issuance in a month in the 2.0 era

Tikehau prints first new European CLO in 19 months in breakthrough under new CLO head
Tikehau has priced its first European CLO new issue under portfolio manager Christoph Zens, in a month where the firm also made its US CLO debut and announced it hired John Fraser to boost its global structured credit capabilities

Tikehau becomes first European CLO manager to enter US market in over three years
Tikehau Capital on Friday became the fifth debut CLO manager in the US this year and the first European manager to issue a US CLO in over three years

It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels

Tikehau markets first European CLO new issue since PM change
The deal includes ESG scores on all credits, 'full ESG exclusion policy' and language related to the Sustainable Financial Disclosure Regulations

Tikehau snags ex-Investcorp CLO veteran to bolster global structured credit business
Tikehau Capital has hired the former head of Investcorp's US credit business to a newly created role of partner and chairman of its global structured credit strategies

Tikehau scores 99bp triple As on Euro CLO reset but mezz trails wide of market
Tikehau Capital has scored tight triple As on the reset of its 2016 vintage European CLO, Tikehau CLO II, but mezz tranches trails slightly wider

Apollo poaches private debt secondaries head from Tikehau
Apollo Global Management has poached Tikehau's private debt secondaries head, five months after launching a $1 billion platform in May

Tikehau wins €350 million mandate to manage Belgian direct lending fund
The €350 million fund will invest in subordinated and convertible loans to Belgian companies hurt by the covid-19 pandemic over the next five years

Tikehau preps expansion to join ever-growing list of US CLO managers
Tikehau Capital is expanding its CLO management business with the firm preparing a debut US CLO

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

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

Euro resets close triple A basis with US CLOs
The basis between European and US CLO triple As is narrowing

Tikehau retains 68% of investors for second €617 million special opps fund
Tikehau Capital has closed a second special opportunities fund at €617 million - and says 68% of commitments in Fund II were re-ups from investors in Tikehau’s inaugural special opportunities fund

Tikehau launches high yield impact credit fund
Tikehau says it has committed €30 million of initial capital to the fund, through which it aims to transition companies towards a net zero carbon economy