Fortress shifts to short-dated timetable with latest US reset
Unusually, the USD 364m BSL repricing maintained the same reinvestment expiration date

Mubadala to deploy USD 1bn alongside Fortress into private credit co-investments
The new partnership will see the Middle Eastern investor giant co-invest with Fortress’s existing strategies across private credit, asset-based lending, and real estate  

Former Fortress Partner joins Star Mountain
The new managing director Cohan joins the investment team and will be based on the west coast  

Fortress and Polen print their first new CLOs of the year
Fortress and Polen Capital have priced their first BSL offerings of the year, both via BofA  

New US CLOs price from Ares, Benefit Street Partners, Fortress, BlackRock, Trinitas and Voya
Most of the triple-A spreads confirmed the tightening of the senior portion of the primary market, including prints at 129bps, 130bps and 131bps, all tighter than the benchmark just a week ago

Fortress Credit prints its second new middle-market CLO of 2024
The senior triple-As priced at 159bps in Fortress' second private credit CLO, a full 61bps tighter than the manager's previous deal back in January 

Fortress Credit refinances 2019 vintage CLO
JPMorgan and Fortress teamed to refinance a US BSL CLO dating back to 2019 that came out of reinvestment in July

New managers hustle to join buoyant CLO market
New entrants are bustling to join the ranks of BSL CLO managers in both the US and Europe, with Obra, Fortress and CIC all in the market

Nuveen and AGL among those plotting debut as European CLO managers
US-based firms Nuveen, AGL Credit Management and LCM Asset Management are among those planning to kick-start CLO deals in Europe

Fortress US CLO refi shows tightening throughout the stack
Fortress Investment Group paired with Bank of America to price a 2022-vintage US BSL CLO refi on Thursday, its seventh deal of the year

Fortress prints its third US CLO of the year
Fortress has priced its third new US CLO of 2024, a BSL CLO arranged by JPMorgan

Fortress prices second new CLO of 2024
Fortress has returned to the primary market for a second time this year, pricing a USD 451.87m new BSL CLO late last week

Scotia continues growth with new CLO for Fortress
The middle market has continued its strong start to the year, with Fortress Investment Group yesterday setting a new benchmark for middle market pricing

Fortress taps BlackRock for sponsor coverage hire
Fortress Investment Group has hired a new director to focus on sponsor coverage and origination in in Fortress’ credit business

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

Fortress teams up with Goldman on $475 million BSL CLO
Fortress Investment Group priced a new transaction on Thursday in its series of CLOs backed by broadly syndicated loans

Fortress partners with Goldman on new BSL CLO
Fortress Investment Group priced a new CLO via Goldman Sachs on Thursday

Rope-a-dope brings knock-out returns
Post-pandemic US and European CLOs delivered mid-teen equity returns in 2022, despite a barrage of weak macroeconomic news and what could have been a heavyweight Libor mismatch  

Fortress issues 2023's first CLO backed by middle market loans
Fortress Investment Group has priced the first middle market CLO of the new year

US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

Fortress goes for longer tenor as CLO spreads widen
Fortress Investment Group has priced a new US CLO with a four-year reinvestment period and pricing at the wider end of recent issues

US CLO pipeline: $100bn new issue mark about to be surpassed
Seven US CLO managers join one holdover in the new issue US CLO pipeline this week, as the market bears down on $100 billion of new issuance in 2022

Fortress goes short with new three-year reinvestment CLO
Fortress Investment Group priced a new CLO via Natixis on Thursday, opting for a short three-year reinvestment period