H.I.G. WhiteHorse prices first new CLO this year
The direct lending and credit affiliate of H.I.G. Capital paired with JPMorgan to print the USD 450m private credit CLO

HIG issues second new mid-market issue for 2025
The deal, which priced its senior triple A paper at SOFR plus 155bps comes as mid-market CLOs have taken a significant step tighter in spreads

HIG WhiteHorse corrals USD 5.9bn for US direct lending
The latest fund will be used to originate senior-secured loans for both sponsored and non-sponsored corporate borrowers

HIG issues first new CLO in 15 months
The deal is the first new print from the manager since it priced HIG WhiteHorse Trinity CLO 2024-1 in February last year

HIG resets a static CLO into a reinvesting one
HIG Capital has printed a reset of WhiteHorse Principal Lending CLO 2022-1, a static middle-market deal from 2022, revamping the structure into a reinvesting CLO

WhiteStar absorbs yet more CLO contracts
WhiteStar Asset Management has underlined its status as one of the leading acquirers of CLO platforms in recent times

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month

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

Florida manager rides back into CLO market with first new issue in four years
HIG Capital has returned to the CLO market with its first new issue in over four years. The manager priced a $661.5 million middle market CLO named WhiteHorse Principal Lending CLO 2022-1

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

HIG closes $1.65 billion US direct lending fund focused on non-sponsored deals
HIG WhiteHorse has closed a US direct lending strategy focused on sponsorless companies, HIG WhiteHorse Direct Lending Fund - 2020

LP round up: $3.2 billion flows to 21 managers as private credit illiquidity premium holds firm
Investors allocated at least $3.2 billion to credit managers in April - and direct lending funds were in favour with Churchill and Ares being awarded two mandates

LP round-up: investors gift private debt and leveraged loan RFPs over holiday season
2020 ended on a strong note with four institutional investors increasing asset allocation to private debt or initiating private debt and leveraged loan searches. ArrowMark, Banner Ridge, BBAM, HIG Whitehorse, Monroe and Rialto were also awarded mandates

HIG hires principal to New York direct lending team
WhiteHorse Capital, the direct lending affiliate of HIG Capital, has hired a principal in its New York office

OC health check: all quiet on the overcollateralisation front
Eight US broadly syndicated loan CLOs reported overcollateralisation test breaches last week during a quiet reporting period in which only 40 CLOs published a trustee report, according to CLO-i, but focus is turning to the swathe of CLO distributions coming due.

LP round-up: talf and dislocation funds win as pensions allocate $350 million to credit
Investors poured in $350 million to eight credit-focused funds, primarily to credit dislocation funds. Private debt continued to remain stead with investors maintaining or increase allocations 

Virginia pension allocates $850 million to credit in Q1
Virginia Retirement System has allocated $850 million to three credit strategies in the first quarter of the year, according to an update at its 15 April investment committee meeting

S&P puts US CLOs on negative watch including seven failing triple C test
Standard and Poor’s put focus on the recent volatility by placing tranches in 15 US CLOs on a negative watch for having large exposures to energy related sectors such as oil and gas, consumable fuels and commodities. In total, 25 tranches have been affected by this.

New York pension allocates $100 million to US direct lending fund
New York State Teachers Common has awarded $100 million to a direct lending fund, as its private debt portfolio delivers 10.7% net IRR 

HIG WhiteHorse reaches $1.1 billion final close for direct lending fund
HIG WhiteHorse has announced a final close on its direct lending fund, HIG WhiteHorse Principal Lending Fund

Solar hires private credit specialists from NewStar and WhiteHorse
The asset-based lender has added two partners to its team in New York 

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

Global b-wic round-up: US CLO equity continues its surge
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.