‘The enthusiasm has been great’
Why are so many new managers launching? Creditflux spoke to 10 who started a CLO business and found that, while it may sometimes be fraught, it’s a rewarding and enjoyable challenge

CIC Private Debt prices second CLO, first of 2025
Twelve months on from its inaugural deal, the manager priced Victory Street II, which priced with an impressively small premium for a fresh-faced manager

Differing approaches on display as Fortress and CIC Private Debt debut as CLO managers in Europe
CIC Private Debt and Fortress have priced their debut CLOs within hours of each other this week to mark the first set of manager debuts the market has seen in six months

CIC Private Debt prices inaugural CLO to become a new manager in Europe
French firm CIC Private Debt has become a CLO manager in Europe with its first deal that cleared with relatively tight triple-A spreads

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

French firm CIC markets inaugural deal as a new European CLO manager
CIC Private Debt is marketing its first European CLO, as the French firm seeks to establish itself as a CLO manager as soon as next week

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

CIC engages bank for debut CLO
The private debt arm of French group Crédit Industriel et Commercial (CIC) is in pre-marketing for its debut CLO and has engaged an arranger

CIC aims to join list of new European CLO managers
After last year’s eye-catching European debuts from seven new managers, attention has turned to this year’s impending crop of debutants.

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

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

CIC holds final close on mezzanine fund at €450 million
CIC Private Debt has held a final close on its fifth mezzanine fund at €450 million, which it says is €50 million over its initial target

Moving fast pays off for hedge funds
2020 was an up and down year in credit, and credit hedge fund managers had to move quickly to capture opportunities from the dislocations that inevitably opened up

European CLO trades wide in secondary amid CLO risk retention issue
A European CLO manager has been caught in a rare situation owing to risk-retention compliance for its 2015-vintage Euro Galaxy IV – and CLO traders have factored this in the secondary market

CIC launches European loan fund
Credit Industriel et Commercial is looking to raise €300 million for a European senior debt fund

CIC collects €530 million for direct lending fund
CIC Private Debt has collected €530 million on its third senior debt fund, surpassing its original €450 million target size