Direct lending leverage takes off
HPS, NXT and Crescent target mid market with leverage in Q4. By Grace Jennings-Edquist

Manager adds to its private credit team and holds final close on new fund
Toronto-based Northleaf Capital Partners has announced the final closing of its global private credit fund, as well as two senior hires from Bain and HIG Capital in Chicago

Voya gives 2013 CLO a new lease of life following reset
Voya Investment Managers has priced its seventh transaction in the US CLO market this year

US CLO round-up: debutants and giants combine in huge week of issuance
Six new issues have priced this week - with the manager list including an AUM leader, a debutant, a renamed manager and a firm that has waited 916 days to re-enter the CLO market, before pricing two deals in two days

US CLO round-up: vacation time is over as CLO market bursts into life
The US primary issuance market is slowly coming to life and this week two new issues, two resets priced and one refi has priced, contributing $2.6 billion to CLO supply this week.

East coast pension plans investment in Davidson Kempner credit fund
A US state pension scheme is poised to invest up to $50 million in a Davidson Kempner distressed debt fund

CLO round-up: number of US managers unfazed by risk retention hits 70
It says a lot about the CLO market this year that a week in which $1.6 billion of new issue paper prices qualifies as a 'quiet' week. Our analysis finds that 70 managers have priced new US CLOs this year - a 52% increase on 2016

Axa IM prices its first new issue US CLO of the year
The deal is Axa’s third transaction on the US CLO market this year, following the refinancing of Allegro I and II in January

Marathon leads the pack to top US CLO performance tables
Recently refinanced CLOs top our ranking of the deals with the highest equity distributions over the last week with Marathon Asset Management leading the way

Davidson Kempner raises $670 million for upcoming distressed debt fund
New York's Davidson Kempner is 67% of the way towards its target, sources say, as it markets its latest distressed debt fund

US CLO round-up: there’s no such thing as a summer slow down
Does the CLO market go to sleep in August? Not when 10 deals price on the same day

Invesco prices its first new issue CLO of 2017
The manager has returned to the US CLO market after six months by pricing its first new issuance CLO of 2017 yesterday

CLO round-up: triple-A investors answer the call as spreads hit 118bp
Hold the phone, CLO triple-A spreads are as tight as 118bp. That's if you're lucky enough to be on the approved list of a major Japanese bank

BlackRock joins the 118bp club as BAML prices three US CLOs in a day
Bank of America Merrill Lynch’s US CLO team put in the overtime yesterday to price three transactions

Investcorp prices its "first" US CLO
The Bahrain-based firm has priced its first CLO since acquiring 3i’s debt management division in 2016

KKR converts from EU to US risk retention as it prices CLO reset
KKR Credit has priced a reset of its 2013 CLO, KKR Financial CLO 2013-1, according to market sources