Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs

Credit fundraising: managers build homes for real estate credit funds
The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close

Aegon targets ABS for new fund
Aegon Asset Management says it has launched a global ABS fund with a return target of Euribor plus 500 basis points

Aegon matches BlackRock for tightest CLO triple A print since March
Aegon USA Investment Management has priced one of the tightest CLO structures post-covid via JP Morgan, with a triple A note printing at 127 basis points over Libor

LP round up: Connecticut eyes Fortress for private credit partnership
Investors placed $3.3 billion across 26 credit mandates over the past fortnight, according to documents seen by Creditflux 

US CLO managers show they are quite partial to refis as Aegon prices
Cedar Funding V has become the ninth US CLO to refinance its debt in the last month as part of a wave of partial refinancings

CLO pipeline: AGL aims high as it prepares fifth new issue of 2020
US CLO managers are sensing opportunities in the CLO market either via new issue CLOs or by refinancing the fixed-rate tranches in their legacy deals

Credit Rendezvous: record fiscal stimulus provides pick-me-up
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market

Managers raise billions to take advantage of talf opportunities
Aegon, Payden & Rygel, Invesco, Morgan Stanley IM, Voya and Palmer Square are just some of the latest managers to have raised funds dedicated to the strategy 

Global CLO b-wic round-up: US triple Bs edge wider but 2020 bonds trade at a premium
The furious rally that the secondary CLO markets have gone through over the last two weeks was brought a halt by the Federal Reserve’s reminder on Wednesday night that all is still not well with the economy

Aegon appoints head of emerging markets debt
Aegon Asset Management has named Jeff Grills as head of emerging markets debt, according to an announcement by the firm

Aegon returns with new CLO pricing triple A tight of market
Aegon USA Investment Management has priced its second new issue CLO of 2019, known as Cedar Funding X CLO

Aegon prices 10th new CLO and sixth arranged by Jefferies
Aegon USA Investment Management tapped the CLO market on Friday, issuing a $404 million deal named Cedar Funding XI

CLO pipeline: managers seek to return as others arrive, after testing Q1
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.

Iowa pension plan seeks high yield manager
Iowa Public Employees Retirement System (IPERS), a $30 billion public pension fund, is searching for one or more firms to manage its high yield portfolio    

Cedar Funding VI's funding costs get chopped as CLO refis gain prominence
Aegon USA Investment Management became the second manager to price a CLO refi in October as the primary market gets off to a fairly slow start this month

Aegon joins July's CLO reset wave
July’s CLO refi and reset wave is in full swing, as managers look to rework their deals in advance of the payment date

US CLO round-up: managers make quick-fire return and numbering systems go out the window
It’s normal practice for managers to number their CLOs sequentially – but this week’s issuances have not paid heed to this practice, creating havoc for Excel spreadsheets and causing those of a scrupulous manner to take a sharp intake of breath

Citi prices US CLOs for Aegon and TICP
Citi priced two US CLOs yesterday, inking a CLO re-issue for TPG Institutional Credit Partners and a new issue deal for Aegon USA Investment Management. Combined, the deals weigh in at just over $1 billion

Control equity position in 2018 CLO goes on the auction block
A 52.88% control equity position in a CLO that closed in February appears on b-wic for sale tomorrow

B-wic round up: investor flips 2018 CLOs without waiting for the closing date
Flipping CLOs is not an unusual trade. But it is when it's done before a transaction has even closed

US CLO round-up: who's going to be first to break 100bp?
US CLO spreads continue to rally and the question on everyone’s lips right now is: “when [not if] will triple As dip below 100 basis points?”

Aegon debuts affordable housing debt fund at $100 million
Aegon US Realty Advisors continues its social impact investing scheme, holding a $100 million close on its affordable housing debt fund 

Global manager's credit opps fund raises more than $15 million
Aegon USA Investment Management has raised $15.25 million for a credit opportunities fund, a regulatory filing reveals

LA pension fund monitors high yield manager Aegon amid SEC investigation
The Los Angeles City Employees Retirement System (Lacers) is currently monitoring its high yield manager Aegon, which is under SEC investigation