B-wic round-up: secondary CLO market is looking more and more like new issue
2017 and 2018 CLOs flooded the secondary market last week, with bonds referencing Ares Management, LCM Asset Management and Napier Park Global Capital going on sale

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

Antares and Crescent win as Texas pension fund commits to direct lending
The sky is the limit for direct lenders, with Texas County and District Retirement System committing $253 million to that market

BNP Paribas bolsters its CLO origination team in New York
A CLO specialist has left the buy side in order to join BNP Paribas' credit structuring group in New York

Crescent prices $427.83 million short-term CLO reset
The manager priced its fifth transaction in the US CLO market this year yesterday

West coast manager raises $600 million for upcoming direct lending fund
Los Angeles-based Crescent Capital has launched a new direct lending product known as Crescent Direct Lending Fund II, which comes in both levered and unlevered forms and appears to have a $1 billion fundraising target

BNY Mellon takes on AMR agent role for first-of-its-kind CLO
BNY Mellon’s involvement in a first-of-its-kind CLO has been revealed with the firm announcing that it will act as AMR (applicable margin reset) agent on Atlas Senior Loan Fund VIII

Crescent joins list of US CLO managers to price triple As below 100bp
The deal sees $434.1 million of the senior debt notes refinanced, with the spread on the triple-A rated notes falling to 98 basis points over Libor

US manager follows CLO's refi with reset after seven months
Latest reset deal follows the refinancing of senior tanches in October 2016

MUFG and Crescent bring automated refi mechanism to CLO market
Mitsubishi UFJ Securities priced a first-of-its-kind US CLO late on Friday with the bank embedding the much talked about applicable margin reset (AMR) option into a deal managed by Crescent Capital

Fundraising specialist joins Antares in Chicago
Antares Capital has announced that Greg Lawton has joined its team as a managing director in a capital-raising role

Texas pension fund stocks up on direct lending with $675 million allocation
A US pension fund is clearly a big fan of direct lending strategies having hired two managers. It has now committed $1.2 billion to direct lenders this year

Marketing specialist joins Los Angeles manager after 10 years at PineBridge
Market sources say that an experienced business development official has left PineBridge for another Los Angeles-based manager

Coupons wane as triple As price at 125bp in Crescent CLO refi
'Crescent refis' have been a popular tactic for CLO managers. Yesterday, the firm after which the term was named printed its own Crescent refi

Credit manager earns support for BDC as pension fund commits $100 million
A Texas pension fund is backing a credit firm once again with a direct lending mandate

Morgan Stanley wraps up October with an extra $1 billion in CLO issuance
Morgan Stanley’s CLO arranging team had a busy end to the month, pricing two CLOs yesterday for a total of $1 billion

Barclays refis manager's 2014 CLO as business picks up in primary
Barclays completed a refi of a 2014 US CLO in what goes down as one of the busiest days ever in the CLO market 

Texas pension fund awards $25 million to its star direct lending manager
The (crescent) moon and (lone) star allign as Texas pension fund awards credit manager with follow-on capital for direct lending 

Direct lender Crescent aims to launch its first BDC
Crescent Capital is aiming to become the latest credit manager to launch a business development company, according to documents seen by Creditflux

Structured fund allocates to Crescent's European mid-market venture
Crescent Capital's new middle-market European loan fund has received a €7.5 million allocation from a large structured credit investment vehicle

Barclays prices US CLO after $53 million upsize
Barclays has made a giant stride into the CLO space