Private credit isn’t crowded: it’s following the 80/20 rule
With 20% of private credit fundraising dedicated to 80% of financing there is plenty of room for new players

CVC Credit adds to US refi tally, as Morgan Stanley prices new notes
CVC Credit Partners priced what is thought to be its fourth refinancing of a US CLO yesterday, say market sources

Barclays surpasses $1 billion of new issuance this week with dual-compliant CLO
Barclays has priced its second US CLO in three days, according to market sources, surpassing $1 billion in new issuance for the week

Citi launches new Bravo reference portfolio
Citi has launched a new version of its bespoke tranche reference portfolio, according to market sources. 

Manager makes first foray into CLO primary with $490 million refi
Marble Point Credit Management has priced its first deal in the CLO primary market, refinancing one of its recent takeover deals

Investors pile back into US credit longs
US credit is seeing a resurgence in demand with mutual fund and ETF flows on the rise and investors putting on longs in the CDS market

Morgan Stanley kicks off 2017 CLO market with $1 billion in refis
Morgan Stanley officially opened the 2017 CLO primary market on Friday, pricing two refinancings for a total of $1 billion in issuance.

European CLOs fight back to outperform US deals in late rally
European CLO 2.0s have pulled ahead of their US counterparts in the second half of the year

44 US CLO managers emerge as survivors with 2017 risk retention plans
Revealed: from CSAM to Chicago Fundamental, Creditflux reports on the list of elite CLO managers that have a risk retention plan and whether they are going to use an MOA, CMOA, CMV or internal capital 

Pharmaceuticals: Pass the scalpel for ailing Valeant
Struggling drugmaker Valeant needs more than just expensive medicine to survive. It needs rapid surgery.

Bain secures tight print with new dual-compliant US CLO
Bain Capital Credit has priced its second US CLO of the year, according to market sources

CSAM prices $762 million risk retention-compliant US CLO
Credit Suisse Asset Management has priced a new risk retention-compliant US CLO, according to market sources.

Sound Point prices its third CLO of 2016 in $715 million deal
Sound Point Capital Management has priced its third CLO of the year, according to market sources

Credit Suisse edges closer to pricing jumbo CLO for regular client
Credit Suisse is on the verge of pricing a $715 million CLO for a manager for whom it has already arranged two deals in 2016, according to market sources

Standout 1.0 European CLO continues to pay out big to equity
A legacy European CLO managed by GSO Capital Partners has continued its outstanding performance with another 30%-plus annualised payment to equity, according to CLO-i

Apollo scraps single-B tranche in 2012 CLO reset
Apollo Global Management has priced a reset of its 2012 CLO, ALM VII, with a markedly different capital structure to the original transaction

Kingsland redeems CLO for double-digit IRR, according to CLO-i
Kingsland Capital Management’s 2006 CLO, Kingsland III, was redeemed late last month. The CLO, which closed in August 2006, paid off its liabilities on 24 August.

Liquidity returns to CLO equity as b-wic sees all tranches change hands
Traders in the secondary CLO market were treated to a rare sight yesterday, as a 2.0 CLO equity b-wic surfaced and all line items traded.

Investors call time on 2005 vintage 3iDM euro CLO
Equity investors in 3i Debt Management’s 2005 CLO, Harvest II, have voted to call the deal

Citi introduces daily pricing for model bespokes portfolio
Citi has begun providing daily pricing for its unique Bravo bespoke portfolio, according to documents seen by Creditflux.

CLOs set to be poisoned as Peabody's canary goes belly up
In this metaphor, the canary is Peabody's 2022 second lien loan.