US CLO league tables: competition intensifies among dealers
$13.6 billion of new issue paper was produced in May, bringing total new CLO volumes to $52.1 billion for the year. And last month there was plenty of movement in the arranger league tables

CLO b-wic line-up: in-demand GoldenTree CLO returns to secondary market
The double B notes in a recent GoldenTree Loan Management CLO are available in the secondary market today. The low-coupon bond is expected to trade at around 97 cents which would equate to a DM inside recent levels in the primary CLO market 

US CLO round-up: volumes move in sync with 2017, but it could not be more different
$111 billion of CLO isssuance this year compared to $113 billion by this point last year. But new managers, spread movements and no risk retention make it seem like a completely different environment

CLO b-wic line-up: 100% of junior triple As in debut Insight CLO go up for sale
100% of the junior triple As in Insight Investment's first 2.0 CLO, Cutwater 2014-1, is available today with $45 million of the deal’s A1BR tranche currently circulating on a b-wic with price talk in the low 100s

Wellfleet deal breaks records with 2016 CLO refinancing
CLOs of 2016 vintage are looking particularly ripe for refinancing

Past returns: KKR CLO was sign of things to come
Five years ago in Creditflux, we reported on KKR Credit pricing a US CLO that complied with European risk retention rules, in what was believed to be one of the first deals of its kind

65% of distressed managers plan new funds over the next year, survey finds
Distressed debt is proving to be a popular strategy for managers, with 65% intending to launch a distressed strategy in the next 12 months, according to a report by Creditflux’s sister publication Debtwire and law firm Ropes & Gray.     

Massachusetts pension fund invests $75 million with TowerBrook
Mass PRIM) has made a $75 million commitment to New-York based TowerBrook Capital Partners for its second structured opportunities fund, according to 15 May board documentation

CLO b-wic line-up: 5% CLO stakes go up for sale
With US CLO risk retention a thing of the past the door has opened for managers to offload their vertical strips

B-wic round-up: above par bids flood in for CLO double Bs
$401.43 million worth of CLO paper was available via b-wics last week out of which $378.23 million (94.2%) traded, according to CLO-i

CLO b-wic line-up: price talk circulates on CVC CLO control block
The control equity position in CVC Credit Partners’ 28 days-old reset, CVC Cordatus Loan Fund VI, is available in the secondary market today

Ares emerges as favourite to take over troubled direct lending fund
Following Oaktree’s wind-down request, the board of the Ranger Direct Lending Fund has chosen Ares as replacement manager - moves which could see the fund change its focus from peer-to-peer loan investments to asset-backed loans

CLO b-wic line-up: Carlson CLO equity available with non-call due to expire
$48.82 million of US CLO paper is available in the secondary market today through b-wics, according to CLO-i

New York manager prices second deal of the year via Credit Suisse
The manager issued its second CLO of the year yesterday via Credit Suisse, according to market sources

MJX prices its fifth CLO transaction of the year
MJX Asset Management issued a short-dated CLO reset yesterday, which is its sixth transaction in the CLO market this year

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

Carlyle prices European CLO in its first new issue deal of the year
Carlyle Group has issued its first new CLO of the year following a €439.35 million transaction

B-wic round up: triple A investor locks in gains after major CLO auction
Senior notes completely dominated the secondary market last week as one investor decided to showcase a $635.54 million selection of triple A notes spanning 13 CLOs

Ares switches to C-Corp structure as it announces "record year" in earnings release
Ares has announced a change to its corporate tax status in an earnings release that described 2017 as “a record year” for the firm

Blackstone's credit AUM up 48% YoY as firm announces "exceptional" results
The firm's credit business enjoyed composite gross returns of 11.2% for performing credit and 7.7% for distressed strategies in 2017

US pensions look beyond equities
US pension funds dramatically lowered their allocations to equity in the decade ending in 2016 as they diversified into illiquid and alternative assets. By Grace Jennings-Edquist

Goldman's monthly CLO volumes pass $2.5 billion following latest reset
Goldman Sach's impressive start to its 2018 CLO activity continues as the bank has priced a $517 million reset deal

Alcentra prices US CLO triple As at 112bp following reset
The manager has priced its first CLO transaction of 2018 via MUFG

US league tables: CBAM tops US CLO rankings after meteoric rise
Just over a year ago, New York-based CBAM Partners commenced operations amid much fanfare. Fast forward 12 months and the asset manager has delivered on its promise, with Creditflux data showing that the firm was the largest CLO issuer of 2017

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017