Key theme for 2026 will be growth in the loan market – Eagle Point founder Tom Majewski

Growth in the loan market will be an important market driver this year, the founder of Eagle Point Credit Management says on the latest episode of Credit Exchange with Lisa Lee; also shares Eagle Point ressearch that shows LMEs at 2% per year on top of default rates

New loan shop Mountain Point eyes move into the CLO market
EXCLUSIVE: The manager, which launched last week with a focus on broadly syndicated loans in partnership with Eagle Point, is considering opportunities in the CLO market.

Eagle Point and Apple Bank strike equipment finance JV
The new platform will offer bespoke financing options to companies with limited access to traditional bank lending programs

Eagle Point adds head of CLO issuance and originations
The CLO equity investor promoted principal Daniel Wohlberg to the new position

Eagle Point hires head of client and partner solutions for Japan
Ken Yamashita most recently worked at Morgan Stanley Investment Management

Trinity Capital partners with Eagle Point to launch new credit fund
Venture debt specialist Trinity Capital and CLO equity investment firm Eagle Point Credit have launched a new credit fund intended to become a private BDC

A reset can position a CLO for the drawdowns that follow a bull market
Extending a CLO’s reinvestment period is usually the best option — but timing is important

Triple As could widen rapidly if CLO ETF managers see large outflows
CLO ETFs are likely to grow rapidly, bringing increased volatility to the CLO market

We understand why the NAIC is open to a new framework
The NAIC is right to tread carefully as it looks to protect its members from ratings arbitrage

The markets are supporting high reset and refi volumes —but sometimes calls are a better option
Broadly syndicated loans and CLOs kicked off 2024 with a nice rally. As a result, we are seeing a resurgence of majority CLO equity holders exercising their rights to refinance, reset, or even call their CLOs. 

Private credit funds are more stable, lower levered and more regulated than you might think
The private credit market’s steady and impressive growth has caused some pundits to voice concerns about an eventual bubble. While we expect there to be more dispersion in private credit funds’ performance in the coming years, we don’t see signs that a bubble is about to burst.

Basel III looks likely to further increase banks investment in CLO triple As
Demand for CLO triple As has grown substantially over the past few years as more banking institutions, pension funds, asset managers and insurance companies discover this attractive asset class, which historically has never taken a loss.

Borrowers are finding creative ways to address loan maturities
Amend and extends have been the loan market’s flavour of the year. At the same time, many CLO reinvestment periods are reaching their end because the reset market is virtually closed. 

For the vast majority of managers, CLO AUM is akin to a melting ice cube
The past two years saw some of the largest ever CLO collateral manager acquisitions. We don’t expect this to ultimately lower the number of CLO collateral managers active in the market — each year brings new entrants — but it does create complications for investors in CLOs issued by both the acquired and the acquirer. 

The Last Tranche with Eagle Point's Ko: We haven't made a primary CLO equity investment in nine months
In this episode of The Last Tranche, Dan Ko, principal and portfolio manager at Eagle Point Credit Management, discusses the relative value opportunity in the CLO market

" CLOs do not introduce more credit risk, nor do they offer less liquidity, than comparable products"
The pressure facing some banks is self-inflicted. Their portfolios lack exposure to CLOs

Eagle Point announces numerous promotions including senior CLO officials
Eagle Point Credit Management has promoted five employees to senior principal and a further 16 employees to principal, the firm has announced

CLO market observes SVB collapse with trepidation
CLO market participants observed the fallout from the collapse of Silicon Valley Bank with trepidation on Monday as fears over contagion in other parts of the financial landscape remained heighened

CLO equity investors join forces to take on lowly loan CSAs
Private equity firms have held the upper-hand against US loan investors in the past few months, but the largest CLO equity investors in the business are working together to redress the imbalance between PE sponsors and creditors

"Some CLO managers are asleep at the wheel and surrendering economics without any objection"
Some CLO managers aren’t blocking loan amendments with insufficient credit spread adjustments  

Loan managers must act to prevent CSA leakage, say CLO investors
CLO investors have made clear that managers need to stay on top of US loan amendments that are switching benchmark from Libor to Sofr

CLO managers get dusters out for ‘clean-up’ issuance
As leveraged loan prices recovered some of their value through November, a number of CLO issuers took the opportunity to term out underwater warehouses

"With tools and data available, why do fake sellers need to abuse the b-wic process for price discovery?"
Penalties for CLO b-wic sellers who routinely do not trade would improve the secondary CLO market

Banks are motivated sellers of loans and CLOs can benefit, says Eagle Point
Banks offloading loans long held on their balance sheets are providing CLOs with the opportunity to pickup primary market assets at deeply discounted prices, Tom Majewski, managing partner at Eagle Point Credit Management said on a company earnings call on Tuesday

"CLOs could withstand another 13.4% of downgrades to triple C if the price drops to 50"
CLOs are well positioned, even if there are mass downgrades to triple C