Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Post Road stamps final close on $300 million opportunistic credit fund
Post Road Group has held a final close on its latest middle-market corporate , Post Road Special Opportunity Fund II, at ‘more than $300 million’

See what's next: Netflix gives whole market a chill
Financial markets look set to end the week once again on a bearish trajectory, with fears over consumer confidence and company earnings helping take credit spreads back to their widest levels since the start of December

Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners

Värde promotes three credit specialists to partner
Värde Partners has promoted Jim Dunbar, Aneek Mamik and Carlos Sanz Esteve to partner

Ukraine and Russia volatility steps up amid political trial and conflict fears
Ukrainian and Russian spreads are among the market's biggest movers at the start of the week, as developing tensions between the two countries ramp up another notch and former Ukrainian president Petro Poroshenko has arrived in Kyiv to face treason charges

Blackstone secures $8.75 billion for lending fund
Blackstone Credit has collected $8.75 billion on the final close of its latest credit opportunities fund, Blackstone Capital Opportunities Fund IV, above its $7.5 billion target

Riskiest names lead US credit rally as big number looms
US companies at the wider end of the high yield market have led the market's repositioning rally ahead of Wednesday's key inflation numbers, as investors brace for what could be a directional signal for Federal Reserve policy

GSO co-founders reunite as Hunter Point buys minority stake in Iron Park
Two of the three GSO Capital Partners co-founders Bennett Goodman and Tripp Smith have been reunited with Goodman’s Hunter Point Capital buying a minority stake in Smith’s Iron Park Capital

Caution returns to credit trading following tech sector rout
After a strong Tuesday session, financial markets are taking a more cautious step back on Wednesday amid returning inflation concerns and following a weak session for Chinese tech stocks

BC closes $1.2 billion second special opportunities fund 12 months’ incubation
BCP Special Opportunities Fund II has collected $1.2 billion in capital commitments - but a year later than it originally earmarked a final close

A fresh approach to loss distribution
Considering how cash balances change over time, loss distribution models can look very different to conventional thinking. So is your CLO’s pricing based on incorrect assumptions?  

Credit takes confidence from central banks turning hawkish
In a remarkable twist on the previous narrative, credit markets have reacted positively to a hawkish turn in central bank policy even as daily covid cases surge to new heights

Credit hedge funds (January 2022)
Credit hedge fund returns

Credit funds at a glance (January 2022)
A round up of fundraising and people moves in credit

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021

LP round up: CLO fund included in whopping $13 billion of credit allocations in November
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund 

Global credit spreads trade out of time amid omicron whipsaw
The sharply oscillating action in credit spreads is evident for a fifth day straight on Thursday, but the timing of market reactions is taking US and European daily performance out of sync

US extends broad hit on credit but German resi giant faces personal dramas
Travel related companies are among those hit hardest in credit as the Tuesday sell off deepens with the US trading session, but investors in German real estate company Adler have endured a torrid day as they digest its third quarter results

Traders hunt for Monday bargains in Black Friday debris
The turmoil of Black Friday has given way to a counter-wise move on Monday, with financial markets latching onto scraps of hope over the weekend following the panic of a newly discovered covid-19 variant

US travel, energy and retail credits take big hit as variant rout extends
The widening trend in credit is extending as the weekend approaches, with US spreads picking up the baton from Europe's earlier surge

Oaktree raises largest ever fund with $15.9 billion for "opportunistic credit" strategy
Oaktree Capital Management has closed its largest ever fund, collecting a whopping $15.9 billion on its latest opportunistic credit strategy, Oaktree Opportunities Fund XI

HPS among winners as Texas pension reveals $725 million allocation to credit
Texas County District & Retirement System has revealed over $700 million in allocations to credit funds it made in October and November - including $400 million to a HPS managed account

HPS targets $9.5 billion for fifth mezzanine debt fund
HPS Investment Partners is targeting $9.5 billion for its fifth global mezzanine debt fund, HPS Strategic Investment Partners V - but unlike earlier vintages, HPS says it will not target opportunities within the upstream energy space

Fund performance: Dominant CLO funds look to end the year with 20%-plus gains
Once again the Creditflux hedge fund top 10 is dominated by CLO funds, with seven funds among the best performers in September.