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Distress rises in US CLO double Bs — but most have been in trouble for years
13 days ago
Despite the limited impact of the Altice debacle on the European market (as explored in our cover story), stress is building in some older US CLOs. The robustness of the CLO 2.0 structure has carried the market through a variety of crises, but now a number of junior tranches in US BSL CLOs are either defaulted or impaired. -
Sculptor launches CLO captive equity platform
14 days ago
Sculptor Capital Management launched its new CLO captive equity platform today, anchored by a commitment from Rithm Capital -
CLO managers laud market’s shift away from direct lending
1 month ago
This year’s annual SFVegas shindig had a record 8,900 registered delegates, and every CLO panel included a discussion of two key themes, including the highly publicised fight between the broadly syndicated loan space and private credit lenders. -
Santander continues push into CLO structuring with new refi
2 months ago
Sculptor Capital Management last week priced its first deal of 2024, continuing Santander's rapid growth as an arranger, coming just days after its first lead arranger credit on Z Capital Credit Partners BSL CLO 2024-1 -
Former Zais CLO portfolio manager joins Sancus
1 year ago
Sancus Capital Management has hired a CLO business development head and portfolio manager from Zais Group -
Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
1 year ago
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion -
Experienced CLO investor parts ways with bank treasury desk
1 year ago
A senior triple A CLO investor has parted ways with a treasury desk ahead of a move to another financial institution -
Plenty more US CLOs in the CCC as buckets pass 5%, finds S&P
1 year ago
US CLO triple C baskets have nudged to 5.02% in November from 4.4% the prior month -
Founder of Alcentra's structured credit business to step down as PM
1 year ago
A long-time CLO tranche investor is set to move away from day-to-day portfolio management duties and take on a new role as senior advisor -
RBC CLO structuring head set to return to old stomping ground
1 year ago
Royal Bank of Canada’s head of CLO structuring is poised to rejoin a former employer, ending his stay at RBC after just a year -
Antares hires bank's US CLO structuring head
1 year ago
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month -
Redding Ridge wins four as CSAM retains CLO manager of the year crown
1 year ago
Credit Suisse Asset Management cemented its position as the most successful CLO manager at the Creditflux awards on Tuesday night in London's Landmark Hotel. The biggest CLO awards ceremony ever hosted by Creditflux was hosted by Krishnan Guru-Murthy in front of an audience of 360 people. -
NatWest keeps up momentum in US mid-market CLOs with role on MidCap new issue
1 year ago
NatWest Markets has scored another US CLO new issue arranging credit after teaming with Natixis and Apollo Global on Apollo-affiliate MidCap Financial's latest middle market transaction -
US CLO structuring head to leave Credit Suisse
2 years ago
Credit Suisse’s head of US CLO structuring is understood to be leaving the bank after nearly 10 years -
Marathon changes pace with rival's head of US CLOs set to join
2 years ago
Marathon is bringing in a senior portfolio manager from another CLO issuer -
Three US CLOs join growing list of deals to default
2 years ago
Another three US CLOs have the ignominy of having their tranches downgraded to D, taking the total list of 2.0 CLOs to default to eight. Before August 2021, 2.0 CLOs had a clean record according to S&P ratings -
III promotes CLO head to partner
2 years ago
III Capital Management, the investment manager arm of AVM, has promoted its head of CLOs to partner -
Marathon promotes CLO specialist to managing director
2 years ago
Marathon Asset Management has a promoted CLO specialist to managing director, in a role which encompasses the management of all non-credit elements of the firm’s CLO business -
Franklin makes it back to CLOs as parent company looks to issue through two channels
2 years ago
Franklin Advisers has made a return to CLO management after 10 years in a deal arranged by JP Morgan -
WhiteStar to absorb MacKay Shields' European CLO platform
2 years ago
WhiteStar Asset Management has swooped for MacKay Shields’ European CLO business, ending weeks of speculation over the latter’s CLO ambitions and confirming WhiteStar's status as a rising star -
It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
2 years ago
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels -
CLO resets drive equity returns to highest in five years: JP Morgan
2 years ago
Equity investors in US CLOs are earning, on average, the biggest returns of the past five years, finds JP Morgan – with deals reset this year having done most to raise the numbers -
Sycamore Tree starts with clean slate as it markets debut CLO via Citi
2 years ago
Sycamore Tree Capital Partners is marketing its inaugural CLO via Citi -
Livermore gives Peace a chance with anchor role in Blackstone deal and plans more CLO investments
2 years ago
CLO equity investor Livermore Investments Group reveals it was the anchor investor in a recent $650 million US deal -
US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
2 years ago
Never in 1,000 years would the critics have expected this
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