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LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
1 year ago
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners -
Retailer jumps on PE rumours while markets stay rooted in Jackson Hole
2 years ago
UK supermarket retailer Sainsbury's has been a notable mover in credit this week, as the wider market waits tentatively on Friday's Jackson Hole movement in the US and fund outflows signal nervousness about US Federal Reserve policy and escalating turmoil in Afghanistan -
CLOs cushioned as regulators get more comfortable on Sofr
2 years ago
The quest to find a suitable Libor replacement looks to have taken a big step forward in recent weeks, with hopes rekindled that securitised products such as CLOs and ABS could soon make use of a term Secured Overnight Financing Rate (Sofr) -
Saudi Arabia's PIF becomes latest sovereign wealth fund to target direct lending
3 years ago
Saudi Arabia’s Public Investment Fund has become the latest sovereign wealth fund to enter the direct lending space, anchoring a Shariah compliant private credit fund managed by NBK Capital Partners -
UBP holds €110 million first close on real estate debt fund
3 years ago
Union Bancaire Privée has held a €110 million first close of its latest private debt strategy, UBP Private Debt Fund III -
Single name shorters get improved entry point after conviction test
3 years ago
Returning market optimism has taken credit spreads back to ultra-tight levels. But for bears, this posits a better entry level for short trades, and the recent blow-out may have given strong pointers where to target them -
European credit takes lockdown restrictions in its stride as indices tighten
3 years ago
European credit spreads have held firm this morning despite the re-emergence of lockdown measures with the UK government announcing on Saturday that new restrictions will come into play on 5 November -
Sovereign wealth funds empower direct lenders
3 years ago
Sovereign wealth funds are turning toward the booming private credit market, with three massive partnerships formed this year -
ESG index roll creates long and short opportunities
3 years ago
The first roll of a CDS index screening for environmental, social and governance criteria has opened a less-watched relative value opportunity for investors -
Matalan heads deep into distress
4 years ago
Matalan, the UK retailer, is heading deep into distressed territory with its five-year CDS surging wider today -
Fortunes diverge for widest retailers as Crossover passes 500bp
4 years ago
CDS referencing Hema and Matalan, two of the riskiest constituents of iTraxx Crossover, have moved sharply in different directions amid a broad sell-off of Europe credit that takes the index back above 500bp -
Extreme gap opens for basis traders as relief packages cause distortion
4 years ago
Evidence abounds for how government and central bank interventions in the coronavirus crisis are distorting credit markets, but one clear signal is the flip-around of the basis between corporate bonds and CDS in recent days -
Matalan default risk jumps as market mood dampens
4 years ago
UK retailer Matalan is a big decliner today in bonds and CDS, as positive sentiment ebbs from the credit market after the recent strong rally -
Apollo teams up with Palmira to launch €1 billion joint venture
6 years ago
A new joint venture from Palmira Capital Partners and the Apollo European Principal Finance Fund III seeks to invest more than €1 billion in pan-European modern logistics facilities -
Former Anchorage pair seek investment in two new Diameter funds
6 years ago
Credit start-up Diameter Capital Partners, founded in February by two credit professionals from Anchorage, has opened two new funds to investment -
Dealers open market in 10-year credit options
9 years ago
Trading in options on 10-year CDS indices is starting to take off in Europe -
Credit market snapshot: German data and Fed rumours hits spreads
9 years ago
Disappointing manufacturing data from Germany coupled with Fed speculation pushes spreads out -
Credit market snapshot: Europe tightens ahead of ECB meeting
9 years ago
Credit spreads push tighter in Europe ahead of the European Central Bank's meeting -
Credit market snapshot: financials close the gap in Europe
9 years ago
Credit indices continue to widen but financials outperform in Europe -
Pimco blows cold and hot on Brazilian credit
10 years ago
Pimco turns positive on Brazilian credit again after recently cutting its exposure -
Credit market snapshot: US high yield outperforms as spreads inch out
10 years ago
Spreads barely move on low volumes but US high yield moves in by small margin -
Credit market snapshot: European high yield outperforms on the week
10 years ago
Credit wound tighter on the week with European and US financials outperforming the market -
Credit market snapshot: US high yield outperforms on flat day
11 years ago
Spreads on two US high yield names brought the index in tighter while the rest of the market stayed flat -
Credit market snapshot: European Crossover drives spreads tighter
11 years ago
Spreads continued to grind tighter yesterday with the Markit iTraxx Crossover leading the way -
Credit market snapshot: credit widens as market awaits Bernanke speech
11 years ago
European credit largely flat this morning
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