Sinking Euribor floor brings CLO relative value into play
The collapse in the value of the Euribor floor over recent weeks, which reflects inflationary pressures, may lead to global CLO investors favouring US CLO paper on a relative value basis

Euro CLO triple As to tighten as new investors enter
CLO market participants anticipate European CLO triple As will grind tighter over the coming weeks as new buyers gobble up paper.

Muzinich secures "substantial equity commitment" for new CLO platform
Muzinich’s CLO ambitions – reported by Creditflux late on Wednesday – are being supported by equity capital, both internally and through investors

Hayfin creates head of ESG role in London
Hayfin Capital Management says it has hired a head of ESG. This is a newly-created role, but Hayfin says it has “well-established environmental, social and governance capabilities”

Birch Grove increases CLO issuance pace with second new deal in three months
Birch Grove Capital has accellerated its CLO issuance after teaming up with Goldman Sachs on its third deal, named Birch Grove CLO 3

Wellfleet issues largest CLO in over three years
Wellfleet Credit Partners has paired with Credit Suisse to print its largest CLO since September 2018

Muzinch hires ex-Ostrum official to launch US and European CLO platform
Muzinich has hired an ex-head of global performing credit at Bardin Hill as a portfolio manager to launch a global CLO platform,

The Last Tranche with New Mountain's Moshiri: New CLO managers may increase risk if they do not have stable equity capital
In this episode of the Last Tranche, New Mountain Capital's Cyrus Moshiri discusses the process of new firms entering into CLO management. Moshiri discusses whether an increase in new managers or consolidation is more likely, and how investors can analyse opportunities presented by upstart platforms

BNP Paribas AM cuts CLO tranche costs throughout structure with refi
=BNP Paribas Asset Management has refinanced a 2019 Euro CLO, arranged via its banking arm, with tightening across all tranches

Refi deluge casts shadow on b-wics

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

Irradiant prints second new US CLO under new branding
The deal takes Irradiant’s CLO volume for 2021 to $2.7 billion

Vibrant follows CLO investments hire with new addition in business development
Vibrant Capital Partners has hired Zachary Radler as a director in its business development team for North America

CVC prices US CLO tight with 159.08bp cost of debt
CVC Credit Partners has priced a new CLO paying just 159.08 basis points weighted across the capital stack

ICG resets European CLO for third time
Intermediate Capital Group has reset a 2013 European CLO transaction, having initially reset it in 2017, reissued in 2018 and reset the deal in 2018

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Lazard in talks to buy Brigade: Bloomberg
Lazard is reportedly in advanced talks to buy credit hedge fund Brigade Capital Management

Alcentra appoints liquid credit PM as head of responsible investing
Alcentra has built out a dedicated responsible investing team and has appointed its liquid credit portfolio manager to the newly created role of head of responsible investing

Bennett Goodman's Hunter Point buys stake in MidOcean
Hunter Point, which was launched by Blackstone Credit’s co-founder Bennett Goodman alongside Avi Kalichstein in 2020, has made its first investment and bought a minority stake in mid-market specialist MidOcean

Euro CLO triple A benchmark drops to 94bp as CVC edges to top spot
The benchmark for European CLO triple As has dropped further with levels tightening to 94 basis points over Euribor on CVC’s latest new issue

Vibrant prints fourth CLO in space of one year for first time
Vibrant Capital Partners priced its fourth CLO of 2021 on Friday, bringing its issuance volume for the year to $1.8 billion, making it a record year for the firm

CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion

Voya takes 2021 Euro CLO volume past €1 billion as it injects equity in 2020 reset
Voya Investment Management has taken its European CLO volume to just over €1 billion, pairing with Goldman Sachs to reset its 2020 vintage deal Voya Euro CLO IV

Angelo Gordon prints second Euro CLO new issue of the year
Angelo Gordon has priced its latest new issue European CLO, Northwoods Capital Europe 24 via Citi

CLO partner rejoins Dechert in New York
Law firm Dechert has appointed a partner in its CLO practice in New York