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Market participants split over biggest risk to CLOs: Creditflux US CLO Summit
2 years ago
There are potential threats to the CLO market from all angles, but during a lively opening panel at Creditflux’s US CLO Summit on Tuesday – the first CLO conference to be held in New York since the pandemic – speakers responded to a poll showing 67% of audience members felt inflation/rising interest rates was the biggest hazard -
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 -
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 -
Fund performance: Wasserstein's early 2021 performance drives it to the top
2 years ago
The final top 10 of 2021 featured a variety of funds as five different strategies were ranked among the best. US high yield was the most highly represented with two BlackRock funds and an Angel Oak in the top 10 -
US pensions assign $1.5 billion to 16 credit managers in December
2 years ago
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux -
Marathon sees value in Sofr CLO tranche over fixed-rate option
2 years ago
Marathon Asset Management stole a march on other CLO issuers by including a Sofr tranche as part of a new issue transaction on 10 November via Bank of America. Officials at the company say the Sofr tranche makes a compelling alternative to a fixed-rate tranche -
Market ponders Sofr spread adjustment amid investor lag
2 years ago
The CLO market is waving goodbye to Libor as a benchmark rate and transitioning to alternatives for the first time in the history of the asset class. But there is no consensus as to what the Sofr spread adjustment should be, and some of the largest buyers are said to be slow to consider the impact of a benchmark transition -
Sofr/Libor CLO basis rises to 20bp as Marathon prints double As with alternative benchmark
2 years ago
Bank of America has inked the second Sofr CLO tranche as part of a $429.6 million new issue deal for Marathon Asset Management -
Credit funds at a glance (July 2021)
2 years ago
A round up of fundraising and people moves in credit -
Marathon targets $300 million for inaugural healthcare credit fund
2 years ago
Marathon Asset Management is targeting $300 million for a credit fund focused solely on healthcare loans -
Credit funds at a glance (May 2021)
2 years ago
A round up of fundraising and people moves in credit -
Four managers win lucrative $700 million credit mandate
3 years ago
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers -
Marathon prints $407.2 million CLO via Citi
3 years ago
Marathon Asset Management teamed up with Citi on Tuesday to print a $407.2 million new issue CLO -
AlbaCore adds distressed hire among raft of new arrivals
3 years ago
AlbaCore Capital Group has added four hires to its investment team in recent weeks, taking its total headcount to 46 -
Credit fundraising: January proves anything but dry for manager inflows
3 years ago
After a tough and unpredictable year, January may have been seen by many as an opportunity for a fresh start. But for seven managers it meant holding final closes on funds, while three undertook first closes and one a fund launch -
AMMC and Marathon refinance CLOs due to leave reinvestment in April
3 years ago
Another $800 million of CLO refi paper has been absorbed by the market after American Money Management Corporation and Marathon Asset Management cut financing costs for CLOs set to leave reinvestment in April -
Marathon secures $900 million for asset-based lending fund
3 years ago
The New York-based manager will invest in asset-based loans across the healthcare, real estate, equipment and transportation and corporate sectors -
Marathon holds $2.5 billion final close on distressed debt fund
3 years ago
The fund will invest in a wide range of capital solutions aimed at allowing companies to grow or reposition their businesses, including stressed and distressed companies in transition -
Marathon's distressed debt fund reaches $1.2 billion AUM
3 years ago
Marathon Asset Management has increased assets under management in its distressed debt fund, Marathon Distressed Credit Fund, to at least $1.2 billion -
LP round up: pensions plan private credit pacing as strategic credit takes on "midfield" role
3 years ago
US pensions have allocated $1.4 billion across 22 credit funds including those managed by Angelo Gordon, Ares and GoldenTree, according to recent board documents seen by Creditflux. Meanwhile a pension fund draws parallels between strategic credit and Jordan Henderson -
LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
3 years ago
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies -
Credit rally slows but structured finance funds gain
3 years ago
Corporate credit spreads levelled off in September, which means that 63% of funds in the Creditflux database have just a single quarter left to make it to positive returns for the calendar year. -
Fund performance: Structured finance finds its footing with credit rally
3 years ago
For the first time this year we have seen a structured finance fund take the top spot, as Serone Key Opportunities Fund leads a multitude of other funds in this category in the top 10 of our monthly fund rankings -
OC health check: CLOs wake up when September ends
3 years ago
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August. -
Marathon prices first new issue CLO of 2020
3 years ago
Marathon Asset Management has completed its first new issue CLO of 2020
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