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Two control CLO equity positions go up for sale on b-wics
7 years ago
Control equity positions in Cent CLO 23 and Longfellow Place CLO are in for the bid today and tomorrow -
Prophet stuns CLO’s investors as it seeks redemption ahead of time
7 years ago
Control equity investor shocks the market by calling a CLO which still has two years of its reinvestment period to run -
Minority vote could clinch CLO redemptions under new proposals
8 years ago
CLO equity buyers are looking into a proposal that would let them keep control of call rights despite owning less than 50% of a CLO's equity -
Control CLO equity fails to trade in secondary despite low 70 bids
8 years ago
A majority equity stake in Steele Creek CLO 2014-1 was available in the secondary market yesterday and sources say that while bids in the low 70s were being made, the position failed to trade -
Control equity investor seeks bids for 2014-vintage CLO
8 years ago
The CDO secondary market is bursting back into life with nine b-wics scheduled for tomorrow. One notable auction taking place sees control equity in Steele Creek CLO 2014-1 go under the hammer -
Investors eye management fees ahead of control CLO equity b-wic
8 years ago
Bids are due on Thursday for a control CLO equity position and sources say that investors are being given an added incentive to participate in the b-wic. -
Fund manager eyes more CLO investments after splashing out $155 million
8 years ago
A fund manager spent $155 million on CLOs in the second quarter and has the fire power to make even more equity tranche investments -
CLO manager joins Prospect's approved list after secondary market trade
8 years ago
Prospect Capital has been active in the secondary CLO market after purchasing control of a 2014 deal overseen by a boutique CLO manager -
$77 million control CLO equity b-wic circulates amid rumours of BDC seller
8 years ago
The majority equity position in a 2014 CLO overseen by Ares Management is up for grabs today as part of a $77 million b-wic today, according to trader sources. -
Majority CLO equity blocks fail to trade but holder trims its exposure
9 years ago
Control CLO equity investors have been heading to the secondary market this week with sources revealing that two majority CLO equity positions were in for the bid yesterday -
BDC sells four control CLO positions and takes losses
9 years ago
A BDC has been a big seller of controlling CLO equity in recent months and regulatory filings show that in disposing of certain CLOs, the business development company has realised losses. -
Babson CLO trades show the value of an extra year of reinvestment
9 years ago
The value to equity investors of constructing CLOs with longer reinvestment periods was illustrated as a couple of 2012 Babson CLOs traded in the secondary market yesterday -
Control of CIFC CLO with extended non-call goes under the hammer
9 years ago
Control of CIFC Funding 2012-1 is on the line today with market sources reporting that $26 million of the CLO's equity is on a b-wic with bids due by 10am New York time -
Tetragon steers clear of third-party CLO managers as arb shrinks
9 years ago
Control CLO equity buyer Tetragon was largely absent from the CLO new issue market during the third quarter, but maintains its support for its loan manager -
Control equity investor adds to its collection of tightly priced 2.0 CLOs
9 years ago
A CLO fund has purchased the control equity in a Babson deal with a claim to being the tightest 2.0 CLO -
Control CLO equity b-wic points to BDC seller
9 years ago
Majority blocks of 2.0 CLO equity continues to find their way onto the secondary CLO market: first-loss investors in deals managed by Crescent Capital and MidOcean Credit Partners were seeking bids yesterday -
$40 million control positions in legacy CLOs hit the secondary market
9 years ago
Majority equity blocks in two legacy CLOs are available as part of a $40 million b-wic on Wednesday, according to market sources -
Control of 2013 Highbridge CLO trades in secondary market
9 years ago
A $28 million majority stake in the of equity of a CLO managed by Highbridge Principal Strategies went under the hammer yesterday - just a year after the deal priced -
Control investor sells majority stake in illiquid Pimco CLO
9 years ago
A 2007 Pimco CLO made its first secondary market appearance yesterday after a control investor sold its stake -
Anchor equity investor changes tack to sell $153 million of CLOs
9 years ago
A cornerstone CLO equity investor has departed from its usual buy-and-hold strategy to sell $153.1 million of CLOs in the second quarter. -
Control CLO investors look to sell as GoldenTree 2.0 covers at 106
9 years ago
Majority 2.0 CLO equity holders are flocking to the secondary CLO market with control of three recent deals being placed on the auction block yesterday -
Control equity buyer shows no fear of low coupon CLO triple-As
9 years ago
One of the CLO market's key equity buyers has put $160 million into CLOs this year - and shown a willingness to back structures with low coupon triple-A tranches -
Control investor puts another $60 million into CLOs
9 years ago
One of the market's largest CLO equity buyers has backed two of its approved managers -
Control of 2013 GSO CLO changes hands in the secondary market
9 years ago
CLO equity investors turned their attention to the secondary market yesterday with sources reporting that the entire equity block in a GSO-managed CLO went under the hammer -
Majority equity stake in 2.0 MJX CLO changes hands in secondary
9 years ago
A controlling block of equity in MJX Asset Management's Venture XIII CLO changed hands last week - just over a year after the deal priced
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