Two control CLO equity positions go up for sale on b-wics1 year 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 time1 year 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 proposals2 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 bids2 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 CLO2 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-wic2 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 million2 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 trade2 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 seller2 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 exposure3 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 losses3 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 reinvestment3 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 hammer3 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 shrinks3 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 CLOs3 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 seller3 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 market3 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 market3 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 CLO3 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 CLOs3 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.
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