Boutique asset management firm partners with Australian credit fund manager
A new global credit fund will focus on long-only credit opportunities with the intent of capitalizing on inefficiencies in the credit cycle

Aristotle boosts credit business with Pacific AM acquisition
Pacific Life Insurance Company has agreed to sell its credit asset manager – Pacific Asset Management – to Aristotle Capital Management

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Daily new US CLO volume tops $2 billion for first time since September
New CLOs from DoubleLine Capital and Pacific Asset Management priced on Tuesday to bring the new issue CLO volume for the day over $2 billion for the first time since September

US CLO manager returns to primary market with first new issue in 18 months
Pacific Asset Management teamed up with Credit Suisse on Monday to print its first new issue CLO since January 2020

US CLO league tables: CLOs put on extra weight in February
Deal sizes increase as demand soars

Pacific returns to CLO primary with tightest three-year reset
Pacific Asset Management priced its first CLO primary market transaction in over 12 months on Friday, teaming up with Natixis to reset its debut deal, Trestles CLO 2017-1

Trading places: it can pay to bet on the little guy
It’s assumed investors know how good a CLO manager is by the rate at which they trade their way through a crisis. But this time fi ve small, nimble managers are outperforming the market

It’s all going to plan
Whether managers are relaxed because they can make up losses later, or are putting more money into their deals, panellists on the Creditflux West webinar weren’t panicking about OC breaches

Bond buckets and greater flexibility: CLO market prepares for '3.0' era
3.0 CLOs are likely to see structural tweaks that give managers more flexibility in their investments, according to panelists on the Creditflux West webinar, which was held yesterday

Loomis Sayles loses out as US pension shifts to higher-quality credit
Dallas Police and Fire Pension System is liquidating a loan portfolio managed by Loomis Sayles, as it reallocates assets away from high yield towards investment grade

Brigade set to price new US CLO today with triple As subject at 135bp
At a time when spreads are contracting, the senior triple As in Brigade Capital Management's upcoming CLO are subject at 135 basis points, some 5bp wide of the market average in 2020

Licence and registration: loan spreads get speeding ticket as CLOs play catch-up
The sharp rally in corporate credit means that CLO spreads are going to have to rapidly follow suit with investors informing Creditflux that US CLO triple As should be pricing at 105-107 basis points to make deal economics work. 

CLO triple As drop to 128bp as TICP prices
US CLO triple A spreads have jumped tighter with TPG Instiutional Credit Partners pricing senior CLO liabilities at 128 basis points yesterday

Pacific AM prices first new US CLO in 18 months
Pacific Asset Management has sailed back into the CLO primary market with its first new issue deal since May 2018, becoming the first CLO manager to issue a five-year reinvestment CLO in 2020

CLO pipeline: no rest for the wicked as new issues hit the market
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast 

Pacific Advisors receives $220 million inflows for credit fund
California-headquartered Pacific Advisors has raised at least $220 million for its second private credit offering

Manager prices its second US CLO with triple As at 109bp
A US CLO manager has achieved low financing costs on just its second transaction

Pacific Life rebrands asset management division and appoints CEO
Pacific Life has announced the rebrand of its asset management business to Pacific Global Asset Management and has appointed Kevin Byrne as chief executive officer

Pacific Asset Management COO resurfaces at UK manager
A new chief operating officer has joined a UK subsidiary of independent asset manager Hedge Invest SGR

Insurance-affiliated credit manager hires Natixis for its debut US CLO
The CLO market is about to welcome a new manager, which is putting together an unusual loan portfolio for its debut deal

Pacific leads rivals in race for pension fund's $130 million loan mandate
Three managers have emerged as the leading contenders for a $130 million mandate to manage loans on behalf of a pension fund, which is embarking on a large-scale push into credit