Investors rush to hedge Russia as barrage of threats tee up nervous weekend
The prospect of a flare-up between Russia and Ukraine has left credit spreads back at their recent wide levels going into the weekend, with European investment grade credit particularly feeling the heat following 'false flag' headlines on Friday

Crescent raises $6 billion for US direct lending strategy
Crescent Capital Group has closed its third US direct lending fund, Crescent Direct Lending Fund III, with $6 billion of investable capital 

Credit fund rout extends as storm winds buffet from all sides
Another choppy week for financial markets has extended the run of fund outflows, with investors fleeing from all parts of credit and even equity suffering a drop, with government bonds gaining traction

US banks' exposure to triple A-rated CLO paper climbs 84%
US banks held $170 billion of CLO paper at the end of 2021 – a massive increase of $72 billion from the end of 2020, according to Bank of America research

Napier Park prints triple As at 132bp in new US CLO
Napier Park Global issued its first CLO of the year on Thursd

French airline flies against flock on pandemic repayment plans
Air France is a standout improver on Thursday against a backdrop of broad deterioration in single name credit spreads

Blue Owl reaches agreement to buy CLO manager Wellfleet
Blue Owl Capital, owner of Owl Rock Capital Partners a mid market CLO manager, has reached an agreement to buy Wellfleet Credit Partners from Littlejohn & Co

Trinitas resets 2019 CLO in line with recent new issues
Trinitas Capital Management on Tuesday reset its 2019 CLO, Trinitas X via BNP Paribas, according to market sources

Aegon scores tight print with first new issue US CLO of 2022
Aegon USA Investment Management made a return to the new issue US CLO market on Wednesday, according to sources

Man names co-heads for new SRT business
Man Group has appointed two Elanus Capital officials as co-heads of its new credit risk sharing strategy, which will sit in its $3.5 billion private market business

LCM tightens triple As on 2017 CLO with partial refi via Morgan Stanley
LCM Asset Management has partially refinanced a 2017 vintage CLO, cutting the cost of its triple A tranche

Scramble to cover shorts extends rally, but analysts stub out tobacco
European outperformance of US credit is picking up despite the UK posting record inflation numbers, as optimism on Ukraine combines with the wrong-footing of investors that had positioned extremely bearishly

Want an upsize with that reset?: Golub follows Ivy Hill with mid market CLO
Golub Capital made it two mid market CLO resets in two days by reworking its 2016 CLO, Golub 30 (M)-R, and upsizing the deal by $196.4 million from the original size

Post gets an A+ on US CLO assignment
Post Advisory Group has drastically reduced the gap between its CLO issuances after pricing its third US deal via JP Morgan. In the process the manager has scored a rare high single A rating on its class C notes

Europe drives relief rally after Russia signals troop withdrawal
European financial market volatility has brought another reversal of relative value dynamics versus the US, with Russia/Ukraine developments extending their sway

BlueBay opens up with first public US CLO
BlueBay Asset Management has made the breakthrough with its first ‘public’ US CLO with Barclays pricing BBAM US CLO I

Ivy Hill resets 2014 mid market CLO and upsizes by $140 million
Ivy Hill Asset Management reset Ivy Hill MM IX-R via Natixis on Monday, upsizing the 2014 CLO by $139.8 million including $33 million of fresh equity capital

European panic over Ukraine pushes market to new wides
European underperformance of US credit has resumed at the start of the week, with the market waking up on Monday morning to another sharp sell off. But the lengthening downturn has some believing spreads have overshot, while others insist worse is to follow

Anchorage Capital brings new $406 million CLO via JP Morgan
Anchorage Capital has teamed up with JP Morgan to print its first new CLO of the year, naming the deal Anchorage Capital CLO 25

CSAM pairs with Natixis for first time with tight US CLO
Credit Suisse Asset Management priced one of the tightest new US CLOs of the year on Friday, with its new deal, named Madison Park Funding LIII

PennantPark prints mid market CLO with triple As at 170bp
PennantPark Investment Advisers on Friday priced its first middle market CLO of 2022

Rockford Tower turns to CBOs in first deal of year
Rockford Tower Capital Management made the transition from regular-way CLOs into bond-heavy deals by pricing its debut transaction on Thursday

Park Avenue prints first new CLO in over six months
Park Avenue Institutional Advisers on Friday priced its first new CLO in over six months