Redding Ridge goes for three-year reinvestment period in latest CLO
Redding Ridge Asset Management priced a new three-year reinvestment CLO on Wednesday

Landmark new CLOs from Barings and Oak Hill pull triple A spreads to 175bp
Barings and Oak Hill Advisors priced new CLOs on Wednesday, securing the tightest triple A debt spreads since June last year in the process

US CLO pipeline: busy January sets the tone for the year
US CLO new issuance in January has exceeded 2022’s volumes with $6.4 billion priced last month compared to $4.6 billion last year, and the market is showing no signs of slowing down

Octaura's first fully electronic syndicated loans trade

Horizon Kinetics plots fund conversion into CLO ETF
Horizon Kinetics has sought to reorganise its Kinetics Multi-Disciplinary Income Fund into a triple A CLO-focused exchange traded fund,

Senior CLO officials leave Natixis in shock round of resignations
Natixis has been rocked by the departure of four senior members in its CLO and structured credit team

BC Credit targets $1.25 billion for third opportunistic credit fund
BC Partners Credit plans to deploy half the fund in private lending and structured equity opportunities and the other half in specialty lending and dislocated liquid credit deals

Marathon completes first new CLO under rebranded franchise
Marathon Asset Management priced the first CLO after a rebranding designed to reflect a change in portfolio management team at the firm

Palmer Square brings 2023's first new static CLO
Palmer Square Capital Management became the first CLO manager of the year to print a static transaction on Monday

US private credit default rate rose to 2.06% in Q4, Proskauer reveals
That’s up from 1.56% in Q3 and reverses the trend of declining default rates from the 8.1% peak in Q2 2020.

Generate prints first new CLO for six months
Generate Advisors, the CLO management arm of Kennedy Lewis Investment Management, priced its first new CLO in six months on Friday

Fidelity and Onex price new CLOs in busiest issuance day for 2023 so far
Fidelity Investments and Onex Credit Partners both priced a new CLO on Thursday, pushing daily issuance volumes to $1.35 billion on the busiest day for US CLO primary activity so far this year

Short new issue from CarVal shows CLO market bifurcating over deal tenor
CarVal Investors has opted for a short reinvestment structure for its latest $501.3 million CLO priced on Thursday

ICG holds first close on US private credit fund
In total, ICG says it brought it $2.8 billion for its private credit strategies in the quarter

Blackstone buys $3.6 billion US CLO manager
An affiliate of Blackstone has entered into a purchase and sale agreement to buy a CLO management business 

Lights go out for Heritage Power with 120 CLOs left in the dark
US based power plant operator Heritage Power filed for chapter 11 bankruptcy in the bankruptcy court of Texas on Tuesday night, impacting $124.45 million of assets held by 120 US CLOs.

Short-dated CLO spreads sit at market wides as OFS and Sycamore print three-year deals
OFS Capital Management and Sycamore Tree Capital Partners each priced a new CLO on Wednesday with a short reinvestment period of just three years

Panagram launches ETF for junior CLO debt
Panagram Structured Asset Management has gone live with its first exchange-traded fund in a strategy that will target primarily CLO triple B and double B debt.

Serta Simmons makes its bed again with default leaving CLOs with a restless night
$172.5 million of CLO assets defaulted on Monday after Serta Simmons Bedding filed for chapter 11 bankruptcy.

TCW issues new CLO from its Jefferies strategic partnership
TCW Group has priced its fifth CLO under its strategic partnership with Jefferies

US CLO pipeline: Oak Hill aims for tightest triple As since July, as other CLO markets at 245bp
Nine US CLO managers are in various stages of marketing their latest CLOs, and while Oak Hill is seeking a benchmark-setting deal, there are other CLOs that are expected to price well wide of this

CLO community pulls together to block Wellpet loan amendment
The power the CLO community can wield – if members stick together – has been underlined after a loan amendment proposed by Wellpet failed to pass

Comment period deadline nears as NAIC mulls 100% capital charge for CLO equity
The National Association of Insurance Commissioners is pressing ahead with its proposal to increase capital charges for US insurers’ CLO equity investments to 75% or 100%

Investcorp hires Alcentra official as private credit co-head steps down
It follows as Investcorp’s current private credit co-head Chris Jansen will “take on an advisory role and retire later this year after ensuring a smooth transition”

Fund manager closes in on CLO ETF for mezz and junior debt
A large CLO investment firm is close to launching an exchange-traded fund, which invests in junior and mezzanine CLO tranches,