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Uni of Michigan reveals $50 million CLO fund allocation
1 year ago
The Regents of the University of Michigan has revealed a $50 million allocation to a captive CLO equity fund -
New York lifts limit on pension alternatives to 35%
1 year ago
New York pensions have been granted the ability to elevate their alternative investment allocations from 25% to 35%. This comes after New York governor Kathy Hochul signed a bill on 23 December that lifts the “basket clause” -
LP round up: 27 managers find the top corner with investor wins
1 year ago
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. -
Texas pension allocates $75 million to CLO fund
1 year ago
Texas County District & Retirement System has allocated to its third CLO fund in three years -
Investors urged to look at CLO funds amid PE slowdown
1 year ago
Institutional investors are said to be eyeing CLOs and structured credit as they seek to calibrate duration risk and prepare for recession. In addition, year-to-date performance in private equity portfolios isn’t meeting pension funds’ tough returns targets -
LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
1 year ago
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end -
US insurers’ CLO exposure jumped 12% in 2021 amid widening investor base: NAIC
1 year ago
US insurers’ CLO exposure increased by around 12% to $216.3 billion in book / adjusted carrying value by the end of 2021, up from about $192.9 billion the year before, according to an annual report by the National Association of Insurance Commissioners -
US pension ups allocation to two CLO funds
1 year ago
Rhode Island State Investment Commission has upped allocations to two CLO funds it allocated $125 million each to the funds last summer -
LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
1 year ago
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus... -
Chicago pension seeks private credit manager
2 years ago
Direct lending, structured credit, distressed/special situations, specialty finance, and multi-strategy funds will be considered -
LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
2 years ago
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 -
US CLO fund wins $16 million from San Jose pension
2 years ago
The $5 billion pension awarded the allocation to a manager's fourth US CLO fund, having previously allocated to its second and third fund -
LP round up: two CLO funds win support as Cali pensions home in on private credit
2 years ago
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway -
Insurance capital charges may force CLOs to do the splits
2 years ago
The National Association of Insurance Commissioners’ (NAIC) long-awaited capital charges rejig is now in place, and it could result in life insurers changing their habits and CLO issuers splitting tranches -
LP round up: CLO fund included in whopping $13 billion of credit allocations in November
2 years ago
Credit took centre stage in November as investors allocated over $13 billion to credit funds in the month, with one pension allocating $50 million for a European CLO risk retention fund -
Axa IM launches multi-strat fund for pensions
2 years ago
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds -
LP round up: no Stoptober as investors allocate $5 billion to credit
2 years ago
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates -
BofA CLO trader departs after 16 years to join US pension giant
2 years ago
Former Bank of America CLO trader has left the bank after 16 years to move to the buy side -
US insurers' CLO exposure soared 23% by end of 2020, report finds
2 years ago
US insurers’ CLO exposure increased about 23% to $192.9 billion in book/adjusted carrying value by the end of 2020, according to an annual report by the National Association of Insurance Commissioners -
Manager targets $450 million for global CLO fund
2 years ago
A New York pension has backed the fund, which will invest in CLO debt and equity tranches and is said to have held a first close in Q1 -
Alcentra's global CLO fund closes at $484 million and over 50% deployed
2 years ago
Alcentra has closed its fourth global CLO fund, Alcentra Structured Credit Opportunities Fund IV, at $484 million -
US pension terminates three credit mandates due to 'underperformance' and relative value
3 years ago
The New Mexico pension terminated one multi-asset credit mandate and two bank loan mandates -
LP round-up: $2.6 billion flows into 26 credit managers
3 years ago
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers -
Texas pension allocates $50 million to CLO fund
3 years ago
The comes amid a flurry of allocations to CLO funds -
Eagle Point diversifies from CLOs as it wins $180 million for BDC lending strategy
3 years ago
A US public pension has earmarked $60 million for Eagle Point's fund and a further $120 million for a separate managed account
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