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Ares secures another USD 50m for direct lending fund
6 months ago
The Ares Senior Direct Lending Fund III, which had its first close in July, is expected to be larger than previous vintages -
Primary loan and bond markets shows signs of revival, but at a cost
10 months ago
Activity in the US junk debt market has picked up after the 4th of July and the momentum is expected to continue through 2H23, but at a cost for issuers. -
Manager looks to cut HY exposures in CLO-heavy credit interval fund
1 year ago
A credit fund manager has provided a performance update on is multi-strategy closed-end credit fund through regulatory filings, revealing it has beat its benchmark from 1 April to 30 September despite losing 13.66% -
Macquarie taps former Alcentra official to lead global private credit and asset finance
1 year ago
Macquarie Asset Management has appointed former Alcentra European direct lending head to lead its global private credit and asset finacne business -
LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
1 year ago
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street -
Russia CDS auction deliverables list takes shape after sanctions licence
1 year ago
Russian Federation bonds cleared by Euroclear may be the only deliverable obligations to settle sovereign CDS contracts referencing the country, the Emea Determinations Committee has said, although it is also considering Clearstream listed bonds as it moves forward with preparations for a credit event auction -
Russia triggers failure-to-pay credit event
2 years ago
The Russian Federation has triggered a failure-to-pay credit event on sovereign bonds, the Credit Derivatives Determinations Committee has ruled – marking an historic moment that caps off a long run of deliberations on the country’s international debt since it invaded Ukraine on 24 February -
Sovereign in scope as Russian Railways triggers first Ukraine-linked credit event
2 years ago
Russian Railways had triggered a failure-to-pay credit event, the Credit Derivatives Determinations Committee has ruled, making this the first sanctions-related credit event since Russia's invasion of Ukraine in February -
Russia returns to default pricing as railway co awaits credit event vote
2 years ago
Russian credit spreads are once again under intense pressure and sanctions-related credit events are back under the spotlight as the country's state-owned railway company faces the scrutiny of the Emea Credit Derivatives Determinations Committee -
Global markets reel as Russia goes to war with Ukraine
2 years ago
Russia’s invasion of Ukraine is sending shockwaves around the region and far beyond, with the military campaign demanding a sharp reassessment of where the spiralling crisis could lead -
French airline flies against flock on pandemic repayment plans
2 years ago
Air France is a standout improver on Thursday against a backdrop of broad deterioration in single name credit spreads -
Ukrainian volatility speaks loud and clear after Russia talks fail
2 years ago
Ukrainian and Russian credit are ending the week with renewed volatility, as failed attempts at diplomatic talks appeared to exacerbate rather than simmer down tensions between the countries -
Biden remarks add extra twist to Ukraine / Russia credit volatility
2 years ago
The war of words around Russia's intentions regarding Ukraine is keeping both countries' credit spreads volatile, with US president Joe Biden's latest remarks leaving room for interpretation on both the perceived threat and how Ukraine's allies are prepared to respond -
Ukraine and Russia volatility steps up amid political trial and conflict fears
2 years ago
Ukrainian and Russian spreads are among the market's biggest movers at the start of the week, as developing tensions between the two countries ramp up another notch and former Ukrainian president Petro Poroshenko has arrived in Kyiv to face treason charges -
KKR announces new co-CEOs as Kravis and Roberts step down
2 years ago
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts -
US debt talks and German real estate regain composure after damaging wrangles
2 years ago
Adler Group is ending on a firmer footing what has been a rocky week for the German real estate company, as credit heads into the weekend unmoved by developments in the US on raising the country's debt ceiling -
Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
2 years ago
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis -
CLO equity investor bullish as it offers new share class on listed fund
3 years ago
The London-based manager is offering shareholders in its publicly traded junior CLO fund the chance to invest in a new listed share class - and it remains bullish on global CLO equity -
LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
3 years ago
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies -
Nine bonds make list to settle Noble, positing 98-cent CDS pay out
3 years ago
Nine bonds are on an initial list of deliverable obligations to settle at auction CDS referencing Noble Corporation, the latest CDX HY index constituent to trigger a bankruptcy credit event -
Convertible notes make final list for delayed Chesapeake auction
3 years ago
A delayed credit event auction to settle Chesapeake Energy Corporation CDS will proceed on Tuesday with convertible notes included as deliverable obligations, after the Determinations Committee ruled these were eligible -
Chesapeake auction delayed over convertibles question
3 years ago
A credit event auction to settle Chesapeake Energy Corporation CDS has been postponed for at least two weeks while the Determinations Committee seeks clarity on status of the company's convertible bonds -
Chesapeake auction could face delay over convertible conundrum
3 years ago
A credit event auction next week to settle Chesapeake Energy Corporation CDS could be postponed as uncertainty hangs over the status of the company's convertible bonds -
Whiting CDS auction delayed as bonds slump to single digits
4 years ago
The Determinations Committee has voted to postpone by a week an auction to settle CDS referencing Denver headquartered exploration firm Whiting Petroleum -
Whiting initial list points to 90 cent CDS pay-out
4 years ago
Four bonds have made it onto an initial list of deliverable obligations for an auction to settle CDS referencing Whiting Petroleum, which triggered a bankruptcy credit event earlier this month
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