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- Direct lending (7)
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- Investment grade credit (5)
- Structured credit (4)
- CLO (3)
- Distressed debt (3)
- Leveraged loans (2)
- Synthetic/SRT (7)
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Nu variant panic sends credit spreads to the year's wides
2 years ago
The discovery of a new covid-19 variant has routed financial markets at the end of what had already been a dour week, sending credit spreads to their widest of the year -
Supply chain crisis hits credit amid shift to physical products
2 years ago
Credit investors are bracing for choppy waters as the supply chain crisis makes itself felt on company balance sheets heading into the year end -
Financials lead as credit opens 2021 with optimism
3 years ago
Financial credits, and particularly banks, are among the big movers today with the market having opened 2021 in buoyant mood following agreements on a Brexit deal and US stimulus package -
Spread compression resumes with US passing key milestones
3 years ago
Credit markets have resumed their crunch tighter today, with an absence of any obviously negative brakes to offset strengthening Asian industrial numbers and applications by vaccine makers for emergency approval in the US and Europe -
KKR takes covid-19 hit on flagship credit funds and lev fin
3 years ago
KKR took a 16% hit to returns on its alternative credit flagship funds amid the first quarter coronavirus downturn and a 13% loss on leveraged credit, taking these into negative territory for the last 12 months. The firm's private equity portfolio also slumped by 12% -
Fed expands Main Street direct lending scheme but it's unlikely to help CLOs
4 years ago
The US Federal Reserve Board has expanded the scope of its Main Street Lending Programme following more than 2,200 letters of feedback. Under the third loan facility, lenders will hold 15% of the loan to borrowers with greater leverage -
KKR deploys 10% of $2 billion coronavirus dislocation credit fund
4 years ago
KKR Credit has plans to launch a $2 billion dislocated corporate and asset backed credit fund to take advantage of coronavirus-induced volatility. And the New York-based manager has wasted no time swooping on opportunities after deploying $212 million by 9 April -
Short-dated CSOs touted as jump-to-default risk hits curves
4 years ago
The coronavirus outbreak has all but vanquished hopes of any regular CSO business getting done, but sources say bespoke portfolios of short-dated CDS could soon be in the offing as investors look to express a view on when the crisis will end. -
You wait 12 years for loan dislocation and $1 trillion comes along all at once
4 years ago
The waiting is over — distressed debt managers have the best entry point in about a dozen years as the S&P/LSTA Leveraged Loan Index plunged to 80 in just two weeks. -
Asset managers pull all liquidity levers to satisfy borrowers
4 years ago
A paramount concern for many investors in direct lending funds is whether asset managers have enough liquidity to meet borrower requests for funding -
Structured credit dragged very wide — but CLOs stand to gain
4 years ago
Senior tranches of securitisations widened 220% in less than a month as the coronavirus pandemic has meant an increase in systemic risk — a sharp turnaround from the past few months when idiosyncratic risks were being cited as the main concern for structured credit investors. -
High yield index widening drives equity tranche trades
4 years ago
The blow-out in corporate credit spreads is creating opportunities in the index tranche market. -
CDS show the way as prices move and volumes surge
4 years ago
CDS volumes provide an eye-opening view of how the asset class has grown in prominence during the coronavirus pandemic, with index trading near doubling year-to-date on 2019, even as secondary bond markets hit lockdown. -
Trade body asks US government to show it CARES about BDCs
4 years ago
The US federal stimulus maintains existing regulations that exempt portfolio companies from accessing the stiumulus funds. The Institutional Limited Partners Association wants to change that -
GP-led private debt secondaries "a month away" if covid-19 volatility hits cash flows
4 years ago
Private debt secondary funds have seen uptick of limited partner-led opportunities as institutional investors and family offices dispose of fund level commitments to gain liquidity, sources say. And general partner-led secondaries focusing on the lower middle market could emerge shortly if volatility hits companies’ cash flows -
Time on side of direct lenders as private loans give relief against volatility
4 years ago
Some credit fund managers have become myopic in an effort to absorb the impact of the market sell-off, rate changes, shortage of liquidity and the overarching consequences of the coronavirus pandemic. Mid-sized companies might be considered more vulnerable in such circumstances, but direct lenders are spared from any mark to market volatility
16 results found Showing page 1 of 1
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