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Opinion
June 2023 | Issue 255
Past returns
How Hildene took the lead
10 years ago in Creditflux we wrote about Hildene’s novel Hildene Leveraged Credit Fund, which was designed to take equity stakes in Hildene CLOs and provide a warehouse for forthcoming deals.
A glance at the story to the right will show you just how mainstream that approach has become, but at the time it was unique.
Hildene went on to exit the CLO management business in 2016, but remains an important CLO investor. In 2020 roles reversed as Hildene announced a partnership with Dallas-based Carlson Capital to provide equity capital alongside Jefferies to help Carlson issue four CLOs.
Letter from the editor
Hello again
It’s a curious thing to come back to your beginning, but that’s where I find myself, writing this letter as the new editor of Creditflux. I first joined 17 years ago, fresh out of university. We were a small team of journalists covering structured credit. Our goal was to write articles that were accurate but accessible, enriched by data but driven by the community. And I think all of that is just as true now.
Not everything is the same of course. In those days we were more of a synthetics rag, with CSOs and the like at our core. We did cover much of the CLO (and CBO) market, but it was the great financial crisis that turbo-charged our CLO coverage.
We later became part of the ION Analytics family, alongside publications such as Debtwire and Xtract. I do feel nostalgic for those wild, orange days when we were a small start-up. But now I’m in the editorial chair I’m grateful for the support my nearly 1,800 colleagues across ION Analytics provide.
The fruits of that support are evident as we welcome former Debtwire journalist Kellie Ell to the team. We’ll be announcing more moves over the next few weeks.
Will I be changing much? Perhaps. But I won’t be fixing what isn’t broken, and Creditflux does a lot right. Over the coming months I hope to meet as many of you, our subscribers, as possible, to hear your thoughts on how we can continue to provide the best news and analysis on CLOs and credit funds globally.
Tom Davidson
Managing editor, Creditflux
tom.davidson@iongroup.comTom Davidson, Creditflux managing editor, on a panel at the Creditflux symposium in London
THEY SAID IT
“Baby needs a new pair of Guccis”
MJX’s Hans Christensen calls for the loan market to get moving again at our CLO Symposium last month.
Global credit funds & CLO's
June 2023 | Issue 255
Published in London & New York.
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