News

Home

News

Share this report

Share this report:

Browse more Creditflux newsletters

Global credit funds & CLO's

March 2024 | Issue 262

Published in London & New York.

News

March 2024 | Issue 262

News

CLO managers laud market’s shift away from direct lending

Tom Davidson, Managing editor

News

European CLOs are pricing this year but market is falling further behind US

Shant Fabricatorian,

CLOs

News

Advantages of non-sponsored direct lending recognised as pensions increase allocations

Kellie Ell, reporter

News

Arrangers optimistic on prospects for CLO-like recurring revenue deals

Tom Davidson, Managing editor

News

APAC investors target private credit opportunities in Australia after quitting China

Kellie Ell, reporter

Read News in Brief

Top stories on creditflux.com: with early 2024 moves for AGL and Blue Owl

1 March

BlackRock CLO portfolio manager lands at Carlyle

Matt Maxwell, BlackRock’s lead US CLO portfolio manager, is moving to Carlyle. According to market sources, Leo Fu and Abigail Parzanese, directors in BlackRock’s leveraged loans team, will take over Maxwell’s duties.

Maxwell spent almost eight years at BlackRock. Before that he was a senior credit trading desk analyst at Morgan Stanley

1 February

CLOs round-up: Jan 2024 — back with a bang

The CLO market got off to a dramatic start in January, especially in the US. The US BSL market saw 22 new issue CLOs over the month, along with three refis and four resets.

6 February

Santander continues push into CLO structuring with refi

New York-based Sculptor Capital Management priced its first deal of 2024, marking Santander’s rapid growth as an arranger.

8 February

Largest new-issue CLO since 2017 prices

Golub Capital stunned the market with its latest new-issue middle market CLO — upsized from USD 500m to USD 1.34bn.

9 February

Lakemore raises more than USD 500m for latest CLO equity fund

CLO equity specialist Lakemore Partners raised USD 560m for the fifth edition of its flagship fund. The final close for Aquatine V Fund was 40% higher than the USD 400m that Aquatine IV Fund raised.

14 February

Chris Flynn announces plan to depart from First Eagle

First Eagle Alternative Credit revealed plans to shake up its C-suite with the departure of president Chris Flynn in 2025. He will be succeeded by Jim Fellows, who is currently CEO at the firm.

21 February

Missing Milbank CLO team surfaces at rival Allen & Overy

Allen & Overy announced the arrival of veteran European CLO lawyer John Goldfinch. He joins the firm’s London office from Milbank, bringing with him a team of four CLO lawyers.

15 February

Fresh wave of CLO calls looms as US equity distributions drop

Our latest research highlights how equity distributions for US CLOs outside their reinvestment period continue to fall as prepayments cut into cashflows.

26 February

CLO tech provider makes two senior hires

Siepe, which provides data analytics, compliance and reporting technology for the CLO industry, hired Shelly Torkelson and Teresa Lange Pierson.

26 February

BlackRock breaks through 150bps barrier

BlackRock shrugged off any challenges from the loss of its CLO PM Matt Maxwell to match the tightest new US print so far this year with its half-billion-dollar new issue Magnetite XXXVIII.

28 February

Columbia Threadneedle makes CLO equity partnership with Jefferies

Columbia Threadneedle entered into a strategic agreement with a consortium led by Jefferies to commit equity capital to support the issuance of multiple CLOs.

28 February

LP CLO investor returns to Accunia

Veteran CLO investor David Altenhofen announced his return to Accunia as head of investments.

Home

${next-page}