22 January

Moody’s rings in the new year with a few CLO downgrades. Man GLG’s Silvermore CLO is the first to feel the pain with junior notes lowered to Caa3. TICP CLO III and KVK 2018-1 follow. Both are hit by downgrades to Caa1.

3 January

Golub makes its way into Europe

17 January

23 January

CVC CLO veteran Bowers launches asset manager with PE firm

8 January

Ares makes rare move by pulling out of private debt mandate

Ares withdraws from an illiquid credit and private debt mandate it had been assigned by London Collective Investment Vehicle. It can afford to be picky — later in the month it wins a $750 million SMA from a Tennessee pension fund.

13 January

Ymer SC is launching its second corporate structured credit fund after 20% returns in its inaugural fund in 2019.

14 January

Two CLO control equity pieces go on sale one day before major dates

Dryden 71 and Neuberger XIX hit the secondary market just ahead of the end of their reinvestment periods. The Neuberger control stake trades with a 44.4 cover bid.

23 January

EQT is gearing up to launch its debut European CLO but the firm also announces plans to re-evaluate its strategic options and its participation in credit. The private equity firm is hiring JP Morgan as part of this review.

15 January

Apollo CLO and CSO specialists earn promotion to partner