CIFC and Black Diamond prep new CLOs after record quarter

By Will Caiger-Smith
29 Jul 2014

CIFC Asset Management and Black Diamond Capital Management are soon to hit the US market with new CLO deals, with new issuance showing no sign of abating after the most active quarter since the inception of the market, according to data from Fitch Ratings.

CIFC, which priced its most recent CLO just last month, has hired Morgan Stanley as arranger for its next deal, which is currently being marketed. The deal is set to be $626.5m, with the triple-A tranche currently sized at $381m and the ...

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