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Private credit arm of PE firm issues note that has CLO structural features
Smaller ticket lenders and BSL banks could put pressure on in vogue market
Ronnie Jaber, co-head of Onex Credit, in an interview with GlobalCapital
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Market was hopeful of some relief but SEC ruling on private fund advisers goes even further
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Investors optimistic that higher rates will not be enough to spur mass defaults
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Specialised CLO equity funds believe they're 'winning the argument' with potential investors
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Underlying loans in middle-market CLOs declining in quality, says Moody's report
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Short dated 2022 vintage refis are becoming more economical and should spur on primary activity
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The market needs clarity on the difference between middle market and private credit CLOs, if there even is one