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LevFin CLOs

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  • Kuvare Holdings, a Chicago-based insurance and reinsurance company, hired former Penn Mutual CLO specialist Jason Merrill as vice president in its structured securities unit.
  • Bardin Hill Investment Partners has returned to US CLO issuance after more than two years of absence.
  • Marble Point has hired former Seix Advisors chief executive Bob Sherman in a newly created position of global director of strategic development.
  • Cairn Capital, the alternative credit asset management firm in which Mediobanca has a majority stake, has agreed a deal to buy and merge with Bybrook Capital.
  • TCW Asset Management refinanced a CLO issued in 2019 via an applicable margin reset (AMR) auction, becoming the first manager to use the innovative way of refinancing twice.
  • AGL Credit Management hired David Preston, the former head of CLO and ABS research team at Wells Fargo Securities laid off by the bank last year. Preston has been appointed on Monday as head of structured credit research at AGL, reporting to CEO and CIO Peter Gleysteen and COO Wynne Comer.