Latest news
Latest news
Refis, resets and new issues all on offer as Five Arrows, Apollo, Neuberger Berman, Ares and Oaktree price deals
European CLO ETFs' total holdings near €2bn
International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
More articles
More articles
-
Voya Alternative Asset Management priced a $396m so-called 'print and sprint' CLO last week, joining a handful of managers that have opted for speedier deal execution in the Covid era. -
WhiteHorse Capital, the credit arm of H.I.G. Capital, has hired Jason Hicks as principal. Hicks will be based in WhiteHorse’s New York office and will be responsible for originating and executing middle market debt financings for private equity sponsored transactions.
-
Alternative Access Funds has launched an exchange-traded fund (ETF) focused on triple-A CLOs to appeal to investors who have not bought the asset class before.
-
Krupa to replace Cabannes at SG — JP Morgan reshuffles activist defence business — Credit Suisse gives Cohen new position
-
Asset manager Janus Henderson is planning to bring CLOs to mid-size institutional investors with an exchange-traded fund (ETF) focused on triple-A CLOs, it emerged this week. The ETF could broaden the CLO investor base beyond large banks and insurance companies.
-
European equity tranches in CLOs have begun to outperform equivalent equity pieces from the US after its response to the coronavirus pandemic drove macroeconomic worries.
-
Pizza Express’s plans to restructure its debt, shut restaurants and sell its UK business have hammered home the latest nail in the coffin of the UK casual dining sector. As appetite for eating out dwindles following lockdown, coupled with a heavy oversupply of mid-market restaurant chains, the coronavirus pandemic has hastened the decline of a sector which has dominated UK dining over the past few decades.
-
Rating agency reviews of CLOs are not resulting in mass downgrades in Europe. That has caused some to question what is going on given the damage the coronavirus pandemic and lockdowns must surely have had on certain sectors of the economy that some CLOs are exposed to. Some transparency around ratings metrics would help soothe the angst.
-
Janus Henderson is planning an exchange traded fund (ETF) that will invest in the safest tranches of CLOs, according to a filing with the Securities and Exchange Commission.
