Latest news
Latest news
Borrowers take advantage of robust CLO demand to tighten leveraged loan pricing
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Manager reset the deal for the second time as the end of its reinvestment period approached
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Cairn Capital announced a pair of hires at the end of last week, appointing José Ferrero and Vihren Jordanov as senior credit analysts. -
Market participants should take advantage of any spread widening in CLOs between now and year end, said Bank of America research analysts, as they predict that bonds throughout the capital stack will rally in 2020.
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CIFC Asset Management has priced its sixth US CLO of 2019, bringing the manager’s new issuance volume for the year to over $3bn.
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Alternative credit investment manager Kennedy Lewis Investment Management has hired the head of capital markets at Blackstone’s GSO Capital Partners as partner and president.
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Two senior French equity capital markets and coverage bankers who left Société Générale two months ago have joined arch-rival BNP Paribas.
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Wells Fargo analysts are predicting a decline of up to 20% in US CLO issuance in 2020, as demand for floating rate products wanes and new issue arbitrage poses a challenge for managers.
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Permira Debt Manager’s Credit Solutions II fund, a direct lending fund raised in 2015, underlined the risk of concentration in private debt funds, thanks to a sharp downgrade of the fund’s largest exposure, making up 17% of its assets.
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Direct lending funds have raised more money than ever this year, and are writing ever bigger cheques in the sort of investments usually done by broad syndication. However, in all but a handful of cases, syndicated financing is the better option.
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CIFC, a corporate and structured credit asset manager, has hired two more staff for its European operation, with Anders Samuelsen and Aidan Reynolds joining its investor services team.
