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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Permira Debt Managers has launched its fifth ‘Sigma’ structured credit fund, looking to buy CLO equity. Senior tranches in CLO vehicles have sharply tightened against Euribor as European rates have plunged deeply negative, but Euribor floors worth up to 50bp are increasingly determining the economics of the CLO business.
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European managers are lining up to sell a wave of new CLOs over the next few weeks amid market conditions which have recently soured for issuers seeking leveraged loan collateral.
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BlueBay has launched a new total return leveraged finance fund, which can buy structured credit and investment grade bonds as well as leveraged loans and high yield.
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Axiom Alternative Investments has appointed Bedis Gharbi as senior portfolio manager, for a new credit derivatives focussed fund.
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The CLO refinancing wave has rolled through to the end of summer, with PGIM and CVC both refinancing deals from 2016 and 2017 respectively, as European markets continue to contend with negative rates.
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Credit investment manager THL Credit announced on Tuesday that it has begun using an environmental, social and governance (ESG) framework in its bank loan, high yield and CLO strategies.
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Alternative asset manager and middle market private equity firm MidOcean Partners has added a portfolio manager to its CLO business in New York.
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CBAM Partners said it has hired Axa Investment Management’s loans and private debt co-head Jean-Philippe Levilain to help launch its European business.
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GreensLedge Asset Management announced on Wednesday that it has hired two investment professionals from Barings to lead the firm’s structured credit investment business.