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
More articles
More articles
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GSO Capital, a Blackstone-owned entity, is marketing Dunedin Park, a €409.8m CLO arranged by Deutsche Bank, and the fourth brought by the issuer this year.
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Goldman Sachs has released initial price thoughts on a new €407.2m CLO for Barings.
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Norinchukin Bank has re-entered the US CLO market after pulling back in April, though is still holding out on European CLOs, and there may now be less incentive for it to take up its previously outsized role.
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Allen & Overy has added a partner to the firm’s leveraged finance practice in New York.
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Middle market credit investment manager MidOcean Partners has hired a former Apollo Global Management executive as CIO.
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Alex Navin is joining BlueBay Asset Management’s structured credit team as portfolio manager, leaving Citigroup where he worked in various roles for over nine years. As well as launching structured credit funds, BlueBay said it was planning to launch and manage CLOs.
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CVC Credit Partners and BNP Paribas Asset Management are two CLO managers preparing to price their latest CLOs, bringing broadly syndicated deals to the market without help from Japanese anchor investment. Both well-established managers are having little trouble finding interest in their latest deals, as European and US investors rush in to fill the gap.
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CIFC Asset Management’s debut European deal, which was priced on Monday through Deutsche Bank, shows the slim premium required for new issuers in the European market — despite increasing fears that the manager landscape is becoming crowded.
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The European securitization pipeline is bulging with 14 deals in the market this week, adding to an already heightened primary market supply on the back of the Global ABS event in early June.