Latest news
Latest news
Pricing on junior mezzanine notes is diverging as managers have to cope with difficult conditions
Manager extends non-call by a year, tapping into market for shorter-dated deals
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US investment manager Barrow, Hanley, Mewhinney & Strauss has hired two portfolio managers to set up a new bank loan fund and to lead the firm’s efforts across sub-investment grade US corporate debt. -
LoanCore Capital priced the largest commercial real estate CLO of the year on Friday, selling the $1.05bn LNCR 2018-CRE1 via lead arrangers Goldman Sachs and Morgan Stanley, and co-managers Wells Fargo and Jefferies.
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Permira Debt Managers has hired a CLO structurer from OZ Management (formerly Och-Ziff Capital Management) to structure deals for the firm’s new Providus European CLO platform.
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Oliver Wriedt, co-head of credit investment firm CIFC, has left the business to pursue other opportunities, according to the firm.
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CLO lawyer Sean Solis has left Dechert to join Milbank, Tweed, Hadley & McCoy in New York, the firm said on Monday, with the firm looking to capture market share from new entrants drawn to the sector by the rollback of risk retention rules.
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PGIM Fixed Income is in the market this week with a sterling denominated CLO offering, Dryden 63 GBP CLO 2018, arranged by NatWest Markets.
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Citi's Peter Keller, former co-head of EMEA structured credit, has been promoted to EMEA head of spread product sales.
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Barclays has hired a new head of CLO origination and syndication from Citi, as well as hiring two bankers from Natixis to set up a new middle market CLO platform.
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A handful of new US CLOs are expected to be priced this week, including deals from HPS, Voya and Octagon, as traders say that investors are looking to take advantage of tightening spreads in junior CLO debt.
