CLOs

Chicago-based Antares Capital closed its first broadly syndicated loan CLO with $450 million. Orion CLO 2023-1 is intended to comply with European risk retention regulations.

Global special situations-focused private equity and credit manager Warwick Capital Partners sees “ample opportunity” in the collateralized loan obligation space after closing its debut transaction.

Credit specialist Pemberton Asset Management launched its first European collateralized loan obligation (CLO) last week, raising €357.1 million ($378 million).

Alternative investment funds raised over $57 billion in August, 69% of which flowed to credit offerings ranging from distressed and direct lending to CLOs.

The $41 billion global credit management firm CVC Credit priced its latest collateralized loan obligation, Apidos XLVI, at $504 million. Societe Generale acted as the lead arranger, officials said. The seventh CLO priced by CVC in 2023, it builds on ...

Intermediate Capital Group (ICG) appointed Mathew Cestar as global head of credit to be based in the £80 billion ($102 billion) firm’s London office. In the newly created role, Cestar will provide strategic and operational leadership for ICG’s credit platform ...

Art Penn of PennantPark Investment Advisors, which manages mid-market private credit funds and has $6.1 billion invested across 170 businesses, talks about his 2023 expectations.

Sound Point Capital Management announced plans to acquire Assured Investment Management, the institutional asset management business of Assured Guaranty offering CLOs and other structured asset-backed products. The deal also has Assured Guaranty’s U.S. insurance subsidiaries investing $1 billion in Sound ...

The $18 billion University of Michigan endowment allocated to five funds across absolute return and global private equity strategies in recent months. Meeting materials for the Ann Arbor-based fund detailed $210 million in allocations with a wide-ranging set of investments ...

New York-based firms Marathon Asset Management and Deerpath Capital Management have closed on over $900 million in new collateralized loan obligation offerings in recent weeks as demand for collateralized products picks up alongside interest rates moves. Earlier this month, Marathon ...