CLO Structured Credit

Insurance and investment manager teams up with M&A platform to offer private credit solutions to sponsor-backed companies.

CFO John Redett says CLOs business ‘has great margins’ and CTAC has ‘strong inflow’.

Private debt has found another area of financing where traditional players are struggling to maintain their dominance.

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.

Collateralised loan obligations are back in favour in financial restructurings, helped by their dominance in leveraged credits and greater flexibility in documentation, say Nick Charlwood, John Goldfinch and Tim Watson, partners at Allen & Overy.

The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle.

Private debt sees strong asset growth and modest allocation growth within US state pension portfolios. Plus: Manulife and Hamilton Lane complete fundraisings; and Adams Street finds confidence high in private markets. Here’s today’s brief for our valued subscribers only.

We’re still only in the bottom of the first inning of the ‘destruction’ caused by the growth and venture space in late 2021, says the fund manager’s CEO.