CLO Structured Credit

Blue Owl Capital acquires Prima, hires GIC vet in private credit push

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

Allen & Overy: The growing role for CLOs in restructurings

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.

Dai-ichi invests more than $1.5bn for Canyon Partners deal

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.

Structured investments emerge as distinct commercial real estate asset class

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.

Loan Note: Private debt’s place in state pension portfolios; investors bullish about private markets

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.

Arena’s Zwirn sees opportunity amid implosion

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.

Permira Credit chiefs reveal plans for growth in 2024

The firm’s new co-heads took over at the beginning of the year with plans for new products and geographies to expand the London-based manager’s debt footprint.

Churchill closes on CLO, Mubadala co-invests

Mubadala will hold the majority of subordinated notes in the $400m mid-market CLO.