Clos

Cross Ocean Partners launches its first CLO post acquisition of the Bosphorus European CLO platform from Commerzbank

Retrieved on: 
Tuesday, November 1, 2022
Trident, CEO, Acquisition, Milbank, Deutsche Bank, Risk, Clos, Gross asset value, CLO, Commerzbank, AUM, Bank, European, Bosporus

LONDON, Nov. 1, 2022 /PRNewswire/ --On 26 October 2022, Cross Ocean Partners ("Cross Ocean"), a leading global credit investment manager with $6.2 billion of AUM,[i] completed Bosphorus CLO VII ("CLO VII"), the seventh CLO from the Bosphorus team and the first under Cross Ocean's management.

Key Points: 
  • LONDON, Nov. 1, 2022 /PRNewswire/ --On 26 October 2022, Cross Ocean Partners ("Cross Ocean"), a leading global credit investment manager with $6.2 billion of AUM,[i] completed Bosphorus CLO VII ("CLO VII"), the seventh CLO from the Bosphorus team and the first under Cross Ocean's management.
  • Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.
  • The transaction established Cross Ocean's footprint in the European CLO market, further deepening Cross Ocean's presence in the European credit space.
  • Graham Goldsmith and Steve Zander, co-CIOs of Cross Ocean, commented: "We are very happy to have welcomed Guy and his team to Cross Ocean.

Cross Ocean Partners launches its first CLO post acquisition of the Bosphorus European CLO platform from Commerzbank

Retrieved on: 
Tuesday, November 1, 2022
Trident, CEO, Acquisition, Milbank, Deutsche Bank, Risk, Clos, Gross asset value, CLO, Commerzbank, Multimedia, AUM, Bank, European, Bosporus

Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.

Key Points: 
  • Cross Ocean acquired the Bosphorus European CLO platform, its three CLOs and five-person team from Commerzbank in December 2021.
  • The transaction established Cross Ocean's footprint in the European CLO market, further deepening Cross Ocean's presence in the European credit space.
  • Since the team, led by London-based Guy Beeston, joined Cross Ocean, it has hired two new members and been fully integrated into the wider Cross Ocean business.
  • Graham Goldsmith and Steve Zander, co-CIOs of Cross Ocean, commented: "We are very happy to have welcomed Guy and his team to Cross Ocean.

Chief Learning Officer Announces 2022 Learning in Practice Award Winners

Retrieved on: 
Wednesday, October 19, 2022
Clos, McCombs School of Business, Organization, Research, Business, Talent management, Workforce, Quality Practice Award, Learning, D, Gold, Silver, Industry, BMG, GLOBE, CLO, Dell Technologies, Dell, Creativity, University, University of Texas at Austin, L&D, Consultant, Leadership, Management

CHICAGO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Chief Learning Officer (CLO), a subsidiary brand of BetterWork Media Group, announced last night during a virtual awards ceremony the winners of its 2022 Learning in Practice Awards, an annual recognition program honoring learning leaders and organizations who have demonstrated excellence in the design and delivery of employee development programs.

Key Points: 
  • CHICAGO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Chief Learning Officer (CLO), a subsidiary brand of BetterWork Media Group, announced last night during a virtual awards ceremony the winners of its 2022 Learning in Practice Awards, an annual recognition program honoring learning leaders and organizations who have demonstrated excellence in the design and delivery of employee development programs.
  • The ceremony will return to an in-person event in 2023, to be held in conjunction with Chief Learning Officer's Symposium in San Diego.
  • Chief Learning Officer is dedicated to serving as a platform and vehicle for C-suite and senior-level learning and development professionals to connect and advance in the profession and their personal careers.
  • BetterWork Media Group manages Chief Learning Officer and Talent Management, serving workforce communities of C-suite and senior-level practitioners, executives, scholars, consultants and solution providers in corporate learning and talent management.

KBRA Releases Research – Structured Credit Trend Watch: Volume Amid Volatility

Retrieved on: 
Friday, October 14, 2022
Banking, Professional Services, Finance, Fundamental, KBRA, Clos, Real estate

KBRA releases a report examining trends across the structured credit landscape, including issuance, spreads, and document features.

Key Points: 
  • KBRA releases a report examining trends across the structured credit landscape, including issuance, spreads, and document features.
  • Despite increased costs, continued aggressive policy action, geopolitical instability, and widening spreads, structured credit transactions and CLOs have pushed forward with robust issuance so far in 2022.
  • While overall leveraged loan volume has lagged on a year-over-year basis, volatility in the secondary market has presented a ripe opportunity for yield and par pick-up which has led to historical leveraged loan trading volume.
  • Increasingly, capital has poured into the private credit and direct lending space, which has become a $1 trillion-plus market.

Slowing economy ushers private markets investors into new era, PGIM says

Retrieved on: 
Thursday, October 13, 2022
Finance, Professional Services, Other Professional Services, Asset Management, Fintech, Prudential, PFI, Risk, DC, Prudential plc, Clos, Market share, NYSE, Prudential Financial, Pension, Income, Research, PRU, Multimedia, Investment, ABS, Izzat Hyat-Khan, Science and technology in Asia, PGIM, United Kingdom, Solution, Kowloon West New Dynamic, Financial services, Security (finance), Bank

View the full release here: https://www.businesswire.com/news/home/20221013005380/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221013005380/en/
    Shehriyar Antia Head of Thematic Research, PGIM (Photo: Business Wire)
    In The New Dynamics of Private Markets , the latest in PGIMs Megatrends research series, PGIM finds that tightening monetary conditions and a slowing economy will challenge investors to navigate the increasingly blurred lines between private and public assets, address liquidity concerns and explore newer segments of private credit markets.
  • Investors should look carefully at liquidity, secondary markets and private equity sponsor behavior as they navigate these turbulent times.
  • Secondary markets which provide liquidity to private market investors may be a vital portfolio management tool, especially for investors bound by strict allocation targets.
  • Employers defined contribution plans are a great opportunity to democratize private markets investing, allowing individual investors to access the returns available in private assets, Hyat said.

KBRA UK Releases Research – European Securitisation: Market Slows but Still Active in Q3 2022

Retrieved on: 
Thursday, October 13, 2022
Finance, Data Analytics, Banking, Professional Services, Insurance, Statistics, ABS, Environment, KBRA, BSL, Economics, CMBS, Clos, Research report, Security (finance), EU

KBRA UK (KBRA) releases a research report examining the European securitisation market in third-quarter 2022.

Key Points: 
  • KBRA UK (KBRA) releases a research report examining the European securitisation market in third-quarter 2022.
  • In total, Q3 2022 European securitisation reached EUR48.9 billion versus EUR28.5 billion in issued and retained transactions.
  • Newly circulated transaction volumes declined to EUR20.4 billion in Q3 2022 versus EUR27.1 billion in Q3 2021.
  • Retained issuance also fell in Q3 2022, to EUR28.5 billion from EUR37.4 billion in Q3 2021.

Brightwood Capital Advisors Leads Senior Secured Credit Facility to Support Orangewood Partners’ Acquisition of Barrington James

Retrieved on: 
Thursday, October 6, 2022
Professional Services, Health, Business, Other Professional Services, Other Health, Finance, General Health, Health, Principles for Responsible Investment, PRI, Telecommunication, Transport, BDC, Growth, Clos, Socially responsible investing, LLC, ESG, Intelligence, Small Business Administration, Institutional Limited Partners Association, Investment, Partnership, Technology, ILPA, SBIC, Acquisition, United Nations, Principle, Transport Logistic, S.A.C. Capital Advisors, EBITDA, Citrus × sinensis, Small business, Solution, Financial services

Brightwood Capital Advisors (Brightwood), a leading private credit firm, announced that it acted as sole lead arranger and administrative agent to provide a senior secured credit facility in support of Orangewood Partners acquisition of Barrington James (the Company).

Key Points: 
  • Brightwood Capital Advisors (Brightwood), a leading private credit firm, announced that it acted as sole lead arranger and administrative agent to provide a senior secured credit facility in support of Orangewood Partners acquisition of Barrington James (the Company).
  • The company also identifies placement opportunities ranging from contract and interim positions through to board and C-suite-level roles.
  • We are pleased to support Barrington James as it continues to experience robust growth amidst a challenging macro environment, said Sengal Selassie, Chief Executive Officer and Managing Partner at Brightwood.
  • Brightwood Capital Advisors, LLC is a leading private credit firm with a long-standing track record of investing in middle market businesses.

Seasoned Sales and Investor Relations Executive T. Michael Johnson Joins CIFC as Global Co-Head of Business Development

Retrieved on: 
Thursday, October 6, 2022
Asset Management, Professional Services, Business, Finance, Senior management, Marketing, Symphonia: sum fluxae pretium spei, Citigroup, Partner, Investment, Clos, University of Michigan Law School, Phi Beta Kappa, Organization, Paulson & Co., Business, Paulson, University, Business development, Solution, Harvard Business School, Security (finance), Management, Boston College

CIFC Asset Management LLC (CIFC), an alternative credit specialist serving institutional investors globally with approximately $40 billion in assets under management, today announced the appointment of T. Michael Johnson as a Managing Director and Global Co-Head of Business Development.

Key Points: 
  • CIFC Asset Management LLC (CIFC), an alternative credit specialist serving institutional investors globally with approximately $40 billion in assets under management, today announced the appointment of T. Michael Johnson as a Managing Director and Global Co-Head of Business Development.
  • Mr. Johnson has nearly 20 years of experience in alternative investment sales and most recently served as a Managing Director and Head of Investor Relations at Carlyle Global Credit.
  • T. Michael has an extensive network of institutional relationships amassed over his nearly two-decade career in investment management.
  • His contributions will undoubtedly be additive to our talented Investor Solutions team as CIFC continues to thoughtfully grow our business and best serve the needs of our global clientele.

AlbaCore Capital Taps Seán Golden to Lead Expansion into Structured Credit

Retrieved on: 
Thursday, October 6, 2022
Professional Services, Finance, Partnership, Net asset value, Insurance, CLO, Clos, Albacore, Research, Growth, Consultant, Investment, AUM, Bank, Financial services

European credit specialist, AlbaCore Capital Group (AlbaCore), has announced the appointment of Sen Golden.

Key Points: 
  • European credit specialist, AlbaCore Capital Group (AlbaCore), has announced the appointment of Sen Golden.
  • Sen joins AlbaCore after nearly a decade at Alcentra, where he most recently served as Executive Director of structured credit.
  • Deborah Cohen Malka, Partner and Portfolio Manager at AlbaCore Capital Group, commented: We are delighted that Sen is joining the AlbaCore team to spearhead our structured credit investment capabilities.
  • AlbaCore Capital Group is one of Europes leading specialist credit investors focusing on public and private corporate credit markets.

KBRA Releases Monthly CMBS Trend Watch

Retrieved on: 
Wednesday, October 5, 2022
Banking, Professional Services, Insurance, Finance, Strathclyde Fire and Rescue Service, SB, CRE, KBRA, Clos, SFR, EU

KBRA releases the September 2022 issue of CMBS Trend Watch.

Key Points: 
  • KBRA releases the September 2022 issue of CMBS Trend Watch.
  • U.S. CMBS private label came in at $4.3 billion in September, down from $6.2 billion in August.
  • Septembers surveillance activity included rating actions on 872 classes consisting of 764 affirmations, 84 upgrades, 17 downgrades, five Watch Downgrades, and two Watch Upgrades.
  • KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada.