CDOs/CLOs

Ares Management is expanding its presence in the European CLO market.

CLOs are finding new fans from among the ranks of another kind of vehicle that invests in leveraged loans — business development companies (BDCs).

Resource Capital is putting together a CLO that may be completed in the fourth quarter.

TICC Capital, a business development company, has issued a $225 million CLO, its first, through a special purpose vehicle in which a wholly owned subsidiary owns all of the equity.

Barclays Capital promoted its head of European leveraged to cohead of EMEA leveraged finance, ASR sister publication Leveraged Finance News has confirmed.

A scholarship fund in Bingham McCutchen partner Edward Gainor’s memory has been established by the law firm at his alma mater The George Washington University (GWU) Law School. Gainor died July 22 of a heart attack.

The Loan Syndications and Trading Association (LSTA) today submitted to joint regulators a 20-page comment letter explaining why managers of Open Market CLOs are not subject to the risk retention provisions of the Dodd-Frank Act.

The debt ceiling compromise will bring some temporary relief to the securitization market, although the benefits will likely be short-lived.

At the recent American Securitization Forum (ASF) Sunset Seminar, panelists looked back at the first year of Dodd-Frank, saying regulators are still missing the bigger picture.

Europe's reenactment of last summer's sovereign debt crisis heated up as talks of a Greek debt default intensified once again this July.