CLOs

The $1 billion deal included classes A-L-A and A-L-B were offered as loans.

The fund's managers are hoping to replicate the success of their US-focused ETF, which has amassed $17.2 billion in assets under management in less than five years.

Classes A through E, do not allow for payment-in-kind, which allows borrowers to use assets other than cash—such as equity or shares—to make interest payments.

The bank has promoted Steve Baker to global head of CLO primary. George Blair will become head of US CLO structuring.

CLO market strength likely to continue in 2025 if the U.S. economic soft landing remains on track.

Overall CLO growth indicates the asset going mainstream in Europe

The overlooked segment offers a premium over AAAs backed by significant subordination, the firm says.

The $300 million offering marks private-market-specialist StepStone's inaugural middle market CLO.

Deal finds lower pricing and adds a new class of AAA notes.

The fund will invest in the riskiest tranches of bonds backed by leveraged loans.