CLOs

The securities will mainly hold dollar-denominated floating-rate loans made to US companies. The unit aims to launch the fund in January.

With borrowing costs near multi-year lows, median equity distributions for the securities reached an annualized rate of 12.1%, the lowest since 2020.

Previously, Kim was a managing director in J.P. Morgan Chase & Co.'s strategic investments group, where she managed a diverse portfolio of fintech investments.

While Anthelion's First Brands exposure is dwarfed by other creditors, the firm's investment speaks to how pervasive the company's debt became across Wall Street before its collapse.

Last week, JPMorgan CEO Jamie Dimon raised the alarm over certain corners of the credit markets might see outsized losses if the economy sours.

The five-part deal's longest portion, an 11-year fixed-to-floating rate note, yields 0.92 percentage point more than Treasuries.

The biggest portion of the transaction, the $290 million of class A-1 bonds rated Aaa, were sold to yield 1.33% more than their Secured Overnight Financing Rate benchmark.

Johnson will be based in New York and joins a business development team focused on originating for Sagard's private credit business.

CLOs offer an alternative to investment-grade and junk corporate bond markets, which are trading at very thin premiums to Treasuries. They bundle leveraged loans into bonds of varying risk and reward, allowing managers to tailor portfolios to specific investors tolerances.

When weighing investments, the CLO equity investor also considers strategies on liability management exercises when considering investments.

The region is poised for growth, given the untapped market potential and deglobalization, which will force greater autonomy from the US and drive increased spending.

Strategically introducing AI bolsters FIS' value added services, and improves clients' scalability and decision-making.

The development bank's finance arm has bundled up exposures in loans it made to 57 companies across regions like Eastern Europe, South America and Asia, in a first for the bank.

Throughout Kolyer's career he innovated securitization structures with commercial real estate and residential mortgages, commercial and consumer receivables.

CLO and ABS issuance continues apace as spreads remain tight

Antitrust prosecutors in New York seek to determine whether investors with an equity stake in the $1.3 trillion CLO market illegally coordinated as the underlying buyout debt was repriced.

The collateral is a portfolio of well-diversified, primarily senior secured leveraged European loans and bonds.

Managers of collateralized loan obligations are struggling to make the numbers work after high demand from investors enabled borrowers to squeeze their interest margins.

The proceeds will finance the portfolio, which trades in the primary and secondary loan markets.

The CLO will include a $500 million portfolio of first-lien senior secured leveraged loans.