Balbec Capital leans toward multifamily as underwriting standards shift
Incentives structure and fewer losses drive commercial real estate collateralized loan obligation issuance over conduit commercial mortgage-backed securities.
Sudden CLO unwind at crescent wipes out owners of riskiest debt
Designating the loans as credit risks gave Crescent broader authority to sell them as it shrank the CLO, allowing it to liquidate the remaining portfolio without approval from subordinated noteholders.
Castlelake first commercial real estate CLO raises $1.1 billion
The collateral pool includes 26 collateral interests backed by 26 commercial multifamily, industrial, hospitality, self-storage, and student housing properties.
Moody’s: CLOs have prepped for worsening credit quality
Liability management exercises are driving defaults and complicating recoveries in collateralized loan obligation pools.
Goldman in talks to buy $37 billion credit firm Palmer Square
The Wall Street heavyweight is in talks to buy Palmer Square Capital Management, the husband-and-wife-run firm that has grown to become one of the biggest issuers of collateralized loan obligations.
Elmwood: Liability management exercises remain top CLO issue
The Elliot-backed manager doubles down on research and expertise to confront market challenges, including tight arbitrage and a looming 2028 debt maturity wall.
Husband and wife plan sale of $37 billion credit firm Palmer Square
Palmer Square engaged bankers who have been fielding offers and whittling down a list of potential bidders.
Citizens Capital Markets gains Rheault and Jones, MDs, for syndicate and capital markets biz
Jones will lead the firm's asset-backed securities (ABS) and collateralized loan obligation (CLO) capital markets efforts, while Rheault will be head of the business' syndicate business.
Global firm appoints Joanna Suna as structured finance partner
Suna is the second structured finance partner to join Hogan Lovells Cadwalader in the last month.
Egan-Jones weighs in ahead of XFLT trustees vote on Octagon removal
Shareholders of XAI Floating Rate & Alternative Income should not support Octagon's removal as the fund's sub-adviser, Egan-Jones said, citing limited benefits to shareholders.
