By Alastair Sewell, Manuel Arrive, and Brian Knudsen of Fitch Ratings Summary Strong Growth, Low Base: Fitch Ratings estimates that open-ended Europe-domiciled loan funds have had strong average annual growth of 50%-60% over the last five years. However, this comes from a low base: Fitch estimates total assets of just EUR40bn across all European open-ended funds at end-June 2016, with […] Read more »
CLOs: The Comeback Kings
By Torben Ronberg, Head of Sub-Investment Grade at ECM Asset Management “Comeback” is the right way to describe the CLO market this year (Collateralised Loan Obligations – securitised portfolios of predominantly senior secured leveraged loans). Led by the US CLO market, we have seen global issuance YTD in 2014 of a staggering $101.5bn*. 88.5% […] Read more »
KKR Excited By The Potential For Growth Of European Credit Through Avoca
By Hedge Fund Insight staff KKR is in the process of acquiring European credit manager Avoca. During the Fourth Quarter 2013 Earnings Conference Call Scott Nuttall, the Global Head of Capital & Asset Management at KKR & Co LP, talked enthusiastically about the business prospects of Avoca within the KKR framework. Nuttall said that Avoca […] Read more »