CLO

University of Phoenix Professional Development Hosts Webinar on How Organizations Can Integrate Traditional Titles With a Skills-Oriented Approach

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목요일, 5월 2, 2024
Professional Services, Education, Business, Human Resources, Continuing, University, Training, CLO, System, Learning, L&D, University of Phoenix, Professional development, Workforce, Primoris Services Corporation, Organization, Creative industries

University of Phoenix Professional Development announces that it will lead a Chief Learning Officer (CLO) webinar for workplace leaders on navigating a skills-based transition in a hybrid approach that maximizes talent potential and organizational agility.

Key Points: 
  • University of Phoenix Professional Development announces that it will lead a Chief Learning Officer (CLO) webinar for workplace leaders on navigating a skills-based transition in a hybrid approach that maximizes talent potential and organizational agility.
  • The webinar, “ Balancing Titles and Skills: Exploring a Hybrid Approach to Skills-Based Structures ,” features a panel of learning and development leaders providing insights on Tuesday, May 14, 2024, at 2:00pm ET.
  • Suzanne Bay, vice president, Strategy, at University of Phoenix will moderate the panel discussion.
  • Attendees will have the opportunity to network with peers and exchange ideas, fostering collaboration and learning within the professional community.

KATHERINE WHALEN JOINS TRAC INTERMODAL AS EVP, CHIEF LEGAL OFFICER

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수요일, 5월 1, 2024
University, CLO, Weil, Gotshal & Manges, Private practice, TRAC, Senior, Notre Dame Law School, Management

PRINCETON, N.J., May 1, 2024 /PRNewswire/ -- TRAC Intermodal, the largest marine chassis provider and pool manager in North America, today announced that Katherine Whalen is joining TRAC as Executive Vice President and Chief Legal Officer (CLO).

Key Points: 
  • PRINCETON, N.J., May 1, 2024 /PRNewswire/ -- TRAC Intermodal, the largest marine chassis provider and pool manager in North America, today announced that Katherine Whalen is joining TRAC as Executive Vice President and Chief Legal Officer (CLO).
  • As CLO, Kate will lead all legal, compliance and regulatory functions across TRAC, and will be the Company Secretary for TRAC's Board of Directors.
  • Kate will also become a member of TRAC's senior leadership team, reporting to TRAC President and CEO Daniel Walsh.
  • "Kate has a very impressive legal background and leadership experience that spans the corporate world and private practice," says Daniel Walsh, President and CEO at TRAC.

Great Elm Capital Corp. Announces First Quarter 2024 Financial Results

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목요일, 5월 2, 2024
CLO, GECCO, Total, Investment, Security (finance)

During the quarter ended March 31, 2024, we deployed approximately $64.2 million into 29 investments(1) at a weighted average current yield of 12.5%.

Key Points: 
  • During the quarter ended March 31, 2024, we deployed approximately $64.2 million into 29 investments(1) at a weighted average current yield of 12.5%.
  • Net expenses for the quarter ended March 31, 2024 were approximately $5.7 million, or $0.66 per share.
  • Net realized and unrealized losses for the quarter ended March 31, 2024 were approximately $3.7 million, or $0.42 per share.
  • The second quarter distribution will be payable on June 28, 2024 to stockholders of record as of June 14, 2024.

Oxford Lane Capital Corp. Provides Preliminary Estimates and Financial Highlights for the Fourth Fiscal Quarter 2024

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수요일, 4월 17, 2024
Core, CLO, NII, LLP, Investment, GAAP, PwC, Bank

The Company will release its fourth fiscal quarter 2024 operating results in May 2024.

Key Points: 
  • The Company will release its fourth fiscal quarter 2024 operating results in May 2024.
  • The preliminary financial data included in this press release has been prepared by, and is the responsibility of, the Company’s Management.
  • PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data.
  • The following table provides a reconciliation of GAAP NII to Core NII (using the mid-point of the preliminary estimate ranges) for three months ended March 31, 2024:

XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.085 per Share

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수요일, 5월 1, 2024
Banking, Professional Services, Finance, Sale, CLO, Investment, Trust, Capital loss, Form 1099, Calendar, Life insurance

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trust’s net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • GAAP”), and, as a result, there may be significant differences between the Trust’s GAAP income and its taxable income.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

KBRA Release Recap of LSTA and DealCatalyst Annual CLO Conference

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수요일, 5월 1, 2024
Professional Services, Finance, Lisp (programming language), KBRA, CLO, LSTA, YTD, Conference, BSL

KBRA releases a recap of the annual CLO Conference hosted by the Loan Syndications & Trading Association (LSTA) and DealCatalyst, which took place at the Marriot Marquis Hotel in New York on April 29-30.

Key Points: 
  • KBRA releases a recap of the annual CLO Conference hosted by the Loan Syndications & Trading Association (LSTA) and DealCatalyst, which took place at the Marriot Marquis Hotel in New York on April 29-30.
  • With over 1,600 attendees, the energetic atmosphere mirrored the “frenetic” pace of collateralized loan obligation (CLO) market activity so far in 2024, which has seen nearly $60 billion in new issuance year-to-date (YTD).
  • Despite headwinds from sticky inflation, higher for longer interest rates, and rising defaults, the CLO machine continues to hum along, with opportunities up and down the capital structure.
  • In this recap, we provide themes and highlights from select panel sessions, which focused on broadly syndicated loans (BSL), middle market (MM) CLOs, leveraged loans, direct lending, and private credit.

Palmer Square Prices First CLO Issued From its Newly-Public BDC (“PSBD”)

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화요일, 4월 30, 2024
Banking, Asset Management, Professional Services, Finance, Bank of America, CLO, IPO, New York Stock Exchange, Bank, Growth, PSBD, Palmer Square

Palmer Square Capital Management (together with its affiliates, “Palmer Square”), a credit-focused asset management firm with over $30 billion in assets, has announced the pricing of Palmer Square BDC CLO 1, a $400.5 million collateralized loan obligation (“CLO”).

Key Points: 
  • Palmer Square Capital Management (together with its affiliates, “Palmer Square”), a credit-focused asset management firm with over $30 billion in assets, has announced the pricing of Palmer Square BDC CLO 1, a $400.5 million collateralized loan obligation (“CLO”).
  • The vehicle is secured by broadly syndicated loans held by Palmer Square Capital BDC Inc. (NYSE: PSBD) and will be managed by Palmer Square Capital BDC Inc. Palmer Square BDC CLO 1 is the first CLO transaction to be issued out of New York Stock Exchange-traded PSBD, which invests meaningfully in broadly syndicated loans as part of its opportunistic credit / total return investment strategy.
  • With the pricing of this CLO, the Palmer Square platform is actively managing 46 CLOs outstanding, totaling over $20 billion in assets (as of 4/8/24).
  • Year to date, Palmer Square has issued approximately $3.2 billion in CLOs including 2 new issue CLOs, 3 reset CLOs, and 1 refinanced CLO.

Golub Capital Announces $2 Billion Final Close for its Sixth Credit Opportunities Fund

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화요일, 4월 30, 2024
Asset Management, Professional Services, Finance, GEMS, NAV, CLO, Golub Capital, Capital, Financial services

Golub Capital today announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.

Key Points: 
  • Golub Capital today announced the final close of its sixth credit opportunities fund, GEMS Fund 6, L.P. (“the Fund” or “Fund 6”), with $2 billion of investable capital.
  • Fund 6 is the largest Golub Capital Credit Opportunities fund to-date.
  • “We have a proven track record in Credit Opportunities with five successful predecessor funds over the past 17 years,” said David Golub, President of Golub Capital.
  • With a dedicated strategy since 2007, Golub Capital Credit Opportunities leverages the full breadth of the Golub Capital platform’s capital markets, leveraged finance, sales and trading, broadly syndicated loan and direct lending expertise including the ability to identify mispriced value while maintaining a relentless focus on downside protection.

Sculptor Closes European CLO XI Totaling €354 million

Retrieved on: 
화요일, 4월 30, 2024
Banking, Asset Management, Professional Services, Finance, CLO, Sculpture, Partnership, Andrew Kohut, Barclays, Lisp (programming language), Ticker, Security (finance)

Sculptor Capital Management, Inc. (“Sculptor”) today announced the closing of a €354 million European collateralized loan obligation (CLO) transaction, Sculptor European CLO XI (Ticker: SCULE 11).

Key Points: 
  • Sculptor Capital Management, Inc. (“Sculptor”) today announced the closing of a €354 million European collateralized loan obligation (CLO) transaction, Sculptor European CLO XI (Ticker: SCULE 11).
  • This is the second CLO issued by Sculptor in 2024, following the successful closing of its $406 million US CLO XXXII (US CLO 32).
  • In addition, a portion of the equity was pre-placed with Sculptor’s recently launched captive CLO equity platform.
  • Adeel Shafiqullah, Head of European CLO Management at Sculptor, said, “We are pleased to have closed SCULE 11, which continues the expansion of our European CLO business and further demonstrates the benefits of our captive CLO equity platform to investors.

KBRA Releases Research – European CLO Manager Style Comparisons: April 2024 Update

Retrieved on: 
월요일, 4월 29, 2024
Banking, Professional Services, Finance, Credit Suisse, CLO, WAS, KBRA, King Street, VOYA, Opportunism, Research report, KKR, CQS, European, Conservatism, Hunting

KBRA releases a report that examines the different strategies adopted by collateralised loan obligation (CLO) managers.

Key Points: 
  • KBRA releases a report that examines the different strategies adopted by collateralised loan obligation (CLO) managers.
  • An individual CLO manager’s style or approach to investing in a pool of leveraged loans can vary compared to peers.
  • As part of KBRA’s series examining European CLO manager styles, this report examines cross-metric comparisons that could offer insight on potential strategies employed across the market.
  • In a reversion from our October report, conservative managers have become more convincingly conservative, while the more opportunistic managers have become less convincingly opportunistic.