At Bank of America Merrill Lynch, they are committed to doing what's right for their clients, investing in communities, and strengthening economies. They operate in over 200 territories and 140 currencies, serving companies and institutions. They develop actionable insights, based on their deep experience, in-depth research and broad perspective. Beyond ideas, they partner with their clients to deliver powerful solutions. They offer a full range of banking, investment management and risk management products and services that help clients thrive in a changing world.
From local communities to global markets, they are dedicated to shaping the future responsibly. www.bankofamerica.com
Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 120,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit their website home.barclays
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (www.cib.bnpparibas.com) is a leading provider of solutions to two client franchises: corporate and institutional, and operates across EMEA (Europe, Middle East, Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in debt capital markets and derivatives. It is a top European house in equity capital markets, and it has leading franchises in specialised financing. In securities services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialised financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2016, BNY Mellon had $29.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow them on Twitter @BNYMellon, or visit their newsroom at www.bnymellon.com/newsroom for the latest company news.
Cadwalader, Wickersham & Taft is proud of 225 years of service to many of the world's most prestigious institutions. With more than 400 attorneys in their offices in New York, London, Charlotte, Washington and Brussels, the firm offers clients innovative solutions to legal and financial issues in a wide range of areas. With a Creditflux no.1 global position as CLO Arranger's Counsel and a market leader as CLO Manager's Counsel, Cadwalader's securitisation and structured finance team is an acknowledged legal industry leader in the creation and structuring of securitisations, derivatives, synthetic securities, and other structured finance products. They represent issuers, underwriters and collateral managers in CLO transactions and related product types, and have extensive experience with both "cashflow" and synthetic total return structures as well as risk retention funds. Cadwalader has acted as deal counsel in CLO transactions since the inception of the CLO market. Their team has assisted clients in bringing hundreds of such transactions to market, closing 54 CLO transactions in 2016, valued at over $25.8 billion. www.cadwalader.com
Citi provide world-class financing solutions that are as diverse as the needs of the consumer, corporates, institutions, governments, and individual investors they serve in 160 countries and territories. The breadth, depth, and strength of their underwriting, sales and trading, and distribution capabilities span asset classes and currencies, sectors and industries, covering a vast array of products. Their research and analysis offer the highest-quality corporate, sector, economic, and geographical insights - from equity and fixed income research to market and product analysis - helping individual and institutional clients navigate a complex global marketplace. Citi’s Issuer Services is a business line within Citi Institutional Client Group that supports the issuance and administrative needs of global institutional clients through two key business segments, namely Agency and Trust and Depositary Receipt Services. Citi’s Issuer Services is a leading provider of transactional services with a unique blend of experience, global reach and superior services. The Agency and Trust business administers in excess of $4 trillion in fixed income and equity investments on behalf of over 3,000 clients worldwide. The Depositary Receipt Services supports over 250 programmes and helps companies connect to new markets and raise capital worldwide. www.citigroup.com
Credit Suisse is one of the world's leading financial services providers. As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. www.credit-suisse.com
Dechert is a global law firm with more than 900 lawyers in 27 offices. Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, the firm excels at delivering practical commercial judgement and deep legal expertise for high-stakes matters. Dechert’s extensive CLO team is a leader in the CLO market, both in the US and in Europe, representing asset managers, investment banks and investors in broadly syndicated arbitrage CLOs and middle market CLOs and representing asset managers, investors and lenders in connection with establishing and capitalising risk retention vehicles. www.dechert.com
Deutsche Bank is a leading global universal bank. Its businesses encompass a wide range of products and services in investment banking, private and commercial banking, transaction banking as well as in asset and wealth management. The Group operates in all regions of the world. Deutsche Bank is the leader in its German home market and enjoys a strong competitive position in Europe, North America as well as in key emerging markets, particularly in Asia. www.db.com
For 100 years, Fitch Ratings has been making the future a little more predictable through independent and prospective credit ratings, commentary and research. Their global expertise draws on local market knowledge and spans the fixed-income universe. The additional context, perspective and insights they provide have helped the world’s investors fund a century of growth. www.fitchratings.com
The Goldman Sachs Group is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centres around the world. www.goldmansachs.com
Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 35 million clients spread over two retail banking networks, Banque Populaire and Caisee d'Epargne. With more than 16,000 employees, Natixis has a number of areas of expertise that are organised into three main business lines: corporate & investment banking, investment solutions & insurance, and specialised financial services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors, as well as the client base of individuals, professionals and small and medium-sized businesses of Groupe BPCE's banking networks.
Figures as of December 31, 2016
Paul Hastings provides innovative legal solutions to many of the world’s top financial institutions and Fortune 500 companies in markets across Asia, Europe, Latin America, and the United States. Our Structured Credit and CLO practice brings together market-leading lawyers who advise arrangers, collateral managers, investors, and counter-parties in CLO, credit derivative, and other structured credit transactions. We bring a multidisciplinary, team approach to our work, providing clients with an integrated service offering that ensures careful consideration of all aspects of a transaction. Our group works closely with securities, finance, tax, regulatory, restructuring, investment advisory, and ERISA lawyers from across the firm’s global platform to provide the right expertise for each transaction. www.paulhastings.com
S&P Global Ratings is the world's leading provider of independent credit ratings. Their ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. They have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. The offer an independent view of the market built on a unique combination of broad perspective and local insight. They provide their opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.
Wells Fargo is an investment bank with more than 4,000 team members in 40+ offices across the United States, Europe, and Asia, focused on middle-market and large corporations and global institutional investors. They offer full service, market-leading investment banking and capital markets services, including mergers & acquisitions, debt capital markets, equity capital markets, loan syndications, and private placements. Their sales, trading, origination, and research teams deliver a comprehensive set of capital market products and solutions to clients, ranging from distribution of public debt and equity products to hedging interest rates, commodity, and equity risks. www.wellsfargo.com
Cortland Capital Market Services is a leading independent investment servicing company providing leveraged loan services including administrative agency and successor agency services, ABL servicing, loan administration, reporting, trade settlement, and a material non-public information (MNPI) firewall. For CLO managers we add compliance and waterfall modeling to provide a full middle and back-office solution for CLO managers of any size. Cortland can also provide fund administration, commercial bank loan servicing, securitization services, and middle/back-office support to financial institutions including commercial and investment banks, broker/dealers, fund complexes and asset managers. Combining experienced professionals and proven process technology, Cortland offers the services and technology leading investment managers need to run their middle and back-offices. From offices in Chicago, New York, London, Asia, Los Angeles, Austin, and Indianapolis we serve clients around the globe. Visit us at at www.cortlandglobal.com
Intertrust is a publicly-listed company with more than 60 years' experience in providing world-class trust and corporate services to their clients around the world. Their capital markets team provides the director and administrative services necessary to create, operate and liquidate SPVs and holding companies used in a wide range of structured finance structures. They deliver a complete special purpose vehicle (SPV) solution, including personal director, trustee and registered office services. Intertrust not only ensures smooth and efficient administration through specialist financial and administrative services but, where necessary, work with the best lawyers and advisors to put in place the optimal solution to meet our clients' unique needs. Their over 2,400 professionals, operating out of 30 countries worldwide, provide the regional knowledge and cultural understanding to help their clients succeed. www.intertrustgroup.com
Intex Solutions is the world’s leading provider of structured fixed-income cashflow models and related analytical software, in use by hundreds of leading investment banks, broker dealers, issuers and investment managers worldwide. Intex maintains the most complete and accurate library of CLO, RMBS, ABS and CMBS models from all major world markets. www.intex.com
Mariana Systems is a developer and provider of cloud-based credit and portfolio management technology solutions for the asset management industry. Mariana's flagship product, Fathom, is the first SaaS (Software as a Service) credit investment solution in the industry. This unique technology driven platform allows asset managers and credit professionals to dynamically integrate and support all aspects of the credit portfolio process - from pipeline and lender management through credit research, asset selection, portfolio/credit monitoring, borrowing base management, covenant monitoring and IRR performance tracking. The platform delivers real-time functionality, credit process automation and investor enabled reporting insights. The company's objective is to deliver cost efficient solutions that maximise value in the asset management process. www.marianasystems.com/
Moody’s Analytics helps capital markets and credit risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management.
Sidley Austin is recognised as a global leader in advising on all aspects of CLOs in both Europe and the U.S. Our CLO teams in London, New York and Chicago sit within the firm’s top-ranked Global Finance group that spans both sides of the Atlantic. With lawyers qualified in both English and U.S. law, we have advised on CLO and CDO structures dating back to the inception of the market and have been at the forefront of this market’s return in recent years. Our lawyers act for arrangers, investment managers and investors on public and private transactions. We have also been involved in a number of firsts as the U.S. and European CLO markets have returned. www.sidley.com
TMF Group is a leading provider in specialised administrative and corporate governance services to the securitisation industry. They are experts in CLO transactions - with more than 200 transactions - and were involved in the first European CDOs in 1999. TMF Group have been the provider of choice since the CLO 2.0 revival started in 2013, and have dedicated structured finance services teams located in all key financial capitals. Their committed service, knowledge and expertise are unparalleled. TMF Group operates in more than 80 countries globally. www.tmf-group.com
Trepp acquired Codean, a UK-based firm that delivers data and cash flow analytics for collateralized loan obligations (CLO) as part of its strategy to offer clients broader capabilities across a complementary asset class. Now branded TreppCLO Analytics, the solution suite enables analysis of individual deals or whole CLO portfolios including cash flow projections, flexible waterfall modeling, price/yield/discount margin calculations, and optimal call date determination. www.trepp.com/clo-analytics-solutions
Virtus provides fixed-income collateral administrative services and data on structured and non-structured transactions across a broad spectrum of investment vehicles, including hedge and private equity funds, separate accounts, CLOs, and total returns swaps (TRS). www.virtus.com
Xtract Research makes it possible for loan investors to push back on aggressive terms and understand material risks hours after the term sheet and draft credit agreement are posted. Our experienced finance lawyers from top NY and London law firms provide market participants a cost-effective and more efficient way to analyse credit agreements and track market trends. www.xtractresearch.com/pre/
Acis Capital Management, L.P. was founded in 2010 as an affiliate of Highland Capital Management, L.P. ("Highland"). Highland was founded by Jim Dondero and Mark Okada in 1993 and is considered one of the early pioneers of CLO management. The firm raised one of the first non-bank CLOs in 1996, and has since become one of the biggest names in the business. Acis was founded to take Highland's structured credit business into the CLO 2.0 era. Since its inception, Acis has launched six in-house CLOs for a total of $3 billion and won a replacement manager contract for Hewett's Island CLO I-R. The firm also manages over $2bn in secondary CLO investments. Together with Highland, Acis manages $7 billion in CLOs, making them one of the largest CLO managers in the world.
Founded in 2005, CIFC is a private debt manager specialising in secured US corporate loan strategies, with approximately $14.2 billion of assets under management as of September 30, 2015. The parent entity, CIFC LLC, is publicly traded (Nasdaq: CIFC). CIFC Asset Management LLC, an indirect subsidiary of CIFC, is a SEC-registered investment adviser headquartered in New York City. Serving over 350 institutional investors globally, CIFC is one of the largest managers of senior secured corporate credit. The Firm's team of over 75 employees includes over 30 dedicated investment professionals averaging 13 years of credit experience. The investment team is led by CIFC's Investment Committee, which has 10 members averaging 24 years of credit experience. The Investment Committee is chaired by the Co-President and Chief Investment Officer, Steve Vaccaro, who has 37 years of relevant experience and has been with CIFC since inception. www.cifc.com
Golub Capital is a nationally recognised credit asset manager with over $20 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized US businesses grow. The firm's award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors. Golub Capital's credit expertise also forms the foundation of its late stage lending and broadly syndicated loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling financing solutions, and they believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com
Founded in 2003, TICC Capital Corp. (NasdaqGS: TICC) is a business development company primarily engaged in providing debt capital to a wide-range of US.-based companies and investing in the equity and junior debt of CLO securitisation vehicles. Oxford Lane Capital Corp (NasdaqGS: OXLC) is a publicly-traded registered closed-end management investment company investing primarily in the equity and junior debt of CLO securitisation vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated. Their investment activities are managed by TICC Management, LLC and Oxford Lane Management, LLC, respectively, both of which are investment advisers that are registered under the Investment Advisers Act of 1940 and headquartered in Greenwich, CT. The investment team is led by an investment committee of Jonathan Cohen, CEO, Saul Rosenthal, president, and Darryl Monasebian, executive VP and head of risk and portfolio management. Other senior members of the investment staff include Debdeep Maji who serves as a senior managing director and is portfolio manager for the firms' CLO investments. For more information, please go to www.ticc.com or www.oxlc.com
Debtwire publishes real-time news and data on high yield, distressed debt, leveraged finance, and restructuring situations globally through its own network of financial journalists and analysts. www.debtwire.com