Randy Plavajka
The index stood at 19.73 percent in July, compared to 19.35 percent in June.
Private credit is stepping into situations that may have been funded by a regional or national bank a year ago.
Legislative changes planned by the US Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation would affect banks with more than $100bn in assets.
The manager expects high interest rates and lower deal volumes to restrict broader CLO market comeback.
Northmarq has arranged and facilitated recapitalizations for four assets across the state over the course of a week.
Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.
Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.
Alere to use funding to recap assets across Los Angeles, Orange County and the Inland Empire.
Lack of money center banks is creating more space for private credit lenders with multifamily, industrial and construction lending.
Agency outlined parameters for prospective buyers across 14 pools of $33.2bn loan book.