Partners saves 55bp with reset of post-covid CLO
Partners Group has reset a post-covid CLO priced in May 2020, pulling the vehicle's funding costs 55 basis points tighter in the process

Credit fundraising: ESG centre stage as capital pours into new strategies
Sustainability was the watchword for fundraising in February, amid a flurry of fund launches as well as first closes for impact funds and sustainable bond funds

AMMC, Marble Point and Partners Group each price US CLO refis
Three CLO managers have priced CLO refinancing transactions, with the three deals combining to a total of $1.03 billion. It brings the total volume of US refi paper in 2021 to $4.94 billion since the new year - just $180.9 million short of total post-covid refis in 2020

European reset wave begins as Partners reworks 2018 CLO
Partners Group’s Penta CLO 5 has become the first European CLO to reset in 2021

Partners teams up with Barclays for first time on new five-year CLO
Partners Group priced its seventh US CLO on Tuesday, and its first one globally to be arranged by Barclays

Partners lines up first European CLO reset in 11 months
Partners Group is laying the groundwork to print one of the first CLO primary transactions in Europe of 2021, having teamed up with BNP Paribas to issue a reset of a 2018 vintage deal

Partners triggers frequency switch event on European CLO
Partners Group has made the rare decision to flip the frequency switch on one of its European CLOs

DFG appoints CEO and makes several promotions including new co-CIO
A Partners Group official has been appointed chief executive officer of DFG Investment Advisers in New York as the firm makes several leadership promotions

Credit Suisse registers €1 billion euro CLO issuance in October as Partners prices
October European CLO issuance stands at just over €2.7 billion, the largest monthly volume since the March sell-off

OC health check: CLOs wake up when September ends
September showed a slight but clear improvement in CLOs’ over-collateralisation test results as 182 CLOs breached an OC test during the reporting period, compared to 198 in August.

CLO pipeline: fixed income giants plan debut 2.0s with Morgan Stanley
Two large fixed income managers are pre-marketing debut 2.0 CLOs

Global CLO b-wic round-up: dealers get involved amid rally, but dispersion persists
The CLO secondary markets returned to form last week with $716.2 million of US CLO bonds and a further €306.5 million of European CLO paper listed. Although for both markets over half of the total volume listed came from Thursday’s scheduled b-wics

Secondary European CLO market kicks into gear with 38 bonds on sale today
The European secondary CLO market is revving up with 38 debt tranches up for grabs across five b-wics today. The auctions take place this morning New York time and feature about €75 million of CLOs from triple As down to single Bs

Global CLO b-wic round-up: CLO lower mezz spreads tighten back after volatile two weeks
Secondary CLO spreads in the US and European markets have recovered after moving wider over the last two weeks

Double B CLOs on downgrade watch up for grabs as market eyes tightening
CLO double B spread averages tightened 24.44 basis points on Wednesday, ending a 22-day widening streak. On Thursday, a b-wic of seven CLO double Bs goes live at 11am New York time and should clarify if spreads will tighten further

Credit Suisse prices one-year reinvestment CLO for Partners
Credit Suisse has priced its fist CLO since 27 February with a $301.3 million new issue for Partners Group named Pikes Peak 6, according to market sources

New slate of US CLOs shows evolving term curve
Three new CLOs are forthcoming from Partners Group, Gulf Stream Asset Management and Onex Credit Partners with each manager opting for a different reinvestment strategy  

Kayne Anderson CLO trades high as double A investors factor in portfolio health
Demand for high quality mezzanine US CLO paper is picking up, according to trader sources, with the most sought after single As trading at about 425 basis points and the best triple Bs trading at 670bp towards the end of last week

Partners becomes second manager to price US and European CLOs in 2020
Partners Group priced its fifth US CLO, named Pikes Peak CLO 5, today, becoming just the second manager to issue CLOs in the US and Europe this year

Partners markets US CLO as it aims to become second transatlantic issuer of 2020
Partners Group is on course to become the second CLO manager this year to price new issue deals on either side of the Atlantic

Euro CLO league tables: three new issues make January just right
Three European managers braved the waters in January to kickstart the CLO primary market

Points up front: Swiss CLO manager is regular as clockwork
The Swiss are known for their meticulous timekeeping and punctuality, so it’s perhaps no surprise that an asset manager based in Zug is crafting a reputation as the most efficient in the CLO market.

Partners takes advantage of single B tranche rally with European CLO pricing
Partners Group priced its latest new issue CLO in Europe yesterday as single B spreads fell to their tightest point since year-end 2018

Licence and registration: loan spreads get speeding ticket as CLOs play catch-up
The sharp rally in corporate credit means that CLO spreads are going to have to rapidly follow suit with investors informing Creditflux that US CLO triple As should be pricing at 105-107 basis points to make deal economics work. 

Partners targets January pricing date for new European CLO
Partners Group is marketing a new issue European CLO, known as Penta CLO 7, via Goldman Sachs