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

Partners nears $100 billion in AUM as CLOs drive private debt growth
Swiss manager Partners Group has reached $94.1 billion in assets under management, with CLOs boosting the firm’s growth, according to its 2019 annual results  

CLO pipeline: no rest for the wicked as new issues hit the market
CLO market participants do not have the luxury of easing their way back to work with the new issue market up and running and a pipeline that is filling up fast 

Partners Group hires private debt business development head from Bardin Hill
Partners Group has signalled its intention to ramp up its private debt platform with a newly created role 

Partners Group brings global private debt strategy to Australian retail investors
Partners Group has bolstered its private debt offering to retail clients, collecting AUD550 million for a private debt offering which has been listed on the Australian Securities Exchange.

London pension outlines private debt commitments
Barnet Pension Fund has earmarked £30 million for commitments to Partners Group Multi Asset Credit 2019

Private debt boosts Partners' AUM
Partners Group has reached €17.2 billion in private debt assets for the first half of 2019, with private debt experiencing the highest net growth among all private markets, according to an AUM update from the manager today  

Global CLO round-up: it's time to rethink benchmarks
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.

Partners teams with BAML to price US CLO
Partners Group has teamed up with Bank of America Merrill Lynch to price its fourth US CLO since debuting in May 2018

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

Euro CLO round-up: smaller (and newer) issuers print deals as spreads edge wider
It has been a relatively busy week for the European CLO market after three new deals priced to end a 17- day silence in the primary market. The quiet spell was broken by smaller CLO issuers.

Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume.