European reset highlights weakness in mezz despite robust senior demand
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12

The Last Tranche with Christine Ferris
In the latest edition of The Last Tranche podcast we talked to JP Morgan’s global head of CLO primary Christine Ferris about why she loves working with debut managers, despite the extra challenges they face coming to market.

Canyon returns in a big way for second European CLO
Thirteen months after its European debut, Canyon Partners priced its upsized second European deal yesterday

Carlyle joins European rush with new CLO
Carlyle returned to the European CLO market for the first time in 18 months with Carlyle Euro CLO 2024-1

CVC leaves triple As unchanged in rare refi
Goldman Sachs arranged a second European deal of 2024 for CVC Credit Partners last week, with a refi that left the triple As unchanged

Europe sees second CLO reissue of 2024 price
Fidelity Investments priced a European CLO reissue on Monday, according to market sources, following CVC's lead from last month

European CLO issuance continues with new Tikehau deal
The end of last week saw Tikehau Capital pricing its first deal in almost four months. According to market sources the new issue CLO was upsized from EUR 400m.

CVC keeps it tight for new European CLO
CVC Credit Partners hit a milestone on Thursday when it priced CVC Cordatus Loan Fund XXX, which matched this year's benchmark AAA spreads

Chenavari returns to European CLO market after two-year absence
Chenavari Credit Partners returned to the primary market on Thursday for the first time in two years with a new European CLO valued at EUR 409.5m

Alternative asset managers increasingly tapping wealth channel for private credit fundraising
Wealthy individual investors have become increasingly appealing to alternative asset managers looking to raise money for private credit funds as asset managers look to broaden fundraising beyond institutional investors

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class

European CLO market stirs as first refi of the year prices
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year

Partners Group follows KKR below 150 for new European CLO
Partners Group has followed KKR in dipping below the 150 level for European triple-As, with a new issue arranged by JP Morgan weighing in at EUR 403.4m on Wednesday

European triple As drop below 150 as KKR prices new CLO
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR

European CLO primary spreads still have a long way to go
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms.

Sound Point gets issuance flowing again in Europe
Sound Point Capital Management has won the race to price the next European deal, partnering with Jefferies on a new EUR 452.55m deal that sets the benchmark for triple-A coupons at 150 bps over Euribor.

Banks predict steady year ahead
It’s the season for predictions and the CLO market is no exception, with all the banks having their say. We’ve rounded up their forecasts for new issuance and resets in the US and Europe

Demand for European loan format notes increases as Onex prices latest CLO
Consolidating its busy year, Onex Capital Partners has followed up its EUR 351.6m August CLO issuance with another transaction on Friday, arranged by BNP Paribas

JP Morgan makes it eleven for Palmer Square
Hot on the heels of its fourth European CLO pricing earlier in October, Palmer Square priced its fifth European CLO of 2023 on the last day of the month

Arcmont and Barings land direct lending doubles
Readers with long memories may recall that Creditflux used to award a handful of prizes for direct lending funds at the Manager Awards. But this year those gongs were spun out into their own glittering gala.

Direct lenders grab larger share of loan market despite fundraising slowdown
With Debtwire’s European direct lending conference in London next Thursday, we speak to market participants about the dynamic between European syndicated loan market and direct lending

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

Virginia pension discloses $800 million in credit allocations
Virginia Retirement System has disclosed $800 million in credit fund allocations made over the first quarter of this year

LP round up: opportunistic credit dominates as investors allocate $2.2 billion
US institutional investors invested at least $2.2 billion to credit funds in March, according to documents seen by Creditflux, with opportunistic credit funds dominating commitments

Permira prints European CLO via Jefferies
Permira Credit priced its €398 million new issue European CLO, Providus CLO VIII end of last week via Jefferies