Multiple managers price first new-issue CLOs of 2025 as dealmaking heats up
Birch Grove, Napier Park, Muzinich and FS Structured Products Advisor have all priced new US BSL CLOs  

Daniel Loeb’s Third Point agrees to acquire Birch Grove
Billionaire Daniel Loeb’s Third Point said it will acquire AS Birch Grove from American Securities, in a move designed to expand the hedge fund's credit capabilities, according to a press release

Birch Grove prints third new US BSL CLO of 2024
Birch Grove Capital's latest CLO has priced with the triple-A notes priced at SOFR plus 139bps

Gamble on shorter non-call pays off for Birch Grove CLO 5
The latest US BSL CLO reset from Birch Grove highlights the dramatic tightening 2023 vintage CLOs can achieve 

Birch Grove prints new CLO in rare co-arranger deal
A new US BSL CLO from Birch Grove is one of just a handful of true multi-arranger deals this year

Birch Grove resets 2022 vintage short-dated CLO
Birch Grove has reset its Birch Grove CLO 4, a short-dated 2022 vintage US BSL CLO

Birch Groves prices latest US BSL CLO
New York-based Birch Grove Capital has undertaken its first activity of 2024, pricing a US BSL CLO in conjunction with Bank of America

Birch Grove prints European risk retention compliant-US CLO
Birch Grove Capital priced a new CLO on Friday, with the deal structured in a way that complies with European risk retention regulations

Birch Grove passes $2 billion CLO volumes after fifth new issue
Birch Grove Capital priced a new CLO on Tuesday, bringing it's issuance volumes to $2.3 billion across five transactions since 2019

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

Birch Grove CLO portfolio grows to $1.9 billion with fourth new issue
Birch Grove Capital's CLOs under management grew to $1.9 billion on Wednesday as the manager priced its fourth new issue

Birch Grove increases CLO issuance pace with second new deal in three months
Birch Grove Capital has accellerated its CLO issuance after teaming up with Goldman Sachs on its third deal, named Birch Grove CLO 3

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

Birch Grove takes second whack at new CLO market
Birch Grove Capital has priced its first new CLO of the year, and its second ever, via Goldman Sachs

CLO pipeline: Birch Grove and Fort Washington dish out first 2021 deals as Carlyle goes for sevenths
CLO investors can feast on a range of deals in the new issue market over the next month. 

Birch Grove merges with American Securities' credit business
US private equity firm American Securities has merged its opportunistic credit business, Ascribe Capital, with boutique alternative credit hedge fund Birch Grove Capital

Birch Grove cuts debut CLO's funding costs by 37.7bp with refi
Birch Grove Capital has refinanced the investment grade tranches of its debut CLO from 2019 named Birch Grove I

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

Volatility wave brings index-linked CLO funds into play
Defensive positioning from loan managers has led to bifurcation in that market, but CLO fund managers are taking an attack-minded approach with ‘index-linked funds’.

Market rallies as key CLO investor retreats

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions

CLOs at a glance

A round-up of CLO performance

Global CLO round-up: new managers put down roots
Birch Grove priced its debut CLO this week while relative newcomers PPM (in the US) and Voya Alternative Asset Management (Europe) grew their CLO AUM.

Birch Grove becomes 2019's third debut manager
Birch Grove Capital yesterday became 2019’s third debut CLO manager, according to market sources

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.