Woah, we’re halfway there
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform

CLO lawyer joins Akin Gump as partner
Akin Gump has brought in CLO specialist Deborah Festa as a partner in its corporate practice in Los Angeles

First Eagle CLO notches up highest control equity trade on b-wic since at least 2017
The fourth control position in a US CLO was listed yesterday at 12pm EST (5pm UK time) as $33.43 million of Wind River 2017-4, a First Eagle managed CLO, was up for sale along with two other US CLO equity items

Canyon joins exclusive group of 2020 CLO resetters with upsized deal
Canyon Partners became one of the early resetters of a 2020 CLO on Friday, upsizing the deal by $165.5 million in the process

Sound Point resets inaugural European CLO with tight triple As
Sound Point Capital Management has reset its inaugural European CLO via Citi

It’s all relative: the Cornetto trilogy of CLO triple Bs
CLO arrangers have let their imaginations run wild when assembling triple-B rated notes – not because these have been tricky to shift, but because there is appetite for triple B CLOs that don't taste vanilla. The result is fat, split and overlapping triple Bs 

Redding Ridge goes tight with new $599.3 million CLO
Redding Ridge Asset Management teamed up with Credit Suisse on Friday to print its third new US CLO of 2021

Neuberger Berman resets US CLO more than one year after reinvestment ends
Neuberger Berman has reset a 2015 CLO more than one year after the deal left its reinvestment period

Elmwood launches new CLO series with $529.5 million Logan CLO I
Elmwood Asset Management launched a new series of CLOs on Friday, printing an irregular deal named Logan CLO I

Market absorbs three CLO refinancings worth $1 billion
Apex Credit Partners, Barings and Voya Investment Management have each refinanced a CLO, with the three deals totalling $1.02 billion

NIBC takes ESG-scored European CLO tally to two with strong execution
NIBC has priced its latest ESG-branded European CLO, North Westerly VII

Record-breaking Apollo and Blackstone European CLOs make first distributions
Two 2020 CLOs managed by Blackstone Credit and Redding Ridge (Apollo) that set equity cover records in the secondary CLO market earlier this year have made their first payments

Mezz narrows as CVC prices tightest Euro CLO since February
CVC Credit Partners has priced its latest European CLO with the tightest funding costs since mid-February

Gulf Stream takes CLOs under management to almost $2 billion
Gulf Stream Asset Management has issued its fourth CLO since reentering the market in 2020, bringing its total deals under management up to $1.9 billion

PGIM cuts 2017 CLO's funding costs by 32.2bp with refi
PGIM teamed up with Goldman Sachs to refinance 2019's Dryden CLO 72 on Thursday, reducing the deal's funding costs by 32.17 basis points in the process

AB and NXT reset middle market CLOs
AB Private Credit Investors and NXT Capital both reset middle market CLOs on Thursday with the two deals adding a further $740.8 million to primary market supply

Capza closes €1.6 billion private debt fund 75% deployed
The European Investment Fund is among the investors in the fund, according to Debtwire Funds Data

Investcorp partially refis European CLO with four months reinvestment left
Investcorp has partially refinanced its 2014 European CLO, Harvest IX, which ends its reinvestment in August

Amherst Pierpont makes big CLO hire as it looks to re-establish new issue business
Amherst Pierpont is looking to revive its US CLO business and has hired someone to lead this effort

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion

Morgan Stanley flies the banner for Brigade and Maranon new CLOs
Morgan Stanley printed two new CLOs this week after scoring mandates from Brigade Capital Management and Maranon Capital

Oak Hill scores April's largest US CLO
Oak Hill Advisors returned to the primary market on Wednesday to issue the largest new US CLO of the month

CVC cuts triple-A costs with $578 million refi of 2019 CLO
CVC Credit Partners has teamed up with Goldman Sachs to refinance its 2019 CLO named Apidos XXXI

ICG upsizes CLO with rare four-year reset
Intermediate Capital Group has priced a CLO reset with an unusual four-year reinvestment extension