CLO pipeline: 2020 absentees join new issue rush
The CLO pipeline is growing by the minute as managers prepare their first new issues of the year after varying lengths out of the market

Fidelity steps into European CLOs with MeDirect deal
Fidelity International is breaking into European CLOs after striking a deal to acquire the CLO management team from MeDirect

CSAM prices benchmark three-year CLO in largest deal for almost two years
Credit Suisse Asset Management has priced the largest US new issue in almost two years, with the Madison Park Funding XLVIII CLO coming on Friday at roughly $850 million

US CLO manager rekindles European CLO ambitions as it launches debut 2.0
A large US CLO issuer has revived its European CLO plans, more than two years on from its failed attempt

Five-year CLO triple As rally to 124bp with Sixth Street US deal
Five-year US CLO triple A spreads have reached 124 basis points after Goldman Sachs priced a $430 million long-reinvestment CLO for Sixth Street Partners on Friday.

Loomis Sayles promotes official to structured credit portfolio manager
The Boston based official will co-manage the Loomis Sayles Investment Grade Securitised Credit strategy with Alessandro Pagani, head of the $30.4 billion mortgage and structured finance team

Three transactions take 2021 CLO refi volumes over $3.5 billion
Another three CLO refinancing transactions priced in the US on Friday, bringing the total volume across refis, resets and reissues in 2021 up to $3.58 billion

Seix CLO passes AMR refi test at second auction
Seix Advisors successfully executed a digital refinancing of its 2019 vintage CLO named Mountain View XIV on Thursday via the applicable margin reset (AMR) process

Stratus-faction: Blackstone climbs back to the top
Nine CLOs in a year crushed by covid takes Blackstone back to the top of the AUM rankings. But for all managers, it was a good effort to get back on track

Prophet ends 2020 on high with new-look structured credit platform
Prophet Capital has revamped the liquidity profile of its structured credit platform after restructuring its CLO and structured credit hedge fund, which it gated back in March amid the market sell-off. The fund manager managed to grow assets under management after 2020's rocky start

US CLO spreads grind tighter with Gulf Stream five-year deal
Gulf Stream Asset Management has priced its third CLO since refashioning itself for the 2.0 era, bringing its total CLOs under management up to $1.4 billion

Bain completes fourth post-reinvestment CLO refi of 2021
Bain Capital has joined the growing trend of managers to refinance CLOs at the end of their reinvestment periods

Refis, resets and reissues back in vogue as four US CLO managers print deals
Various shades of CLO refinancings dominate the US CLO primary market with four deals - two refis, a reset and a reissue - printing on Wednesday for a total volume of $1.1 billion. This surpassed all US CLO refinancings in the six months from March to September last year

MJX prices second CLO transaction of 2021
MJX Asset Management has become the first manager to price a second CLO primary market transaction in 2021

Eagle Point makes large investment in rival's CLO fund
Eagle Point Credit Management has made a large investment in the preferred stock in a competitor's publicly traded CLO fund

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

Beneath the triple C: 13 CLO loans take a dive but defaults subside to a ripple
22 corporate debt issuers were downgraded to triple C or below in November and December by Moody’s or S&P, out of which 13 can be found in CLO portfolios  – hurting $4.55 billion of US CLO loans, €1.87 billion of European CLO portfolios and almost $80 million of middle market CLOs loans, according to CLO-i

MJX prints first reinvesting CLO of the year
MJX Asset Management has become the first CLO manager to print a reinvesting new issue transaction in 2021, teaming up with Jefferies as lead arranger and Bank of America as co-arranger on the $507.3 million deal, named Venture 41

Trinitas teams up with Natixis to refinance amortising CLO tranches
Trinitas Capital Management, the CLO management vehicle linked to Dallas-based Whitestar Asset Management, has priced its first transaction in the CLO primary market of 2021

Blackstone refinances mezz tranches of 2018 bond-heavy CLO
Blackstone Credit has teamed up with GreensLedge to refinance the mezzanine debt notes of a 2018-vintage inaugural bond-heavy CLO named Cirrus Funding 2018-1

Stone Point and Wilton Re invest $100 million in Nassau
Nassau Financial Group says Wilton Reinsurance Company and Stone Point Credit have invested $100 million in its business through a new series of non-cumulative perpetual preferred equity

Trimaran adds to floating CLO refi trend after reworking 2016 CLO
The return of floating-rate CLO tranche refinancing, a trend that emerged in the final weeks of 2020, has continued into 2021 as Trimaran Advisors cut the funding costs on four tranches of Catamaran CLO 2016-1

DFG changes name to Vibrant Capital Partners
New York-based CLO manager DFG Investment Advisers has rebranded under Vibrant Capital Partners

Mid market CLO league tables: Golub makes it four in row and Wells Fargo returns to summit
For the fourth year in a row Golub Capital was the most prolific mid market CLO manager, while Wells Fargo led the mid market CLO arranger league tables for the third time in the last four years

Euro CLO league tables: Killer Bs: Barclays and Blackstone cause buzz to lead new issuance
The coronavirus pandemic-induced volatility had a marked effect on the European CLO market in 2020 with total issuance falling by €18.5 billion and new issuance €7.8 billion lower than 2019’s figures