Chenavari returns to CLO primary with first new issue in 16 months
Chenavari has returned to the CLO primary market with its first new issue deal since July 2019

CLO pipeline: New issuance pause ends as managers look to gain from rallying spreads
It is two and a half weeks since the last US CLO new issue priced, but that is set to change and Bridgepoint’s debut European transaction on Friday brought an end to Europe’s own two-and-a-half-week primary break

Listed credit fund sheds CLO triple As
Chenavari's listed credit fund, Chenavari Toro Income Fund Limited, has sold European CLO triple A paper to raise cash to answer margin calls related to CLO warehouse and CLO triple A repo exposures

Fund performance: Long-short funds rule in October as CLO funds struggle
A round-up of fund performance

Euro CLO league tables: refi market opens up to give KKR best of both worlds
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing 

Fund performance
A round-up of fund performance click here.

Chenavari joins growing group of CLO managers to refinance 2017 deals
Chenavari Credit Partners on Friday partially refinanced Toro European CLO 3, joining the small but growing list of managers to reprice 2017 CLOs in recent weeks

Chenavari double debt tranche CLO warehouse reduces up-front cash call
Chenavari Investment Managers used a novel approach to warehousing its last European CLO, according to market sources. The firm priced Toro European CLO 6 on 12 July via Morgan Stanley, with sources indicating that the warehouse facility behind the deal had two debt tranches. 

Chenavari prices new issue CLO with triple As at Euribor plus 114bp
Chenavari Credit Partners priced a new issue CLO on Friday known as Toro European CLO 6, marking its first new issuance to come to market via Morgan Stanley

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

Chenavari changes tack and chooses vertical risk retention in first CLO for 17 months
Chenavari Investment Managers is set to end its near 17-month absence from the CLO primary market

CIFC announces four analyst hires in London
CIFC Asset Management says that it has completed phase one of its build-out of a European credit team

It’s going to be a credit picker’s market
Our panel of experts believe that the credit market will be volatile this year, but there will be opportunities in European credit and additional tier one bonds, trups CDOs and unitranches

London-based manager hires BAML to launch its debut European CLO
A large credit manager, with three US CLOs to its name, is preparing its debut European CLO 

London manager prices its largest ever CLO transaction via BNP Paribas
The manager teamed up with BNP Paribas to price its first CLO transaction of the year yesterday

Chenavari originator aims to take risk retention positon in third party's CLO
Chenavari Toro Income Fund, the closed end fund listed on the London Stock Exchange, is poised to act as the risk retaining party for an upcoming European CLO being launched by a “well established CLO manager”

Deutsche Bank revamps and upsizes Chenavari’s debut euro CLO
Deutsche Bank has priced an upsized reset of Chenavari’s inaugural CLO, transforming the €308 million Toro European CLO 1 into a €410 million transaction dubbed Toro 4

Price talk circulates ahead of Chenavari European CLO reset
Chenavari is on course to reset its debut European CLO

Chenavari joins European CLO refi rush
Original arranger secures mandate to refinance Chenavari CLO