Creditflux

Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market
Over $230 million of US CLO equity went on sale last week via bid lists, the first time these assets have made their way to the secondary market in 2020. It also marks the most US CLO equity listed in a week since at least 2018, according to CLO-i

Two CLO control equity pieces go on sale one day before major dates
A pair of control equity positions are up for sale today as investors test the waters in the secondary market

Neuberger Berman splits new CLO tranche into principal and interest
Neuberger Berman has split its latest CLO's double A notes into principal and interest-only bonds, according to market sources, in a structure that echoes the ‘mascot’ features that rose to prominence in the CLO market this year

CLO pipeline: DFG keeps its finger on the pulse
It will be a busy year-end for new issue CLOs in the US. DFG is returning with Pulsar II, using collateral sourced entirely from the secondary market

The ideal home for a loan

Neuberger Berman becomes latest manager to put AMR into CLO
Neuberger Berman on Friday priced its latest CLO offering named Neuberger Berman Loan Advisers CLO 34 via BNP Paribas

Neuberger and BNP Paribas team up for first new CLO as partnership for five years
Neuberger Berman Loan Advisors is teaming up with BNP Paribas on a CLO transaction for the first time in five years

Neuberger Berman prices first ever CLO 2.0 with Credit Suisse
Neuberger Berman and Credit Suisse have issued their first ever CLO as a manager-arranger partnership in the 2.0 era

Controlling equity stake in 2018 CLO fails to trade in secondary market
Over 90% of an equity tranche from a 2018 Sound Point Capital Management CLO was available on b-wic yesterday but failed to trade  

Neuberger Berman holds $1.7 billion final close for private credit fund
The strategy more than doubles fundraising for its predecessor fund NB Private Debt Fund II, which closed in October 2017 with $750 million

Neuberger Berman prices senior CLO triple As at 133bp
Neuberger Berman priced $504.8 million CLO via Barclays last week

Neuberger Berman and Wells Fargo market new issue CLO with mezz price talk
Neuberger Berman has joined the expanding list of CLO managers hoping to issue next week as the primary market slowly wakes after year end

Neuberger Berman nears final close for private credit fund at $1.5 billion
The New York-based manager has raised at least $1.57 billion for its third direct lending fund

Neuberger Berman and Natixis combine to price new US CLO
Neuberger Berman has priced its ninth CLO transaction of the year

Neuberger Berman unveils three European fixed income funds
The three new European fixed income portfolios will be managed by Patrick Barbe and his six-strong team, who all recently joined from BNP Paribas

Neuberger hits benchmark pricing with second reset of 2014 CLO
Neuberger Berman has reset for a second time its CLO XVIII deal, pricing the deal via Barclays with a five-year reinvestment period

Neuberger Berman refinances 2016 CLO with strong triple A print
Neuberger Berman has refinanced a 2016 CLO and in the process the firm appears to have achieved strong price execution

Neuberger Berman picks up fixed income investing team from BNP Paribas AM
Neuberger Berman has bolstered its European fixed income team with the appointment of six professionals from BNP Paribas AM

113bp and 140bp are spreads to beat as Neuberger Berman prices CLO reset
Neuberger Berman has priced its second market-beating CLO transaction in the space of a month by resetting a 2016 deal straight out of its non-call period

Neuberger Berman beats the market as it prices CLO triple As at 114.66bp
Neuberger Berman priced its third new issue CLO of the year yesterday, scoring the tightest pricing execution in a bumper day for the US market

CLO Ucits funds take off despite investment limits
CLO investors are swarming over the Ucits fund market, despite the obvious regulatory headwinds and stringent liquidity requirements associated with these structures

Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

Portfolio manager central to European CLO expansion to leave Neuberger
One of the key figures behind the launch of Neuberger Berman’s European CLO business is set to leave the firm

Natixis prices manager's second new US CLO of 2018
A manager issued its second new CLO of 2018 on Friday, taking its new issue volumes for the year over $1 billion

US manager seeks pastures new as it opens CLO warehouse in Europe
A large US CLO manager is making a move into European CLOs and has hired Barclays to arrange its debut transaction on the continent