Global CLO trading lab: Equity supply spikes as investors go long
CLO equity returned to the secondary market in a big way last week, after a month of very little visibility, with $118.3 million of US CLO and €44.9 million of European CLO subordinated notes on sale

UK pension allocates £2.1 billion to CQS, Neuberger and Oaktree
Three global credit managers have won a total of £2.1 billion in credit mandates from Brunel Pension Partnership, as part of its newly launched Multi Asset Credit Fund.

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

Credit funds at a glance (July 2021)
A round up of fundraising and people moves in credit

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

Neuberger Berman scores June's second tightest US CLO print
Neuberger Berman scored the tightest five-year CLO in over two weeks as the manager priced its latest new issue deal named Neuberger Berman Loan Advisors CLO 43

Two CLO investors win $250 million from US pension
A Rhode Island pension has allocated $250 million to two CLO investors following its new 2% allocation to the asset class earlier this year

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

First Eagle and Neuberger Berman score sub-100bp triple A CLO refi spreads
First Eagle Investment Management and Neuberger Berman each priced CLO refis on Wednesday, with both managers placing their triple As at sub-100 basis point spreads

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

CLO spreads trend tighter as Neuberger Berman scores 153.75bp funding cost
Neuberger Berman has priced the tightest new issue CLO since 9 April, the second time that record has been broken this week as liability spreads finally move tighter

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

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

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Neuberger Berman shaves 33.1bp from 2019 CLO with refi
Neuberger Berman refinanced a 2019 vintage CLO named Neuberger Berman Loan Advisers CLO 31 on Tuesday, leading to the deal's cost of debt tightening by 33.1 basis points

Neuberger Berman issues new US CLO as its 2021 volume spikes to $2.9 billion
Neuberger Berman has finalised its sixth US CLO transaction of the year. Bank of America arranged the $410 million new issue named Neuberger Berman Loan Advisers CLO 41

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Euro CLO league tables: Refi return spurs European CLOs towards record volumes
A record shattering month as refi wave continues

Axa IM leads as ESG grows in European CLO industry
European CLOs are increasingly launching with express ESG mandates embedded as issuers seek to get ahead of what appears to be an inevitable shift towards ethical investing

Neuberger Berman joins tightest CLO resetters with triple As at 104bp
Neuberger Berman has reset its 2017 vintage CLO named Neuberger Berman CLO XVI-S, with the triple A notes printing at just 104 basis points over Libor

Four managers print $1.5 billion CLO refis
Four CLO managers - CVC Credit Partners, CarVal Investors, Ellington Management Group and Neuberger Berman - each priced a CLO refinancing transaction on Friday

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks