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Market rallies as key CLO investor retreats
A key CLO triple A investor dropped back from the market in the second quarter of 2019, but, remarkably, CLO spreads tightened as repricings came back and other investors drove demand4 years ago -
Carlyle switches to corp structure as credit portfolio grows 31%
4 years ago
Carlyle Group is set to become a full C corporation, moving away from its publicly traded partnership structure, amid global credit portfolio growing 31% year-on-year, according to the investment firm’s 2019 Q2 results -
Carlyle teams up with Morgan Stanley to reset post-reinvestment CLO
4 years ago
Carlyle Group priced its ninth CLO transaction of the year on Friday, becoming the second manager after PGIM to achieve the feat -
Carlyle targets upper mid-market credit for new $3.1 billion fund
4 years ago
Carlyle Group has raised $3.1 billion for the first fund in its credit opportunities series. -
Mid market CLO league tables: Natixis and Golub reign supreme
4 years ago
June brought just three middle market CLOs pricings with two new issues and one refinancing that totalled $1.6 billion, bringing the year-to-date volume to $9.9 billion. Natixis is the leading arranger, having a hand in 38% of deals -
Euro CLO round-up: returnee CIFC comes full circle, seven years after CLO sale
4 years ago
Having sold a European CLO contract seven years ago, CIFC is back and determined to build on its debut 2.0 European CLO -
Carlyle brings in Kroll to rate new European CLO as spreads tighten
4 years ago
Carlyle Group priced its second new issue European CLO in 2019 in a transaction which went through yesterday via Citi -
Carlyle scores 2019's tightest CLO triple A as it prints via BAML
4 years ago
Carlyle Group has priced the tightest triple A print in the US CLO market of 2019, according to market sources -
Euro CLO b-wic round-up: secondary volumes increase amid demand for short-dated paper
4 years ago
Last week saw over €230 million of European CLO items listed on the secondary market, matching the almost €1 billion seen in refinancing volume. -
CLO pipeline: new business and manager returns add ray of light as arbitrage clouds the picture
4 years ago
The near-term CLO pipeline is shrinking amid familiar cries that the equity arbitrage is challenging. Adding to constraint fundamentals, the usual summer torpor is also approaching. -
Budge up, more new managers are coming
Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack4 years ago -
Budge up, more new managers are coming
Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack4 years ago -
European managers find tight debt execution by refinancing once more
4 years ago
PGIM and Carlyle Group joined the growing list of CLO managers to refinance in Europe since the seven-month refinancing drought was brought to an end last month – and these managers are enjoying tight debt execution on their liabilities -
Carlyle places triple As at 134bp in $463.05 million US CLO reset
4 years ago
Carlyle Group has reset a 2015 vintage CLO with the triple A notes printing at 134 basis points over Libor, according to market sources -
Global b-wic round-up: US CLO equity continues its surge
4 years ago
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity. -
Sungard bankruptcy to cause minor burns for CLOs
4 years ago
A total of $202.5 million of the loan basks in CLO structures - but managers are unlikely to get badly burned, sources say. And CLOs are fairly well-positioned to retain such assets with several structural factors and indenture provisions -
Mid market CLO round-up: Owl Rock perches in the CLO space with debut deal
4 years ago
There was a flurry of activity in the middle market CLO space last week -
Carlyle and PSP join forces for mid market CLO
4 years ago
Middle Market Credit Fund - a joint venture between Canadian pension fund PSP Investments and Carlyle Group - priced its second middle market CLO -
Carlyle resets 2012 CLO for a second time in $615 million deal
5 years ago
Carlyle hits the market with its second reset of the year -
ICG recruits Carlyle official to European subordinated debt and equity team
5 years ago
Intermediate Capital Group has appointed a former Carlyle Group managing director to its team in London -
Creditflux reveals finalists for most competitive Manager Awards ever
5 years ago
To compile the shortlist for the annual Creditflux awards, we select the best performers in credit using a combination of detailed, data-driven metrics. The winners will be announced on 8 May -
Controlling class conditions unshackle CLO managers
5 years ago
CLO managers are looking to the future by incorporating ‘controlling class conditions’ in their CLO documentation, which kicks in if an anchor triple A investor exits their deals -
We can’t hide it any longer, we’re tiering up
5 years ago
With the opening months of 2019 highlighting a clear class system among CLO managers, there has never been a better time to assess tiering. We find that timing, patience and luck all play a role -
Carlyle leads CLO count as it prices third deal of year
5 years ago
With US CLO 2019-1, Carlyle prices its first new US deal after a reset and a new issue in Europe -
Tail wags dog as European CLOs' 108bp benchmark drags loans
5 years ago
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true
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