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Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
4 years ago
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers -
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 -
Euro CLO league tables: three debutants, but familiar faces stay top
4 years ago
June brought €3.4 billion of European CLO issuance between seven new issues and two refinancings. Of the seven new issue European CLOs priced last month, three were from debut managers to the continent -
A round-up of CLO performance4 years ago
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Napier Park joins Europe's CLO manager club after pricing first deal via Citi
4 years ago
Napier Park Global Capital on Friday became the third debut CLO issuer in Europe of 2019, according to market sources -
Napier Park targets 114bp triple A print as it markets first euro CLO
4 years ago
Napier Park Global Capital has begun marketing its debut euro CLO and is targeting a 114 basis point print on its triple As -
Ex-Goldman Sachs official joins Napier Park as inaugural European CLO nears
4 years ago
The firm has hired an ex-Goldman Sachs official to its European credit team -
Napier Park joins growing list of US CLO managers looking to issue in Europe
4 years ago
Napier Park Global Capital has joined the growing list of CLO managers looking to issue in Europe for the first time, according to market sources -
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 -
Barings and Napier Park fight over Duchess VI incentive fee
5 years ago
Napier Park European Credit Opportunities Fund and Barings (UK) faced off in court this week over the payability of an incentive collateral management fee (ICMF) after the 2006-vintage Duchess VI CLO was called by the equity in 2018. Duchess VI CLO. After a two-day hearing, the judge, Lord Justice Vos, reserved his judgment -
CLO docs shed light on implementation of Securitisation Regulation
5 years ago
Market participants are beginning to get visibility on how European CLOs are handling the transparency obligation and the risk of fines under the European Securities & Markets Authority’s (Esma) Securitisation Regulation, according to a report on Creditflux’s sister publication Debtwire -
Points up front: “I always think of myself as Bruce Lee when I’m investing in CLO equity”
5 years ago
An analytical mind, a strong network of industry contacts and an eye for value are vital for a competent CLO equity investor. But don’t forget the one-inch punch -
Napier Park's Secmen: the correlation between day-one arbitrage and final return is quite weak (video)
5 years ago
Napier Park managing director Serhan Secmen spoke with Creditflux's Hugh Minch after his presentation at the Creditflux Symposium earlier this month -
B-wic round-up: secondary CLO market is looking more and more like new issue
6 years ago
2017 and 2018 CLOs flooded the secondary market last week, with bonds referencing Ares Management, LCM Asset Management and Napier Park Global Capital going on sale -
ICG teams up with originator to overhaul 2014 CLO
6 years ago
Credit Suisse yesterday carried out a reset of ICG’s St Paul’s CLO V which not only gives the European CLO a brand new capital structure but also overhauls the way it complies with risk retention rules -
European loan market is no place for a vacation, say CLO specialists
7 years ago
At IMN's CLO conference in London this week the role of tourists - or short-term investors - in the European loan market was a big talking point
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