Creditflux

Euro CLO league tables: before the holidays is the best time to price a deal
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold

Nochu's CLO holdings up 8% in Q2 while JP Morgan buys even faster
Norinchukin Bank’s CLO portfolio grew another 8% in the second quarter to JPY 8 trillion ($74.12 billion) by 30 June, according to the bank’s latest quarterly report which was released today

Credit funds at a glance

Anchorage's 2019 volumes pass $2.5 billion as it prices US CLO
Anchorage Capital Group on Friday priced its latest CLO offering named Anchorage Capital CLO 11 via Wells Fargo

Steele Creek prices tight of the market with second new CLO of 2019
Steele Creek Investment Managers has priced its latest new issue CLO, with the triple A notes printing tight of the market at 136 basis points

Steele Creek plans second US CLO of 2019
Steele Creek Investment Management is returning to the CLO market for the second time this year with a deal which is being arranged by Wells Fargo

GoldenTree prices second multi-arranger US CLO of 2019
GoldenTree yesterday teamed up with Wells Fargo to price its latest CLO offering named Goldentree Loan Management US CLO 5

Wells Fargo brings in head of IG credit trading
Wells Fargo has hired a head of investment grade credit trading and a credit sales official to its team in the US

Bridge markets fourth CRE CLO
With three prior deals outstanding, Bridge Investments last visited the market in December

Oaktree prices one of the largest new CLOs of the year
Oaktree Capital Management yesterday priced one of the largest new CLOs of 2019, with the transaction coming in at $748.6 million

GoldenTree prices new issue European CLO as continental volumes pass €2 billion
GoldenTree Loan Management priced its latest European CLO offering yesterday as July new issue volumes on the continent passed the €2 billion mark

Mid market CLO league tables: Natixis and Golub reign supreme
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

AA Battery: GSAM powers back into the CLO market and merges senior tranches
Goldman Sachs Asset Management, itself a large buyer of senior CLO paper, has priced its first 2.0 CLO, but with the absence of a regular triple A-rated tranche

Mid Market CLO league tables: Middle market continues to draw fresh faces
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers.

Benefit Street teams up with Wells Fargo for $508.2 million new CLO
Benefit Street Partners has priced its first new issue CLO of 2019

Audax becomes 2019's sixth debut CLO manager as it prices $499.56 million new issue
Audax Private Debt yesterday became the sixth first-time manager to issue CLOs in 2019, producing its debut deal named Audax Senior Debt CLO I

CSAM ends bumper week with new issue CLO and hybrid CBO
Credit Suisse Asset Management completed four CLO transactions this week after printing one new issue CLO and one hybrid CBO today

CSAM plans double CLO issuance next week with US and EU deals in the market
Credit Suisse Asset Management is preparing to issue two new issue CLOs next week, with one issuance on either side of the Atlantic

Mid market CLO league tables: Owl Rock debuts in big month
With $2.88 billion in transactions, April was the busiest month of the year for middle market CLOs

Managers slide down term curve
PGIM and Voya were among managers issuing short dated deals in the first quarter. These CLOs, along with a surge in b-wics, kept up the supply of short dated paper as refinancings fell away

New Eaton Vance CLO swaps single B interest diversion test for OC test
Eaton Vance Management returned to the CLO primary issuance market yesterday with its first new issue in seven months

Octagon hits 133bp benchmark again for its US CLO triple As
Octagon Credit Investors has priced its third new issue CLO of the year and fifth overall

BlackRock moves along the term curve by pricing five-year US CLO
BlackRock has followed up its three-year US CLO in February with a regular five-year reinvestment CLO. The latest deal has priced well in comparison to the short-dated transaction 

Liquidity and disclosure issues threaten potential CRE CLO market
Most investors that participate in the commercial real estate CLO market want to increase their exposure. But the lack of liquidity and standardised disclosure is holding them back.

Oaktree prices triple As at benchmark spread with new CLO via Wells Fargo
OakTree Capital management priced their first US CLO of the year via Wells Fargo yesterday