- Direct lending (13)
- Emerging markets (1)
- High yield bonds (9)
- Investment grade credit (1)
- Structured credit (2)
- CLO (88)
- Distressed debt (7)
- Credit derivatives (5)
- Leveraged loans (13)
- Real assets (1)
Beneath the triple C: mighty CLO buckets from Akorns grow18 days ago
Rating agencies went on a downgrading spree in February, with Moody’s and Standard & Poor’s cutting 20 corporate names to triple C or below – affecting $2.78 billion of paper in US CLOs and €316.6 million in European CLOs.
European CLO single Bs jump to 1,100bp with GSO deal - but seniors hold firm21 days ago
Junior European CLO spreads have slumped, with GSO Capital Partners pricing new issue single Bs at 1,100 basis points on Friday
Global CLO b-wic round-up: that's another fine mezz you've gotten me into1 month ago
European CLO investors are tripping over themselves to buy mezzanine paper in the secondary CLO market
- Credit Suisse Asset Management has become the leading CLO manager by assets under management globally after finally topping perennial leader GSO Capital Partners. However, CSAM's lead is the size of just one CLO1 month ago
US CRE CLO growth spurt encourages Europeans1 month ago
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.
GSO aims to place US CLOs in Europe1 month ago
GSO Capital Partners has launched a manager entity named Blackstone/GSO CLO Management LLC in an effort to sell US CLOs into Europe.
Global CLO b-wic round-up: US CLO equity returns in big way as four control positions hit the market2 months ago
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
Global CLO b-wic round-up: junior mezz rebounds with busiest week since June2 months ago
Secondary market CLO trading has made a busy start to 2020 with $478.6 million of US deals and €103.3 million of European CLOs up for sale last week
Euro CLO league tables: new issues shatter 2018’s record but total issuance falls2 months 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
Activists sign up to narrowly tailored event protocol3 months ago
The International Swaps & Derivatives Association has signed up 1,298 parties, including nine reference dealers, to a protocol aimed at preventing narrowly tailored credit events (NTCEs).
Global CLO league tables at a glance - November 2019 YTD3 months ago
Global CLO league tables at a glance - November 2019 YTD
Euro CLO league tables: GSO turbos charges its lead over CVC3 months ago
GSO Capital Partners kept hold of the lead in the European CLO manager league tables thanks to its turbo charged reset of Holland Park
CLO pipeline: high triple C bucket opens a Gateway to pricing4 months ago
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions
European CLO round-up: new look turbos power up junior CLO tranches4 months ago
Junior CLO debt investors are getting more defensive and this has resulted in the emergence of new-look CLO turbo tranches
GSO adds turbo tranche feature to European CLO as part of reset4 months ago
GSO Capital Partners has issued a novel single B-rated European CLO tranche that is designed to amortise quickly
Euro CLO league tables: refi market opens up to give KKR best of both worlds4 months ago
European CLO issuance in October crossed €5 billion for the second month this year as managers took advantage of falling spreads and increased demand. In one example, KKR obtained tight senior CLO financing to go with tight mezz spreads from 2017 in a demonstration of expert timing
- European corporate loans can fit into various fund types and this year there has been an increase in managed accounts targeting these assets. But CLOs are still the best structures to house loans4 months ago
GSO's third new European CLO of 2019 shows capital stack divergence5 months ago
Triple A tranche pricing has noticeably improved on European CLOs, but double B and single B pricing not so much
GSO and Deutsche Bank unite to refinance 2017 European CLO5 months ago
GSO Capital Partners has teamed up with Deutsche Bank to refinance the triple and double A debt of its 2017 CLO named Palmerston Park
Euro CLO league tables: repricings take centre stage in bumper month as CVC leaps into first5 months ago
The European CLO market returned with a bang in September as €4.8 billion of issuance priced of which €2.7 billion was in repricings.
Beyond blacklists: the next step in ESG5 months ago
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.
CLOs at a glance5 months ago
A round-up of CLO performance
Global CLO b-wic round-up: US and European double B trading patterns diverge5 months ago
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.
Wells Fargo AM makes big credit hire to co-head its private strategies team6 months ago
Wells Fargo Asset Management has appointed Vincent Lu to co-head the firm’s private strategies, according to an internal memo seen by Creditflux
Euro CLO league tables: before the holidays is the best time to price a deal7 months ago
Over €5 billion of new issue CLOs was priced last month, the first time the market ever crossed that monthly threshold
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