Benefit Street prints new US CLO
Benefit Street Partners priced a new US CLO arranged by Goldman Sachs

US CLO league tables: BofA takes CLO lead as new issues keep calm and carry on
US CLO issuance dropped last month as the banking crisis gripped financial markets when Silicon Valley Bank and Signature Bank failed and troubled Credit Suisse was sold for below market value

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

US CLO league tables: JP Morgan knocks BofA off top spot and Invesco displaces Palmer Square

28 US CLO managers braved the waters in February and between them, they brought over $12 billion of new issuance to market. This takes the manager base this year to 39 already

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

Benefit Street prints its second reinvesting US CLO in 2023
Benefit Street Partners priced a new US CLO via Bank of America on Tuesday, becoming the first manager to print two five-year reinvestment CLOs in 2023

Credit Rendezvous: Make yourself comfortable, there’s a storm coming
In our Q1 outlook, we speak to Edwin Wilches, PGIM (US CLOs), Mikkel Sckerl and Flemming Dose, Capital Four (European CLOs),  Jim Fitzpatrick, CQS (US loans), Loic Prevot, Polus (European loans), Madelaine Jones, Oaktree (global high yield), Art Penn, Pennant Park (US direct lending), Mattis Poetter, Arcmont (European direct lending), Keerthi Raghavan, Waterfall (structured credit), Ray Costa, Benefit Street (distressed), Grant Webster, Ninety One (Emerging markets), Oumar Diallo, Aeon (real assets) for their views for the upcoming quarter. 

First new US CLOs of 2023 print triple A notes at 210bp
The first new US CLOs of the year priced on Friday, with triple A spreads coming in significantly tight of market averages from late 2022

Benefit Street prints new CLO with 222bp triple As
Benefit Street Partners priced a new CLO on Tuesday with the triple A notes yielding 222 basis points over Sofr

US CLO pipeline: PPM returns to playing field after 14-month absence
Five fresh deals have made their way on to the pipeline this week, including PPM Loan Management company preparing to end its 14-month drought

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Franklin Templeton and Benefit Street launch credit interval fund
The pair have launched a multi-strategy credit interval fund named Franklin BSP Private Credit Fund, which will invest across US private credit

Benefit Street scores market tight 190bp triple A spread on new CLO
Benefit Street Partners priced a new CLO on Wednesday, placing its triple A notes at the market tight spread of Sofr plus 190 basis points

New Benefit Street CLO prices tight of market averages
Benefit Street Partners priced a new CLO on Wednesday with triple A notes 3.8 basis points tight of the 10-day rolling average

Tall Tree CLO stays rooted despite proposed Benefit Street transfer
In January, a notice was sent to investors of Lockwood Grove that Tall Tree Investment Management was set offloading management rights to the CLO to Benefit Street Partners

Franklin Templeton buys Alcentra in $700 million deal
Franklin Templeton has agreed to buy BNY Mellon’s $38 billion credit unit Alcentra, which will see Alcentra combined with Franklin Templeton’s US credit manager Benefit Street Partners

Benefit Street teams up with Natixis for rare four-year reinvestment CLO
Benefit Street Partners priced a rare four-year reinvestment CLO on Monday, working with Natixis to print the deal

Benefit Street hires managing director to lead software and tech private debt origination
Benefit Street Partners has hired a former AB official as managing director to lead the firm’s software and technology private debt origination

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

Timber! Boutique US CLO manager looks to offload deal to Benefit Street
A boutique US CLO manager is set to offload collateral management rights for its 2014 US CLO to Benefit Street 

Barings and Benefit Street bring more than $1bn of CLO new issues
Barings and Benefit Street Partners on Thursday became the latest firms to issue new CLOs, bringing more than $1 billion of deals 

Benefit Street upsizes 2019 CLO by over $50 million with new reset
Benefit Street Partners has teamed up with JP Morgan to reset Benefit Street Partners CLO XVIII, upsizing the deal by over $50 million in the process

Fidelity produces rare 2020 CLO refi as Benefit Street reworks 2017 deal
Benefit Street Partners and Fidelity Investments each priced a CLO refinancing on Monday, with the two deals worth a combined $896 million

Benefit Street scores new $505 million CLO
Benefit Street Partners teamed up with Morgan Stanley on Friday to print a new $505 million CLO named Benefit Street CLO XXIV