US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

US loan managers capture secondary opportunities as new issues struggle
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

Palmer Square tops new issues with 2021's first $1 billion CLO
Palmer Square Capital Management on Thursday priced the largest new CLO of the year with the $1 billion Palmer Square Loan Funding 2021-3, also becoming the US manager with most new issue volume this year

Euro CLO new issue 2021 volumes hit €17 billion as Palmer Square and Invesco price
-Invesco and Palmer Square have become the 35^th and 36^th European CLO managers to price new issues

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

Mezz tightens as Palmer Square and Wells Fargo unite on CLO new issue for first time
Palmer Square Capital Management and Wells Fargo united on Wednesday to print their first ever new issue CLO as a partnership

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Mezz moves tighter than senior notes as Palmer Square refis bond-flex CLO
Palmer Square Capital Management has teamed up with GreensLedge to refinance its sole bond-heavy CLO transaction from 2019

Static CLO funding costs shrink to lowest since 2018 as Palmer Square issues
Palmer Square Capital Management issued a static CLO transaction on Tuesday, with funding costs of just 118.33 basis points over Libor

Axa IM leads as ESG grows in European CLO industry
European CLOs are increasingly launching with express ESG mandates embedded as issuers seek to get ahead of what appears to be an inevitable shift towards ethical investing

Palmer Square prices first CLO with Morgan Stanley
Palmer Square Capital Management has teamed up with Morgan Stanley to print a new CLO for the first time

US CLO league tables: deja vu as static CLO gets primary market moving
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Palmer Square prints first reinvesting European CLO
Palmer Square Capital Management has printed its first ever reinvesting European CLO, following the issuance of two static CLOs since it debuted in the continent in August

US CLO league tables: AGL and JP Morgan topple leaders in new issuance, but Apollo and Citi maintain overall dominance
Only 13 months after setting up shop, AGL Credit Management vaulted itself to the top of the US CLO new issue league tables in 2020

Global 2020 CLO league tables
Global 2020 CLO league tables 

Palmer Square sets tight print with first new issue CLO of 2021
Palmer Square Capital Management has priced the first new CLO of 2021, teaming up with Citi to issue the $401.6 million static transaction named Palmer Square Loan Funding 2021-1

CLO pipeline: managers waste no time cracking open the new year
The US CLO primary market is itching to open shop in 2021 as four refinancings and two resets line up alongside seven managers marketing new deals

US CLO league tables: new issue rankings go to wire as post-pricing upsizes pop up
The new issue US CLO rankings are tightly contested with JP Morgan leading Citi by just $641 million with one month left of the year. Even in December's typically slower weeks this is a closeable gap 

Global CLO league tables - November 2020 YTD
Global CLO league tables - November 2020 YTD

Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs

LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies