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European reset highlights weakness in mezz despite robust senior demand
5 days ago
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12 -
Partnership with Jefferies bears fruit as manager returns to CLO primary
6 days ago
After sitting out 2023, a manager returned to the US BSL CLO primary market on Friday, with a new issue arranged by Jefferies -
Boutique manager chimes in with second European CLO
2 months ago
Signal Capital Partners last week became the latest manager to add to the burgeoning issuance in the European primary CLO market with an upsized EUR 450m new issue deal -
Golub expands fundraising in Latin America with new hire
7 months ago
The new hire from Lazard will work in the US offshore market, alongside institutional and private wealth investors in Latin America -
Golub prints 2023's third largest new CLO
8 months ago
Golub Capital priced the third largest new CLO of the year on Wednesday -
Crescent prints first reinvesting CLO since November
1 year ago
Crescent Capital Group has priced its first reinvesting CLO of 2022 -
Capital Four becomes seventh debut US CLO manager of 2021
2 years ago
Capital Four has become the latest debutant in the US CLO market by printing its first transaction via JP Morgan on Friday -
Euro CLO managers price €1bn as triple As surpass 100bp and capped tranches gain popularity
2 years ago
CBAM, Hayfin Capital Management and GoldenTree Asset Management have all taken to the European CLO primary market, adding €1 billion to 2021 volume -
Blackstone opts for another four-year reinvestment Euro CLO in upcoming reset
2 years ago
Blackstone has followed a four-year new issue with plans for a four-year European CLO reset -
Blackstone, Chenavari, CIFC and Five Arrows add €2 billion to weekly Euro CLO issuance
2 years ago
Nearly €2 billion of European CLO issuance priced this week, with Blackstone, Chenavari, CIFC and Five Arrows adding to Napier Park’s reset earlier in the week -
Voya prints first European CLO transaction of the year with 2019 reset
2 years ago
Voya has carried out its first European CLO transaction of the year, resetting a 2019 vintage deal named Voya European CLO II -
Investcorp takes 2021 European CLO issuance to €2 billion
2 years ago
Investcorp has taken its 2021 European CLO volume to over €2 billion with its latest new issue, Harvest XXVI -
HPS reworks Bardin Hill European CLO for first time since acquisition
2 years ago
HPS Investment Partners has refinanced a 2019 European CLO formerly managed by Bardin Hill -
Permira takes 2021 Euro CLO volume over €1.4 billion with 2019 deal reset
2 years ago
Barclays arranged the €349.7 million ESG-labelled CLO, in a first-time partnership for the pair -
Euro CLO new issue 2021 volumes hit €17 billion as Palmer Square and Invesco price
2 years ago
-Invesco and Palmer Square have become the 35th and 36th European CLO managers to price new issues -
BofA bumps up Euro CLO refi/reset forecast as CVC and CBAM rework 2020 deals
2 years ago
Bank of America analysts revise forecasts of European CLO refinancing and reset volumes this year by €15 billion, as CBAM and CVC become the latest to rework deals -
Spire opts for unusual reissue of 2016 Euro CLO with capped triple A tranche
2 years ago
Spire Partners has taken the unusual route of reissuing a 2016 European CLO, Aurium CLO II -
Brigade prices first European CLO new issue in 20 months
2 years ago
Brigade Capital Management has priced its first new issue European CLO since October 2019, leaving just five managers that have not printed a new issue since 2019 -
HPS inserts loan tranche in European CLO reset
2 years ago
European CLO loan tranches have made another appearance as HPS Investment Partners' resets a 2019 European CLO, Aqeuduct European CLO 2019-3 -
Global CLO b-wic round-up: record level of CLO paper stalls rally
3 years ago
Record levels of primary and secondary CLO supply has left investors spoilt for choice and led to the CLO rally stalling -
It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally
The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen
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It's all relative: Euro CLO mezz rallies to follow month-long IG/HY compression
3 years ago
European credit suffered this week with Brexit talks between the UK and the EU dragging on and both sides conceding that a trade deal is unlikely to be reached by Sunday’s deadline. But European CLO tranches have held up reasonably well with mezzanine spreads tightening by almost 13% in December -
Europe leads corporate credit rally, but US outperforms in CLOs
3 years ago
iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year -
Compression plays out as HY and European CLO double Bs outperform
3 years ago
Investment grade and high yield credit spreads have tightened in sync with each other this week, but CDS and CLOs alike underline that the big theme over the past month has been compression between investment grade and high yield -
Global CLO league tables - April 2020 YTD
3 years ago
Global CLO league tables - April 2020 YTD
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