Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
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

Beyond blacklists: the next step in ESG
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.

Rate cuts force US and Europe price re-adjustment
Central banks’ latest round of interest rate cuts sent relative value between US and European CLOs to head into a whirlwind in recent weeks, sources say

Fair Oaks launches new fund targeting senior CLO paper
Fair Oaks Capital has launched a Ucits fund targeting triple and double A CLOs, according to market sources

US credit managers make ESG breakthrough after taking a first step via UNPRI
Incorporating a framework for investing in companies based on environmental, social and governance (ESG) factors is a challenge that US credit managers are accepting in growing numbers

Market rallies as key CLO investor retreats

Euro CLO league tables: three debutants, but familiar faces stay top
June brought €3.4 billion of European CLO issuance between seven new issues and two refinancings. Of the seven new issue European CLOs priced last month, three were from debut managers to the continent 

CLOs at a glance

Ucits at a glance

Investors undervalue CLOs by ignoring Euribor floor, Fair Oaks says
Some investors are undervaluing European CLOs by ignoring the value of the Euribor floor, according to a note published by Fair Oaks Capital

Fair Oaks prices €332 million debut CLO via Deutsche Bank
Fair Oaks Capital became a first-time CLO manager today, issuing its debut deal named Fair Oaks Loan Funding I

CLO pipeline: new business and manager returns add ray of light as arbitrage clouds the picture
The near-term CLO pipeline is shrinking amid familiar cries that the equity arbitrage is challenging. Adding to constraint fundamentals, the usual summer torpor is also approaching.

CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.

Fair Oaks goes for short reinvestment as it markets debut euro CLO
Fair Oaks Capital has gone for the short-dated route for its debut CLO, Fair Oaks Loan Funding I, which was launched yesterday via Deutsche Bank

Europe's CLO manager field set to get bigger as managers from all corners aim to break through
Regulation does not always impair activity

Large, liquid loans aren’t always perfect
CLOs could be forgiven for rushing to buy Refinitiv loans — after all it was the biggest LBO since the crisis. But some large managers have abstained, while others have bought opportunistically

Fair Oaks acquires control equity position in new US CLO
Fair Oaks Capital has acquired a control equity position in a new US CLO managed by HPS Investment Partners, according to a stock exchange announcement

Europe’s next generation of CLO managers favour ESG

Job opportunity with Fair Oaks
Fair Oaks is looking to recruit a structured finance analyst in its London offices

European loans specialist joins Fair Oaks and reunites with former colleague
Fair Oaks Capital’s expansion into CLO management has taken another step forward

We are not structured finance investors – we are corporate credit specialists
Fair Oaks' Miguel Ramos-Fuentenebro takes our credit quiz

London-based fund manager announces majority equity purchase in Post CLO
An investor has announced that it has taken the majority equity position in Post CLO 2018-1 via one of its funds

Fight for US loans commences following risk retention U-turn
US CLOs are set to be free from risk retention in the next few weeks. Headache over for US CLO managers? Not really – now it becomes a fight to source the assets that will populate CLOs

Fair Oaks expands into European loans with major hire
Fair Oaks Capital – one of the largest CLO equity investors in the market – has hired a well-known figure in the CLO industry to build a European corporate loan business

Fair Oaks takes majority stake in Mariner’s latest US CLO
London-based Fair Oaks now owns equity in all of Mariner Investment Group's CLO