Global CLO round-up: it's time to rethink benchmarks
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.

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 

New kids on the block dominate awards

Budge up, more new managers are coming

Spotlighting the original originator
Five years ago in Creditflux, we reported on the very first CLO originator fund being launched: Blackstone/GSO Corporate Funding.

Ohio pension backs GSO's upcoming European direct lending fund
Ohio Police & Fire Pension Fund (OP&F) has approved a $50 million commitment to GSO European Debt Fund II

Budge up, more new managers are coming

Global b-wic round-up: US CLO equity continues its surge
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.

Spire wins Creditflux Manager of the Year award
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II

Euro CLO league tables: at long last - a reset, a refi and a debut
A chill swept through the European CLO market in April. While managers priced €3.16 billion of CLOs, it was the slowest month since January. 

CLOs at a glance
A round-up of CLO performance

Two CLO investors leave GSO in London
Two experienced CLO investors have parted ways with GSO Capital Partners in the last few weeks

Return of the refi: GSO produces Europe's first CLO refinancing for seven months
GSO Capital Partners has priced Europe’s first CLO refi transaction since last September, according to market sources

CLO pipeline: managers seek to return as others arrive, after testing Q1
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.

Ares and GSO carry unitranches over €1 billion mark
Flush with cash, European direct lending managers have finally passed the milestone one billion unitranche mark this quarter

Euro CLO league tables: repricings take a back seat while new issues get going
The European CLO market showed signs of kicking back into gear in February with €3.32 billion of issuance

Isda tables plans to rid CDS market of narrowly tailored credit events
After lengthy deliberation, a working group of major firms is today set to publish proposals aimed at ridding the market of ‘narrowly tailored credit events’, whereby borrowers are persuaded to default on debt payments in order to trigger pay-outs for CDS holders

Tail wags dog as European CLOs' 108bp benchmark drags loans
European CLOs usually price on the back of where underlying loans are printing, but this year the reverse looks to be true

GSO plans follow-up European direct lending fund
GSO Capital Partners is putting together a senior debt fund and has the backing of Taiwan Life

Keep calm and buy corporate loans
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

Performing credit tops distressed credit for Blackstone, but credit AUM declines
The firm is looking to boost its direct lending business to gain $10 billion of available capital over the next couple of years

Euro CLO round-up: largest managers brave primary market amid regulatory squeeze
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in

GSO prices Europe's largest new issue CLO in over six months
 Europe’s CLO primary market is taking off, with GSO Capital Partners today becoming the third manager to price a new issue deal on the continent

GreensLedge and NatWest score GSO as euro CLO client
GSO Capital Partners has mandated GreensLedge and NatWest Markets as co-arrangers for its first new CLO of the year, named Crosthwaite Park