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. 

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.

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

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

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

Euro CLO league tables: New issues dominate in record-breaking year
The European CLO market bloomed to the fullest in 2018 and new issue volumes broke all records as €27.59 billion of new paper entered the market. Including all forms of refinancings, 2018 volumes reached €43.68 billion – just €2.05 billion short of 2017’s figures

The financial crisis was the making of 'em
Some of the largest and best performing CLO managers before the crisis were fairly nimble by today's standards - but these 1.0 outperformers are now among the biggest names in the industry. 

Euro CLO league tables: Rockford Tower debuts to take manager list up to 41
European CLO volumes picked up in October as €2.4 billion of new issue paper priced, taking up 62.2% of overall volumes as repricings took a back seat.

GSO turns 20 following €410.25 million CLO reset
GSO priced its 20th CLO transaction of the year yesterday, teaming up with Deutsche Bank to reset Griffith Park CLO

GSO's Phoenix Park CLO is reborn following reissue
GSO Capital Partners has reissued its 2014 CLO Phoenix Park via BNP Paribas

Euro CLO league tables: issuance breaks full-year records
Europe’s CLO market entered unchartered territory last month as deal issuance levels smashed both annual and quarterly records

GSO set to reignite 2014 vintage Phoenix CLO
GSO is marketing a reissue of its 2014 CLO that left its reinvestment period in July

Global CLO round-up: buttermilk-shakes things up as CLO spreads go everywhere
Ahead of the US Labor Day weekend, CLO issuers have been grafting away with $6.5 billion pricing across the US market through 11 deals

Global manager moves close to pricing fourth new issue CLO in as many weeks
Issuing CLOs is a walk in the park for one large manager, which is on track to achieve the unthinkable feat of pricing four new issue CLOs in just four weeks

Euro CLO league tables: €5 million separates Carlyle and GSO as volumes hit new heights
As temperatures in Europe soar, so do CLO volumes. Meanwhile Carlyle Group and GSO Capital Partners are separated by the narrowest of margins

Euro CLO league tables: 2018 volumes hit €22.6 billion after flurry of deals in June
The first two quarters of this year have delivered €22.6 billion worth of CLO issuance in Europe, almost matching the €22.7 billion that was issued in the first half 2017

GSO prices €549.75 million short WAL reset of 2013 European CLO
GSO priced Europe’s second largest CLO transaction of 2018 yesterday, according to market sources