AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

AXA IM reissue sees lower mezz tranches print well wide of guidance
The reissue of the 2016-vintage European CLO saw lower mezz spreads widen markedly compared with earlier guidance to investors three weeks ago

European CLO double-B spreads hit 2024 low, signalling investor confidence
European CLO double-B spreads are falling lower, hitting year-to-date tights for both new issue and reset deals in the past week. Investors are waving off worries about a potential economic slowdown and opting for primary deals over secondary paper.

AXA’s latest new Euro CLO clears with widening mezz spreads
AXA has priced a new European CLO, valued at EUR 401.5m, with the mezz pricing wider than other new issues so far this month

AXA IM Alts launches IG ABS Fund
The latest fund launch by AXA is looking to raise at least EUR 1bn for a broad portfolio of investment-grade ABS assets 

BNP Paribas announces negotiations to buy AXA IM
BNP Paribas said it entered exclusive talks to buy AXA's asset management unit and set-up a partership for EUR 5.1bn

New AXA European CLO shows mezz dispersion
AXA maintained its prolific recent rate of issuance, with a new European deal – the firm’s first for the year – following on from two US deals last month

Natixis markets new AXA European CLO
AXA is among the managers boosting the pipeline of forthcoming European deals, with the manager currently marketing a new European issue via Natixis

Axa ups the tempo for second European CLO reset this year
Europe saw its second CLO reset of the year last week as the 2022 vintage Adagio X was reset by Barclays

CSAM and Five Arrows print Euro CLOs as bwic activity ramps up
Credit Suisse Asset Management and Five Arrows rounded off the week with two new issue European CLOs, while secondary bwic volumes increased week-on-week

Natixis fills European CLO trading seat with hire from buy side
Natixis has filled a gap on its European secondary CLO

Axa CLO fund uses swaps and T-notes as hedges for 'more pronounced' 2023 recession
Axa Investment Managers says it is using swaps and T-notes as hedges for its publicly listed CLO fund, Volta Finance, with the firm believing a recession in 2023 may be more pronounced than expected

Axa IM claims "more than 15 investors" in new European CLO
Axa Investment Managers says that “more than 15” investors allocated to its static European CLO, Adagio X, which closed on Friday

European CLO managers trade loans to avoid (par) burn
Between March and July, European CLO managers traded €21 billion of assets within CLOs that were still in their reinvestment period as opportunities arose amid a weaker macro environment and Russia’s war with Ukraine

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

European CLO primary re-awakens to tune of Adagio X
Axa Investment Managers priced a European CLO on Friday (a few days before anticipated), printing a €324.75 million static deal via Barclays

Axa IM chooses static format for upcoming European CLO
Axa Investment Managers is marketing a static European CLO new issue named Adagio CLO X

Axa IM plots Euro CLO warehouse investment amid loan pressure and possible liquidations
Some European CLO warehouse may face liquidations and there will be further pressure on leveraged loans in the last quarter of the year, according to Axa Investment Management

15 CLO managers aim to print European deals as 'aspirational pipeline' forms
European CLO market participants are doubtful the pace of issuance will return to full swing in September, despite a reasonably healthy forward-looking pipeline.

We can cope with downgrades again

CLO fund appoints former ICG credit head Kershaw as chair
The board of directors of Axa's publicly listed CLO fund, Volta Finance, has appointed former ICG credit head Dagmar Kershaw as company chairman, following the retirement of Paul Meader. Former CLO structurer Yedau Ogoundele also joins as an independent board director 

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

Muzinich adds UK and Ireland institutional sales head
Muzinich & Co has hired a head institutional sales for the UK and Ireland

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds