Prepayment headwinds should diminish after CLO purchase reduction – Apollo
The firm also said that it is preaching risk reduction after previously noting on its last earnings call that CLO spreads had tightened to unsustainable levels

Laura Coady takes the helm of Blackstone's global CLOs
Coady, who will also serve as head of liquid credit, steps into the role as the firm’s former head of capital formation, Jane Lee departs

First Brands and Tricolor show due diligence matters – Crescent President Chris Wright
PODCAST: There are lots of mixed signals currently in the market, which is creating uncertainty, according to Chris Wright, president of Crescent Capital Group, on the latest episode of Credit Exchange with Lisa Lee

CIC Private Debt prices second CLO, first of 2025
Twelve months on from its inaugural deal, the manager priced Victory Street II, which priced with an impressively small premium for a fresh-faced manager

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal

New European Blackstone CLO prices at 127bps
The manager’s latest European deal, Stannaway Park CLO, showed some evidence of weakening demand in the lower mezz, with its double Bs issuing at 540bps over the base rate

CLO manager rankings by AUM – Q3 2025
Blackstone, Carlyle and Apollo continue to lead the way in Creditflux's latest quarterly CLO manager rankings by global AUM, while BlackRock's acquisition of HPS has catapaulted it into the ranks of the top five managers globally

Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

Redding Ridge prints tightest European reset triple As since April
RRE 10 Loan Management was repriced in a EUR 461.4m transaction arranged by HSBC

Rob Zable returns to CLOs with global role at Guggenheim
EXCLUSIVE: Blackstone’s former global head of liquid credit strategies will now lead the New York-based firm’s CLO and liquid loan effort

Reckoner Capital plans CLO ETF launch in Europe
EXCLUSIVE: The team led by John Kim, previously the head of Eldgridge’s Panagram, has already started two CLO ETFs in the US

M&G prices its second CLO of 2025
Margay CLO IV was M&G’s fourth transaction since it returned to CLO issuance last year

Trinitas and Oaktree price European resets with AAAs at 130
Trinitas reset a 2024-vintage deal, while Oaktree repriced a nine-year-old transaction that was last reset in 2021 at historic tights

Further lawyer moves predicted as competition for legal CLO talent intensifies

EXCLUSIVE: Shortage of talent amongst legal CLO specialists has fuelled speculation of more moves unless law firms prioritise staff retention

Blackstone markets new Euro CLO with AAAs at 127bps, mezz outside recent tights
The triple As are just outside the new tight set last week by KKR's Avoca CLO XXXIV, but guidance for the mezz suggests some market widening

Barings to launch first European multi-currency private credit CLO
EXCLUSIVE: Sterling-euro deal will be the third European private credit CLO to hit the market

Steve Cohen’s Point72 looking to enter the CLO business
EXCLUSIVE: The alternative investment firm is eyeing the CLO space, as the market experiences a boom in issuance and newcomers

Silver Point prices debut Euro CLO
The deal, which priced via JPMorgan, is the first of what is expected to be a wave of debut issues from US CLO managers looking to expand across the pond into Europe

Palmer Square resets four-year-old Euro CLO with increased cost of funding
The repricing of Palmer Square European CLO 2021-2 also saw a significant equity increase accompanying the deal’s EUR 48m debt tranche upsizing

Euro AAAs tighten to mid-120s with new KKR issue
Avoca CLO XXXIV lowered the existing market tight by two bps, to Euribor plus 126bps

Monthly defaults driven by bankruptcies for first time in two years – S&P Global
Five of the eight defaults recorded in September resulted from bankruptcy filings, with three coming from the US, according to a new research report

US Trustee seeks examiner in First Brands bankruptcy, citing USD 2.3bn of missing funds and ‘malfeasance’
The US Trustee has called First Brands' internal investigation insufficient due to the scope of the allegations, while factoring provider Raistone is also seeking an examiner, citing the need for an impartial investigation

Euro new issue AAAs match reset tight with latest Benefit Street Partners print
Jubilee 2025-XXXII priced as a EUR 514m issue via Citi, with its senior triple As clearing at Euribor plus 128bps

Orrick’s CLO coup stuns market, Cadwalader reels
While the departure of David Quirolo and colleagues from Cadwalader, Wickersham & Taft was not unexpected, the scale and speed of the move has sent shockwaves through the US and European credit markets

‘CLO equity isn’t very attractive at the moment’
Investor's Corner with David Altenhofen, Head of Investments at Accunia Credit Management