Global CLO league tables - January 2023 YTD
Global CLO league tables - January 2023 YTD

BNP launches marketing for Partners Euro CLO
BNP Paribas launched marketing for a Partners Group new issue European CLO yesterday, with pricing anticipated next week.

First new US CLOs of 2023 print triple A notes at 210bp
The first new US CLOs of the year priced on Friday, with triple A spreads coming in significantly tight of market averages from late 2022

US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

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

Euro CLO triple As reach year's widest disclosed levels at 220bp
European CLO triple As have reached the widest disclosed levels of 2022 at 220 basis points over Euribor amid market volatility 

Partners rejigs cap stack as price talk widens on upcoming European CLO
Morgan Stanley is marketing the deal, which it says will price this week

Partners Group looks to join issuance surge with Euro CLO
Partners Group is bringing its second new issue CLO this year

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.

Triple A CLOs continue to gap out in primary as Partners scores 195bp coupon
Partners Group priced its latest CLO on Wednesday, with senior triple A notes paying a coupon of 195 basis points over Sofr, as spreads for first-pay tranches in the primary market trend wider at a rapid pace

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

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

European CLO triple As slide over 30bp in a month
Partners Group has priced Penta CLO 11 today, sources say with the triple A notes pricing at 125bp. This confirms that senior CLO notes are now in the 120-125bp range, having been 30bp tighter just a month ago

CLO managers price with short, medium and long reinvestments as pricing widens
Ares Management, Golub Capital Partners and Partners Group each priced a new CLO on Friday, with each manager taking a different approach to the various duration structures that have arisen amid the current market volatility

CLOs at a glance
A listing of CLOs that have priced in the last month

Euro CLO single Bs widen to March 2020 levels as Partners resets
DMs on the Penta 3 reset were not disclosed but wider volatility in the market has led single B coupons on Penta 3’s deal to blow out to 983bp. But the CLO's senior tranche remained in line with guidance

Partners becomes first manager to refi rather than reset 2020 European CLO
JP Morgan won the mandate to refinance Penta CLO 8, which cuts the deal's cost of debt by 34.6 basis points

Partners goes long again with five-year European CLO
-Partners Group has priced its latest European CLO, named Penta CLO 10

BNP Paribas markets Partners European CLO new issue and PGIM reset
BNP Paribas is marketing a new issue European CLO managed by Partners Group and PGIM’s reset of its 2018 vintage deal Dryden 69, according to market sources

Partners issues three US CLOs in one year for first time
Partners Group has priced three US CLOs in the space of a year for the first time in its history

ESG-compliant CLO manager recycles assets from 2015 deal for upcoming Euro CLO
Recycle your legacy loan assets today, for a better CLO tomorrow 

2020 CLOs find redemption is sweet
The believers have been vindicated with 2020 CLOs among the best-performing of all time by IRR. Even those that have been reset have been a success with par flushes making for huge equity distributions.

Eaton Vance and Partners reset CLOs worth $850.2 million
Eaton Vance and Partners Group each reset a legacy CLO on Friday, with the two transactions worth a combined $850.2 million

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money