Partners CLO reset sees triple-As price wide of previous level
The steady stream of European resets continues with Partners Group pricing a reworking of a 2022-vintage CLO

European triple-As move in 5bps as Partners prices new CLO
Partners Group took a big step towards tightening spreads further in Europe, with its latest new issue on Friday pricing its triple-As at 136bps over Euribor

European reset highlights weakness in mezz despite robust senior demand
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12

Partners Group follows KKR below 150 for new European CLO
Partners Group has followed KKR in dipping below the 150 level for European triple-As, with a new issue arranged by JP Morgan weighing in at EUR 403.4m on Wednesday

European triple As go back to 170bps for new Partners Group CLO
Partners Group has priced a new European CLO arranged by Morgan Stanley, with Mizuho acting as co-placement agent

Euro CLO league tables: Three managers take advantage of tightening to kick off the year
The European CLO market started 2023 considerably tighter than where it left in 2022, with triple A spreads tightening by as much as 35 basis points

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.

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.

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

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

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

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Partners prints five-year European CLO with ESG-scored deal
Partners becomes second European CLO manager to breakthrough the five year reinvestment period