Squarepoint makes moves to debut as CLO manager
EXCLUSIVE: Global investment firm has been interviewing candidates to launch a CLO business 

The M&A market is normalising – Ares’ Matt Theodorakis
PODCAST: “People are looking to do deals going forward” after taking a pause following ‘Liberation Day’, Theodorakis told Lisa Lee, managing editor at Creditflux, on the latest Credit Exchange podcast

US CLO spreads to widen as uncertainty and tariffs bite – JPMorgan
Higher US tariff levels may lead to CLO spreads widening and pressure US CLO market growth, but new origination has been more resilient than expected, according to JPMorgan analysts in their mid-year CLO outlook report

Tariffs will push up default rates for several years, say agencies and managers
After an uptick in leveraged loan defaults culled weaker credits in 2024, many expected default rates to fall in 2025. But the uncertainty stemming from the Trump administration’s tariffs means those assumptions are now under threat

Fortress and Polen print their first new CLOs of the year
Fortress and Polen Capital have priced their first BSL offerings of the year, both via BofA  

Investcorp Credit’s Jeremy Ghose and Tom Shandell set to exit firm
Investcorp has shaken up its leadership team, with Head of Global Credit Jeremy Ghose to step down and Head of Liquid Credit Investments Tom Shandell also set to leave the firm

Napier Park launches and successfully fundraises for captive CLO equity fund
Napier Park has launched its first global CLO captive equity fund and has already raised a sizeable amount

CLO fundraising round-up - November 2024
CLO funds have had a stand-out year, and both fundraising and fund returns have soared, with managers out in the market with both third-party and captive CLO funds

Polus debuts as US CLO manager with first deal pricing
Polus Capital Management has become the first debut US BSL CLO manager of the year after pricing Polus US CLO I 

Pearl Diver to list new CLO equity fund
Pearl Diver is listing a new CLO equity fund on New York Stock Exchange under "PDCC" ticker

CLO round-up: mid-March 2024
Our roundup of all the action half-way through another spectacular month for the CLO market

CLO market round-up: 27 Nov - 1 Dec
After a busy Thanksgiving week, CLO pricing activity was substantially quieter last week, with only a handful of deals in the market.

Big banks see small changes in CLO holdings — but that may change in third quarter
The major bank buyers of CLO triple A notes saw limited change in their holdings during the second quarter, according to their latest financial statements

CLO round-up: blinded by the tights
Secondary CLO spreads continued to grind tighter this week and, at last, the primary market began to follow in both the US and Europe

CLO round-up: secondary market rallies amid increased primary supply
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion

Barings strikes strategic partnership agreement with Lakemore to support CLO issuance
Barings has entered into a strategic partnership with Lakemore Partners to support the growth of the manager's CLO platform

Sound Point becomes 5th largest CLO manager as Assured deal completes
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world.

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

CLO rankings: manager AUM, advisory firm and trustees Q1 2023
Two acquisitions close to shake up the top and Dechert takes early lead over Milbank in manager counsel rankings

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

Barclays won't let sleeping dogs lie after another Newfoundland CLO reset
Newfoundland CLO, the long running and world's largest balance-sheet CLO, has been given a new leash of life by upsizing in a reset yesterday, according to announcements from Moody’s and Scope Ratings.

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

Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion

Beneath the triple C: Life could be better, but it’s just a letter, under the CCC
Many market participants were eagerly looking forward to a break in December after a gruelling year, but the rating agencies were in no mood to oblige.