GoldenTree and Partners print European CLOs with 185bp triple As
European CLO triple As have tightened further to 185 basis points over Euribor with both Partners Group and GoldenTree Asset Management pricing deals Friday afternoon

Canyon, M&G and Signal plot Euro CLO debuts as 30 managers line up for 'Q1' pipeline
Over 30 European CLO managers are eyeing up new issue deals in the first quarter of 2023 with an 'aspirational' pipeline, Creditflux has learned, including at least three prospective debut managers

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.

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

Euro CLO market re-opens as HPS breaks new issue duck with triple As at 205bp
HPS Investment Management has become the first European CLO issuer of the year, pricing Aqueduct European CLO 7-2022 and shaving off 10bp off triple A price guidance

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. 

HPS pre-markets 81%-plus ramped European CLO
HPS Investment Partners is pre-marketing a new issue European CLO, which is understood to be over 80% ramped

Euro CLO league tables: Jefferies wins at a canter as fellow newcomer Palmer Square wins in new issues
A year of turmoil in the CLO market inevitably led to European CLO issuance dropping in 2022 from its record 2021

Global 2022 CLO league tables
Global 2022 CLO league tables

CLO rankings: manager AUM, advisory firm and trustees Q4 2022
As 2022 draws to a close manager consolidation through mergers and acquisitions have been balanced out by new market entrants to leave roughly the same number of managers that entered the year, at least for now.

Bain promotes European CLO PM to partner
Bain Capital has promoted its head of European structured credit and liquid credit to partner

CVC plots further quasi-CLOs after landmark €400 million deal
CVC Credit closed a CLO-like’ vehicle backed by senior secured loans in December. Officials at the firm say they are in early stage discussions to launch similar vehicles after interest from equity investors"  

Jefferies promotes CLO pair to managing directors
Jefferies has promoted the co heads of its European CLO primary team to managing directors

Permira closes sixth CLO junior debt and equity fund
Permira Credit has closed its sixth European CLO junior debt and equity fund,  Permira Sigma VI

CLO 2023 Outlook: CLOs look set to rise to the challenge of a tough 2023
CLO researchers had an (understandable) inability to accurately predict the staggering array of macro shocks that affected the CLO market this year. So it comes as a surprise that overall CLO issuance reached a lot closer to anticipated levels than many would have expected back in Q2

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

Euro CLO league tables: Final whistle beckons in close manager race as Jefferies looks to park the bus
Last month, just shy of €3 billion of European CLO paper was priced in the primary market, the most since March and Russia’s war with Ukraine

Global CLO league tables - November 2022 YTD
Global CLO league tables - November 2022 YTD

PM lands at $3 billion credit shop to build European CLO platform
The European CLO manager universe looks set to grow even further, with a Five Arrows portfolio manager having been hired to help build a CLO platform

New credit hedge fund explores European CLO management
A relatively new credit hedge fund has become the latest firm to explore European CLO management, joining the growing list of prospective debut managers

Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles

Bridgepoint set to become 43rd European CLO issuer in 2022
Bridgepoint Credit Management is poised to end a one-year absence from new issue European CLOs with a forthcoming deal expected to price next week

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

Palmer Square includes senior/junior triple As and delayed draw double Bs in Euro CLO
Barclays arranged the €400.8 million deal, which features a one-year reinvestment period 

KKR pulls low-ramp European CLO amid loan rally
KKR is understood to have pulled its new issue European CLO Avoca XXVIII, according to multiple sources. The deal was due to price this week