BlackRock shifts European CLO leadership with veteran departing
EXCLUSIVE: BlackRock is seeing changes to their CLO team in Europe after agreeing to purchase US-based alternative asset manager HPS

Nuveen prices latest new Symphony CLO
It’s the first new US BSL issue from the manager this year and its fourth deal overall in 2025  

Arcano readies to price first European CLO next week and debut as a new manager
The Madrid-based manager is currently marketing a EUR 406.5m deal via Jefferies  

European spread narrowing sees historically tight deals reset
Both CVC and Five Arrows have reset 2018-vintage transactions  

HPS, Capital Four print 2019-vintage Euro resets
Both deals widened spreads on their triple As and increased their overall cost of funding as part of the repricings  

PGIM prices first new European deal in more than two years
The deal is the fourth offering from PGIM, following three resets, since the US manager resumed printing European deals in November after an extended interregnum  

Canyon prices its third CLO since entering Europe
Canyon Partners has priced its first European CLO since April last year  

UBS prices first new US issue for 2025 close to current AAA tight
The USD 604m deal saw the senior triple-A paper paying 114bps over SOFR  

Fidelity tightens up with first Euro CLO reset of 2025
The repricing set a new year-to-date triple-A tight for European resets of Euribor plus 123bps  

Big managers hold steady in CLO boom
After a late surge, 2024 saw USD 588bn of new global issuance from 1,331 CLOs, as well as the launch of multiple managers. But the biggest players mostly held on to their high rankings

A profitable year for credit funds
An almost 18% rise ensured our CLO fund index was the best performer in 2024. But other credit indices werenʼt far behind as funds across the credit spectrum delivered strong returns

HPS achieves sub-120 AAA spread deals with new US CLO
Having already printed new European and private credit CLOs in 2025, HPS priced its first new US BSL deal of the year  

Ares snatches tightest cost-of-funding crown by slimmest of margins
Ares’ first new European deal of 2025 equalled year-to-date spread tights for every tranche  

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  

Wellington prices impressively tight with latest new-issue CLO
The Boston-based asset manager is building a reputation for pricing tight deals despite its newness to the market    

Partners prices second reset of 2017-vintage Euro deal
The repricing is the manager’s first European deal of the year  

Bain and CVC are marketing new European CLOs looking to price next week
Price talk is circulating for two new European CLO issues from Bain and CVC, both valued at around EUR 405m and arranged by Jefferies  

Permira shifts away from CLO investing with head of structured credit Saeed set to depart
Permira is deprioritizing its CLO investment business as a stand-alone strategy, with CLO investing veteran Jihan Saeed leaving in March  

Investcorp refinances 2019-vintage US CLO
The refi of Jamestown CLO XIV is the first primary market activity by the manager since November  

HPS and Palmer Square CLO AAAs hit 125 in Europe
The two new-issue deals that priced last week were among the tightest to price since the start of the year

Spire hits new 2025 European low cutting AAA spreads to 122
The manager’s first CLO issue of 2025 trimmed three basis points off the previous market tight  

High yield deals pricing far inside of IPTs as January demand drives tightening
High yield bond deals are tightening faster and further from initial price thoughts (IPTs) in 2025, compared to the last quarter of 2024 

Price talk circulates for European PGIM reset in marketing
PGIM is looking to reprice a European 2017-vintage deal next week with a EUR 27.7m equity injection

BlackRock prices inside guidance throughout stack with latest Euro CLO
BlackRock has priced its first European deal of the year and printed the CLO notably tighter than prior guidance 

Morgan Lewis hires CLO specialist Dasha Sobornova for London team
Morgan Lewis has recruited lawyer Dasha Sobornova who was most recently at Akin Gump