CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

Carlyle overtakes Blackstone for 2021 US new issue CLO volume
Carlyle Group has overtaken Blackstone Credit for 2021 new issue CLO volume after teaming with Goldman Sachs to issue Carlyle US CLO 2021-5 on Wednesday

PGIM prints new CLO with funding costs of just 156.1bp
PGIM's latest CLO offering, named Dryden 87, priced on Wednesday with 156.14 basis point funding costs

CIFC upsizes April CLO and accommodates double B tightening
CIFC Asset Management has upsized its CLO named CIFC Funding 2021-III by $104.2 million between pricing and closing

KKR, Oak Hill and Madison print combined $1.3 billion CLO resets
KKR Credit, Oak Hill Advisors and Madison Capital each priced a CLO reset on Wednesday, with the three deals amounting to $1.27 billion

Alcentra's global CLO fund closes at $484 million and over 50% deployed
Alcentra has closed its fourth global CLO fund, Alcentra Structured Credit Opportunities Fund IV, at $484 million

Redding Ridge cuts triple C exposure with reset of debut CLO
Redding Ridge Asset Management reset its 2018 CLO RR 1 on Friday, cutting its Moody's Caa concentration from 8.9% to 3.03%, and its S&P CCC concentration from 10.1% to just 3.54% in the process

NYL returns to CLOs with $511 million first-time pairing via Credit Suisse
New York Life Investment Management priced its first new issue CLO in seven months on Thursday

New faces revive old partnership as Z Capital launches triple C-flex CLO
A US CLO is set to market a revival for both manager and arranger with Amherst Pierpont and Z Capital Partners joining forces once again on a triple C-flex deal

Ellington and MJX score refis of 2019 CLOs
Ellington Management Group and MJX Asset Management are the latest firms to print refinancings of 2019 CLOs

Key counterparties make charitable donation as part of new CIFC CLO
CIFC Asset Management’s new US CLO, CIFC Funding 2021-IV, is linked to support for racial justice initiatives, officials working on the transaction have told Creditflux

BofA hires US CLO structurer from JP Morgan
Bank of America has hired a former JP Morgan official to its US CLO structuring team

Fidelity issues loan-format triple As in new US CLO via Bank of America
Fidelity Investments has priced its second new CLO of 2021, naming the deal Ballyrock CLO 16

AGL focuses on ESG-compliance with $603.7 million CLO via BofA
AGL Credit Management has teamed up with Bank of America to issue a new $603.7 million CLO named AGL CLO 12

Post-covid CLO reset market heats up as Jocassee, PGIM and Oaktree price
The post-covid CLO reset spree is well underway as three managers - Jocassee Partners, PGIM and Oaktree Capital Capital Management - reworked deals that originally issued in April or May 2020

LCM and Vibrant print $772.5 million worth of CLO refis
LCM Asset Management and Vibrant Capital Partners have each refinanced legacy CLO tranches, adding another $772.5 million of refi supply

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

CSAM teams up with Nomura on new issue CLO for first time
Credit Suisse Asset Management has completed its third new CLO of 2021 and its first ever new deal to print via Nomura

First Eagle teams with BNP Paribas on US CLO
First Eagle Investment Management issued a new $409.7 million CLO on Friday named Wind River 2021-2

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

Octagon joins ranks of post-covid CLO resetters
Octagon Credit Investors has joined the exclusive group of managers to reset a CLO priced post-covid. The firm teamed up with Citi to rework Octagon Investment Partners 47

Wellfleet CLO reset employs unusual reinvestment duration
Wellfleet Credit Partners priced an unusual CLO reset on Wednesday that extends the reinvestment period of its 2019 deal, Wellfleet CLO X, by 10 months

CLO spreads trend tighter as Neuberger Berman scores 153.75bp funding cost
Neuberger Berman has priced the tightest new issue CLO since 9 April, the second time that record has been broken this week as liability spreads finally move tighter

US CLO spreads tighten sharply as Blackstone prints record fifth new issue of 2021
Blackstone Credit became the first CLO manager to issue five new US CLOs this year on Monday, securing the lowest funding costs in over a month in the process

First Eagle's first mid market CLO from 2019 gets reset treatment
First Eagle Investment Management worked with Natixis on Monday to reset its inaugural middle market CLO from 2019 named Lake Shore MM CLO I