Ex-CEO Dondero ordered to pay Highland for breaching restraining order
Highland Capital Management has won a $450,000 award against its founder James Dondero after a Dallas court overseeing Highland’s bankruptcy found that Dondero had breached a restraining order granted in December.

Deutsche Bank arranges third new US CLO of 2021 with $407.9m deal for Sculptor
Deutsche Bank priced its third new US CLO of the year

ArrowMark prints eighth Goldman-arranged CLO
ArrowMark Partners has teamed up with Goldman Sachs to issue its second new CLO of 2021

HPS joins group of managers to upsize CLO equity with reset
HPS Investment Partners has joined the burgeoning group of CLO managers to upsize their equity tranche following a CLO reset

AGL and PGIM reset and upsize 2020 CLOs
AGL Credit Management and PGIM are the latest managers to reset post-covid CLOs issued in 2020, with both managers opting to upsize their deals

CLO pipeline: all-time CLO issuance records come under threat
14 new issues in US and three European new CLOs look to price in the coming weeks

CLO equity fluctuates as resets trigger upsizes and downsizes
A once-rare move of CLO issuers upsizing or downsizing their equity tranches in resets is entering the mainstream

Five Arrows teams up with Citi on new US CLO for first time
Five Arrows Managers has priced its first US CLO of 2021, after printing three deals in 2020

US CLO syndication head leaves Goldman Sachs
The head of CLO and ABS syndication at Goldman Sachs in New York has resigned from his post

AIG joins ranks of post-covid CLO resetters
AIG Asset Management became the 12th manager to reset a post-covid CLO on Tuesday, teaming up with Natixis to rework AIG CLO 2020-1

Brigade marches on as it brings 2021 US CLO new issue volume to $1.7bn
Brigade Capital Management priced its fourth CLO of 2021 on Tuesday, bringing its new issue volume for the year to $1.65 billion

Sancus sails into CLO management with debut deal as triple As hit 132bp
Sancus Capital Management brought its debut CLO to market on Friday via Jefferies, completing its transition from CLO investor to manager

Barclays hires experienced CLO syndication official in New York
The former head of US CLO syndication at a bank has landed at Barclays

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

HalseyPoint brings CLOs under management to $1.75bn with fourth deal
HalseyPoint Asset Management issued its fourth CLO on Friday, bringing its total CLO volume under management to $1.75 billion

Two managers reset huge 2017 CLOs, boosting supply by $2.25 billion
Ares Management and CBAM have each priced resets of CLOs issued in 2017, adding $2.25 billion of supply to the market

CSAM brings 2021 new issue volume over $2.3 billion in US
Credit Suisse Asset Management has priced its fourth US CLO of the year, bringing its issuance volume over $2.3 billion as a result

Credit fundraising: Audax scores big in lighter month
Fundraising markedly dropped in May, but credit funds still amassed $12.8 billion and 10 credit funds reached final closes across a variety of different strategies

Mid market CLO league tables: BlackRock takes new issuance lead with unusual deal via Morgan Stanley
BlackRock became the third mid market CLO manager to price two new issues this year and in doing so took the lead from Golub Capital in mid market CLO new issue league tables

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

Lighten up, these are due an upgrade
CLO triple C buckets were overflowing last year, but the average exposure is now 7.3%. That is still close to trigger levels, but CLO managers are relaxed, as further loan upgrades are on the horizon

Apex becomes 90th manager to print a new issue CLO in 2021
Apex Credit Partners priced its first new CLO of the year on Friday, becoming the 90th manager to do a new issue globally in 2021

Napier Park resets post-reinvestment CLO via Nomura
Napier Park Global has reset its 2016 CLO named Regatta Funding VII, five months after the deal left its original reinvestment period