US CLO league tables: BofA and Citi going down to the wire but Blackstone set to clinch manager crown
20 US CLO managers priced last month to take year-to-date new issue volumes to $114.2 billion. This is $54.7 billion less than 2021’s total new issuance, but $34.1 billion more than 2020 and $6.1 billion more than 2019

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

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

Northwestern Mutual makes US CLO market debut
Northwestern Mutual has become the fifth manager to debut in US CLOs this year

CSAM and CVC take different paths to benchmark 220bp US CLO triple A print
Credit Suisse Asset Management and CVC Credit Partners each came out with a new CLO on Tuesday with senior triple A notes yielding 220 basis points over Sofr, proving the benchmark triple A print for tier one CLO managers is unchanged since October

PPM joins ranks of managers turning to static CLOs
PPM Loan Management Company has become the 12th US CLO manager to print a static CLO this year

Capital Four's US CLO issuance volume passes $1 billion
Capital Four Management priced its third US CLO on Tuesday, bringing its US deals under management to $1.2 billion

US CLO pipeline: PPM returns to playing field after 14-month absence
Five fresh deals have made their way on to the pipeline this week, including PPM Loan Management company preparing to end its 14-month drought

Plenty more US CLOs in the CCC as buckets pass 5%, finds S&P
US CLO triple C baskets have nudged to 5.02% in November from 4.4% the prior month

Black Diamond prints rare five-year reinvestment CLO with three-year call lock
Black Diamond Capital Management has priced its first CLO in over a year, opting for an unusual duration structure with a full five-year reinvestment period and an unusual three-year call lock

Redding Ridge prints static CLO with a number of unusual structural features
A portion of RR 24's triple A-rated loan tranche can convert to notes, but only up until 21 December

Texas pension allocates $75 million to CLO fund
Texas County District & Retirement System has allocated to its third CLO fund in three years 

US CLO pipeline: Capital Four and GoldenTree structures emerge as pipeline builds
Four more US CLO managers are marketing new issue CLOs to join three holdovers in the pipeline this week

Brigade issues new CLO with unusual call and reinvestment structure
Brigade Capital Management priced a new CLO via Morgan Stanley on Thursday with a rare non-call and reinvestment period duration

Neuberger Berman prints US CLO with senior triple As hitting 220bp benchmark
Neuberger Berman priced a new CLO on Thursday with the deal's triple A notes placing at the current benchmark yield of 220 basis points over Sofr

Manager raises $150 million for first solo captive CLO equity fund
The US manager is on the road fundraising for its third ever captive equity CLO fund, but first under its new branding,

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

LCM passes $1.5 billion CLO new issuance in 2022
LCM Asset Management priced a fourth CLO of the year on Monday, taking its issuance volume for 2022 over $1.5 billion

US CLO issuance to drop 15% in 2023: Barclays
US CLO new issuance is likely to be around $117 billion in 2023, a decline of around 15% on 2022

Mid market CLO league tables: HIG returns to CLOs while Natixis gallops further ahead
Three managers priced a mid market CLO in October as volumes crossed $1 billion for the third straight month

US CLO league tables: Usual suspects keep market rolling as Citi moves within $1 billion of BofA
October experienced $7.1 billion of US CLO issuance with over half of that priced by the managers that occupy one to eight in the US CLO new issue league tables

Global CLO league tables - October 2022 YTD
Global CLO league tables - October 2022 YTD

US CLO pipeline: five-year triple As solidify at 220bp
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals

Refi wall looms over CLOs as a fifth exit reinvestment
Loan and high yield issuers have a decent runway before they have to think about refinancing their debt, but CLO issuers are not sitting quite as comfortably.

US CLO pipeline: issuance expected to slow as blockages emerge
Only three new deals have been added this week to the list of forthcoming CLOs. The pipeline is suffering from some blockage after only four US CLOs priced last week