Two banks dominate as $102 million trades in CLO secondary market
Two dealers emerged as the dominant players on another busy day in the secondary CLO market yesterday

Goldman prices its first CLO of 2016 in $300 million risk retention deal
Goldman Sachs has arranged its first US CLO of the year, according to market sources

CLO primary spreads show signs of tightening as LCM prices
Primary CLO debt showed some signs of tightening last week as LCM Asset Management priced a risk retention-compliant deal

Apollo to launch ambitious self-sustaining CMV for risk retention
Media reports have suggested that Apollo Global Management is launching a "new firm" to manage CLOs. Creditflux understands that the manager is in fact raising an unusual capitalised manager vehicle for risk retention.

Oak Hill hires bank's former CLO trading head in New York
Sources have told Creditflux that Oak Hill Advisors has pulled off a major coup by hiring a well-known CLO trader to its New York offices  

Octagon prepares its first new US CLO since acquisition by Conning
Octagon Credit Investors is marketing its first CLO since being purchased by insurance asset manager Conning, according to market sources

Verso default triggers CLO 2.0 market's first OC breach
A 2013 CLO US CLO has become the first post-crisis deal to trip an overcollateralisation test, according to CLO-i

Silvermine's junior CLO notes suffer downgrade to triple-C
Silvermine Capital Management has had several outstanding CLO tranches downgraded by Moody's, following a wave of energy-related loan downgrades. However, the deals have made strong recent equity distributions

KKR plans for more CLO risk retention in 2016
US risk retention rules are not due to go live until December, however KKR is set to continue its policy of creating compliant CLOs

Moody's puts marketplace lending ABS on watch after just seven weeks
Tranches in three marketplace lending ABS transactions originated late last year have been put on review for downgrade by Moody's, after a sharp uptick in delinquencies and expected loss rates

HIG continues credit expansion with senior hire in New York
HIG WhiteHorse has hired a former GE middle market specialist as head of its direct lending group, as it continues to expand its credit business

CLO investors pile in with above-par bids for unusual Prudential deal
It is rare that a CLO 1.0 tranche trading above par in the secondary market is considered cheap, but sources say one 2006 vintage bond fit that profile yesterday

Experienced CLO trader to end 15-year stay at bank in New York
Market sources say that a key CLO trader is leaving a bank, which has reduced the amount of capital it is dedicating to the secondary CLO market 

Commodities slump claims its latest victim as Noranda is canned
According to CLO-i data, around $210 million of Noranda's 2019 term loan is held in CLOs, with 83 deals holding some exposure to the name. These deals are set to take a hit after Noranda filed for bankruptcy yesterday

Japanese bank makes landmark investment to boost European CLOs
Carlyle secures key buyer for triple As on recent deal

Goldman markets new $300 million CLO for regular client
Goldman Sachs has begun marketing a new CLO for a regular client, according to market sources.

Alcentra pulls in $110 million from US pension fund for direct lending
Alcentra has secured a further boost to its direct lending business in Europe, after a large California pension fund agreed to put $110 million into its latest fund

CLO managers get a paper cut as Verso files for chapter 11
A handful of CLOs will take a hit after paper manufacturer Verso filed for bankruptcy yesterday

Credit Suisse markets triple-As at 150bp as European CLO nears pricing
Credit Suisse has released price guidance for a large credit manager's debut European CLO, according to market sources