Partners takes advantage of single B tranche rally with European CLO pricing
Partners Group priced its latest new issue CLO in Europe yesterday as single B spreads fell to their tightest point since year-end 2018

Apollo goes short-dated route for forthcoming European CLO reset
Apollo Global Management is marketing a short reset of its 2014 CLO named ALME Loan Funding III - but price talk is inside a new issue of similar tenor

Partners targets January pricing date for new European CLO
Partners Group is marketing a new issue European CLO, known as Penta CLO 7, via Goldman Sachs

CSO arrangers look to build on $65bn of issuance in 2019
The synthetic bespoke tranche market this year has fallen short of expectations in terms of overall issuance volume, but ends with transformative inroads being made.

PGIM resets European CLO to cross €2 billion in 2019 issuance
PGIM reset its 2015 European CLO today, Dryden 35, via Goldman Sachs. It takes the PGIM’s 2019 European CLO volumes pass €2 billion

Senior European CLO spreads edge wider as PGIM markets reset
PGIM is marketing a reset of a 2014-vintage European CLO with price talk on the floating rate senior notes at 98 basis points, say market sources

KKR bucks trend to refinance older vintage CLO from 2014
KKR Credit partially refinanced its 2014 vintage European CLO named Avoca CLO XI yesterday, according to market sources

Capital Four makes CLO market entry with debut transaction
Capital Four Management priced its inaugural CLO this morning, becoming Europe’s eighth debut manager of 2019

CLO pipeline: Capital time to debut in Europe as liability spreads drop
CLO managers are showing no signs of slowing down, as a further 16 US and five European new issue CLOs, including Capital Four's CLO management debut, appear in the pipeline

New manager premiums collapse as Capital Four markets first CLO
Capital Four Management has launched its first CLO and is marketing the deal via Goldman Sachs, according to market sources

Redding Ridge prices new European CLO with record 158.1bp funding costs
Redding Ridge Asset Management has priced its latest European CLO offering via Goldman Sachs, RRE 3 Loan Management, and in the process it has produced the CLO with the tightest funding costs this year

Any takers for illiquid European CLO equity?
The investor base for European CLO equity is far smaller than for US CLO equity. But for those with the mandate, and willing to stomach the illiquidity, valuations have been strong this year.

Any takers for illiquid European CLO equity?
The investor base for European CLO equity is far smaller than for US CLO equity. But for those with the mandate, and willing to stomach the illiquidity, valuations have been strong this year.

Redding Ridge does away with single Bs as it markets European CLO
Redding Ridge Asset Management is doing away with single Bs once again as it brings its third European CLO to market this year, known as RRE 3 Loan Management

ICG becomes third CLO manager to reset in Europe in one week
European CLO reset volumes last week were higher than for the whole year running up to it, as Intermediate Capital Group on Friday became the sixth manager to price a reset on the continent in 2019

Goldman Sachs brings together private credit businesses, reports Debtwire
Goldman Sachs is unifying two of its private credit units under a single umbrella

‘Ex’ index trades take off as dispersion peaks
A gap is yawning between how the weakest constituents of CDX HY and iTraxx Crossover trade versus their broader portfolios, leading investors to find new ways to hedge and capture idiosyncratic risk.

ICG goes short-dated route as it lines up 2013 European CLO reset
Intermediate Capital Group is lining up a reset of its 2013 CLO named St Paul’s II, looking to optimise the term curve by renewing the reinvestment period for just two years

Ares and Barings lead the way as triple A spreads regain lost ground
CLO triple A spreads in Europe have reached their tightest point in months, with two deals issuing their first pay notes at 108 basis points over Euribor

Barings targets 110-111bp print on forthcoming European CLO
Barings is looking to join the exclusive list of European CLO managers to issue triple As around 110 or 111 basis points over Euribor

GoldenTree prices new issue European CLO as continental volumes pass €2 billion
GoldenTree Loan Management priced its latest European CLO offering yesterday as July new issue volumes on the continent passed the €2 billion mark

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Barclays rehires high yield credit trader from Goldman Sachs
A high yield specialist has become the second credit trader in as many months to rejoin Barclays from Goldman Sachs

Goldman Merchant Bank secures $4.4 billion senior debt capital to deploy
Goldman Sachs merchant banking division has closed its latest senior direct lending fund, Broad Street Senior Credit Partners II

Global b-wic round-up: Short-dated CLO paper hits the market
Last week brought over $800 million of b-wics listed in the US CLO secondary market for the first time this month, with around 10% being paper that had a reinvestment period that ended in 2019.