CLO round-up: sentiment improves as multiple breakthrough transactions emerge
New CLO formation slowed this week in the US, while Europe had its second zero-issuance week of the quarter. But there were three major developments: the first CLO refi in15 months, a major investor's first entry into a CLO at the reset stage, and the first middle market CLO arranged by Goldman Sachs.

Goldman Sachs makes middle market CLO debut arranging deal for Blue Owl
Goldman Sachs became a middle market CLO arranger for the first time on Tuesday after issuing a deal for Blue Owl Capital named Owl Rock CLO XIII

CLO round-up: secondary market rallies amid increased primary supply
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion

Canyon issues new CLO with tightest capital structure of the week
Canyon Partners teamed up with Goldman Sachs on Friday to print a new CLO named Canyon CLO 2023-1

Generate readies new CLO for Wednesday with triple As set to print at 198bp
Debt tranches have gone subject for the new CLO from Generate Advisors that is set to price on Wednesday

PGIM joins pricing rush with second deal this year
The US CLO market didn’t let the 4^th of July holiday slow it down last week, and PGIM’s Dyden 107 is among deals looking to price this week.

Fortress teams up with Goldman on $475 million BSL CLO
Fortress Investment Group priced a new transaction on Thursday in its series of CLOs backed by broadly syndicated loans

Birch Grove prints European risk retention compliant-US CLO
Birch Grove Capital priced a new CLO on Friday, with the deal structured in a way that complies with European risk retention regulations

Carlyle tightens its CLO triple A print over 10bp in one month
Carlyle Group has priced a new CLO via Goldman Sachs, and in the process tightened its triple A print over 10 basis points from its previous new issue in April

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

Anchorage issues its first new CLO in over a year
Anchorage Capital Group priced a new CLO on Wednesday, the first new issue from the firm in over a year

Tranches go subject as Carlyle readies first new US CLO in six months
Carlyle Group is readying its first new US CLO of the year and the deal's senior triple A notes went subject at Sofr plus 190 basis points

US CLO league tables: BofA takes CLO lead as new issues keep calm and carry on
US CLO issuance dropped last month as the banking crisis gripped financial markets when Silicon Valley Bank and Signature Bank failed and troubled Credit Suisse was sold for below market value

New CLOs from AGL and Ares amount to almost $900 million issuance
AGL Credit Management and Ares Management both priced a new CLO on Thursday, with the two transactions amounting to $882.75 million issuance

Triple As heading back to 180s as tranches on new Ares US CLO go subject
The tranches on a forthcoming CLO from Ares Management named Ares CLO LXVIII went subject on Monday with triple A spreads set to head back into the 180s

Managing director leaves US CLO trading role at Goldman Sachs
An experienced US CLO trader has parted ways with Goldman Sachs in New York, according to market sources.

Triple A notes come in tight as Elmwood and First Eagle print new CLOs
Elmwood Asset Management and First Eagle Investments each priced a new CLO on Monday, with both deals' triple A notes printing at or tight of the 10-day rolling average for five-year reinvestmenet paper

Sycamore Tree passes $1 billion CLOs under management after third new issue
Sycamore Tree Capital Partners' CLO issuance volumes grew to $1.2 billion on Friday after the firm priced its third new issue since inception

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

Barrow Hanley and Whitebox think alike to launch US CLOs
Two US CLO managers pricing deals within 24 hours of each other is far from uncommon. But when Whitebox Advisors priced its comeback CLO last week on Thursday it could hardly have fathomed that a sibling CLO from Barrow Hanley would price just hours later

Fortress partners with Goldman on new BSL CLO
Fortress Investment Group priced a new CLO via Goldman Sachs on Thursday

Short-dated CLO spreads sit at market wides as OFS and Sycamore print three-year deals
OFS Capital Management and Sycamore Tree Capital Partners each priced a new CLO on Wednesday with a short reinvestment period of just three years

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

FS prices third CLO to make 2022 debut
FS Structured Products Advisor has returned to the market for the first time since 2021, pricing its third US CLO. 

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