CLO spreads are not pricing in recession: JP Morgan
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts

Palmer Square's CLO volumes for 2022 pass $3 billion
Palmer Square Capital Management's 2022 US CLO volumes surpassed $3 billion on Tuesday after it priced its fifth new issue named Palmer Sauare CLO 2022-3

KopenTech launches digital peer-to-peer CLO trading platform
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs

JP Morgan holds place as CLO market's largest noteholder
JP Morgan remained the world's largest CLO noteholder at the end of the first quarter, with $59.69 billion invested in the asset class as of 31 March - an increase of $1.11 billion from year-end

Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds

KKR prints its first static BSL CLO
KKR Credit begun a new series of static CLOs after teaming with JP Morgan on a deal named KKR Static CLO I

Seven dealers join forces over loan/CLO platform led by Bejile's Octaura
The industry-wide initiative to create an electronic loan and CLO trading platform has taken a big step forward with Citi’s Brian Bejile spearheading newly-formed Octaura Holdings. 

Ares prints second loan-only CLO in space of just seven days
Ares Management has priced its second new loan-only CLO in the space of a week

Euro CLO league tables: short on deals but high on drama as new issuance race tightens up
For the second straight month, European CLO volume was below €2 billion, making it the first time there has been back-to-back months of less than €2 billion issued since November and December 2020

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

Weekly new CLO volume hits $2.3 billion with Trinitas US deal
Trinitas Capital Management, the CLO manager arm of Whitestar Asset Management, has become the sixth manager to price a new US CLO this week, bringing weekly supply to $2.3 billion

CSAM prints US CLO with triple As paying 153bp
Credit Suisse Asset Management has priced a new CLO with senior triple A notes yielding 153 basis points over Sofr

Carlyle prepares to sprint after taking plunge with "unramped" European CLO
Carlyle Group has produced what is believed to be a rare print-and-sprint CLO in Europe

Orix returns to CLO primary with rare four-year reinvestment structure
Orix Advisers has returned to the CLO primary market with its first new issue in six months

Sculptor prints first new US CLO of 2022
Sculptor has issued its first new CLO of 2022, teaming up with JP Morgan to print the transaction

US CLO spreads widen with Five Arrows new issue
CLO spreads are extending their widening trend, as Five Arrows Mangers priced its latest new issue with funding costs of 220.26 basis points

Capital Four prints two-year ESG European CLO
Capital Four has become the latest European CLO manager to print a short-dated new issue, with JP Morgan arranging the €351.6 million deal, named Capital Four Euro CLO IV

Minority equity available in Capital Four's forthcoming short-dated Euro CLO
JP Morgan is marketing Capital Four Management’s latest European ESG CLO, anticipated to price at the end of this week or beginning of next week

AMMC and Onex new CLOs add to bumper $2.4bn day for US issuance
American Money Management Corporation and Onex Credit Partners each priced a new CLO on Wednesday, part of a bonanza day for the primary market that brought $2.4 billion of new CLO issuance

Former JP Morgan CIO head of CLO investments lands at big asset manager
An experienced CLO investor, known for buying triple A rated CLO paper for over a decade, has landed at an asset management firm

Global CLO league tables - March 2022 YTD
Global CLO league tables - March YTD

US CLO league tables: BofA marches on as Elmwood climbs to top in new issues
Last month, for the first time since June 2020, no resets or refinancings priced in the US CLO market as market volatility took repricings out of the money. This meant a month-on-month decline of $13.4 billion in overall issuance, but new issuance was still healthy with $11.6 billion pricing in March

CLO managers price with short, medium and long reinvestments as pricing widens
Ares Management, Golub Capital Partners and Partners Group each priced a new CLO on Friday, with each manager taking a different approach to the various duration structures that have arisen amid the current market volatility

PGIM prints latest CLO with triple As paying 138bp
PGIM on Thursday priced its third new US CLO of the year, bringing its issuance volume for the year to $1.57 billion