US CLO league tables: Octagon retakes US lead, but CSAM still on top globally
Octagon Credit Investors priced Octagon 45 via Goldman Sachs to overtake CSAM by just $33.3 million in overall US issuance, but CSAM still leads the way in new US CLO and global CLO issuance

We didn’t take full advantage of volatility

CLO supply set for double-digit drop in 2020, says JP Morgan
US CLO supply in 2020 will be as much as 20% down on 2019, while European issuance will fall 13% year-on-year, predict JP Morgan strategists in a research note. Even so, new CLOs should still outpace existing deal paydowns, as well as high yield primary market net new issuance

BlueMountain prices first new issue US CLO for five months
BlueMountain Capital Management has priced its first new issue CLO since May, according to market source

Benefit Street prices $507.85 million US CLO
Benefit Street Partners priced its second new CLO of the year on Thursday, according to market sources

BlackRock brings triple A spreads back to 130bp with new US CLO
BlackRock has priced its latest new CLO named BlackRock XXIII, scoring the tightest triple A print for three months

AGL makes US CLO market debut via JP Morgan
The world welcomed a new CLO manager on Friday as AGL Credit Management priced its first ever transaction, named AGL CLO I

US CLO league tables: CSAM climbs to the top
Only $10.9 billion was brought to the US CLO market last month, while in the middle market CLO space, no deals priced. But Credit Suisse Asset Management dared venture into the primary market and as a result it moves to the top of the league tables

CLO pipeline: newcomers look to impress at debutante ball
The pace of CLO issuance accelerates with each passing week, with debutantes lining up to join more prolific managers as Europe builds momentum and the US floodgates open 

New CLO manager Fort Washington markets debut transaction
Fort Washington Investment Advisors is marketing its first ever CLO, named Fort Washington CLO 2019-1

Trinitas refinances 2017 CLO without renewing its call-lock
Trinitas Capital Management on Friday refinanced two tranches of its 2017 deal Trinitas CLO VI, according to market sources

Park Avenue prices two CLOs in same year for first time
Park Avenue Institutional Advisers yesterday priced its second CLO of 2019, marking the first time the manager has priced two new issues in one year since establishing its platform in 2016

Fort Washington joins growing list of prospective new CLO managers
Fort Washington Investment Advisors is looking to set up a CLO management business, Creditflux has learned

Revived CLO manager Gulf Stream begins warehousing as its team count hits 10
The reborn Gulf Stream Asset Management, led by CLO veteran Mark Mahoney, has begun warehousing its comeback CLO after making a couple of hires

AGL pre-markets debut US CLO
AGL Credit Management is getting its US CLO issuance programme underway less than six months after being formed

Pretium returns with first CLO of the year amid personnel changes
Pretium Credit Management yesterday returned to the CLO primary market with its first transaction of 2019

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.

Nochu's CLO holdings up 8% in Q2 while JP Morgan buys even faster
Norinchukin Bank’s CLO portfolio grew another 8% in the second quarter to JPY 8 trillion ($74.12 billion) by 30 June, according to the bank’s latest quarterly report which was released today

Zais prices new CLO with record five classes of fixed-rate debt
Zais Group has priced a new issue CLO via JP Morgan that issues five classes of debt paying fixed rates of interest

Whitebox debuts with $401 million CLO
Whitebox Advisors yesterday became the seventh debut US CLO manager of 2019, according to market sources

Shenkman affiliate prices first new issue CLO after 12-month hiatus
Romark Credit Advisors, the Shenkman Capital Management affiliate formed for risk retention compliance, has priced the third CLO under its own moniker named Romark CLO III

US CLO league tables: Octagon extends lead as many managers hit starting blocks in June
CLO volumes recovered slightly in the second quarter, with $43.31 billion of primary activity – a 19.97% increase from the $36.1 billion produced in Q1

They said it: "I saw a CLO OM which ran 484 pages"
At Creditflux’s Credit Dimensions event, JP Morgan’s Zaheen Mir argues that CSOs are simpler to understand than CLOs

Past returns: Blocking flexibility of CLO managers
Ten years ago, we reported in Creditflux that JP Morgan had mounted a campaign to stop CLOs changing their trading guidelines. The bank’s treasury desk was and is among the biggest buyers of senior CLO tranches and it convinced other senior investors to block a change that would give CLO managers greater flexibility.

Fresh out the box: manager readies debut CLO via JP Morgan
A US fund manager is launching its debut CLO - and there's not much in the way of triple A debt