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 

CarVal and JP Morgan team up for third new CLO in just over a year
CarVal CLO management priced its third new issue US CLO in 13 months yesterday, according to market sources. 

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.

Rockford Tower and JP Morgan team to price new CLO
Rockford Tower Capital Management priced its second new issue US CLO this year, Rockford Tower CLO 2019-2, according to market sources

CLO issuance faces threat amid loan definition dispute
The clash over Millennium Laboratories’ bankruptcy could have ramifications for the CLO market, and it all hinges on the philosophical question: what is a loan?

Arrival of five-year bespokes draws in CLO investors
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.

US CLO league tables: Octagon and Citi lead the way
April was the busiest month yet in the US CLO market this year with $16.42 billion in transactions, beating February by around $500 million. 

Birch Grove becomes 2019's third debut manager
Birch Grove Capital yesterday became 2019’s third debut CLO manager, according to market sources

CLO pipeline: refinancings to make a comeback
CLO refinancings look set to continue their recent surge in the US CLO market, with another five refinancings and two resets appearing in the pipeline.

Octagon's 2019 CLO volume reaches $3.65 billion after sixth transaction
Octagon Credit Investors last week became the first CLO manager to price its sixth transaction of 2019, with a $510.65 million reissue of its 2014 deal, Octagon Investment Partners 20

Price talk circulates for inaugural Birch Grove CLO
Birch Grove Capital is marketing its first ever CLO, on which it is working with JP Morgan

Guardian Life subsidiary prices new issue CLO with triple As at 148bp
Park Avenue Institutional Advisers, the asset management affiliate of insurer Guardian Life, returned to the new issue CLO market yesterday with its latest offering, PAIA CLO 2019-1

Nassau incorporates blended triple A/double A tranche in new CLO
JP Morgan has priced Nassau Corporate Credit’s latest CLO in a five-year reinvestment deal that features a $296.9 million tranche which sits between the triple A notes and double A notes

Onex prices European CLO triple As at 94bp in short-dated deal
Onex Credit Partners priced a €431 million CLO yesterday with a two-year reinvestment period in a rare example of a short-dated new issue in Europe

Elmwood prints $1 billion US CLO with wider double As
This is the manager’s second transaction of the year – and ever 

Bespoke gains pull CLO buyers as market tipped to hit $100bn
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists

Short CLOs come to Europe as Onex markets first new issue since 2017
Short CLO paper is coming to Europe, as Onex Credit Partners is marketing a new deal via JP Morgan with just two years of reinvestment capability

Elmwood upsizes second CLO to $1 billion ahead of pricing
Elmwood Asset Management, the CLO manager seeded by Elliott Management, has upsized a forthcoming second CLO to over $1 billion