Euro CLO league tables: Jefferies wins at a canter as fellow newcomer Palmer Square wins in new issues
A year of turmoil in the CLO market inevitably led to European CLO issuance dropping in 2022 from its record 2021

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

KKR's 2022 US CLO volumes climb to $3.5 billion after eighth new issue
KKR Credit priced its eighth new US CLO of the year on Monday, bringing its new issuance volumes for 2022 to $3.5 billion

KKR pulls low-ramp European CLO amid loan rally
KKR is understood to have pulled its new issue European CLO Avoca XXVIII, according to multiple sources. The deal was due to price this week

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

US CLO pipeline: five-year triple As solidify at 220bp
US CLO spreads are showing signs of widening as the benchmark triple A levels shift by 10 basis points. Senior triple As are aiming for a 220bp benchmark as LCM Asset Management and Neuberger Berman market five-year deals

eBay and IBM lead as US firms plug-in to CLO triple As
Major US corporations eBay and IBM have begun investing in senior CLO debt tranches, while Apple has also been looking to enter the market.

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

KKR and Mubadala form $1 billion Asian private credit partnership
KKR and Abu Dhabi state fund Mubadala have formed a $1 billion ‘strategic partnership’ to co-invest across performing Asia private credit

KKR extends static CLO streak with second consecutive deal
KKR Credit has priced a second static CLO in a row, pairing with Goldman Sachs on the $435 million deal named KKR Static CLO II

15 CLO managers aim to print European deals as 'aspirational pipeline' forms
European CLO market participants are doubtful the pace of issuance will return to full swing in September, despite a reasonably healthy forward-looking pipeline.

LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

KKR reports $115 billion dry powder as it changes public markets business name
KKR reported strong deployment and dry powder figures but fee-related earnings came short of expectations

Five credit managers win nearly $1 billion from UK pension pool
Five private credit funds emerged as winners after UK pension pool Border to Coast revealed $1 billion in a wide variety of private credit commitments

KKR collects $2.1 billion for inaugural asset-based finance fund
KKR is making a push in the $4.5 trillion asset based finance market, which its co-heads of private credit see as "one of the most compelling and fastest-growing opportunities”

US CLO league tables: Heavyweights knock deals out as familiar faces stay top
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year

CLOs at a glance (July 2022)
A listing of CLOs that have priced in the last month
 
 

   

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

US investors welcome flurry of CLO new issues
The UK may have been off from Thursday for the Jubilee holiday, but in the US the primary CLO pipeline proceeded apace with several new issues hitting the market before Friday’s close

You seem familiar
The overlap between European CLOs has risen to 51.6%, but the largest issuers are only slightly more aligned to their peers at 55.19% — so bonds are proving to be an important differentiator

KKR collects $1.1 billion for inaugural Asia credit opportunities fund
The firm claims it is the “largest inaugural pan-regional fund focused on performing credit” and “one of the largest inaugural pan-regional credit funds to have been raised for Asia Pacific"

KKR readies three-year CLO as loans start to tighten
KKR is readying a new CLO with three years of reinvestment capability

Envision exchange leaves some lenders sick, but CSAM finds prevention is better than cure
Envision Healthcare’s distressed debt exchange has rocked the CLO market, with over $1.68 billion of the firm’s loans held by US CLOs. But some of the largest managers have avoided the name completely 

LP round up: Apollo and Silver Rock win over $1 billion as pensions plough into private debt
Institutional investors allocated at least $2 billion to credit funds in April, according to Creditflux data, with Apollo and Silver Rock emerging as big winners