European CLO double-B spreads hit 2024 low, signalling investor confidence
European CLO double-B spreads are falling lower, hitting year-to-date tights for both new issue and reset deals in the past week. Investors are waving off worries about a potential economic slowdown and opting for primary deals over secondary paper.

KKR prices tightest European deal since August with latest reset
KKR has reset and upsized an early 2023 European CLO, and priced the deal with senior spreads below 130bps

What August slowdown? Blackstone prices new CLO in Europe
Blackstone prints new European CLO with triple-A spreads at 135bps via BNP

New KKR CLO sees European triple-As hit 125
While the overall pace of European CLO spread tightening has flattened out somewhat the latest print saw another new tight for triple-As from KKR

KKR leads flood of European CLOs
The first European print of 2024 for KKR, arranged by JP Morgan, came on a busy day for Euro CLOs

European triple As drop below 150 as KKR prices new CLO
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR

KKR goes static for latest European CLO
KKR has priced a new static European CLO, arranged by Morgan Stanley

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 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

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

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.

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

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

   

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

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

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

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

BlackRock Euro CLO set to price, with KKR and ICG in line and 115bp emerging as triple A benchmark
BlackRock is expected to price a European CLO issue today via Bank of America. The immediate CLO pipeline is thin, but KKR is marketing a deal via Morgan Stanley and ICG is marketing via Citi

Euro CLO triple As show signs of succumbing to macro volatility as €1 billion paper prints
Over €1 billion worth of European CLO paper priced on Wednesday with two new issues from KKR and Spire, alongside a reset from ICG

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

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

KKR matches CSAM senior notes in Euro CLO refi, but goes tighter with mezz
JP Morgan has arranged a refinancing of KKR's 2016 European CLO Avoca XVII, which has around 2.2 years left of reinvestment with its non-call ending next February

KKR and PGIM among bidders to buy Alcentra: Bloomberg
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter