CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.

Euro CLO round-up: a tale of two extremes
It as the longest (dated) of CLOs, it was the shortest-dated of CLOs

KKR prices Europe's most leveraged new issue 2.0 CLO
Leverage has steadily risen in the European CLO market – but today KKR Credit priced the most levered new issue deal on record

KKR markets new European CLO with triple As subject
KKR Credit is looking to issue its first European CLO September

European CLO equity in focus for secondary market with 50% trade rate
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday

KKR promotes three European credit specialists to managing directors
KKR has promoted several members of its team to managing directors - including a former US CLO portfolio manager

Kartesia invests in equity of 2018 European CLO
Kartesia has invested in the equity of KKR’s latest European CLO 

Spreads jump tighter again as KKR prices new European CLO
CLO triple A spreads in Europe have been inconsistent of late with recent deals pricing within a 10 basis point range. The latest CLO to be issued on the continent emerged late on Friday and its pricing is tight relative to market spreads

Credit drives strong returns for five of the largest asset managers in the business
Carlyle is close to hitting its ambitious fundraising target; direct lending has been kind to Ares; and Och-Ziff has decided to shed its US CLO risk retention stakes after exiting its financing agreements

Pricing balance between 'floored' and 'unfloored' CLO tranches shifts as two deals price
The use of ‘unfloored’ mezzanine tranches in European CLOs is becoming more widespread with Barings and KKR Credit each pricing deals incorporating such features on Friday

CLO b-wic line-up: $42 million of double B CLOs go up for sale
$41.9 million of double B notes are up for grabs today via b-wics. Out of these 16 line items, GSO Capital Partners’ Seneca Park is a noteworthy deal with the CLO being just two months away from the end of its reinvestment period

Global CLO manager prices first European new issue of 2018 via Barclays
A manager issued its first new CLO in Europe of 2018 on Thursday, according to market sources

B-wic round-up: secondary CLO market is looking more and more like new issue
2017 and 2018 CLOs flooded the secondary market last week, with bonds referencing Ares Management, LCM Asset Management and Napier Park Global Capital going on sale

Boutique US CLO manager hires from KKR as part of expansion into Europe
Credit Value Partners, the US CLO and credit fund manager owned by New York Life Investments, has hired Brian McNamara from KKR Credit Partners

Europe's CLO reset spreads tighten by 2bp as KKR prices deal
European CLO reset spreads tightened again on Friday as KKR Credit Advisors priced the second largest reset transaction on record

Dublin-based CLO manager plans €522.1 million reset via Deutsche Bank
The manager is preparing to launch its first CLO transaction of 2018 by resetting a 2015 deal

Dublin-based co-head of global credit parts company with KKR
An experienced figure in European credit has left KKR in order to pursue interests outside of fund management. He had been serving as co-head of global credit at the firm

L-shaped risk retention gains momentum as two managers price CLO resets
Two US managers have priced CLO resets holding L-shaped risk retention, according to market sources

Euro CLO round-up: KKR Credit prices record-setting CLO
Times are good for European CLO managers (on the liability side of things at least) with CLO spreads as tight as they have been since the rebirth of the market in 2013

KKR prices Europe's tightest 2.0 CLO reset, with triple As at 81bp
KKR Credit Advisors priced its fourth European CLO transaction of the year yesterday

KKR plans €519.8 million European CLO reset
The Dublin based team is expecting to price the transaction on 16 October, according to market sources

KKR slashes cost of debt by 46bp following latest European CLO reset
The €419.5 million deal was arranged by Goldman Sachs, and cut the cost of debt to 161bp according to market sources

Dublin-based manager looks to reset third CLO of 2017
The manager is working with Goldman Sachs to arrange the reset, and is seeking to upsize the deal's debt trances to €373.5 million

It pays to eat your own cooking
CLO managers affiliated with PE firms buy extra debt from companies owned by those firms – and it seems to give them an advantage

Investors agree wind-up call for KKR euro CLO 1.0
Investors have approved a plan that will allow KKR Credit to wind down a poorly performing 2006 European CLO