Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

KKR joins CLO captive equity rush
Investment giant KKR is fundraising for a new CLO captive equity fund with an impressive target size, joining managers like Bain, Beach Point and Brigade who all hit the news this week 

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. 

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

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
 
 

   

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

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

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

KKR announces new co-CEOs as Kravis and Roberts step down
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

Credit fundraising: managers take care of infrastructure with new partnerships
Credit managers were busy launching new partnerships to support growth in infrastructure and CLOs. There were 13 announcements in the month paving the way for upcoming funds, platforms, and joint ventures

Global CLO trading lab: quality and optionality shine as 2020 and 2019 mezz trades up
The primary and secondary CLO markets are moving in tandem with both markets drifting wider amid a wealth of supply

Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

Woah, we’re halfway there
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion

Waiting for afters
Day one arb remains important, but last year there were opportunities aplenty in the secondary market, which put the onus on printing CLOs and waiting for the day after non-call periods expired

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks