Expect wider credit spreads, compelling opportunities in CLOs – Bain Capital’s John Wright
PODCAST: Latest guest on the Credit Exchange podcast is "pretty excited" about CLO debt and expects spreads to widen

New Bain Euro issue prints wide of guidance in mezz
The deal suggests investor demand is weakening in the middle mezz, even as triple A demand remains strong  

Bain markets new CLO with price talk at fresh European AAA tights
Hot on the heels of a new year-to-date triple A tight for European CLOs, Bain Capital Credit is attempting to drive spreads even lower  

Bain and CVC are marketing new European CLOs looking to price next week
Price talk is circulating for two new European CLO issues from Bain and CVC, both valued at around EUR 405m and arranged by Jefferies  

Bain Capital fundraising for third captive CLO equity vehicle
Bain Capital Credit has become the latest CLO manager to start fundraising for a new captive equity fund

Bain prices new Euro CLO issuance
Bain has priced its third new-issue European CLO print of 2024 arranged by Morgan Stanley 

Bain hits the trigger on early-22 vintage Euro CLO reset
Bain has reset a deal from the first half of 2022, another European CLO that have benefited from tightening market conditions in 2024

New European CLO sees triple-As at 141bps
Bain Capital yesterday kick-started new European issuance with a EUR 404m transaction that matched the tightest triple-A print this year

CLO round-up: blinded by the tights
Secondary CLO spreads continued to grind tighter this week and, at last, the primary market began to follow in both the US and Europe

CLO round-up: secondary market rallies amid increased primary supply
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion

New Bain CLO prices tight and sees Europe's longest reinvestment period of 2023
Bain Capital Credit priced its first European CLO of 2023 on Monday, scoring some of the tightest prints in the market since the first quarter in the process

Bain becomes first European CLO manager to fund delayed drawn single Bs
A notice to investors in Bain Capital Credit European CLO 2022-2 on Friday 21 April notified them the deal’s equity holders resolved to sell the full €14 million class F notes 

Bain promotes European CLO PM to partner
Bain Capital has promoted its head of European structured credit and liquid credit to partner

Bain holds final close on $650 million fund to buy own CLO equity globally
Bain Capital Credit has closed its second captive equity fund with $650 million commitments, thought to be among the largest manager-controlled CLO equity funds raised

US credit manager builds European CLO business with Bain hire
A Minneapolis-headquartered manager is understood to be building a European CLO platform, adding to the growing number of expected debutants on the continent

LP round up: $2.7bn flows to 20 credit managers as investors battle PE overallocation
Investors faced huge headwinds in September with inflation, rising interest rates, and geopolitical turmoil, alongside the UK gilts sell-off at month end

Bain Euro CLO details emerge with delayed draw single B
Pricing details have emerged on a Bain European CLO the manager priced last Thursday

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

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

Loan traders eagerly await electronic trading solution
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative

CSAM does the CLO awards double
Winning the Creditflux Manager of the Year award is a feat in itself. Winning it back-to-back in such different markets is an outstanding achievement — and CSAM can take great pride in it

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

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

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

Bain goes long with new European CLO as 2022 issuance passes €15 billion
Credit Suisse arranged Bain’s €416.72 million deal, named Bain Capital Euro CLO 2022-1, which features a 4.6 year reinvestment period and a two year non-call