Software loan shakeout in CLOs still to come—Barings
As an investor in US CLO tranches, the asset manager has observed that most CLOs have not made major changes to their software book despite concerns about artificial intelligence threatening the sector

Spreads widen and issuances pause as CLO managers react to market volatility
EXCLUSIVE: Triple-A tranches are widening by up to 10bps amid a slowdown in CLO reset and issuance activity, according to multiple sources

Barings issues Euro market’s first reset for 2026
BNP Paribas was the sole arranger for Barings Euro CLO 2024-1, which was valued at EUR 376.5m

Barings to reset static middle market CLO as multi-currency, reinvesting deal
EXCLUSIVE: Barings is resetting its EUR Middle Market CLO 2024-1, converting it from a static euro to a reinvesting multi-currency deal

European private credit CLOs ramp up, with Pemberton, Ares readying new deals
Pemberton to join Ares with new issues next year, while Barings looks at a reset of its initial static deal

Carlyle, Barings market new European CLOs
The two managers are marketing new European CLOs with similar sizings and spreads – but Carlyle’s deal is set to print as a standard-duration five-year CLO, while Barings is offering a short-duration three-year reinvestment period

Investor demand for diversification drove multi-currency CLO
EXCLUSIVE: Geographical diversification was a driving force behind the creation of Europe’s first sterling/euro middle market CLO

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal

Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

Barings to launch first European multi-currency private credit CLO
EXCLUSIVE: Sterling-euro deal will be the third European private credit CLO to hit the market

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

Barings prices first 2025 Euro deal
The two-year-old CLO was reset with triple As at Euribor plus 149bps

European mid-market CLOs drawing investors from non-traditional buyers: Barings PM
Speaking at a conference in London this week, Oliver Harker-Smith said last year’s inaugural private credit deal attracted interest from investors new to CLOs  

Barings puts together first ever European middle market CLO
It’s been a long time coming, but the successful pricing last month of the first European private credit CLO marked a milestone in opening up the region to one of the CLO market’s most dramatic growth stories in recent years.

Barings prices Europe’s first ever private credit CLO
Barings and BNP Paribas have priced Europe’s first ever private credit CLO, achieving a historical feat that had eluded the region so far

Barings sees weakness in lower mezz with latest Euro CLO
Barings has printed its first European deal in over five months, joining other European managers rushing to conclude pricings before the US election

Barings lines up second European CLO for 2024
Barings is currently marketing its second European BSL deal of 2024, with Natixis arranging the transaction

Barings opens warehouse in step towards first middle market CLO in Europe
Barings has opened up a warehouse for a European middle-market CLO, a concrete step towards issuing the region's first ‘true’ version of the strategy 

Barings prices first European new issue CLO this year
Barings has priced its first European deal of 2024, a EUR 407.85m CLO arranged by BNP Paribas

Barings makes it two European CLOs this year
Barings priced its second European CLO of the year last week and its fifth overall of 2023 in a EUR 400.5m transaction

Barings strikes strategic partnership agreement with Lakemore to support CLO issuance
Barings has entered into a strategic partnership with Lakemore Partners to support the growth of the manager's CLO platform

Barings targets next week for new US CLO
Barings is marketing a new issue US CLO, Barings CLO 2023-II

Barings prints European CLO wide of recent deals
The CLO’s floating triple As, for example, priced at 220 basis points over Euribor, 36bp wider than Capital Four CLO V earlier this week

Barings markets European CLO with fixed and floating rate triple As
Barings is marketing its long-awaited European CLO, Barings Euro CLO 2023-1 via Goldman Sachs

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