AlbaCore reworks 2024-vintage Euro CLO
The capital structure remained unchanged in the EUR 382m offering – the manager’s second deal of the year

European BSL defaults may tick up slightly – AlbaCore
The firm is currently looking to get more exposure to some CLO equity, double Bs and single Bs, as spreads across all parts of credit have tightened since this past spring, portfolio manager Seán Golden told Creditflux

AlbaCore prices seventh CLO
The print comes 13 months after the manager’s last new issue

Napier Park loses CLO portfolio manager to established European rival
EXCLUSIVE: The CLO market has seen a number of portfolio managers changing seats in Europe

Portfolio manager moves to CIFC from AlbaCore
A London-based CLO PM has begun a new role in CIFC’s European credit team after five years at AlbaCore Capital

AlbaCore tightens up with 2023-vintage Euro reset
AlbaCore lost no time in getting a reset done that slashed the spreads on its 2023 CLO, with the original 1.5Y non-call ending in mid-October

AlbaCore breaches 100-bps triple-A barrier with Euro CLO refi
AlbaCore Capital’s latest transaction has refinanced the European manager’s fourth deal, dating from 2022

AlbaCore expands with senior research hires
London-based AlbaCore Capital Group announced the expansion of its investment team last week, with the addition of a new Head of Research

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class

AlbaCore prepares investment grade and opportunistic CLO strategies with European focus
AlbaCore Capital Group is building out its CLO investment capabilities, with officials at the firm telling Creditflux about the launch of two new CLO strategies — one focused on investment grade CLO tranches and another with a more opportunistic CLO approach

AlbaCore prints 20th new issue Euro CLO of 2023
AlbaCore Capital priced its fifth European CLO this afternoon, named AlbaCore European CLO V

AlbaCore and Anchorage market European CLOs
AlbaCore Capital and Anchorage Group are the latest managers to brave the new issue European CLO market amid market volatility

The Last Tranche with AlbaCore's Cohen Malka: The UK gilts crisis showed the CLO market is more liquid than people thought
In this episode of The Last Tranche, Deborah Cohen Malka, partner and portfolio manager at AlbaCore Capital Group, discusses the performance and challenges facing the European CLO market

US managers recalibrate as Euro CLO portfolio spreads rise: Moody's
CLO managers have had to readjust this year and data from Moody’s Investor Services shows weighted average rating factor scores for all US CLOs have held steady, while weighted average spreads have dropped 0.15%

Experienced CLO investor lands at AlbaCore to launch structured credit business
AlbaCore Capital is launching a new structured credit business as a "natural extension" of its CLO business, according to sources. The manager has hired an Alcentra official to lead the charge

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

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

Euro CLO league tables: Jefferies takes huge lead as managers bunch up
The increased volatility and geopolitical risk brought about by Russia’s invasion of Ukraine meant European CLO issuance dropped off in March after a strong February

AlbaCore locks in triple As for longer with tight CLO execution
AlbaCore Capital has gone the unusual route of featuring two separate non-call periods for tranches on its latest European CLO today, arranged by Jefferies

AlbaCore raises CLO head to partner in raft of promotions
AlbaCore Capital Group has promoted its top CLO specialist to partner and portfolio manager

CLO managers join forces as they line up behind SFDR
A plethora of European CLO managers have teamed up with regulatory reporting provider FinDox to form a working group focused on Sustainable Financial Disclosure Regulation (SFDR), sources tell Creditflux.

Euro CLO newcomer Albacore strikes inside 100bp with triple As
AlbaCore Capital has brought its third European CLO to market, pricing triple As inside the 100bp price band

Euro resets close triple A basis with US CLOs
The basis between European and US CLO triple As is narrowing

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

AlbaCore features capped triple A tranches on ESG-branded CLO
Nine months after making its CLO debut the manager has priced AlbaCore Euro CLO II, splitting the triple A tranches into three