Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

Experienced CLO structurer set to join RBC as it reorganises CLO desk
A well known CLO structurer is leaving behind his job on one of the busiest CLO arranging desks in the business to join RBC

Bank's senior US CLO structurer lands at Elmwood
An experienced CLO structurer has taken up the post of head of CLO structuring at fast-growing Elmwood Asset Management

Fairwater eyes tranches and options as prospects ‘multiply’
Fairwater Capital is looking to capitalise on rising credit volatility by crafting a strategy that makes full use of the growing number of products in the credit derivatives industry

WhiteStar finally makes it to Europe
US CLO manager WhiteStar Asset Management opened an office in London last month in what officials describe as the culmination of a plan that has been many years in the making

2012 and 2019 US CLOs get new lease of life as Barings and CVC hit reset
CVC Credit and Barings each tapped the CLO reset market on Friday, bringing total US reset volumes for April up to $4.15 billion

LP round-up: $2.6 billion flows into 26 credit managers
A stuck ship in the Suez Canal may have prevented others from getting through one of the world's busiest waterways in March, but allocations to credit funds were much more free flowing as investors poured over $2.6 billion into the hands of credit managers

DE Shaw amasses $1 billion for stressed and distressed assets
The fund will invest in stressed and distressed assets, financings, and special situations opportunities

Former Credit Suisse CDO head returns to KKR
KKR has hired two managing directors to its global private credit team, with one its former structured credit fund manager

CLO captive funds surge as US manager becomes latest to launch
The New York-based manager joins the likes of Kayne Anderson and GoldenTree this year to raise funds to invest in their own CLO equity and warehouse lines

Former MKP CLO tranche investor lands at big US credit manager
A well-known CLO investor who previously worked at MKP and Goldman Sachs has landed at a firm that issues and invests in CLOs

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

Octagon cuts 2012 CLO's funding costs by 22.89bp in refi
Octagon Investment Partners has shaved 22.9 basis points off the funding costs of its oldest active CLO in a $612.7 million refinancing transaction arranged by Credit Suisse

Atalaya hits $1 billion hard cap on private credit fund with 10-13% return target
Atalaya Capital Management has hit its $1 billion hard cap on its private credit speciality finance fund, Asset Income Fund V

Differences surface between two US CLO refis, despite similar tenors
CLOs from 2013 and 2017 with similar tenors priced senior note refinancings 10bp apart on Thursday, highlighting that longevity matter

Ex-Highland official launches private credit placement agent firm for niche strategies
The former partner and chief executive officer at global placement agent FirstAvenue Americas, has launched his own placement agent named Briarcliffe Credit Partners

Issuer goes from debutant to zero in one year as PM leaves and CIFC swoops for sole CLO
A US CLO manager has gone from debuting in 2019 to having no CLOs under management as CIFC takes over its one deal

Rockford Tower and Oak Hill reset $1.1 billion of CLOs
$1.12 billion fresh CLO reset paper hit the market on Thursday as Rockford Tower Capital Management and Oak Hill Advisers each reworked transactions

CLO pipeline: all bases expand as more absentees join bonanza
The US CLO market is bubbling with issuance as 17 new issues and 15 repricings appear in the pipeline. Europe is set to welcome two new issues and nine repricings while Golub Capital looks to bring its first 2021 deal to the middle market

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

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

Former Wells Fargo CLO head joins insurer as head of credit investments
A US insurer has made its second big CLO hire in a matter of weeks with a well-known figure joining as head of credit investments, to oversee CLO, ABS (excluding CMBS) and corporate credit portfolios 

We need to remove CLO misinformation from the market
Vibrant's Kashyap Arora takes our credit quiz

Global CLO b-wic round-up: US lower mezz trades strong, but European piece softens
CLO investors have had no chance to catch their breath after a historic 2020 as US CLO secondary volume reached $3.3 billion and European secondary listings topped €1 billion in January

Key CLO official parts ways with Prospect
The central portfolio manager on Prospect Capital’s CLO investment team has left the firm in New York