Pattern of loan sell-off implies widespread uncertainty
A quirk to the June loan dip was that industries and rating bands sold off in parallel

Eagle Point expands into structured products including SRTs with big hire
Eagle Point Credit Management has hired a head of ABS, MBS SRT and specialty finance, in a move which underlines the firm’s progression from a CLO equity investor to a broader credit asset manager.

Sculptor fills vacancy by hiring US CLO structuring and origination head
Sculptor Capital Management has filled a vacancy that opened up after Peter Polanskyj left in April having hired a CLO structuring specialist from another CLO manager 

Manager selection stakes are heightening as CLO pain points intensify: Barclays
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists

US CLO manager valued at $278 million goes up for sale
One of the most consistent US CLO issuers for two decades is on the market

Experienced US CLO portfolio manager lands at Advent
Convertible bond manager Advent Capital Management has put an important part of its CLO plans in place by hiring an experienced portfolio manager 

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

Let's play the Great CLO B-wic Price Drop
When CLO liquidity is weak, sometimes you have to take matters into your own hands. That's what happened last week as part of a novel auction set up by a CLO investor

Experienced US CLO banker leaves Citi ahead of Redding Ridge move
Redding Ridge Asset Management is adding more CLO banking experience to its team with a big hire from Citi 

CLO manager M&A deal boosts equity investor Hildene Capital
Hildene Capital Management boosted returns in its CLO equity business last month after its manager partner Carlson Capital sold the management contracts for its CLOs to WhiteStar Asset Management

Two more seasoned CLOs poised to switch to Sofr based on issuance trigger
CBAM 2018-6 has joined Greywolf III-R and IV-R as another pre-2022 US CLO to switch its benchmark rate from three-month Libor to three-month Sofr after the market hit the same issuance trigger

MidOcean announces promotions in credit business
Two portfolio managers are among those to earn promotion at MidOcean Partners 

CLO investor Lakemore names European business development head
US CLO equity investor Lakemore Partners has hired a managing director and head of business development Europe

US CLO league tables: BofA takes a big leap ahead
It has been a slow start to the year for the US CLO market, which has so far welcomed $33.42 billion worth of issuance – the second lowest in the last five years. But Bank of America is taking big strides

BNP Paribas AM claims debtholder agreement means US CLO 'default' was avoided
BNP Paribas Asset Management has disputed the downgrade to D, by S&P Global, of two junior debt tranches in its 2014 US CLO known as BNPP IP CLO 2014-1

Credit Suisse braves market turmoil to print CLOs for Nuveen and Onex
Credit Suisse has maintained its CLO issuance amid market turmoil by printing transactions for Onex Credit Management and Nuveen Asset Management

US banks' exposure to triple A-rated CLO paper climbs 84%
US banks held $170 billion of CLO paper at the end of 2021 – a massive increase of $72 billion from the end of 2020, according to Bank of America research

Want an upsize with that reset?: Golub follows Ivy Hill with mid market CLO
Golub Capital made it two mid market CLO resets in two days by reworking its 2016 CLO, Golub 30 (M)-R, and upsizing the deal by $196.4 million from the original size

CLO pipeline: deals come in two by two hurrah! hurrah!
It is raining CLOs in February and some issuers are preparing for the deluge by printing deals at the double

Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets

Franklin makes it back to CLOs as parent company looks to issue through two channels
Franklin Advisers has made a return to CLO management after 10 years in a deal arranged by JP Morgan

CLO pipeline: US manager base poised to hit 119 and Europe 57
The CLO market is open to newcomers as both the US and European are set to welcome first time CLO issuers – BlueBay Asset Management in the US and Acer Tree Investment Management in Europe

Invesco tightens triple As to 130bp with its second largest CLO
Invesco priced a new US CLO on Wednesday with the triple A notes paying 130 basis points over Sofr