Golub hires Fair Oaks’ CLO PM, signalling expansion into European market
Creditflux reported on Wednesday he was leaving his current role at Fair Oaks at the end of November; Wallace's new position will encompass broadly-syndicated CLOs as part of a remit that extends across BSL and fixed income

Fair Oaks CLO PM to depart for new shop
EXCLUSIVE: Fair Oaks Capital's Tyler Wallace is set to depart at the end of the month, with Remi Nedelec replacing him as portfolio manager for the firm's European CLO platform

European CLO IG returns reach 3.2% in the YTD - BofA
CLO triple As have returned 3.2% in the year to date, representing the third best year for the segment in the CLO 2.0 market

Are Investors Mispricing “Tail” Volatility in triple A CLOs? - Fair Oaks
GUEST ANALYSIS: Investors may be overestimating the volatility and risk of triple A CLOs, according to Fair Oaks Capital

Trio of Euro resets reinforce tightening trend as CVC revisits 175 AAs
CVC and Onex both printed resets with triple As at 130, while Sculptor upsized its latest print to a target par of EUR 450m

Tikehau issues first repricing of 2018-vintage Euro CLO
As part of the reset, the capital stack for the 2018-vintage deal was consolidated from its previous 11 debt tranches into a straight vanilla capital structure

Sculptor markets Euro reset via Jefferies
The deal, which is expected to price next week, is guiding price talk at triple As at Euribor plus 134bps

Hayfin adds to surge of short-dated August Euro resets

Five Arrows resets CLO with EUR 100m equity injection for first 2025 print
The EUR 476m transaction repriced a CLO last reset in 2018, and saw total equity boosted to EUR 142m

The top five holdings of July’s CLO ETF launches in Europe
A round of high-profile CLO ETF launches by BlackRock, PGIM and UBS in Europe and their top holdings in July

Swedish CLO investor YMER prepares equity-tilted fund launch for Q3
The investor is targeting EUR 400m to EUR 500m and expanding to a more global investor base

Elmwood hires senior Barclays banker for European CLO push
Michael Clarke has joined the firm this week alongside new Head of European Credit Aly Hirji

KKR reprices second ultra-tight Euro deal
The transaction was the manager's second reset of a 2015-vintage European CLO in the space of a week

DWS axes Euro CLO management plans due to market volatility, shift in focus to private credit
The move comes amidst the departure of its head of European alternative credit, Dan Robinson

Sculptor reset marks year's first short-dated European CLO
The transaction was the first repricing of the 2018-vintage deal

AXA IM reissue sees lower mezz tranches print well wide of guidance
The reissue of the 2016-vintage European CLO saw lower mezz spreads widen markedly compared with earlier guidance to investors three weeks ago

European resets price from Sound Point, Polus and Anchorage
Sound Point’s deal printed as the tightest of the trio

European spread narrowing sees historically tight deals reset
Both CVC and Five Arrows have reset 2018-vintage transactions  

CLOs remain active in secondary market for second week as investors anticipate macro volatility
Busy week for CLO BWICs as investors brace for volatlity and look to crystallise profits, according to market sources

KKR’s latest Euro CLO reset records tightest overall funding cost of 2024
KKR has priced the tightest long-duration European reset of 2024 measured by overall cost of funding with a 2018-vintage issue arranged by Jefferies

Alcentra prints Euro CLO reset with equity injection
Alcentra has reset a 2018-vintage transaction achieving a weighted cost of debt of Euribor plus 205.2bps, in line with the market but a sharp increase on the pre-reset levels

KKR resets European CLO with increased cost of funding
KKR has priced a second reset of Avoca CLO XVI, a 2016 deal reset in 2018, in a transaction that priced tightly but still saw the overall cost of funding jump out

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

Ares 2018-vintage reset prices with big equity injection
Ares' latest US BSL CLO reset of Ares XLIX has priced, but introduced a hefty equity injection of USD 61.25m 

European CLO primary roundup - 2 October 2024
Just one European CLO was added to the tally yesterday - a reset of a Voya deal from 2018