Mid market CLO league tables: the only record left to break in 2021
New issuance is still shy of the $16 billion set in 2018, but stands not far off at $15.62 billion

NYL and TCW each refinance legacy CLOs
New York Life Investment Management and TCW Group each refinanced a CLO on Thursday, with the two deals together worth almost $700 million

Ares joins CLO equity fundraising rush with $400 million target
Fundraising for CLO captive equity funds is surging, with Ares Management the latest manager to win capital for such a strategy

Wellfleet issues largest CLO in over three years
Wellfleet Credit Partners has paired with Credit Suisse to print its largest CLO since September 2018

Vibrant follows CLO investments hire with new addition in business development
Vibrant Capital Partners has hired Zachary Radler as a director in its business development team for North America

CLO partner rejoins Dechert in New York
Law firm Dechert has appointed a partner in its CLO practice in New York

Spectre of US CLO risk retention looms as legislation is introduced
US CLO risk retention could be about to return from the dead. As scary as this sounds it is not a Halloween prank, but rather a result of the “Stop Wall Street Looting Act of 2021” brought about by Senator Elizabeth Warren last week

Capital One scores first solo CLO arranging credit for Brightwood Capital
Captial One Securities has priced its first CLO as sole placement agent by arranging a middle market deal for Brightwood Advisors

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

Aquarian takes over Gallatin CLO platform
New York-based Aquarian Holdings has bought Gallatin Loan Management's CLO management business 

Angelo Gordon inserts loan tranche as it prints second-largest CBO ever
Angelo Gordon has issued the second-largest bond-heavy CLO in the market, teaming up with JP Morgan to print the $847.7 million deal named AG CC Funding II

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

Three control CLO equity blocks trade, including rare CIFC deal with ultra-low funding costs
Three US CLO anchor equity positions traded Tuesday courtesy of one b-wic at 9.30am New York time

US CLO pipeline: newcomers look to follow Beach Point's lead by pricing before year-end
Beach Point Capital Management became the latest debut issuer in the US CLO market on Friday, and Sycamore Tree Capital Partners and Putnam Investments are set to join it    

US insurers’ CLO investments pose “insignificant risk”, NAIC reports
US insurer’s investments in CLOs remains an “insignificant risk”. That’s according to a report released last week by the National Association of Insurance Companies entitled Collateralized Loan Obligation (CLO) – Stress Testing U.S. Insurers’ Year-End 2020 Exposure

New CLO stampede predicted ahead of Sofr switch
The US CLO boom continued in September as new issue volume topped $16 billion, following $17.6 billion of August issuance

Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
Never in 1,000 years would the critics have expected this 

CIFC European CLO head leaves on eve of deal pricing
CIFC Asset Management's European chief investment officer has left the firm resulting in two senior US officials plugging the gap on a short-term basis 

Par-Four goes whistling straight for the CLO market as it resets 2018 deal
One the eve of the Ryder Cup tournament, the CLO industry’s golfing fanatic Par-Four Investment Management has reset a 2018 US CLO

Sculptor and Nuveen add $883 million CLO refi supply
Sculptor Capital Management and Nuveen have each refinanced a legacy CLO, with the two deals adding $882.6 million to refi supply

Fitch places 102 US CLO tranches under 'observation' following methodology changes
Fitch Ratings says it has placed 102 tranches issued by 43 US CLOs and 13 tranches by seven Trups CDOs under criteria observation, following the update to its CLO and corporate CDO rating criteria earlier this month

Talk about Elevation: US CLO volume soars, with 2018 record bested, as ArrowMark finds its notch
New issue CLO volume in the US surpassed $2 billion for the third business day in a row on Tuesday, and overall yearly issuance hit a new record, as ArrowMark Partners became the latest manager to join the fray

How's this for Stratas? HPS returns to US CLO issuance with triple C-flex deal
HPS Investment Partners priced a rare CLO with an elevated triple C basket on Monday as it marks its first new US CLO of any kind in over two years

US banks poised to overtake Nochu as largest CLO noteholders by year end
Norinchukin is on track to lose its position as the world's largest CLO noteholder after its portfolio shrank by 33.4% since the start of the year