It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels

Chicago-based manager prints first new CLO in over three years
Chicago Fundamental Investment Partners has made a long-awaited return to the CLO primary market by pricing its first new issue deal in over three years

Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month

CLO issuance set for big slump as managers relax on Sofr: JP Morgan
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists

Maranon prints first new issue of year with Wells Fargo
Maranon Capital on Monday evening priced its first new issue CLO of the year, via Wells Fargo

Voya shaves 28bp with refi of 2019 CLO
Voya Alternative Asset Management priced a refinancing of Voya 2019-3 via GreensLedge on Friday and reduced the CLO’s cost of debt by 28.3 basis points

Angelo Gordon unit set to break into mid market CLOs
Twin Brook Capital Partners is preparing its first middle market CLO, in a move which would put Angelo Gordon alongside Blackstone as the firms with the most rounded CLO businesses

Fidelity rocks personal records with tightly priced US CLO
Fidelity has signed its biggest ever new US CLO and priced triple As at the tighter end of the marke

Ares and Wellfleet partially refi legacy CLOs
Ares Management and Wellfleet Credit Partners partially refinanced a legacy CLO each Wednesday night via Goldman Sachs and Citi, respectively

AMMC makes it 101 US CLO issuers in 2021
There are 101 reasons to love CLOs as the US manager base reached new heights yesterday  

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

These CLO docs could be better
It seems there’s not much to worry about if you’re in the CLO market. In Creditflux’s CLO Census, voters said docs should follow a template as Jefferies, AGL and Hayfin emerge as rising stars

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

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

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 

Barrow Hanley makes first move in CLOs
Barrow Hanley Global Investors has unveiled plans to launch its first 'CLO fund' in the coming weeks, with suggestions that CLO issuance will follow 

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.