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

Still plenty more fish in the triple C

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

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

Golub prints largest reinvesting CLO of 2021 at $950 million
Golub Capital Partners priced the largest reinvesting CLO of the year so far on Tuesday

Patience pays off as control CLO equity investor expands into US
US CLO equity investor Lakemore Partners signalled major CLO growth plans after it hired US loans veteran Dan Norman in August. Officials at the firm say they have been building towards this important development

Past returns: Prophet’s early CLO redemption
In Creditflux five years ago, we reported that Prophet Capital, the control equity investor in Covenant Credit Partners CLO I, had driven liquidation of the deal

Irradiant plans to shine with first CLO after spin out
The former Kayne Anderson CLO team is preparing its first deal after spinning out, with market sources indicating it is working with Goldman Sachs on a new issue CLO.

CLO head departs as Morgan Stanley IM integrates with Eaton Vance
Morgan Stanley Investment Management’s CLO management business has a new figurehead, five months after the firm's merger with Eaton Vance.

CFI resets 2017 CLO for first primary transaction since 2018
Chicago Fundamental Investment Partners on Thursday priced its first primary CLO transaction since 2018

Experienced CLO trader lands at East West in New York
A well known figure in the CLO trading business has landed at East West Bank based in New York

Los Angeles manager launches PE-style junior CLO fund
The firm appears to have raised at least $55.8 million with the backing of 36 investors 

CBAM promotes eight to investment committee on fifth anniversary
CBAM Partners has promoted eight people to its investment committee as it marks the five year anniversary of its founding