Fitch warns on credit risks for European CLOs coming out of RPs
Fitch has warned that European CLOs coming out of their reinvestment period could be vulnerable to market shocks due to asset depreciation and an inability to sell out of the lower mezz tranches

The PMs leading the next wave of European CLO strategies
ANALYSIS: A series of high-profile hires have been made ahead of an expected influx of new European CLO managers this year

Bain CLO’s F-note downgrade could signal incoming trend – Fitch
The recent downgrade of class-F notes in Bain Capital Euro CLO 2018-1 may not prove an isolated case among European CLOs, according to the ratings agency

Bain takes haircut on single Bs for 2018-vintage Euro CLO, first in post-GFC era
Bain has issued a redemption notice for the eight-year-old European CLO, marking the first haircut for a single B tranche on a European deal amongst post-crisis ‘CLO 2.0’ transactions

Invesco resets its first European CLO with AAAs at 138bps
Deutsche Bank arranged the EUR 399m repricing, which included a EUR 25m equity injection

Elmwood’s European CLO strategy began at Creditflux symposium
EXCLUSIVE: Elmwood has revealed that its European CLO strategy started at the 2024 Creditflux conference, where they began their hiring process

CLO dispersion set to increase in 2026 – BNP Paribas
Next year is likely to see increasing dispersion in credit performance off the back of a series of idiosyncratic credit events, BNP Paribas has forecast in its 2026 CLO outlook

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

Records tumble in fantastic February