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

Static deals stand out in Europe
European CLO equity in redeemed deals has delivered excellent returns. But managers might be surprised to discover that static deals are the region’s stars

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  

Voya prints Euro CLO reset with mezz at tight end of guidance
Voya has priced a European CLO reset with mezz spreads at the tight end of prior guidance talk

Michael Hintze’s hedge fund Deltroit bolsters CLO investing with new hire
Lord Michael Hintze’s latest hedge fund Deltroit has hired CLO investor Emeric Chenebaux from Federated Hermes

Brigade prints wide of current Euro mark with CLO reset
Brigade has priced a reset of a 2018-vintage European CLO via Bank of America

CVC resets older Euro CLO deal with smaller equity infusion than guidance
CVC has priced a reset of a 2016-vintage European CLO that made significant changes to the capital structure including an equity injection

Voya prepares to reset debut European CLO
Goldman Sachs is marketing a reset of a 2018-vintage European CLO managed by Voya

Jefferies prices short-dated Euro CLO reset for Permira
Jefferies has continued its series of short-dated European resets with a 1Y/2Y reworking of a 2018-vintage Permira CLO 

Pinebridge reworks 2016-vintage CLO for the third time
Pinebrides has priced a refinancing of a 2016-vintage CLO for the third time via JP Morgan

CVC gears up to reset a 2016-vintage European CLO
CVC has joined the Autumn deal calendar and has been marketing a reset of a 2016-vintage CLO via Natixis

Investcorp's head of European credit funds Philip Yeates leaves firm amid leadership shake-up
Philip Yeates, head of European credit funds at Investcorp, has left the firm as the asset manager undergoes a leadership shift that's seeing co-CEO Hazem Ben-Gacem set to depart later this year and executive chairman Mohammed Alardhi take on CEO duties

CLO round-up: Market braces for a busy September
The US and European CLO markets are bracing for a flood of deal activity from market participants as the fall season kicks off

CLO round-up: CLO market sees slight pressure to widen new issue spreads
CLO market saw robust deal activity with some pressure on liability spreads last week

Reset focus shifts to pre-COVID deals
As spreads tighten, managers are looking to reset CLOs that priced before the onset of the COVID pandemic — even if this slightly increases the deals’ weighted average cost of capital.

Apollo picks up two hires from Bank of America
Investment bankers Tomasz Gruszka and Murad Khaled have joined Apollo and an affiliate from Bank of America

Brigade prices unusual reset on rapidly-amortising CLO
The end of last week saw Brigade Capital Management price an unusual 2018-vintage reset that widened the deal’s overall cost of funding

Hayfin prices short-dated reset of European CLO
A reset of Hayfin Emerald CLO X came with a twist – a short-dated, two-year reinvestment schedule

Aegon prices first European CLO
Monday saw a significant moment in the European primary market – the return of the North Westerly CLO platform to new deal issuance after three years, now under the auspices of Aegon Asset Management