European CLO primary roundup - 1 October 2024
After one of the busiest ever weeks in the European CLO primary market we're almost caught up with the new deals pricing. Here's the summary of what we've added.

Bridgepoint prices latest Euro CLO with delayed-draw triple-As
Bridgepoint Capital and Citi have priced the first European CLO that includes a delayed-draw triple A note in the second half of 2024

Permira prices second Euro CLO reset in eight days
Permira has reset and upsized a European CLO from 2023 arranged by Jefferies

Alcentra prints latest European new CLO with tight mezz spreads
Alcentra has priced a new European CLO valued at EUR 404.8m via arranger Jefferies

Pearl Diver raises USD 100m for first investment grade CLO fund
CLO equity specialist Pearl Diver has expanded up the stack with the launch of its first investment grade CLO fund 

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

Investcorp joins array of new European issues at 130bps
Investcorp’s second new European CLO in 2024 priced today – a EUR 407.9m deal that was arranged via JP Morgan

Polus debuts as US CLO manager with first deal pricing
Polus Capital Management has become the first debut US BSL CLO manager of the year after pricing Polus US CLO I 

European CLO debuts stall as lack of loans cuts into deal arb
After a bumper year for new European CLO managers in 2023 the market is approaching the final quarter of the year having notched up just a single debut

Capital Four nudges European new issue CLO spreads back below 130bps
After stabilising at Euribor plus 130bps over the last couple of months, European CLO triple-A spreads have dipped back below that mark

Milbank reaches largest ever size in Europe with marquee partner hire
For the London branch of CLO legal heavy-hitters Milbank, 2024 has been a transitional year — and certainly not in circumstances the firm had anticipated 12 months ago

Taking stock after a long hot summer
As fall approaches, the global CLO and leveraged loan markets are in a strong position. But will records set in 2021 tumble?  We compare the numbers — and find out what the market thinks

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 

Apollo’s Redding Ridge promotes Joe Moroney to CEO
Redding Ridge, Apollo's CLO management subsidary, has named Joe Moroney to be its new CEO 

Triple-Bs tighten as Apollo prices new European CLO
Apollo’s latest new-issue European CLO saw the manager price the second-tightest triple-B spreads seen this year

Spire notches second CLO deal of 2024 with ’22-vintage reset
Spires priced a 2022-vintage reset with Jefferies arranging the EUR 374m CLO 

Evangeline Lim departs from Arini and retires from CLO industry
Arini's head CLO PM Evangeline Lim is leaving Arini, triggering a shak-up that sees the firm's deputy CLO PM Ben Rothberg replacing her

European CLO primary picks up as Partners reset prices
After an August in which only three deals priced in the European market, things appear to be ramping up once more with the reset of Penta CLO 14

European BSL CLO Rankings - August 2024
Our latest rankings for the European CLO market, including arranger and manager league tables

Jefferies markets 2023 European CLO reset
Following a quiet period in August the European CLO market appears poised for activity once more as Jefferies markets a reset of a Penta CLO

Fair Oaks wins approval to launch industry’s first European CLO ETF
Fair Oaks Capital has received approval from Luxembourg-based regulator CSSF to launch the industry’s first European CLO ETF 

Rockford Tower prints a new European CLO in late August
Rockford Tower Capital Management priced a new EUR 405.90m CLO in the second to last week of August in Europe

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

European CLO issuance rides high but some managers remain on the sidelines
Although European CLO issuance is close to a record pace almost a fifth of managers with at least one active European CLO have not priced a deal this year

Investors voice concern over Euro mezz spreads despite strong CLO performance
The spread contraction in European CLOs over the first half of 2024 showcases one of the market’s strongest performances in years but that rapid tightening has brought concerns