Royal London gears up for debut CLO issue later this year
EXCLUSIVE: The asset management firm, part of the Royal London Group, has hired an arranger and is planning to price its inaugural deal later this year in Europe  

Nascent European CLO ETF market could catch up to US—S&P
Positive European sentiment will help drive European ETF adoption, according to a new report

Sculptor prices new euro CLO amidst busy market
Sculptor European CLO XIII was the manager's first new European issue in over six months

Barings moves toward second Euro private credit CLO as Blackstone, Apollo mull initial deals
EXCLUSIVE: The firm that cracked the European private credit CLO market open last year is working on its second such deal, while Blackstone and Apollo eye a market entry

Neuberger Berman restarts post-Barcelona Euro activity with new issue
The manager returned to European primary market issuance for the first time in 14 months with its latest print this week

Ares launches direct lending fund for European wealth investors
The firm’s first ELTIF product will give individual investors access to its existing European direct lending strategy

Blackstone hires Laura Coady from Jefferies to head CLO business
The alternative asset manager has poached Jefferies's top CLO banker to become its global head of CLOs and head its European liquid credit strategies

US pensions' push into European private credit involves local expertise pursuit, mid-market strategy differentiation
The European credit market is expected to benefit from recent fiscal stimulus announcements and lower primary tariff impact, while mid-sized managers are likely to see growing demand for differentiated strategies

Mapping the present and future of credit
Keynote speakers at this year’s Creditflux Symposium highlighted the success of credit markets during recent volatility and argued that a wave of securitisation could drive growth in Europe

The market will not look kindly on managers that don’t reset their deals
In today’s CLO market, the choice is stark: reset or slowly perish

US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

US-based Diameter Capital moves to enter Europe as a CLO manager
EXCLUSIVE: The credit-focused alternative asset manager has made hires in Europe to issue CLOs in the region, according to sources

Fair Oaks returns to European CLO primary with tight new issue
The European manager priced its first deal in over 12 months with relatively tight pricing throughout the stack

Europe sees first reinvesting private credit CLO as Ares prices rare sterling deal
The second private credit CLO in Europe is comprised of over 50 middle-market companies based in the UK, primarily operating in defensive industries

US CLO spreads to widen as uncertainty and tariffs bite – JPMorgan
Higher US tariff levels may lead to CLO spreads widening and pressure US CLO market growth, but new origination has been more resilient than expected, according to JPMorgan analysts in their mid-year CLO outlook report

Serone adds third act with newest CLO pricing
The European manager priced its third deal just a year on from its market debut

Anchorage prints first new Euro CLO in 12 months
Spreads for the manager’s latest deal priced wide of those for Ares’ new CLO, which also priced Wednesday

M&G strengthens European structured credit with Madrid appointment
The hire is part of M&G’s strategy to expand its European origination and research capabilities, supporting the growth that M&G expects to see in structured credit

European market gears up for fresh issuance wave with building pipeline
ANALYSIS: The pipeline includes up to 20 deals, building on a stream of increased issuance and tightening spreads following the market’s April hiatus

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

Swiss investment manager LGT launches new European CLO platform
The alternative investments management arm of the LGT Group has unveiled a new CLO business, the latest addition to the European CLO management space  

Former Platinum Credit MD joins multi-manager platform Schonfeld
Jordan Stevens previously served as a senior credit deal lead for Platinum Equity’s private credit platform

Buyout Highlights - Overview of Europe Buyout and Financing Trends 1Q25
Leveraged loans are again the main source of financing for LBOs in Europe, providing 65% of the total volume issued in 1Q25  

Tariffs will push up default rates for several years, say agencies and managers
After an uptick in leveraged loan defaults culled weaker credits in 2024, many expected default rates to fall in 2025. But the uncertainty stemming from the Trump administration’s tariffs means those assumptions are now under threat