Jefferies kicks off US BSL issuance activity with repricings for Five Arrows and Bain
The reset for Five Arrows and a refinancing for Bain totalled to a value of just under USD 788.5m

US CLO pipeline in Q1 gears for strong start
ANALYSIS: The market is expecting healthy first quarter CLO issuance that will likely match the high bar set last year 

US BSL CLOs in 2025 saw strong year despite macro upheavals
Notwithstanding the upheaval caused by tariffs, technicals and investor demand contributed to an issuance total not far off 2024's record level

Barings prices inaugural infrastructure CLO
Co-arranged via MUFG and Morgan Stanley, Barings Infrastructure CLO 2025-I is the manager's first-ever CLO backed by infrastructure loans

CLO managers enter 2026 with higher cash balances – Fitch
By the end of 2025, 29 deals held more than 1% in cash, while nine deals had more than 3% of cash, according to Fitch

An opportunity-rich 2026 also promises fresh challenges for the US CLO market
EXCLUSIVE: A new Fed chair, AI dominance, and heightened fraud awareness are setting the stage for an interesting 2026 in the US CLO market

Guggenheim prices unlevered rated feeder
Guggenheim has issued a second levered feeder fund for the year, with Wells Fargo again acting as lead arranger on the transaction

TwentyFour AM favours European CLO equity going into 2026
In comparison, US CLO equity faces more challenges related to LMEs and refinancing activity, the asset manager said

Lev loan guidance shift will challenge private credit CLOs, bring more new loan supply – Shenkman
EXCLUSIVE: Regulators rolling back restrictive guidance around leveraged lending could help traditional bank lenders claw back market share from US direct lenders

SMBC hires Citi’s head of US CLO trading
EXCLUSIVE: SMBC Nikko has hired the head of Citi’s US CLO trading desk, according to sources

UBS looks to start CLO arranging business
EXCLUSIVE: UBS' moves to join the space come as more players enter the space, attracted by the lucrative fees associated with helping managers put CLO deals together and selling them to investors

Polus prices third US CLO
Polus Capital Management has issued its third US CLO and its second this year, following the manager’s US market debut in September 2024

Bank of America Research projects record year for US CLO issuance
The bank forecasts some USD 600bn in deals expected to hit the market, more than 19% ahead of this year’s issuance total, while it also sees at least eight debut managers coming to market in the US in 2026

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

CLO issuance projected to hit new records in 2026 – KBRA
The ratings agency projects USD 220bn in issuance across US BSL CLOs and private credit CLOs as well as five to six European private credit CLOs next year

Record gross supply but meagre risk/reward ratio for CLOs next year, says JPMorgan in 2026 outlook
The bank is forecasting a new record gross supply figure of half a trillion dollars next year for the US CLO market, but that headline figure belies the ‘recycled’ nature of much of the supply, with new origination expected to decline by around 20%

MidOcean gears up for second CLO equity fund
EXCLUSIVE: The investment manager previously raised more than USD 300m for its debut CLO Equity Fund I in 2024

KKR resets US CLO for first time since 2017
The 12-year-old KKR Financial CLO 2013-1 recapitalised its debt tranches to the tune of around USD 243.5m in the repricing

Laura Coady takes the helm of Blackstone's global CLOs
Coady, who will also serve as head of liquid credit, steps into the role as the firm’s former head of capital formation, Jane Lee departs

US life insurers increase commitments to CLOs and private credit – Fitch

Alt IM-backed life insurers in the US are increasing their allocations to CLOs and private credit in the search for higher yield

Rob Zable returns to CLOs with global role at Guggenheim
EXCLUSIVE: Blackstone’s former global head of liquid credit strategies will now lead the New York-based firm’s CLO and liquid loan effort

CLO caution dampens the buzz at ABS East
As attendees filled the Fontainebleau Miami Beach resort hotel, CLO optimism was tempered

Monthly defaults driven by bankruptcies for first time in two years – S&P Global
Five of the eight defaults recorded in September resulted from bankruptcy filings, with three coming from the US, according to a new research report

BDC stock sell off could impact CLO BBs – BofA

BofA Securities warned of the possibility of a tactical sell off in CLO BBs in response to the BDC stock sell off

US reset issuance hits over USD 15bn for September as PGIM, Fidelity and Barings print deals
The trio of repriced transactions, together worth USD 1.4bn, featured similar sizes and capital structures