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%

Investor demand for diversification drove multi-currency CLO
EXCLUSIVE: Geographical diversification was a driving force behind the creation of Europe’s first sterling/euro middle market CLO

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

CIC Private Debt prices second CLO, first of 2025
Twelve months on from its inaugural deal, the manager priced Victory Street II, which priced with an impressively small premium for a fresh-faced manager

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal

Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

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

Reckoner Capital plans CLO ETF launch in Europe
EXCLUSIVE: The team led by John Kim, previously the head of Eldgridge’s Panagram, has already started two CLO ETFs in the US

Trinitas and Oaktree price European resets with AAAs at 130
Trinitas reset a 2024-vintage deal, while Oaktree repriced a nine-year-old transaction that was last reset in 2021 at historic tights

Barings to launch first European multi-currency private credit CLO
EXCLUSIVE: Sterling-euro deal will be the third European private credit CLO to hit the market

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

Partners sets new Euro reset tight for single As
The reset of Penta CLO 16 also matched the current low for European triple As

Bank of America ups forecast for European CLO issuance for 2025
Bank of America research has revised upwards its estimates for 2025 Euro CLO gross issuance in light of strong YTD numbers and the expectation of continued market strength

Oaktree raises EUR 200m to fund its European CLOs
The sophomore fund has already begun deploying capital, the company said

Blackstone’s Jane Lee to leave the firm
EXCLUSIVE: Blackstone's head of CLO capital formation who spearheaded its CLO issuance has resigned to take time off

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

KKR’s Avoca XXX resets at current Euro tight
The deal matches KKR's own triple A tight of Euribor plus 128bps, set with the reset of Avoca CLO XXIX at the end of August

AlbaCore reworks 2024-vintage Euro CLO
The capital structure remained unchanged in the EUR 382m offering – the manager’s second deal of the year

Fidelity reworks Euro CLO, 18 months after reissue
The manager reset Fidelity Grand Harbour 2022-1 on Wednesday via JPMorgan

Price talk emerges for Royal London's first ever CLO
The asset management arm of the UK insurance and pensions group is marketing its first European deal via Goldman Sachs

European BB CLO tranches most susceptible to downgrade – S&P Global
Triple-A tranches demonstrate “significant stability,” according to the ratings agency

Diameter, Silver Point shop first Euro deals to become new European CLO managers
EXCLUSIVE: The two deals add to a busy September pipeline, which also includes the expected debut for Royal London as a first time manager

Royal London pre-markets inaugural European CLO
EXCLUSIVE: The asset management arm of the Royal London Group is set to make its CLO management debut in September

Hayfin adds to surge of short-dated August Euro resets

Credit quality of European CLOs improved since start of year – Fitch
A new report from Fitch Ratings points toward higher quality CLO portfolio credit in the year to date, despite a lower default recovery rate