Investor demand boosts CLO deals but loan tightening may pose future challenges
US CLO spreads have narrow dramatically in 2025, but leveraged loans have fallen even more, which may eventually erode the arb and hamper dealmaking, but for now CLO issuance remains strong

Aegon prices second reset of 2017-vintage issue
Aegon USA Investment Management has priced a reset of a US BSL CLO arranged by Jefferies 

Blue Owl prints another looks-like-a-middle-market-deal BSL CLO
Blue Owl has priced a US BSL CLO with a structure that closely resembles that of a middle-market deal via BofA

CLO manager rankings by AUM - FY 2024
Blackstone retains its crown as the largest CLO manager in the world in the latest update to our definitive CLO manager league tables by principal liabilities

Fidelity adds to sub-120 US CLO reset dealmakers
Fidelity Investments, through its CLO management subsidiary Ballyrock Investment Advisers, has reset a 2023-vintage deal

Global CLO law firm rankings - FY 2024
Our definitive global, US and European rankings for CLO law firms in 2024

Global CLO trustee rankings - FY 2024
Our definitive global, US and European rankings for CLO trustees in 2024

Apollo prices Europe first new-issue CLO of 2025
Apollo's Redding Ridge has kick started new CLO issuance in Europe for the year, arranged by BNP and Apollo

BlackRock prices inside guidance throughout stack with latest Euro CLO
BlackRock has priced its first European deal of the year and printed the CLO notably tighter than prior guidance 

Palmer Square approaches market tight with 116bp new-issue print
Palmer Square Capital Management has priced its first new US CLO issuance of 2025, arranged by Bank of America 

European CLO deals swing into action as Bridgepoint prices reset
Bridgepoint has priced the first European CLO deal of 2025, resetting  a 2022-vintage CLO via Barclays

Neuberger Berman prints two nearly identical refis on same day
Neuberger Berman has refinanced a duo of US BSL CLO deals from 2021 via Wells Fargo

European BB spreads set to tighten as "fast money" chases yield
Mezzanine spreads on European CLOs look as though they will fall significantly lower as investors take on more risk

Nassau markets a Euro CLO reset gearing for end-week pricing
Nassau has been marketing a reset of its Euro CLO II, a 2022-vintage deal, via Jefferies  

Elmwood tightens US AAA spreads to 115 with market-shifting print
Elmwood Asset Management has priced a new-issue US BSL CLO with triple-As at 115bps arranged by Nomura 

Apollo's Redding Ridge joins Elmwood in pricing AAAs below 120
RR 37 was the second deal to price triple-As inside the levels seen in 2024

European CLO market sees burst of ETF launches to start new year
CLO ETFs are gaining traction in Europe, with growing institutional and retail investor demand 

BlackRock marketing Euro reset with tightening spreads
BlackRock has been marketing a European CLO reset with talks of triple-As in the mid-120s  

HPS, BlackRock, Sona among European managers prepping to bring CLOs to market
CLO managers are currently prepping to bring a double-digit number of deals to market 

Franklin resets 2023 vintage CLO, tightens triple-A spread by 71bps
Franklin Advisers has printed a reset of US BSL CLO that slashed more than 70bps off the spread at the top of the stack

CIFC lowers US triple-A spread mark to 122 with a reset CLO
CIFC has reset reset a CLO, arranged by Bank of America, that takes US triple-A spreads a major step closer toward the 120 mark

Fitch reports improvement in European CLO default rates during 2024
The cumulative number of defaulted issuers rated double-C or below in EMEA CLO portfolios fell to 19 in 2024 from 22 the previous year, according to Fitch

Rockford Tower refinances 2020-vintage BSL CLO less than a year after reset
Rockford Tower Capital Management has printed a USD 367.81m full refi of  a US BSL deal that the manager reset last February

UBS refi of 2019 vintage CLO tightens triple-As by 29bps
UBS has refinanced Madison Park Funding XXXVI via RBC, tightening spreads across the structure 

Europe begins 2025 CLOs with a flourish as triple-A spreads trend toward mid-120s
The European CLO market is starting 2025 with a heavy deal pipeline and spreads that reflect strong investor demand