European CLO rankings - FY 2024
Full year CLO manager and arranger rankings for European CLOs in 2024

Investcorp Credit’s Jeremy Ghose and Tom Shandell set to exit firm
Investcorp has shaken up its leadership team, with Head of Global Credit Jeremy Ghose to step down and Head of Liquid Credit Investments Tom Shandell also set to leave the firm

DLA Piper bolsters US CLO team with Vavelidis move
DLA Piper has relocated finance partner Kos Vavelidis to New York from the firm’s London office to take on a global role

Bank of America sees 'seriously elevated' uncertainty as headwinds for Euro CLOs
Global uncertainty has become “seriously elevated” to become the main risk to credit markets in 2025, according to analysts at a Bank of America credit markets roundtable in London last week, though the underlying outlook for European CLOs remains broadly positive

HPS upsizes latest European new issue
HPS Investment Partners has increased post-pricing its latest new-issue European CLO – Aqueduct European CLO 10 -- by EUR 153.4m to EUR 610.8m

Janus Henderson launches European CLO ETF
The fund is the second European CLO ETF to hit the market, following Fair Oaks’ fund launch last year

Palmer Square announces three new European CLO ETFs
The new funds are the first European CLO ETFs to offer the ability to invest beyond triple-A-rated tranches  

Euro CLOs consolidate in 2024 with an eye to future growth
Boosted by a strong end-of-year performance, the European market set a new record for gross issuance in 2024

HPS fundraises to invest in CLOs
HPS Investment Partners has been fundraising for CLO investments and has made two registrations for CLO funds in Luxembourg

JPMorgan names new CLO leadership team to replace trio of senior departures
The CLO market's biggest arranger has named a new global head as well as other CLO leaders to replace Christine Ferris, Anusha Joly, and Mussie Tizazu

Brigade wraps up 2024 with third Euro reset
Brigade Capital Management has reset a 2019-vintage European CLO via Morgan Stanley  

BNP Paribas forecast about USD 200bn of new CLO issuance in US and around EUR 50bn for Europe
BNP research analysts anticipate that CLO spreads will tighten over the first half next year, ahead of potentially widening in the second half  

Hayfin prints short-dated Euro deal to round out the year
Hayfin has priced a CLO that marks the first short-dated primary market activity in Europe since early November  

Voya upsizes November European CLO print with tap issue
Voya has increased the size of a new European CLO it priced in November by 37.5%, to just under EUR 562m  

Napier Park launches and successfully fundraises for captive CLO equity fund
Napier Park has launched its first global CLO captive equity fund and has already raised a sizeable amount

December deal downpour shatters issuance records in Europe
December sees the most issuance for the month on record as reset activity jumps to the most this year

Barings puts together first ever European middle market CLO
It’s been a long time coming, but the successful pricing last month of the first European private credit CLO marked a milestone in opening up the region to one of the CLO market’s most dramatic growth stories in recent years.

ICG nabs a second Euro CLO deal before year end
ICG has reset its Euro CLO 2022-1 with a moderately tightened overall cost of funding

Fidelity prices Euro CLO offering, continuing a parade of December resets
Fidelity has repriced a deal originally issued by MeDirect Bank in 2019, arranged by JPMorgan  

Five Arrows tightens up mezz with 2019-vintage Euro CLO reset
The third European reset of the year for Five Arrows Managers saw the triple-As price at 133bps over the base rate  

Partners makes it seven Euro deals for the year with Penta CLO 7 reset
Partners Group was among the European managers to end the year on a high note, pricing Penta CLO 7 via Citi – the manager’s seventh European deal of 2024

KKR’s latest Euro CLO reset records tightest overall funding cost of 2024
KKR has priced the tightest long-duration European reset of 2024 measured by overall cost of funding with a 2018-vintage issue arranged by Jefferies

Blackstone prints new-issue European CLO
Blackstone has priced Waterstown Park CLO, its sixth new European issue of 2024, in a EUR 405.3m transaction  

Carlyle resets 2020-vintage CBAM Euro deal
Carlyle has reset a European CLO, sized at EUR 298.425m, that was originally priced by CBAM in October 2020 

HPS prints new vanilla deal as European market maintains momentum
A new EUR 457.4m BSL CLO from HPS continued the unusually strong bout of December issuance momentum