Global CLO market on pace for year of historic issuance
The summer promises to be a scorcher for deals in the USD 1.3tn global CLO market as the asset class looks ahead to a potential record-breaking year

Full steam ahead in the US and Europe
We’re now six months into 2024, and according to our latest league tables, the CLO engine shows no sign of slowing down, as spreads grind tighter and resets get underway in Europe

Fund performance
Spire, Prytania and Serone funds enter top 10 dominated by CLOs; Leading fund: Alegra ABS 2

Manager tiering almost disappears in US BSL market
At first glance, the tight spread in a new CLO this week from Wellington appeared to be irrefutable evidence that manager tiering had collapsed entirely. But the explanation is more complicated than that.

2024 Q2 manager rankings by AUM
Our Q2 2024 rankings for CLO managers by total global CLO AUM are now available

Voya makes its mark with new 135bps BSL CLO
Voya joined an array of managers pricing new US BSL CLO at the 135bps level in recent days with the pricing of Voya CLO 2024-4

Orix resets four-year US CLO
Orix Advisors has reset a 2022 US BSL CLO that had attracted attention for its unusual timeline

Janus’ mezzanine CLO ETF tops USD 1bn of AUM
Janus Henderson’s B-BBB CLO ETF has grown to more than USD 1bn in AUM as retail investors are increasingly drawn to investing in CLOs. 

CIFC resets CLO from 2018 with small equity injection
CIFC Asset Management has reset CIFC Funding 2018-V, adding USD 13m of equity

TCW prices second new issue US BSL CLO of 2024
US west coast manager TCW Asset Management returned to the market on Friday for its second CLO of the year 

Ex-Sculptor veterans launch new asset-backed firm Indago
Sculptor alumni led by Akhil Mago have kick started Indago to invest in asset-backed finance and CLOs

Spreads hold steady at 135bps as Elmwood prices new CLO
Elmwood Asset Management has printed a new issue US BSL deal called Elmwood CLO 31 that tied for the tightest spread of the year

Partners ramps up CLO issuance pace with US reset
A second reset in under a week, this time a reset of a US 2022-vintage CLO, has made it a busy start to July for Partners Group

Sculptor markets a refi of 2017 vintage
Sculptor is marketing a partial refi of OZLM XIX, a US BSL CLO that debuted in 2017 under the Och Ziff banner

US BSL CLO Rankings - June 2024
Our latest rankings for the US BSL CLO market, including arranger and manager league tables, are now published

US MM CLO Rankings - June 2024
Our latest rankings for the US MM CLO market, including arranger and manager league tables

Nuveen matches new tight of 135bps in US BSL CLO
Nuveen’s Symphony Alternative Asset Management has priced a US BSL CLO that matches the tightest triple A spread for a new deal in 2024

Allstate tightens benchmark again with another US CLO reset
Less than three weeks after it priced the tightest full-length US CLO reset of 2024, Allstate returned to the market and lowered the benchmark by another basis point 

UBS resets 2022 vintage CLO
UBS’ reset of Madison Park Funding LV highlighted how much senior spreads have tightened over the last two years

Atlas SP keeps it in the family for CLO arranging debut
Apollo affiliate Atlas SP has made its lead arranger debut, taking the reins on refinancing a CLO managed by fellow Apollo affiliate Redding Ridge

Comvest prices debut MM CLO
Comvest Capital Advisory Services priced its first CLO last week, a new middle market issue hit the market with an unusual 1Y/1Y timetable

CLO spreads keep tumbling as AGL takes it turn
AGL and Societe Generale have set new tights for both triple-A and double-A notes in a new US BSL CLO

Benefit Street resets 2022 vintage
Benefit Street Partners on Friday reset its Benefit Street Partners CLO XXVI, a European BSL deal from 2022

Palmer Square notches up another 2022 US CLO reset
Palmer Square’s 14th transaction of 2024 priced on Tuesday, a USD 494.41m reset of a 2022-vintage US BSL CLO

Back to the beginning for PennantPark with 2019 reset
PennantPark has reset its inaugural CLO deal from 2019, a middle market transaction, with the senior triple-As printing at 175bps above SOFR