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

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

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

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

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

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

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

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

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

Rise in BBB fixed-rate CLO tranches in US overtake AAs—Barclays
CLOs tend to prefer floating rate assets, but the percentage of fixed-rate BBBs have ticked up since January 2024

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

First Brands factoring agreements a USD 2bn variable at play in potential Chapter 11 filing – legal analysis
Factoring agreement terms determine ownership of accounts receivables in bankruptcy; fraudulent transfer claims, termination fees possible issues

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

Fed cutting cycle could decrease demand for CLOs—Barclays
Rate cuts present a slight headwind for nominal CLO demand but should be more neutral for spreads and supply, a recent credit strategy research report says; could be boost for CLO equity

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

Atlantic Avenue prices fourth CLO, first of 2025
The US CLO manager owned by Connecticut-based MC Credit Partners has returned to primary issuance after 10 months

Resets prove lynchpin of US issuance as deal flow ramps up
US CLO issuance this week was dominated by a brace of resets, with deals issuing from the likes of AGL, AMMC, PPM, Sycamore Tree and Saratoga Investment Management