2026 kicks off with a lot of thunder and not much lightning
ANALYSIS: A lot of noise around geopolitics, Fed interference and market volatility has had little effect on the global CLO market, for now  

US BSL CLO rankings – full-year 2025
EXCLUSIVE: Blackstone returns to the top of the tree as the leading US BSL CLO issuer in 2025 in Creditflux's full-year manager rankings, while Bank of America comfortably topped the arranger tables. Behind them though, there was plenty of movement

Multi-currency private credit CLOs will become the status quo in Europe - S&P

The multi-currency approach to European private credit CLOs will become the status quo this year, with new entrants helping to drive this growth, S&P has predicted

Anchorage re-rates AA debt to AAA in 2024 US CLO refi
The full refinancing of the 2024-vintage deal was arranged by Morgan Stanley

Former Tikehau US CLO leaders reappear at Serone
Erika Morris and Wes Seifer join Serone Capital Management to build a US performing credit business

Private credit CLOs scaled new heights in 2025
CHART: Mid-market CLOs enjoyed their biggest issuance year ever, powered by a high number of pricings and underpinned by an especially prolific opening quarter

Barings to reset static middle market CLO as multi-currency, reinvesting deal
EXCLUSIVE: Barings is resetting its EUR Middle Market CLO 2024-1, converting it from a static euro to a reinvesting multi-currency deal

Jefferies kicks off US BSL issuance activity with repricings for Five Arrows and Bain
The reset for Five Arrows and a refinancing for Bain totalled to a value of just under USD 788.5m

European CLO issuances and resets to quickly ramp up
EXCLUSIVE: The European CLO market is preparing to kick off another busy year with industry insiders predicting both new issuances and a continuation of last year’s reset activity

Growth of CLOs could place financial stability at risk – UK House of Lords
The House of Lords, the upper chamber of the UK Parliament, has warned that the rising use of CLOs could represent an as yet unknown risk

US CLO pipeline in Q1 gears for strong start
ANALYSIS: The market is expecting healthy first quarter CLO issuance that will likely match the high bar set last year 

US BSL CLOs in 2025 saw strong year despite macro upheavals
Notwithstanding the upheaval caused by tariffs, technicals and investor demand contributed to an issuance total not far off 2024's record level

Barings prices inaugural infrastructure CLO
Co-arranged via MUFG and Morgan Stanley, Barings Infrastructure CLO 2025-I is the manager's first-ever CLO backed by infrastructure loans

CLO managers enter 2026 with higher cash balances – Fitch
By the end of 2025, 29 deals held more than 1% in cash, while nine deals had more than 3% of cash, according to Fitch

An opportunity-rich 2026 also promises fresh challenges for the US CLO market
EXCLUSIVE: A new Fed chair, AI dominance, and heightened fraud awareness are setting the stage for an interesting 2026 in the US CLO market

European CLO market’s record-breaking run to ease into stability in 2026
Following a record-breaking year of issuances and reset activity, most managers are predicting stable rather than stellar growth for the year ahead

Guggenheim prices unlevered rated feeder
Guggenheim has issued a second levered feeder fund for the year, with Wells Fargo again acting as lead arranger on the transaction

TwentyFour AM favours European CLO equity going into 2026
In comparison, US CLO equity faces more challenges related to LMEs and refinancing activity, the asset manager said

Lev loan guidance shift will challenge private credit CLOs, bring more new loan supply – Shenkman
EXCLUSIVE: Regulators rolling back restrictive guidance around leveraged lending could help traditional bank lenders claw back market share from US direct lenders

SMBC hires Citi’s head of US CLO trading
EXCLUSIVE: SMBC Nikko has hired the head of Citi’s US CLO trading desk, according to sources

UBS looks to start CLO arranging business
EXCLUSIVE: UBS' moves to join the space come as more players enter the space, attracted by the lucrative fees associated with helping managers put CLO deals together and selling them to investors

Polus prices third US CLO
Polus Capital Management has issued its third US CLO and its second this year, following the manager’s US market debut in September 2024

Bank of America Research projects record year for US CLO issuance
The bank forecasts some USD 600bn in deals expected to hit the market, more than 19% ahead of this year’s issuance total, while it also sees at least eight debut managers coming to market in the US in 2026

CLO dispersion set to increase in 2026 – BNP Paribas
Next year is likely to see increasing dispersion in credit performance off the back of a series of idiosyncratic credit events, BNP Paribas has forecast in its 2026 CLO outlook

CLO issuance projected to hit new records in 2026 – KBRA
The ratings agency projects USD 220bn in issuance across US BSL CLOs and private credit CLOs as well as five to six European private credit CLOs next year