Any takers for illiquid European CLO equity?
The investor base for European CLO equity is far smaller than for US CLO equity. But for those with the mandate, and willing to stomach the illiquidity, valuations have been strong this year.

Connection backs European CLO fund
Connection Capital has invested €5.2 million in the new CLO fund raised by Permira Debt Managers  

Permira launches European CLO fund and starts with secondary market investments
Permira Debt Managers has closed its fifth structured credit fund, Sigma V, which will invest in junior tranches of European CLOs

US credit managers make ESG breakthrough after taking a first step via UNPRI
Incorporating a framework for investing in companies based on environmental, social and governance (ESG) factors is a challenge that US credit managers are accepting in growing numbers

Euro CLO round-up: smaller (and newer) issuers print deals as spreads edge wider
It has been a relatively busy week for the European CLO market after three new deals priced to end a 17- day silence in the primary market. The quiet spell was broken by smaller CLO issuers.

Permira returns to price third 2.0 European CLO
Permira Debt Managers priced its third European new issue CLO since returning to the market in February of last year and its first this year.

CLO pipeline: Barclays and Goldman branch out to mid market
The US CLO pipeline has been full in recent weeks and this continues, with 18 new issue CLOs and a further nine refinancings appearing this week.

Basis between Japanese and syndicated CLO triple As may narrow, says Permira
The basis between Japanese anchor and broadly syndicated CLO triple As is likely to narrow, according to Permira Debt Managers

Mezzanine notes price tight as Permira Debt produces another ESG-friendly CLO
Permira Debt Managers has priced its second CLO of the year in a deal which, much like the manager’s debut 2.0 CLO, adheres to environmental, social and governance guidelines

Permira markets second new issue since bringing ESG criteria to CLO docs
Permira Debt Managers is back in the market with its second 2.0 CLO named Providus CLO II, which could price as early as next week

Europe's next generation of CLO managers favour ESG

PDM strengthens CLO structuring team with former Och-Ziff official
Permira Debt Managers has strengthened its CLO structuring team and hired former Och-Ziff’s Pierre Driant, Creditflux has learned

Euro league tables: Permira and Voya join the CLO bonanza
There’s been €10.5 billion of CLO issuance in the first quarter of 2018 with a debuting manager and a re-debuting manager adding their names to the growing list of CLO issuers

PDM sees no limitations as it brings ESG investing to CLO management
“We look at the level of ESG risk for every credit we buy, as if it was any other kind of risk consideration” - Permira's Ariadna Stefanescu describes PDM's approach to CLO management

Debut manager prices first ever CLO featuring ESG criteria
The CLO market has welcomed a new manager, which priced its debut 2.0 transaction via BAML yesterday

PDM liquidates CLO funds after 20% per year returns
Permira Debt Managers is liquidating two structured credit funds after generating strong returns

Past returns: Permira’s considered approach to CLO launches
This month 10 years ago, private equity firm Permira made its debut in the European CLO market

PDM hands euro CLO mandate to bank after hiring three loan specialists
Permira Debt Managers' plan to return to CLO management - a decade after it last priced a CLO - is in motion

After 10 years away, Permira makes plans for return to CLO management
PDM is best known as a direct lender and investor in CLO tranches – but its first foray into credit was as a CLO manager. The firm is now reviving that business. 

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

Fund manager raises €160 million for new strategy targeting CLO equity
A London-based manager has launched its largest sub-investment grade structured credit fund which will focus mainly on euro CLO equity

Permira liquidates CLO fund after making 10%-plus annualised returns
Permira Debt Managers has achieved impressive final returns after liquidating a fund which invests in junior European CLO tranches