CLO managers tap into Europe as US risk retention looms
US managers start structuring deals with risk retention in mind

Pramerica takes over as 5% retention holder in its 2013 CLO
Pramerica Investment Management has passed two amendments to its 2013 European CLO, Dryden XVVII, according to notices seen by Creditflux.

Global credit hedge fund manager joins “originator” craze
A global credit hedge fund manager has set up the second known example of a CLO “originator” fund

Large European investor buys into latest American Capital CLO
A large European buyer has cemented its relationship with American Capital by investing in the US CLO manager's latest CLO

JP Morgan prepares first "originator" CLO in the US
A $412 million deal, due to price this week, becomes the first US CLO explicitly marketed as an "originator" CLO

Chenavari follows originator route to price its debut 2.0 CLO
Toro European CLO 1, a €308 million CLO, priced on Friday via Deutsche Bank

Axa picks up the tempo as it markets a second US CLO
Axa Investment Managers has hired a bank to structure its second US CLO, according to market sources.

EBA hires former Axa CDO specialist to cover securitisation
Market sources say that an experienced structured credit specialist has joined the European Banking Authority in London this week.

GSO's new originator programme takes off as it prices European CLO
GSO Capital's new European CLO origination platform has got off the ground with market sources reporting that the manager priced at €413.25 million deal on Friday.

European spreads look set to stay inside US as Ares plans new CLO
Ares Management is nearing the launch of its second European CLO, according to market sources

New risk retention route offers hope to small CLO managers
There is a growing buzz in the European CLO market around a new way to structure a deal to comply with skin-in-the-game rules

Apollo switches retention route in forthcoming European CLO
Apollo Credit Management is taking a different tack to European CLO issuance in its forthcoming deal than the one it used before

Nordic funds show managers a new CLO route
Scandinavian CLO investors provide a new way for CLO managers to comply with skin-in-the-game rules

NewStar confirms $59 million outlay on recent CLO
NewStar Financial has announced that it has completed its eighth mid-market CLO

Manager shines with tightest mid-market CLO triple A print of 2014
Wells Fargo achieved the tightest triple A print in a middle-market loan CLO this year

Who's in for 10 million? buyer tells of manager's take on risk rules
Regulation was (predictably) the central point of discussion at the IMN European CLO and loan conference held in London earlier this week

European Bank intends to act as risk retainer on forthcoming CLO
A €300 million CLO is getting closer to pricing with market sources informing Creditflux that a European bank (also the deal manager) willl take a 5% stake

LSTA argues for new qualified loan status in risk retention comment
The LSTA makes two main recommendations in its comment letter to regulators on CLO risk retention; qualified loans and third-party investor sponsors

Managers look to vertical-funding solution for CLO skin-in-the-game
A consensus grows over the most realistic way to achieve compliance with risk retention rules

Credit hedge fund opts for vertical slice in its forthcoming euro CLO
Fresh details have surfaced on a new European CLO that is being marketed and which could price by the end of the month