Sound Point becomes 5th largest CLO manager as Assured deal completes
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world.

Blackstone rethinks captive equity strategy
Blackstone has announced proposals to wind down its existing risk retention vehicle, Blackstone Loan Financing Limited (BGLF).

CLOs at a glance
Recent CLO issuance

Managers scramble to launch captive equity funds as they become best route to market
A plethora of CLO managers are eyeing captive equity fund launches in 2023 with the lack of such vehicles cited as the “main hurdle” for issuing deals.

Low warehouse balances show CLOs bracing for volatility
A record number of CLO warehouses are open but contain record low balances, according to several market sources. The figures indicate that CLO managers and equity investors are preparing for a sell-off in the loan market in the latter half of 2023.

Trepp launches new CLO data service
Trepp, a New York-based data provider, has launched a new leveraged loan and corporate CLO analysis database called TreppCLO

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD

CLO and structured credit PM parts ways from Hildene
An experienced CLO and structured credit specialist has left Hildene Capital Management

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

CSAM makes it three-in-a row after Creditflux manager of the year award win
After a tumultuous last few months, Credit Suisse Asset Management is celebrating after winning the Creditflux Manager of the Year award for the third year running. 

LGT eyes CLOs in new $750 million evergreen credit fund
LGT Capital Partners has launched a new evergreen credit fund, which will invest in a variety of floating rate credit strategies – including CLOs

CLO rankings: manager AUM, advisory firm and trustees Q1 2023
Two acquisitions close to shake up the top and Dechert takes early lead over Milbank in manager counsel rankings

CLO market turns international as new investors land
The global CLO market attracted new investors over the first quarter of 2023, according to market sources, while others have moved across the capital stack or into different regions than those to which they have been accustomed

Senior global CLO trader leaves JP Morgan after 20 years
A senior global CLO trader has parted ways with the bank after two decades

Sound Point to take on Assured's asset management business in new partnership
Assured Guaranty and Sound Point Capital Management have struck up a partnership, according to an announcement, which will make Sound Point the fifth largest CLO manager globally.

Board aims to grant Blackstone fund ability to invest directly in primary CLOs
The board of publicly traded fund Blackstone Loan Financing is proposing to amend its investment policy to allow it to directly invest in primary CLO opportunities, following the results of its shareholder consultation announced today.  Changes to NAV valuation methodology alongside various potential exit opportunities was also discussed.

Pimco promotes global lev fin and CLO head to managing director
Pimco's leveraged finance head is one of five senior officials promoted to managing director

CLO investor expands into IG tranches with new global fund
The junior CLO debt and equity investor is going up the capital stack to invest in single A and triple B tranches

Global CLO league tables - February 2023 YTD
Global CLO league tables - February 2023 YTD

Barclays won't let sleeping dogs lie after another Newfoundland CLO reset
Newfoundland CLO, the long running and world's largest balance-sheet CLO, has been given a new leash of life by upsizing in a reset yesterday, according to announcements from Moody’s and Scope Ratings.

Global CLO league tables - January 2023 YTD
Global CLO league tables - January 2023 YTD

Senior CLO investor lands at fintech Revolut as head of global structured credit
A senior CLO investor has landed at rapidly growing fintech Revolut as head of global structured credit, in a move which suggests the start-up could start investing in CLOs