The financial crisis was the making of 'em
Some of the largest and best performing CLO managers before the crisis were fairly nimble by today's standards - but these 1.0 outperformers are now among the biggest names in the industry. 

European CLOs hold up to 19% exposure to UK assets, but Brexit curbs demand, says Wells Fargo
As Brexit permutations become increasingly convoluted, the average CLO manager holds 13% exposure to loans domiciled in the United Kingdom, notes Wells Fargo in its latest research. But CLOs have made a noticeable shift away from the country as uncertainty rises

European CLO volumes to drop in 2019, but mezz could benefit, says BNP Paribas
Demand for European leveraged loans will be lower in 2019 due to lower CLO issuance, predicts BNP Paribas

Strong demand for euro CLO triple As suggests expectations of a refi wave
A high volume of European CLO triple A bonds were marketed on bwics to trade today at 10am London time 

Deutsche Bank refinances CLO backed with trade finance assets
Deutsche Bank has brought a $3.5 billion CLO backed by trade finance that includes a first-loss piece issued at par

Accunia reshuffles CLO team as Grasso steps down
Accunia Fondsmægslerselskab has undertaken a management reshuffle as a CLO portfolio manager steps down

European regulators look to soothe CLO reporting jitters
The European Supervisory Authorities (ESAs – EBA, ESMA and EIOPA) have sought to calm the nerves of the European CLO industry ahead of a securitisation regulation framework that is due to come into effect from January

JP Morgan embraces Euribor cap with new issue CLO for Partners Group
Partners Group has priced its fourth new issue CLO of 2018, following a €413.9 million deal arranged by JP Morgan

Global CLO round-up: there's something for everyone as CLOs put on a good spread
This week, equity investors have something to be thankful for with triple A CLO spreads showing signs of tightening

Barings joins list of European managers to issue three new CLOs in 2018
Barings has joined the exclusive list of European CLO managers to price three new issue deals in 2018, according to market sources

Norinchukin's CLO holdings jump by over 50% since March
Norinchukin’s appetite for CLOs shows no signs of relenting

Weil promotes structured finance specialists to partner
Weil Gotshal & Manges has promoted two structured finance specialists to partner, according to an announcement from the firm.

Brigade pours €414.4 million into largest Armada CLO to date
Brigade Capital Management has priced its largest European CLO to date, following a €414.4 million new issue deal named Armada Euro CLO III

GoldenTree turns into a forest with second multi-arranger Euro CLO
GoldenTree Loan Management has used several arrangers to issue its second new CLO in Europe this year, known as GoldenTree Loan Management EUR CLO 2

Euro CLO league tables: Rockford Tower debuts to take manager list up to 41
European CLO volumes picked up in October as €2.4 billion of new issue paper priced, taking up 62.2% of overall volumes as repricings took a back seat.

Global CLO league tables at a glance - October 2018
A snapshot of the overall league tables as of 31 October

List of debut managers in Europe grows as Invesco crosses the ocean
Invesco has added its name to the list of US CLO managers crossing the Altantic after launching its first 2.0 deal in the European market

Simmons & Simmons adds partner to lead its CLO practice in London
Simmons & Simmons has appointment structured credit specialist James Grand as a partner to lead its CLO practice

JP Morgan continues European CLO push with its third new issue in Q4
JP Morgan is marketing a new issue CLO for Partners Group

GoldenTree's Euro CLO business blossoms with second 2018 deal in sight
GoldenTree Loan Management is planning its second new issue CLO in Europe since it returned to the market earlier this year

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

PGIM gets its kicks on Dryden 66 European CLO
PGIM has brought its sixth European CLO of the year, pricing the €411 million Dryden 66 via Credit Suisse, according to market sources. The transaction’s €238 million triple-A tranche hit the tight end of recent European deals at a coupon of Libor plus 96bp

Dwindling refi viability forces revision of CLO forecasts
A combination of a flatter term curve and squeezed arbitrage is causing market participants to adjust their CLO forecasts on both sides of the Atlantic

ESMA regulations could halt European issuance, says LMA
The European securitisation market is at risk of a “cessation of issuance and market disruption” unless the European Securities and Markets Authority (ESMA) allows a phased implementation of the new regulatory framework due to come into effect from January, according to the Loan Market Association (LMA)