HPS prepping to issue a European CLO, the first for the market in three weeks
EXCLUSIVE: The manager is looking to price a new European CLO via Jefferies next week, with expectations of wider spreads than before the April volatility 

CLO market turns to print-and-sprint deals as volatility spikes
EXCLUSIVE: Napier Park, TP Birch Grove, and BlackRock attempt print-and-sprint deals as the maths gets tougher; AGL and Blackstone pull off deals

Siepe hires two from US Bank to boost CLO, private credit tools
The software and technology service provider for CLO and private credit managers is expanding its team

US CLO managers and investors turn away from Europe after risk retention changes
EXCLUSIVE: The reassessment is the latest consequence of the new European Supervisory Authorities’ revised guidance on risk retention

European CLO market value metrics slip as Trump tariffs roil leveraged loans – Deutsche Bank
CLO market value metrics declined as leveraged loan prices dropped; CLO credit metrics were a different story

Managers predict increased government spending should boost CLO returns in Europe
After two months of record issuance and tightening spreads to start the year, the picture for credit markets shifted markedly in March. But alongside the ramp-up in volatility, investors are growing increasingly positive about Europe

News in brief
CLO ETF outflows are ‘manageable’

Regulators seek to calm European CLO market shaken by new risk retention guidelines
The European Supervisory Authorities have since issued clarification to allow deals that priced prior to 31 March to be grandfathered in under the previous interpretation

CLOs at a glance – March 2025
Our list of recent CLO pricings globally

Latham & Watkins hires two marquee structured finance lawyers
The law firm has recruited A&O Shearman veterans Franz Ranero and James Smallwood    

Wild volatility drives spike in secondary market activity, as primary market hits the brakes in Europe
EU ABS weekly digest: primary ABS and CLO markets hit the brakes, while the secondary markets saw a flurry of BWICs hit the screens in Europe

Trump's tariff U-turn sparks cautious tightening in secondary
ANALYSIS: European CLO market saw little forced selling, more BWIC activity with some percentage of DNTs

CLO market stabilises after Trump’s tariff reversal
ANALYSIS:Investor sentiment has moderated after the US president backed down on tariffs, but the full effects will take a few days to emerge

Ares pulls reset of new Euro CLO amidst market volatility fallout
Expected to price last week, the deal was withdrawn, as overall CLO market activity slows in the wake of tariff-induced upheavals

BWICs dominate CLO, ABS secondary activity as primary quietens
EXCLUSIVE: A flurry of BWICs hit screens this week, offering both CLOs and ABS, though some did not trade in Europe

Fair Oaks adds US dollar-hedged share class to Euro CLO ETF
Trading began on Monday, with a denomination size of USD 10

Sculptor reset marks year's first short-dated European CLO
The transaction was the first repricing of the 2018-vintage deal

Trinitas prices new Euro issue with triple As at 124
The new issue priced on Monday, with deal activity expected to slow imminently

CVC upsizes two-year-old Euro CLO in latest reset
The 2023-vintage transaction increased the value of the cap stack by almost EUR 106m

European CLO market braces for issuance slowdown amid tariff fallout
European CLO spreads are widening “by the minute” in early Monday trade, and deal activity is expected to slow as many “resets off the table”  

European CLO market scrambles to comply with new regulations on risk retention
A revised regulatory interpretation at the beginning of this week left plenty of managers and lawyers sleep-deprived  

Partners' latest CLO adjusted to meet new EU risk retention guidelines
The European deal is among the first to be impacted by an unexpected interpretation for EU risk retention issued with immediate effect at the beginning of this week  

Alcentra issues first repricing of 2017-era Euro CLO
The reset of Jubilee CLO 2017-XIX saw the senior triple As widen out by 44bps

Partners prices its first new European CLO of 2025
The deal is among the first impacted by a new interpretation for EU risk retention