Tikehau’s first European CLO of 2025 prints wider in lower mezz
The French manager’s latest deal exhibited some evidence of weakening demand from mezz investors  

Hamza Lemssouguer’s Arini aims to become a new US CLO manager
EXCLUSIVE: The European hedge fund has hired Goldman Sachs as arranger for its first US deal 

New Bain Euro issue prints wide of guidance in mezz
The deal suggests investor demand is weakening in the middle mezz, even as triple A demand remains strong  

Alcentra raises over USD 1bn to invest in third-party as well as own CLOs
The funding will invest in CLO mezz and equity through the firm’s third-party CLO tranche investing platform and for its own issuance in Europe

February global CLO issuance on track to beat 2021 record
Monthly global CLO issuance has passed the 100-deal mark in February, with a week of dealmaking still to go

Tikehau in ‘expansion mode’ to compete in the big leagues, mulls European private credit CLO
The French alternatives manager unveils partnership and expansion plans to compete with the alternative giants of the US market  

Alcentra returns to market with large new Euro issue
The deal is the first new European CLO from the manager since September  

Deadline nears for 17th Creditflux Manager Awards submissions
The deadline for entries to the 17th annual Creditflux Manager Awards in May in London is closing in, with entries accepted until Tuesday 25th February.  

CLOs remain active in secondary market for second week as investors anticipate macro volatility
Busy week for CLO BWICs as investors brace for volatlity and look to crystallise profits, according to market sources

Capital Four markets reset of inaugural European CLO
The attempted reworking of the 2019-vintage deal is guiding its triple A paper at between 120bps-123bps over Euribor  

Oaktree prices tight as it gets off the mark in Europe for 2025
The deal comes amongst a suite of deals that indicates European CLO spreads are currently in the midst of a rapid tightening movement    

Chenavari and Cross Ocean each price first CLOs in eight months
The European managers both priced new issues with triple As at 125bps over Euribor  

Sound Point’s latest CLO dramatically slashes European tights to lowest in four years
The transaction was the first full-stack European deal to achieve a total cost of debt below 179bps over Euribor in four years  

Bain markets new CLO with price talk at fresh European AAA tights
Hot on the heels of a new year-to-date triple A tight for European CLOs, Bain Capital Credit is attempting to drive spreads even lower  

New CVC issue cuts Euro AAA tight by two basis points
CVC’s first new Euro deal of the year priced triple As at 120, two basis points inside the previous low – but its overall cost of funding remained slightly wide of the tightest for the year

European CLO Rankings - January 2025
A busy January saw EUR 5.6bn of issuance in Europe, with Jefferies and HPS leading the European CLO rankings

Canyon prices its third CLO since entering Europe
Canyon Partners has priced its first European CLO since April last year  

European CLO portfolio manager Jason Late to leave Man Group
The news comes after the London-based portfolio manager saw his CLO portfolio management responsibilities transferred to the firm’s New York office  

European CLO ETF options widen as Invesco launches two new offerings
The asset manager joins Janus Henderson and Palmer Square in announcing debut European CLO ETFs this year  

UBS prices first new US issue for 2025 close to current AAA tight
The USD 604m deal saw the senior triple-A paper paying 114bps over SOFR  

Fidelity tightens up with first Euro CLO reset of 2025
The repricing set a new year-to-date triple-A tight for European resets of Euribor plus 123bps  

January issuance smashes records as spreads tighten
The CLO market blazed hot in January, breaking issuance records and pushing spreads down to near-historical lows. Market participants are positive about the rest of the quarter, but predict headwinds on the horizon.

CLOs at a glance - January 2025
Our list of recent CLO pricings globally

Credit funds at a glance - January 2025
Fund performance, recent hires, recent fundraising

PGIM resets 2017-vintage Euro CLO with wider cost of funding
The transaction marked the first reworking of the seven-year-old deal, with spreads pricing wider at every level of the cap stack