Pearl Diver raises USD 100m for first investment grade CLO fund
CLO equity specialist Pearl Diver has expanded up the stack with the launch of its first investment grade CLO fund 

Brigade prints wide of current Euro mark with CLO reset
Brigade has priced a reset of a 2018-vintage European CLO via Bank of America

KKR prices tightest European deal since August with latest reset
KKR has reset and upsized an early 2023 European CLO, and priced the deal with senior spreads below 130bps

CVC resets older Euro CLO deal with smaller equity infusion than guidance
CVC has priced a reset of a 2016-vintage European CLO that made significant changes to the capital structure including an equity injection

Trinitas joins the 2023-vintage reset club
Another European CLO has priced with triple-As at 130bps, this time the reset 2023-vintage Trinitas Euro CLO IV

Investcorp joins array of new European issues at 130bps
Investcorp’s second new European CLO in 2024 priced today – a EUR 407.9m deal that was arranged via JP Morgan

Polus debuts as US CLO manager with first deal pricing
Polus Capital Management has become the first debut US BSL CLO manager of the year after pricing Polus US CLO I 

Voya prepares to reset debut European CLO
Goldman Sachs is marketing a reset of a 2018-vintage European CLO managed by Voya

European CLO debuts stall as lack of loans cuts into deal arb
After a bumper year for new European CLO managers in 2023 the market is approaching the final quarter of the year having notched up just a single debut

Capital Four nudges European new issue CLO spreads back below 130bps
After stabilising at Euribor plus 130bps over the last couple of months, European CLO triple-A spreads have dipped back below that mark

Retail interest fuels third-party CLO equity return
After a few years skulking in the shadows, third-party CLO equity is fundraising furiously — and gaining traction among new kinds of investors.

Milbank reaches largest ever size in Europe with marquee partner hire
For the London branch of CLO legal heavy-hitters Milbank, 2024 has been a transitional year — and certainly not in circumstances the firm had anticipated 12 months ago

CLOs at a glance
Recent US & European CLO issuance

Jefferies prices short-dated Euro CLO reset for Permira
Jefferies has continued its series of short-dated European resets with a 1Y/2Y reworking of a 2018-vintage Permira CLO 

Apollo’s Redding Ridge promotes Joe Moroney to CEO
Redding Ridge, Apollo's CLO management subsidary, has named Joe Moroney to be its new CEO 

Triple-Bs tighten as Apollo prices new European CLO
Apollo’s latest new-issue European CLO saw the manager price the second-tightest triple-B spreads seen this year

Pinebridge reworks 2016-vintage CLO for the third time
Pinebrides has priced a refinancing of a 2016-vintage CLO for the third time via JP Morgan

European CLO market focuses on resets as pipeline fills out
CLO deal activity is set to be robust in Europe through the autumn months with managers mainly focusing on resetting older vintage deals 

Spire notches second CLO deal of 2024 with ’22-vintage reset
Spires priced a 2022-vintage reset with Jefferies arranging the EUR 374m CLO 

CVC gears up to reset a 2016-vintage European CLO
CVC has joined the Autumn deal calendar and has been marketing a reset of a 2016-vintage CLO via Natixis

Investcorp's head of European credit funds Philip Yeates leaves firm amid leadership shake-up
Philip Yeates, head of European credit funds at Investcorp, has left the firm as the asset manager undergoes a leadership shift that's seeing co-CEO Hazem Ben-Gacem set to depart later this year and executive chairman Mohammed Alardhi take on CEO duties

Evangeline Lim departs from Arini and retires from CLO industry
Arini's head CLO PM Evangeline Lim is leaving Arini, triggering a shak-up that sees the firm's deputy CLO PM Ben Rothberg replacing her

European CLO primary picks up as Partners reset prices
After an August in which only three deals priced in the European market, things appear to be ramping up once more with the reset of Penta CLO 14

KBRA hires Scott Duggal as it raids buy-side, sell-side, and journalism
Ratings agency KBRA has turned to the buy-side, sell-side, and journalism for a raft of senior hires in Europe

European BSL CLO Rankings - August 2024
Our latest rankings for the European CLO market, including arranger and manager league tables