Investcorp promotes Lane to managing director
Investcorp veteran will continue to work on European CLO issuance

New research says that CLO arb is better than you think, but still not good enough
New research by Barclays’ Powell Eddins and Pranava Boyidapu suggests that CLO arbitrage is in a better place than many investors think, but that BBs are still more attractive

Captive equity is still an option as Carlyle raises fund
Despite predictions of poor returns, captive equity funds can still be raised. The latest manager to hit the market is Carlyle Group, the world’s largest CLO manager according to our 3Q23 Creditflux rankings. According to market sources, Carlyle is raising a half-billion-dollar equity fund, which is expected to be complete by the end of the year.

Banks support triple As as insurers and asset managers step awa
While attention is focused on what the proposed risk-weighted asset (RWA) implementation of Basel 3 will mean for US banks, European banks have already become the dominate buyers of CLO triple A paper.

2022 vintage CLO generates record European IRR as loan prices rally
While most managers have reset 2022 CLOs, Apollo-affiliated Redding Ridge took a different route. It called RRE 14 CLO, achieving the highest IRR of any European CLO

CLOs at a glance
CLOs at a glance

European ABS and CLOs rally on Fed rates forecast
Trading activity in European ABS and CLOs was strong on Thursday after the Federal Reserve signalled it would cut rates in 2024

European CLO rankings - November 2023 YTD
Our latest rankings for the European BSL CLO market, including volumes and arranger and manager league tables

Polus prices new European CLO
London-based Polus Capital Management priced its latest European CLO on Friday, its second deal of the year and 18th CLO in total, after recently securing committed capital for continued issuance in the region

CLO market round-up: 27 Nov - 1 Dec
After a busy Thanksgiving week, CLO pricing activity was substantially quieter last week, with only a handful of deals in the market.

Anchorage resets 2022 European CLO
As the CLO pricing year begins to wind down, Anchorage Capital last week undertook a reset for one of its short-dated 2022-vintage European deals, Anchorage Capital Europe CLO 6

CLO market round-up: 20 - 24 Nov 2023
Thanksgiving or not, last week was a banner week for middle market CLO deals, with no fewer than five pricing

Hayfin prices short-dated CLO
After a quiet year in the primary market Hayfin Capital Management returned last week with a short-dated European CLO

Secondary market activity in Europe quietens on US holiday, but strong sentiment prevails
Secondary trading was quieter in Europe this week, especially the last two days, due to the US Thanksgiving break

BlackRock launches securitised asset fund
BlackRock has launched a new securitised asset fund dubbed the BlackRock Senior Securitised Fund with at least 65% exposure to ABS and no more than 35% to CLOs

CLO market round-up: 13 - 17 Nov 2023
Who said it was a slow market in Europe? Pricing action in the primary European CLO market put paid to that notion over the past week with a trio of European deals pricing, including two debuts.

Investcorp prices second European CLO this year
Following up its first primary market activity in over a year in July, Investcorp Credit Management has returned to the market with a second new European deal, Harvest CLO XXXI

ABS rallies on better-than-expected inflation prints
The European ABS market has rallied over the last two days on news of rapidly falling inflation in both the US and the UK

CarVal shifts gears with first European CLO
Following the recent market debuts of Arini and Sona Asset Management in the European space, CarVal CLO Management this week expanded its scope across the Atlantic with the launch of its first European CLO

Creditflux CLO Symposium opens for booking
Our flagship CLO Symposium & Managers Awards is now open for registration. We will once again be returning to the Landmark Hotel in London on 15 May for this staple of the CLO community.

Sona joins the CLO roster with pricing of first European deal
Sona Asset Management priced their first CLO today, Sona Fios CLO I, which at EUR 423.9m is the largest European deal from a debut CLO platform in the 2.0 era

Manulife Investment agrees deal to buy CQS
Manulife Investment Management, the global wealth and asset management portion of Manulife Financial Corporation, has agreed to buy London-based alternative credit manager CQS, including the CQS credit platform and CQS brand

CLOs at a glance
Recent CLO primary market activity

Europe greets new CLO manager
The latest debut manager has joined the European CLO market thanks to a new deal arranged by Bank of America