New CLO from Rockford Tower scores tightest spreads in Europe since Q1
Rockford Tower Capital Management priced a new €375.5 million European CLO on Friday and saw the tightest capital structure since the first quarter of this year

CLO round-up: secondary market rallies amid increased primary supply
CLO primary activity increased across the board this week, with US new issue supply amounting to $1.8 billion - up 48.7% on the week prior - while in Europe supply increased 208.8% to €1.2 billion

Creditflux announces date for 2024 CLO Symposium & Manager Awards
Our flagship CLO Symposium & Manager Awards will be returning on Wednesday 15 May 2024, and will once again be held at the Landmark Hotel in London

Investcorp prints first new CLO in over 12 months
Investcorp returned to the European CLO primary market on Thursday with its first new issuance in over a year

Polus prints first new CLO following rebranding
Polus Capital Management has priced its first CLO since rebranding from Cairn Capital last year

New Bain CLO prices tight and sees Europe's longest reinvestment period of 2023
Bain Capital Credit priced its first European CLO of 2023 on Monday, scoring some of the tightest prints in the market since the first quarter in the process

Barings strikes strategic partnership agreement with Lakemore to support CLO issuance
Barings has entered into a strategic partnership with Lakemore Partners to support the growth of the manager's CLO platform

Nassau prints first reinvesting CLO in Europe in 40 days
Nassau Corporate Credit priced the first reinvesting CLO in Europe in 40 days on Wednesday

European secondary ABS market rallies amid vibrant summer primary
After last week’s spread widening, triggered by a repricing of monetary policy expectations, sentiment in Europe’s structured finance market is on the upswing again.

1H23 CLO issuance rankings
Our latest set of CLO issuance rankings for the first half of 2023 showcase the most active CLO arrangers, managers, lawyers and trustees over a challenging six months.

European holiday ends as Palmer Square prices CLO
The European CLO market’s month-long early summer holiday finished today as JP Morgan priced a new static CLO for Palmer Square.

CVC closes third captive equity fund
CVC Credit has announced the final close of its latest captive equity fund, CVC CLO Equity III, with a mammoth $800 million of commitments.

Sound Point becomes 5th largest CLO manager as Assured deal completes
Sound Point announced the completion of its partnership with Assured Guaranty yesterday jumping Sound Point into position as 5th largest CLO manager in the world.

Blackstone rethinks captive equity strategy
Blackstone has announced proposals to wind down its existing risk retention vehicle, Blackstone Loan Financing Limited (BGLF).

Secondary activity ramps up as post-Barcelona rally continues
BWIC activity across European ABS and CLOs increased this week as investors and asset managers look to take some risk off heading into the summer  

CLOs at a glance
Recent CLO issuance

Managers scramble to launch captive equity funds as they become best route to market
A plethora of CLO managers are eyeing captive equity fund launches in 2023 with the lack of such vehicles cited as the “main hurdle” for issuing deals.

Low warehouse balances show CLOs bracing for volatility
A record number of CLO warehouses are open but contain record low balances, according to several market sources. The figures indicate that CLO managers and equity investors are preparing for a sell-off in the loan market in the latter half of 2023.

Scotiabank hires former euro CLO and ABS syndication head from Deutsche Bank
Scotiabank has hired a former Deutsche Bank CLO syndication specialist as director for securitised products sales in Dublin

Trepp launches new CLO data service
Trepp, a New York-based data provider, has launched a new leveraged loan and corporate CLO analysis database called TreppCLO

Blackstone prints new euro CLO with 2023's longest reinvestment period
Blackstone Credit has priced the first European CLO of the year with a reinvestment period that exceeds five years

Fidelity grows Euro CLOs under management to €1.5 billion
Fidelity International grew its volume of European CLOs under management to over €1.5 billion for the first time after printing its fourth new issue deal on the continent

Euro CLO league tables: Two debut managers enter the fray as BofA opens up lead
For only the second time this year, European CLO monthly volumes passed €2 billion last month. Six European CLO managers priced in May, including two debut managers - M&G Investment Management and Signal Capital Partners. 

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD