Milbank promotes two CLO specialists to partners
Law firm Milbank has promoted two CLO specialists to partners as part of a cohort of 17.

CVC plots further quasi-CLOs after landmark €400 million deal
CVC Credit closed a CLO-like’ vehicle backed by senior secured loans in December. Officials at the firm say they are in early stage discussions to launch similar vehicles after interest from equity investors"  

Experienced CLO investor parts ways with bank treasury desk
A senior triple A CLO investor has parted ways with a treasury desk ahead of a move to another financial institution  

Man GLG appoints head of European CLO and lev loan business
The hire follows six months after Creditflux reported Man GLG promoted Dan Robinson to global head of CLOs and leveraged loans

Milwaukee-based bank takes advantage of Credit Suisse turmoil
RW Baird is set to hire two Credit Suisse structured finance employees in London

Jefferies promotes CLO pair to managing directors
Jefferies has promoted the co heads of its European CLO primary team to managing directors

Permira closes sixth CLO junior debt and equity fund
Permira Credit has closed its sixth European CLO junior debt and equity fund,  Permira Sigma VI

CLO 2023 Outlook: CLOs look set to rise to the challenge of a tough 2023
CLO researchers had an (understandable) inability to accurately predict the staggering array of macro shocks that affected the CLO market this year. So it comes as a surprise that overall CLO issuance reached a lot closer to anticipated levels than many would have expected back in Q2

LDI funds prepare for return to CLOs and ABS early next year
Liability-driven investment (LDI) strategies that had to sell senior CLO tranches in droves could come back in for CLOs in the early part of 2023, sources say

Creativity pays off as investors lap up static euro CLOs
Amid a challenging CLO landscape in Europe, managers and arrangers showed creativity in 2022.

Nassau prints upsized second Euro CLO
Nassau Corporate Credit has wrapped up its second European CLO today via Jefferies, just over one year after making its debut on the continent

Beneath the triple C: Winter is coming for CLOs as downgrades outstrip upgrades
Both US and European issuers have felt downward pressure from the rating agencies as we head towards the end of the year, with downgrades to triple C now firmly outpacing upgrades out of it.

Bain holds final close on $650 million fund to buy own CLO equity globally
Bain Capital Credit has closed its second captive equity fund with $650 million commitments, thought to be among the largest manager-controlled CLO equity funds raised

Axa CLO fund uses swaps and T-notes as hedges for 'more pronounced' 2023 recession
Axa Investment Managers says it is using swaps and T-notes as hedges for its publicly listed CLO fund, Volta Finance, with the firm believing a recession in 2023 may be more pronounced than expected

Belstar partners with Apollo to launch global corporate and structured credit fund
Belstar Management Company has launched a credit fund to invest across global liquid and private credit - including both corporate and structured credit

Details emerge on investor-driven Hayfin European CLO
Hayfin Capital Management priced a European CLO on 1 December, with sources indicating one account took triple As to triple Bs

European CLO equity outperforms single Bs amid high return dispersion: Bank of America
European CLO returns have been negative across the capital structure this year, a research paper from Bank of America has found. Losses have been softened however due to an increasing three-month Euribor rate, high carry relative to corporates and relatively stable equity returns.

Experienced CLO PM parts ways with Angelo Gordon
An experienced CLO portfolio manager has left the firm, having built out its European platform

Global CLO league tables - November 2022 YTD
Global CLO league tables - November 2022 YTD

Euro CLO league tables: Final whistle beckons in close manager race as Jefferies looks to park the bus
Last month, just shy of €3 billion of European CLO paper was priced in the primary market, the most since March and Russia’s war with Ukraine

PM lands at $3 billion credit shop to build European CLO platform
The European CLO manager universe looks set to grow even further, with a Five Arrows portfolio manager having been hired to help build a CLO platform

New credit hedge fund explores European CLO management
A relatively new credit hedge fund has become the latest firm to explore European CLO management, joining the growing list of prospective debut managers

Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles

Euro CLO new issuance could reach €22 billion in 2023, says BofA
European CLO new issuance will reach €22 billion in 2023, strategists at Bank of America expect, while refinancing / reset volume should reach €3 billion under a ‘base case’ scenario

Euro CLO manager closes second captive equity strategy at €228 million
An experienced European CLO manager is taking care of its CLO issuance for the next few years