Ardian taps Carlyle’s MacKenzie to lead European CLO business
Caryle’s former head of liquid credit Stuart MacKenzie has been hired by Ardian to run its European CLO business

Barings resets first European private credit CLO as reinvesting deal
The manager's inaugural 2024 static issue was reworked on a 1.5Y/4.5Y timetable, and now includes a sterling-denominated triple A tranche, with the dual-currency format establishing itself as the standard for this type of deal

PGIM adopts more conservative approach ahead of expected ongoing volatility
EXCLUSIVE: Volatility set to continue across the second half of the year in the European CLO market, predicts Gianluca Consoli, European leveraged finance portfolio manager at PGIM

LGT Capital Partners prices fourth CLO
Legato Euro CLO IV was arranged by Morgan Stanley and attracted orders from over 20 existing and new investors across the capital structure

Michael Curtis leaves Fidelity as firm begins search for new co-PM
EXCLUSIVE: Michael Curtis will leave his role as head of alternative credit at Fidelity Investments on 31 July, according to a source familiar

Partners matches current Euro AAA tight with newest CLO
Partners' newest European CLO, Penta CLO 23, issued its top-of-stack paper at 124bps over Euribor

M&G establishes joint venture with Ontario Teachers’ Pension Plan to back further CLO issuance
M&G Investments has established a joint venture with global institutional investor Ontario Teachers’ Pension Plan to support the scaling of a multi-billion-Euro CLO platform

Distressed double Bs are a better-kept secret of the credit market – CIFC
EXCLUSIVE: Distressed double Bs represent hidden value in the credit markets, according to CIFC’s Jay Huang

Fidelity issues new Euro CLO
Fidelity has priced a new European CLO through Bank of America, with the triple A paper split across one note and two loan tranches

BlackRock highlights Euro CLO AAA debt opportunities in 3Q outlook
BlackRock has identified triple A-rated European CLO tranches as continuing to offer attractive opportunities in the current fixed income market, in the asset manager’s third-quarter fixed income outlook

Ares' newest European CLO prints AAAs at 125bps
Ares' latest Euro BSL issue has priced through BNP Paribas, with the conventionally-structured deal valued at just over EUR 405m

Chenavari sees investment staff departures as credit fund actively hires
Investment employee departures occurred in recent months; Nicolas Verle, Nicholas Yu, and Aidan Reynolds recently joined Chenavari

CIFC, TPG Credit print European CLO resets
CIFC paired with Goldman Sachs to issue a reworking of its first European CLO that originally priced in 2019, while TPG's repricing of its 2022-vintage Northwoods Capital 26 Euro was arranged through Citi

CLO manager rankings by AUM – Q2 2026
The latest Creditflux CLO manager AUM rankings sees stability in the top rankings following a shake-up in the top 3 last quarter – but a little further down, CIFC has moved ahead of UBS to snare seventh overall behind Ares, while Benefit Street Partners edged out CVC to move into the top 10

BlackRock's latest Euro CLO prints AAAs at 126bps
BlackRock European CLO XVII printed as a EUR 405m transaction through Bank of America

CLO investors need to consider country-level exposure in Europe — KKR
EXCLUSIVE: CLO market performance is becoming more differentiated across sectors and countries in Europe, says KKR’s Eddie O’Neill

RBC BlueBay prices tenth European CLO
BBAM European CLO X issued via Goldman Sachs, with RBC also acting as a co-placement agent on the deal

Year-to-date US CLO performance tops global fixed income products – Janus Henderson
US CLO triple Bs have outperformed all other fixed income sectors in the year-to-date and will likely continue to perform well in a higher interest rate landscape, according to new research from Janus Henderson

European CLO legal counsel rankings – 2Q 2026
Milbank maintained its leading position among European manager counsel ahead of Paul Hastings, while the latter continues to head the arranger counsel rankings ahead of Orrick and Clifford Chance

Global CLO legal counsel rankings – 2Q 2026
Industry heavyweights Milbank and Paul Hastings top Creditflux’s global rankings for CLO manager and arranger legal counsel for the first half of 2026, but there’s ongoing movement further down the tables

Time to get your passport ready
Credit market participants, including Creditflux correspondents, have been trekking the globe — attending conferences in New York, London, Barcelona, Berlin and Rome, to name a few — in search of opportunities

CLO managers play down Santé Cie concerns but case highlights fraud risk
CLO managers and investors have shrugged off concerns that the recent turmoil at French homecare company Santé Cie represents the start of a default wave in Europe – but the case has reawakened concerns around the risk of fraud in CLO portfolios

US CLO industry flies in for summer tour of Europe
American accents are forming the soundtrack in Europe this summer, as the region’s CLO market attracts investor interest from around the globe

‘There’s a difference between perceived and actual safety’
Investor's Corner with Anchorage Capital Advisors’ Soo Kim and Curtis Hardwick

News in brief
Top stories on creditflux.com: including early summer visits to Clearlake and Nearwater