Over half of European CLOs may have lost risk retention compliance following EBA clarification – Dealscribe
Over 85% of manager-originator European CLOs include conditional sale agreements to transfer credit risk from the CLO to the originator, according to research published by Dealscribe

Redding Ridge markets Euro reset for late August
The EUR 362.5m repricing of the 2021-vintage issue is set to price toward the end of the month via Goldman Sachs

Stubborn US CLO liability prices begin to tighten as deal supply eases
US CLO spreads have tightened markedly as a result of lessening supply, market sources told Creditflux, with triple As in particular finally showing a belated response to the broader tightening across financial markets

‘Battle-tested’ US CLO ETFs resume rapid growth
ETFs have become one of the most important investors in the CLO space. After a rocky period earlier in the year, when CLO ETFs experienced real outflows for the first time ever, they may now be stronger than before, and extending their reach to Europe

‘Liabilities have not moved as fast. They are halfway there’
Investor's Corner with Ujjaval Desai, head of structured products investing at Sound Point Meridian Capital

News in brief
Investors are complacent despite rising recession risk, says Eagan

Six months of records and turmoil at the top
The first half of 2025 saw convulsions in the US economy and Golub setting a record with a huge reset. Meanwhile, Blackstone slipped to third in overall issuance, despite winning out in US BSL

Disappearing Dealers: How The Pullback in SP Trading Balance Sheet Has Rewired Market Structure
Over the past 10 years, CLO issuance has multiplied, while dealer holdings fell. In the first of a three-part guest essay, Daniel Ezra looks at the causes of this change — and how it affects the market

Churchill’s survey of private equity firms suggests M&A is returning to normal levels
Senior PE executives are confident in both deal activity and returns

Fund performance – June 2025
Emerging markets lead as CLOs and credit multi- strategy returns dip

Credit funds at a glance – June 2025
Our roundup of top performers, fundraising and moves in credit

Credit hedge funds – June 2025
Credit hedge fund performance

CLOs at a glance – July 2025
Our list of recent CLO pricings globally

Specialised SRT investors bag healthy allocations as 'tourist money' steps back
SRT investors are receiving larger allocations when bidding for deals and banks are building closer relationships with investors, while those that run other business lines such as CLOs may find it easier to win deals

CVC raises USD 700m for CLO equity fund, plans new products
The European private credit manager also expects to hold a final close for its European Direct Lending Fund IV in late 3Q

Proskauer adds leveraged finance partner in London
The law firm has recruited Peter Mason from White & Case to join its global finance practice, the latest in a series of recruitments

New headaches for European CLO market as regulators clarify risk retention guidance
The European Commission has overturned widespread market practice regarding conditional sale agreements, with a newly-issued legislative interpretation of the ‘originator’ definition under the EU Securitisation Regulation

We are seeing a slowdown in sales and earnings growth – Carlyle’s Lauren Basmadjian
The roll out of tariffs and economic uncertainty that kicked off earlier this year is starting to take a toll on portfolio companies, and Carlyle’s head of liquid credit is taking a more conservative stance as spreads remain remarkably tight

Europe sees huge surge in July issuance as US consolidates
ANALYSIS: It was all about Europe in July, as a massive sweep of resets powered the European market to one of its strongest months ever

Credit quality of European CLOs improved since start of year – Fitch
A new report from Fitch Ratings points toward higher quality CLO portfolio credit in the year to date, despite a lower default recovery rate

Onex matches double B tight with newest Euro print
At Euribor plus 131bps, the triple As for OCP Euro CLO 2025-14 priced one basis point outside the current market benchmark

Palmer Square launches Europe’s first passive CLO ETF
The new CLO ETF, launched today, is designed to give European institutional investors exposure to triple A and double A-rated CLO debt

Five Arrows resets CLO with EUR 100m equity injection for first 2025 print
The EUR 476m transaction repriced a CLO last reset in 2018, and saw total equity boosted to EUR 142m

Global CLO law firm rankings - Q2 2025
Our global rankings for CLO law firms for the first half of 2025

Apollo looks elsewhere, saying CLOs suffer from commoditization
The alternative asset manager said CLOs have tightened to levels that are unsustainable