Blackstone resets benchmark-setting 2022 Euro CLO
Blackstone has reworked Otranto Park CLO, one of the tightest 2022-vintage European CLOs, in a EUR 411.4m transaction via Citi

GoldenTree and Apollo set new mid-mezz tights with latest Euro deals
A new GoldenTree issue priced its single A paper at Euribor plus 200bps, while Apollo lowered the benchmark for triple Bs with a reset of its first European CLO

Royal London upsizes inaugural deal as it joins European CLO manager fraternity
The issue, arranged by Goldman Sachs, priced with a relatively small premium in the triple As

Fidelity reworks Euro CLO, 18 months after reissue
The manager reset Fidelity Grand Harbour 2022-1 on Wednesday via JPMorgan

Aegon issues first Euro CLO in almost a year
The manager has teamed with Deutsche Bank to price its first European deal in 11 months, in the form of a new EUR 454m issue dubbed North Westerly X ESG CLO

Equity funds keep CLO market active even as arb thins
CLO managers are raising equity capital to back their own issuance, and the surge is transforming the market

‘We like managers that are honest about the risks’
Investor's Corner with Elena Rinaldi, portfolio manager at TwentyFour Asset Management

How it took four years to close a loophole — and throw European CLOs into chaos
The fraught relationship between the EU regulator and the growing CLO market again came into focus last month, when the European Banking Authority surprised the market by issuing a response to a question posted four years previously regarding risk retention

Hot August sets tone for rest of 2025
Some European CLO managers still get time off in summer, but the days when the whole market shut down are long gone. So, in a busy year for CLOs, this August was the second busiest ever

News in brief
Stress in good quality companies opens up opportunities, says Oak Hill Advisors' Alan Schrager

Post-COVID, companies are adroit at managing supply-chain disruptions
With plenty of capital seeking a home and high grade credits well positioned, IG spreads will stay tight, reckons Duncan Sankey

Success in a larger market requires increased discipline and innovation
As the US CLO market grows, lower quality loans and increased volatility create new challenges, writes Tetragon's Dagmara Michalczuk

Fund performance – July 2025
CLO funds dominate in early summer with clean sweep of top 10

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

Credit hedge funds – July 2025
Credit hedge fund performance

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

Trinitas prints second new Euro CLO of 2025
Both the triple A and mezz tranches priced toward the tighter end of the current market, with the triple Bs issuing at the narrowest level for a standard-duration Euro CLO since late August

Palmer Square lists its European CLO ETF on the London Stock Exchange
The Palmer Square EUR CLO Senior Debt Index UCITS ETF will now be available to UK-based institutional investors

Bridgepoint prices new Euro BBs at sub-500
Bridgepoint's second new European CLO of 2025 recorded a post-March tight for new European CLO BB spreads, of Euribor plus 490bps

Trio of Euro resets reinforce tightening trend as CVC revisits 175 AAs
CVC and Onex both printed resets with triple As at 130, while Sculptor upsized its latest print to a target par of EUR 450m

New Euro AAAs breach 130 as Oaktree prices latest deal
The transaction hit fresh new-issue market tights for the triple As, double As, double Bs and single Bs

Blackstone, State Street Investment Management launch Euro CLO ETF
The new fund will invest in floating-rate, triple A-rated European CLO tranches

CLOs attracting more investor demand, especially in Europe – JPM's Steve Baker
Creditflux catches up with JPMorgan's Steve Baker and Ed Watson as they gear up for the rest of the year

UK and France dominate European CLO collateral – Fitch Ratings
One-third of the collateral behind European CLOs is issued by UK and French companies, as Fitch warns of French downgrade risk

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks