KKR and Sculptor reset seasoned European CLOs
KKR's 2021-vintage Avoca CLO XXI priced through Citi as a EUR 397.6m transaction, while Sculptor European CLO VI, a 2019-vintage issue, was arranged through JPMorgan

European CLO rankings – July 2026
CVC maintained its lead in Creditflux's year-to-date European CLO manager issuance league tables to the end of July, ahead of Apollo and Partners Group, while Bank of America, Jefferies and BNP Paribas made up the podium for arrangers

Hogan Lovells Cadwalader adds another partner to CLO team
Hogan Lovells Cadwalader has added former Mayer Brown partner Joanna Suna as a partner in its structured finance team, as the firm continues to build out its CLO practice

Up and at ’em, even in August
What August slowdown? Even as the summer sun beats down, credit market participants have been busy dealing with a pickup in volatility. The main culprit? Artificial intelligence. Questions are flaring about its near-term profitability amid a mind-boggling capex arms race. So this month, we feature a dive into data centre financing, where credit spreads are widening but issuers are still borrowing

Innovation and uncertainty lead to widening dispersion
The global CLO market is adapting to the uncertainty of the macro environment by leaning into innovation — a tougher arb environment has led some CLO equity investors to turn towards tranche investing, while a growing cohort of managers have been raising funds for captive CLO equity funds

Robust 1H shows resilience of CLOs
Europe has just posted its best half-year of CLO issuance, while a record wave of repricings in the US helped boost overall issuance in 1H 2026 to around the highest levels ever recorded

Fund performance – August 2026
Most categories average flat returns in middling June

CLOs at a glance – August 2026
Our list of recent CLO pricings globally

Influx of new European CLO managers could pressure arb further—Carlyle
EXCLUSIVE: Carlyle’s new European head of liquid credit has warned that an expected influx of new European managers could further pressure arbitrage economics

New Euro CLOs issue from Polus and Nassau
Polus and Nassau Global Credit have issued their latest new European CLOs through Deutsche Bank and Jefferies respectively, with the conventionally-structured transactions weighing in with deal values of just over USD 406m each

CLO equity funds to become dominant source of funding as trio of new funds prepares to hit the market
EXCLUSIVE: At least three funds investing in CLO equity will soon come to market, as the vehicles become the dominant source of funding for new CLOs, according to industry sources

Blackstone prices new Euro CLO at AAA market tight
BNP Paribas was the sole arranger for the EUR 404.3m Lakelands Park CLO

European CLO ETF pipeline heats up
EXCLUSIVE: Two years after the first European CLO ETF was launched, the market is booming with more arrivals expected this year

Napier Park resets 2020-vintage Euro CLO
Napier Park engaged Goldman Sachs to price a reset of its Henley CLO II, which was last repriced via a reset in May 2021

Investor demand strongest for European PC CLOs – Golub
EXCLUSIVE: Investor demand is stronger for European private credit CLOs than any other segment of the CLO market, according to Golub Capital’s Landis Wood

HPS prices AAAs at 125bps for newest European CLO
HPS has priced a new European CLO via Jefferies, with RBC acting as a co-placement agent on the EUR 405m issue of Aqueduct European CLO 18

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