Clearlake launches Clearlake Credit to chase private and public credit investments
The new platform will integrate the newly acquired MV Credit and WhiteStar Asset Management

Pemberton prices third CLO as Euribor plus 140bps emerges as AAA market level
Indigo Credit Management III followed a deal from HPS as the European primary market began to reopen after nearly a month of new issue inactivity

Sidley poaches nine US finance lawyers from A&O Shearman including bulk of CLO expertise
The moves leave A&O Shearman with a significantly diminished slate of CLO prowess 

European CLO issuance begins to re-emerge as Blackstone and PGIM ready deals
Following two new-issue Euro deals on Wednesday, the pipeline is beginning to rebuild with more set to price next week

DWS axes Euro CLO management plans due to market volatility, shift in focus to private credit
The move comes amidst the departure of its head of European alternative credit, Dan Robinson

European new issues re-start as HPS prices EUR 407m CLO
The deal – the first new European deal in almost four weeks – priced its triple As at Euribor plus 140bps

Euro CLOs' largest single B- credits have little direct tariff exposure but face varying indirect pressures – S&P Global
The wave of global tariffs will have little direct impact on the top 'B-' European CLO holdings, but these credits remain vulnerable to secondary effects, according to research from S&P Global

Tariff fallout sees Euro CLOs discounted most heavily amongst Euro securitised assets – Morgan Stanley
The report from Morgan Stanley Research noted that the market remains in price discovery mode, triple A opportunities in secondary 

Danske Bank Asset Management announces new fund investing in IG CLO tranches
The fund, which will invest in both US and European CLOs, will be overseen by the firm’s Chief Portfolio Manager Jacob Toft Hansen

HPS prepping to issue a European CLO, the first for the market in three weeks
EXCLUSIVE: The manager is looking to price a new European CLO via Jefferies next week, with expectations of wider spreads than before the April volatility 

CLO market turns to print-and-sprint deals as volatility spikes
EXCLUSIVE: Napier Park, TP Birch Grove, and BlackRock attempt print-and-sprint deals as the maths gets tougher; AGL and Blackstone pull off deals

Siepe hires two from US Bank to boost CLO, private credit tools
The software and technology service provider for CLO and private credit managers is expanding its team

US CLO managers and investors turn away from Europe after risk retention changes
EXCLUSIVE: The reassessment is the latest consequence of the new European Supervisory Authorities’ revised guidance on risk retention

European CLO market value metrics slip as Trump tariffs roil leveraged loans – Deutsche Bank
CLO market value metrics declined as leveraged loan prices dropped; CLO credit metrics were a different story

Managers predict increased government spending should boost CLO returns in Europe
After two months of record issuance and tightening spreads to start the year, the picture for credit markets shifted markedly in March. But alongside the ramp-up in volatility, investors are growing increasingly positive about Europe

News in brief
CLO ETF outflows are ‘manageable’

SRTs are pricier but more effective
In the second of our two-part look at regulatory arbitrage, we investigate how SRTs improve upon the synthetic collateralised loan obligations that were popular before the financial crisis

Long-term CLO investments require strong distributions, healthy equity NAVs, and an extended life

Regulators seek to calm European CLO market shaken by new risk retention guidelines
The European Supervisory Authorities have since issued clarification to allow deals that priced prior to 31 March to be grandfathered in under the previous interpretation

Large managers have many advantages. But they don’t hold all the cards

CLO Symposium 2025
The Creditflux CLO Symposium will be held at the Nobu Hotel, London on 14-15 May 2025

Funds at a glance – March 2025
Leading fund – Lupus Alpha CLO Opportunity Notes I

Credit hedge funds – April 2025

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