HPS, BlackRock, Sona among European managers prepping to bring CLOs to market
CLO managers are currently prepping to bring a double-digit number of deals to market 

Fitch reports improvement in European CLO default rates during 2024
The cumulative number of defaulted issuers rated double-C or below in EMEA CLO portfolios fell to 19 in 2024 from 22 the previous year, according to Fitch

Europe begins 2025 CLOs with a flourish as triple-A spreads trend toward mid-120s
The European CLO market is starting 2025 with a heavy deal pipeline and spreads that reflect strong investor demand

Mayer Brown announces second structured finance partner recruitment from White & Case
Adam Farrell has joined Mayer Brown in London, two weeks after Chris McGarry made a similar move  

Man GLG consolidates European and US CLO businesses into single entity
Man GLG is consolidating its European and US CLO businesses into a single unified organisation, according to a series of investor notices

European CLO rankings - FY 2024
Full year CLO manager and arranger rankings for European CLOs in 2024

Investcorp Credit’s Jeremy Ghose and Tom Shandell set to exit firm
Investcorp has shaken up its leadership team, with Head of Global Credit Jeremy Ghose to step down and Head of Liquid Credit Investments Tom Shandell also set to leave the firm

DLA Piper bolsters US CLO team with Vavelidis move
DLA Piper has relocated finance partner Kos Vavelidis to New York from the firm’s London office to take on a global role

Bank of America sees 'seriously elevated' uncertainty as headwinds for Euro CLOs
Global uncertainty has become “seriously elevated” to become the main risk to credit markets in 2025, according to analysts at a Bank of America credit markets roundtable in London last week, though the underlying outlook for European CLOs remains broadly positive

HPS upsizes latest European new issue
HPS Investment Partners has increased post-pricing its latest new-issue European CLO – Aqueduct European CLO 10 -- by EUR 153.4m to EUR 610.8m

Janus Henderson launches European CLO ETF
The fund is the second European CLO ETF to hit the market, following Fair Oaks’ fund launch last year

Palmer Square announces three new European CLO ETFs
The new funds are the first European CLO ETFs to offer the ability to invest beyond triple-A-rated tranches  

Euro CLOs consolidate in 2024 with an eye to future growth
Boosted by a strong end-of-year performance, the European market set a new record for gross issuance in 2024

HPS fundraises to invest in CLOs
HPS Investment Partners has been fundraising for CLO investments and has made two registrations for CLO funds in Luxembourg

JPMorgan names new CLO leadership team to replace trio of senior departures
The CLO market's biggest arranger has named a new global head as well as other CLO leaders to replace Christine Ferris, Anusha Joly, and Mussie Tizazu

Mayer Brown hires Chris McGarry as it boosts Euro CLO lawyer ranks
CLO and securities lawyer Chris McGarry joins Mayer Brown as partner after almost eight years at White & Case  

Brigade wraps up 2024 with third Euro reset
Brigade Capital Management has reset a 2019-vintage European CLO via Morgan Stanley  

BNP Paribas forecast about USD 200bn of new CLO issuance in US and around EUR 50bn for Europe
BNP research analysts anticipate that CLO spreads will tighten over the first half next year, ahead of potentially widening in the second half  

Hayfin prints short-dated Euro deal to round out the year
Hayfin has priced a CLO that marks the first short-dated primary market activity in Europe since early November  

Voya upsizes November European CLO print with tap issue
Voya has increased the size of a new European CLO it priced in November by 37.5%, to just under EUR 562m  

Napier Park launches and successfully fundraises for captive CLO equity fund
Napier Park has launched its first global CLO captive equity fund and has already raised a sizeable amount

December deal downpour shatters issuance records in Europe
December sees the most issuance for the month on record as reset activity jumps to the most this year

Barings puts together first ever European middle market CLO
It’s been a long time coming, but the successful pricing last month of the first European private credit CLO marked a milestone in opening up the region to one of the CLO market’s most dramatic growth stories in recent years.

Banks predict record-breaking year ahead
Consensus figures generated from outlook reports by five banks suggest 2025 will be another strong year for CLO issuance. But last year, their estimates were well below the actual numbers

Slow and steady wins the day
It’s often thought CLO managers add value to their deals via high volume trading strategies. The data shows this can be true — but on average, top performing CLOs are less actively traded