CLOs at a glance
Our list of October CLO pricings

Bain Capital fundraising for third captive CLO equity vehicle
Bain Capital Credit has become the latest CLO manager to start fundraising for a new captive equity fund

Onex completes post-pricing upsize in European market first
In a first for the European CLO market, Onex has completed a post-pricing upsizing of its latest European deal, Onex Credit Partners Euro CLO 2024-11

UBS looks for significant tightening as it markets 2023-vintage Euro reset
UBS is currently marketing its second European CLO in two months, a reset of Madison Park Euro Funding XIX, a 2023-vintage issue

Voya leaves it late to price first new Euro issue of 2024
The steady flow of European CLO dealmaking continued with the pricing of Voya Euro CLO VIII, arranged by Jefferies and HSBC

PGIM prices wide of mezz guidance in return to European primary issuance
The US manager’s first European deal in two years followed the recent trend and showed some weakness in the mezz compared to initial price talk

Fidelity Investments buys Fidelity International’s European CLO platform
Life has become a little simpler for CLO investors, as the two different Fidelity CLO platforms combine into one manager

CLO fundraising round-up - November 2024
CLO funds have had a stand-out year, and both fundraising and fund returns have soared, with managers out in the market with both third-party and captive CLO funds

Euro triple-Cs buckets are trending up but investors remain sanguine
The European CLO market has had a number of leveraged loan ratings downgrades, but investors say they’ve mostly been idiosyncratic events and the situation remains manageable

Euro reset sees KKR extend one of its longest-running deals
The latest reset of a 2014 vintage CLO by KKR saw a hefty cost-of-debt increase, as a prior partial refi in 2019 had locked in extremely tight spreads 

European BSL CLO Rankings - October 2024
Palmer Square and Jefferies remain on top our latest YTD rankings for the European CLO market

Carlyle returns to European primary market with second new print of 2024
Carlyle's first European CLO since April priced with the senior triple-As at the current market tight of Euribor plus 128bps

Portfolio manager moves to CIFC from AlbaCore
A London-based CLO PM has begun a new role in CIFC’s European credit team after five years at AlbaCore Capital

Accunia launches new investment-grade US CLO fund
The Danish asset manager Accunia has launched an IG CLO fund and is currently looking for investors 

A touch of déjà vu as Oaktree resets second 2019 Euro CLO
Oaktree has priced a European CLO deal that mirrors a preceding reset print from September 

Barings sees weakness in lower mezz with latest Euro CLO
Barings has printed its first European deal in over five months, joining other European managers rushing to conclude pricings before the US election

Palmer Square refinances static European CLO
Static CLO specialist Palmer Square has priced a full refinancing of a 2023-vintage static European CLO 

Tikehau goes short with 1Y/2Y European CLO reset
Originally priced as a 1.5Y/4.5Y issue, a reset of Tikehau CLO IX has shortened the duration to a 1Y/2Y schedule

KKR prices static Euro CLO with triple-As at 97bps
KKR printed its first static European CLO in style with one of the tightest deals of the year, with a total weighted cost of debt of Euribor plus 148.08bps

Differing approaches on display as Fortress and CIC Private Debt debut as CLO managers in Europe
CIC Private Debt and Fortress have priced their debut CLOs within hours of each other this week to mark the first set of manager debuts the market has seen in six months

CIC Private Debt prices inaugural CLO to become a new manager in Europe
French firm CIC Private Debt has become a CLO manager in Europe with its first deal that cleared with relatively tight triple-A spreads

Fortress becomes European CLO manager after pricing debut deal
US hedge fund Fortress has become a new European manager with a CLO that upsized and attracted a significant new manager premium

New York Life prices its sixth US BSL CLO of year
The latest new issue US BSL CLO from NYL Investors priced with triple-A coupons priced at SOFR plus 133bps, in keeping with recent tights

Princely family of Liechtenstein’s LGT interviews candidates for European CLO manager business
Royal family-owned LGT Capital Partners is looking to become a new CLO manager in Europe and is interviewing candidates for the portfolio management role

HSBC prepping to open warehouse to lead-arrange new deals
HSBC is readying to open up warehouses to arrange new deals, the next step in its path as the market’s newest CLO bankers in Europe, according to sources familiar with the matter