Details emerge of Contego X reset
Five Arrows Managers announced a reset of their 2022-vintage Contego CLO X earlier this week, with leaked pricing info now available

Alcentra prints second European CLO of 2024
Alcentra’s second CLO of the year, a new European issue was arranged by Deutsche Bank and priced at the end of last week

Debut manager markets first European CLO
A new European CLO manager is in the market with its first CLO, with the deal expected to price in the next few days

2024 Q1 manager rankings by AUM
Our Q1 2024 rankings for CLO managers by total global CLO AUM are now available

New European CLO prices with triple As at 145
After the lowering of the current European CLO triple-A benchmark last week, levels continued to tighten today

Europe sees another tight print
CVC added to last week’s rush of European deals with CVC Cordatus Loan Fund XXXI – the manager’s seventh transaction of the year

Creditflux welcomes new deputy editor
We are pleased to announce that Lisa Lee has joined Creditflux as our new deputy editor, based in London

European CLO triple As hit 146
European senior spreads hit a new tight last week in a new CLO with the tightest weighted average cost of capital of any European CLO so far this year

Ares add new European CLO to its roster
The second half of this week saw a renewed rush of European issuance, and Ares was amongst those coming to the market 

Blackstone makes it three new European CLOs this year
Blackstone’s third new European CLO of the year priced on Wednesday, reflecting the growing market weakness in the lower mezz

Napier Park prices first European new issue CLO of the year
Priced this afternoon, Napier Park’s third deal of 2024 marked its first European offering this year – a new-issue CLO valued at EUR 456.9m, arranged by Natixis.

European reset highlights weakness in mezz despite robust senior demand
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12

European WAL test language is getting a little looser finds Dealscribe
The latest quarter has seen some loosening of WAL test laguage for European CLOs, according to document analysts Dealscribe

Strong run helps CLOs shrug off Altice downgrade
It may be the largest triple C downgrade in years, but the CLO market is relatively unperturbed by Altice’s fall from grace.

CIC aims to join list of new European CLO managers
After last year’s eye-catching European debuts from seven new managers, attention has turned to this year’s impending crop of debutants.

Triple A delayed-draw structure helps European CLOs beat negative carry
The first quarter of this year saw a trio of unusual deals in the European market: new issues that include delayed-draw options on triple A coupons. It is the first time this facility has been seen on CLO triple A notes.

Milbank staffs up after slew of London lawyers follow Goldfinch to Allen & Overy
Milbank has reacted quickly after five attorneys — including veteran European CLO lawyer John Goldfinch — moved to rival law firm Allen & Overy.

2022 vintage deals score again as COLF is called with 49% gross IRR
2022 vintage deals score again as COLF is called with 49% gross IRR

Fund performance
In February, CLO funds once again claimed the majority of top positions in our fund ranking — this time taking eight of the top 10 spots (see table below).

Credit funds at a glance
Credit funds at a glance

CLOs at a glance
CLOs at a glance

The Last Tranche with Christine Ferris
In the latest edition of The Last Tranche podcast we talked to JP Morgan’s global head of CLO primary Christine Ferris about why she loves working with debut managers, despite the extra challenges they face coming to market.

Unveiling our shortlist for the best performers of 2023
The 16th edition of Creditflux’s annual celebration of the best CLOs, CLO funds and CLO managers, in Europe and the US, will be held on 15 May at the Landmark Hotel in London

Neuberger Berman keeps it tight for new European CLO
The European market saw another deal print at this year’s record tight of 147bps yesterday, when Neuberger Berman priced its first Euro deal of 2024

Sculptor launches CLO captive equity platform
Sculptor Capital Management launched its new CLO captive equity platform today, anchored by a commitment from Rithm Capital