European CLO issuance continues with new Tikehau deal
The end of last week saw Tikehau Capital pricing its first deal in almost four months. According to market sources the new issue CLO was upsized from EUR 400m.

European CLO Rankings - February 2024 YTD
Our latest rankings for the European CLO market, including arranger and manager league tables

US MM CLO Rankings - February 2024 YTD
Our latest rankings for the US middle market CLO market, including arranger and manager league tables

US BSL CLO Rankings - February 2024 YTD
Our latest rankings for the US BSL CLO market, including arranger and manager league tables

Tightest European new issue CLO this year prices
European new issue spreads for 2024 nudged down to a new benchmark on Tuesday, with the triple-As hitting 147bps

Debut manager makes second issuance a delayed drawing
One year after its European debut, Canyon Partners last week priced the delayed-draw tranche from that inaugural Euro CLO

CVC keeps it tight for new European CLO
CVC Credit Partners hit a milestone on Thursday when it priced CVC Cordatus Loan Fund XXX, which matched this year's benchmark AAA spreads

CLO round-up: February 2024
Our roundup of all the action in another spectacular month for the CLO market

Chenavari returns to European CLO market after two-year absence
Chenavari Credit Partners returned to the primary market on Thursday for the first time in two years with a new European CLO valued at EUR 409.5m

LP CLO investor returns to Accunia
A veteran CLO investor has announced he is returning to Copenhagen-based Accunia Credit Management, where he will be Head of Investments

Boutique manager chimes in with second European CLO
Signal Capital Partners last week became the latest manager to add to the burgeoning issuance in the European primary CLO market with an upsized EUR 450m new issue deal

Wave of legal hires becomes a tsunami
In February alone legal heavyweights Allen & Overy, DLA Piper, Fried Frank, Kirkland & Ellis, Proskauer Rose and White & Case all announced the arrival of partners in the credit space

Unfunded single-B issuance steps up as Bridgepoint triggers class F note
Bridgepoint Capital Management this week became the latest in a string of managers to price a delayed-draw tranche in 2024

Palmer Square stays still for latest European deal
Static deals made a reappearance in the primary market yesterday, when Palmer Square Capital Management priced a new European CLO in conjunction with JPMorgan

Missing Milbank CLO team surfaces at rival law firm
A global law firm has announced the arrival of veteran European CLO lawyer John Goldfinch, one of the partners who pushed Milbank to the top of our European manager counsel league tables last year

Deadline nears for 16th Creditflux Manager Awards submissions
The deadline for entries to the 16th annual Creditflux Manager Awards is closing in, with entries accepted until Thursday 22nd February.

Second European delayed draw tranche prices
Five Arrows Managers priced the delayed-draw single-B tranche of 2023’s Contego CLO XI on Thursday, marking the second such deal of 2024

CLO rankings: 2023 turns out OK
Last year may not have seen records in the primary CLO market, but it was a very solid performer with a strong finish. 

A strong year for CLO strategies
After the pain of 2022, credit fund managers must have been praying that 2023 turned out better. It did.

Credit hedge funds
Credit hedge fund performance

Credit funds at a glance
Credit funds at a glance

CLOs at a glance
CLOs at a glance

Troubled European name reaches end-game
The long-running saga of French mass-market retail group Casino Guichard-Perrachon appears to be nearly over as the firm filed for Chapter 15 recognition in the US

Fresh wave of CLO calls looms as US equity distributions drop
Equity distributions for US CLOs outside their reinvestment period continue to fall as prepayments cut into cashflows

AlbaCore joins European renaissance with new CLO
European credit specialist AlbaCore Capital priced its latest new-issue European CLO on Tuesday, its sixth deal in this asset class