UK-based manager looks to restart European infra CLO market
RM Funds, an Edinburgh-based infrastructure debt investor, is looking to launch the first European infrastructure CLO since 2008

European CLO market stirs as first refi of the year prices
BNP Paribas injected some life into the sluggish European CLO market on Monday with the first European refi of the year

Partners Group follows KKR below 150 for new European CLO
Partners Group has followed KKR in dipping below the 150 level for European triple-As, with a new issue arranged by JP Morgan weighing in at EUR 403.4m on Wednesday

CVC reissues structured financing facility as a full European CLO
The beginning of February saw something unusual in the CLO market – a reissue of the CVC Cordatus Opportunity Loan Fund, undertaken by CVC Credit Partners.

European triple As drop below 150 as KKR prices new CLO
The somewhat limp activity in the European primary market so far in 2024 was given a kick along on Friday with the pricing of Avoca CLO XXIX, a new EUR 402.85m BSL CLO from KKR

Fried Frank pushes into securitization with veteran hire in London
Fried Frank has announced that securitization veteran Cameron Mitcham has joined the firm as a partner in London. He is well known to the CLO and structured finance industry from his role as a partner at Dechert

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

CLOs round-up: Jan 2024 - back with a bang
Our roundup of CLO primary activity in January shows that the market got off to a dramatic start in January, especially in the US BSL space

European CLO primary spreads still have a long way to go
Are European CLO spreads in the primary market cheap or expensive? Our latest research shows that while US managers can celebrate AAAs reaching the 150s, in Europe spreads still have a long way to go to reach historical norms.

Blackstone is back as the largest CLO manager in the world: 2023 manager rankings by AUM
Our full-year 2023 rankings for CLO managers by total CLO AUM are out, with Blackstone moving into top place.

Sound Point gets issuance flowing again in Europe
Sound Point Capital Management has won the race to price the next European deal, partnering with Jefferies on a new EUR 452.55m deal that sets the benchmark for triple-A coupons at 150 bps over Euribor.

The Caribbean is back on the menu as EU announces removal of Cayman from its blacklist
On 18 January 2024, the European Commission published the Delegated Regulation (EU) 2024163 in the Official Journal of the EU, announcing that the Cayman Islands will be removed from its anti-money laundering list of 'high-risk third countries'

Apollo redeems ALME Loan Funding V CLO via BWIC
Apollo is the seller of the EUR 237m BWIC that was due on 16 January as it liquidated its ALME Loan Funding V CLO

Permira confirms co-heads of credit platform
European alternative credit manager Permira Credit has named David Hirschmann and Ariadna Stefanescu as co-heads, effective immediately, as parent company Permira makes plans to expand the credit business

CLO manager Accunia promotes Jacob Jensen
Copenhagen-based specialised asset manager Accunia Credit Management has promoted partner and Chief Business Officer Jacob Jensen to the role of Director, alongside the firm’s CEO Henrik Nordby Christensen

Expect to see a European MM CLO this year, conference hears
A European middle-market CLO is closer than ever to becoming a reality in 2024, according to the consensus view at S&P Global’s 2024 Structured Finance Outlook

Global CLO rankings - FY 2023
Our full rankings for the global CLO market, including arrangers, law firms and trustees

European CLO rankings - FY 2023
Our full rankings for the European CLO market, including arrangers, managers, law firms and trustees

European ABS and CLOs rally on Fed rates forecast
Trading activity in European ABS and CLOs was strong on Thursday (14 December) after the Federal Reserve signalled it would cut rates in 2024

Palmer Square liquidates 2022 CLO through BWIC
Palmer Square is the seller of a mammoth EUR 350m loan and bond BWIC portfolio that was auctioned last Thursday (4 January) as it has been winding down Palmer Square European Loan Funding 2022-3

Investcorp promotes Lane to managing director
Investcorp veteran will continue to work on European CLO issuance

New research says that CLO arb is better than you think, but still not good enough
New research by Barclays’ Powell Eddins and Pranava Boyidapu suggests that CLO arbitrage is in a better place than many investors think, but that BBs are still more attractive

Captive equity is still an option as Carlyle raises fund
Despite predictions of poor returns, captive equity funds can still be raised. The latest manager to hit the market is Carlyle Group, the world’s largest CLO manager according to our 3Q23 Creditflux rankings. According to market sources, Carlyle is raising a half-billion-dollar equity fund, which is expected to be complete by the end of the year.

Banks support triple As as insurers and asset managers step awa
While attention is focused on what the proposed risk-weighted asset (RWA) implementation of Basel 3 will mean for US banks, European banks have already become the dominate buyers of CLO triple A paper.