CLO markets enter “new regime of volatility” – BNP Paribas research

Donald Trump’s tariffs could make CLOs more volatile, while potential oversupply and weakening fundamentals could hit spreads. Primary triple-As, IG mezz, and quality long-dated CLO equity “attractive”

US CLO spreads to widen as uncertainty and tariffs bite – JPMorgan
Higher US tariff levels may lead to CLO spreads widening and pressure US CLO market growth, but new origination has been more resilient than expected, according to JPMorgan analysts in their mid-year CLO outlook report

Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
PODCAST: The co-head of global liquid credit at KKR sees opportunities and reasons for optimism after the recent market upheaval, especially in Europe and Asia in the latest "Credit Exchange with Lisa Lee" podcast

Managers predict opportunities after Trump storm
Global financial markets in April went on one of the wildest rides in history over the past few weeks. But while markets have now calmed, caution remains

‘CLO spreads widened alongside all other spread markets’
Investor's Corner with Edwin Wilches, Co-head of PGIM Fixed Income’s securitised products

Tariffs will push up default rates for several years, say agencies and managers
After an uptick in leveraged loan defaults culled weaker credits in 2024, many expected default rates to fall in 2025. But the uncertainty stemming from the Trump administration’s tariffs means those assumptions are now under threat

News in brief
Blackstone plays offense amid volatility

CLOs at a glance – April 2025
Our list of recent CLO pricings globally

Creditflux Symposium 2025 opens at Nobu Hotel in Portman Square, London
17th Creditflux Symposium starts today, 14 May, with sessions on structured finance and ABS

Clearlake launches Clearlake Credit to chase private and public credit investments
The new platform will integrate the newly acquired MV Credit and WhiteStar Asset Management

Sidley poaches nine US finance lawyers from A&O Shearman including bulk of CLO expertise
The moves leave A&O Shearman with a significantly diminished slate of CLO prowess 

CLO market turns to print-and-sprint deals as volatility spikes
EXCLUSIVE: Napier Park, TP Birch Grove, and BlackRock attempt print-and-sprint deals as the maths gets tougher; AGL and Blackstone pull off deals

Siepe hires two from US Bank to boost CLO, private credit tools
The software and technology service provider for CLO and private credit managers is expanding its team

US CLO managers and investors turn away from Europe after risk retention changes
EXCLUSIVE: The reassessment is the latest consequence of the new European Supervisory Authorities’ revised guidance on risk retention

News in brief
CLO ETF outflows are ‘manageable’

CLOs at a glance – March 2025
Our list of recent CLO pricings globally

CLO market stabilises after Trump’s tariff reversal
ANALYSIS:Investor sentiment has moderated after the US president backed down on tariffs, but the full effects will take a few days to emerge

Dechert adds Paul Hastings partner to bolster private credit, CLO biz
Brian Whaley will bring his experience in private credit, securitization and structured products to the global finance group

Europe-based Arini markets first US CLO with big team already in place in the States
EXCLUSIVE: Hamza Lemssouguer's hedge fund is progressing towards debuting its first US issue and building a US CLO managment business with aspirations to do multiple deals a year

Expect wider credit spreads, compelling opportunities in CLOs – Bain Capital’s John Wright
PODCAST: Latest guest on the Credit Exchange podcast is "pretty excited" about CLO debt and expects spreads to widen

CLO manager M&A driven by search for talent and scale

‘We tend to stick with tier-one managers’

CLOs at a glance - February 2025
Our list of recent CLO pricings globally