Global CLO league tables - May 2021 YTD
Global CLO league tables - May 2021 YTD

US CLO managers with eye on Europe opt for risk retention
The US CLO market celebrated as domestic risk retention requirements were overturned in February 2018, but issuers are increasingly taking down 5% of their CLOs voluntarily with a view to satisfying European risk retention rules

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Blackstone CLO origination head relocates to London
Blackstone’s global head of capital formation liquid credit has relocated from New York to London

CLO pipeline: queue gets longer as Blackstone goes again and Sancus makes first move
The queue to price for US CLO managers is only getting larger with 18 new issue CLOs in the pipeline, according to market sources, along with 18 repricings and two new issue European CLOs and two mid market CLO resets

Regulators call on CLO managers and investors to understand conflicts of interests
The International Organisation of Securities Commissions has issued four questionnaires for bank lenders, CLO investors, CLO managers and leveraged loan sponsors to understand risks in leveraged loans and CLOs

Alcentra's global CLO fund closes at $484 million and over 50% deployed
Alcentra has closed its fourth global CLO fund, Alcentra Structured Credit Opportunities Fund IV, at $484 million

Global CLO trading lab: Octagon CLO comes out top in CLO double B spike
Double B-rated bonds made up 40% of the European and US CLO secondary markets last week. $222 million of US CLO double B bonds were on sale and a further €105 million of European CLO double B items were listed

CLO pipeline: Five out, five in as market digests new issuance wave
Five new issue US CLOs priced from last week’s pipeline, but five more have replaced them in this week's edition of our pipeline report

CLO life experiences part II: "Inequalities based on ethnic backgrounds have rarely been on the agenda"
A high ranking official in the CLO market tells us about being overlooked at the expense of others with similar track records 

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

WhiteStar finally makes it to Europe
US CLO manager WhiteStar Asset Management opened an office in London last month in what officials describe as the culmination of a plan that has been many years in the making

CLOs at a glance (May 2021)
A listing of CLOs that have priced in the last month

CLO life experiences part I: "We have not reflected the communities we serve"
In the first in a three-part series, Creditflux spoke with senior people of colour in the CLO industry about their experiences. This provides perspective on how the CLO market has evolved and must continue to do so. In today's edition, Citi's Brian Bejile shares his views.  

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion

Loan triple-A buyer adds option to convert, but keeps faith in CLOs
A CLO triple A investor has developed its CLO investment strategy by embedding an option that allows the bank to convert its CLO exposure from loan to note format

CLO pipeline: go long! new issues and resets push refis aside
The CLO market is ready to go beyond refinancings - after this year's opening blitz of those deals - into the longer tenored territory of resets and new issues

US CLO specialist opens London office for European expansion
A Dallas-headquartered firm has hired from Standard Life Aberdeen to lead a European business

CME touts forward-looking Sofr term benchmarks
CME Group has begun publishing term benchmarks for the secured overnight interest rate (Sofr) as part of the global push to move away from Libor in financial markets

Update: Rev up the DeLorian, we’ve gone back to the future
CLO equity investors are heading back to 2017 and 2019 CLOs and reviving them as the CLO market slips into fifth gear with refinancings, resets and new issues galore. This article features updated CLO arranger counsel figures for Cadwalader, which moves the firm up to second place. 

BlueBay confirms hire in structured credit and CLO management team
The new appointment will focus on investing in US and European structured credit securities across the capital structure