Beyond blacklists: the next step in ESG
Credit managers are integrating ESG into their investment processes, but that does not mean they are unable to invest in unethical credits — they can, if they are paid adequately for the risk.

Euro CLO league tables: back to earth in tandem as issuance nosedives
August brought just €1.12 billion of issuance in the European CLO market across two refinancings and one reset, the quietest month since January when only €0.51 billion of European CLOs priced

CLO pipeline: refis can't wait till after summer
The CLO market in both the US and Europe looks to be slowing down in the near future with only two deals added to the running pipeline.  

THL anchor CLO equity seeks purchase in secondary market
Up for auction later today is the 15th controlling stake in a US CLO this year, with nine of the previous 14 having failed to trade

PineBridge refi shows steep term curve in European CLO market
PineBridge Investments has refinanced its 2016 vintage CLO named Euro Galaxy V, according to market sources

The sky is not falling in on the CLO market, writes PineBridge
CLO market participants are fighting against the perception that their strategy is the detonator to another nuclear financial crises. PineBridge Investments took aim this week at naysayers predicting doom, re-emphasising arguments made last month during Creditflux's CLO Symposium in London. 

Budge up, more new managers are coming

Capital raised for risk retention keeps struggling CLOs afloat
In a bid to turn struggling warehouses into CLOs, managers are prepared to take losses on funds raised for risk retention in order to issue new deals.

Investors back multi-asset funds for high yield gains
Multi-asset funds that include credit have become popular among institutional investors.

Euro CLO round-up: managers make equity work with innovative structures
Equity arbitrage has been under pressure but managers are braving the market and getting creative with deals to make deal economics work

114bp is Europe's syndicated triple A benchmark as Pinebridge prices new CLO
114 basis points has been reinforced as the benchmark for syndicated CLO triple As in Europe with Pinebridge Investments becoming the fourth manager to issue at this level

European CLO equity in focus for secondary market with 50% trade rate
European CLO equity valuations ranged from the 50s to 70s, but only two our of four positions traded yesterday

PineBridge builds US private credit fund
PineBridge Investments has registered a new private credit fund - PineBridge Private Credit, according to US regulatory filings

PineBridge prices $454.5 million new issue CLO with triple As at 120bp

PineBridge Investments has priced its fourth new issue CLO of the year via Barclays

Goldman prices new issue US CLO for regular client
A west coast manager issued its eighth CLO transaction of the year, with Goldman Sachs now having completed four of those

PineBridge prices CLO refi via Mizuho with unusual triple A debt structure
PineBridge Investments teamed up with Mizuho to refinance 2016 CLO, Galaxy XXII, according to market sources

PineBridge prices CLO transaction with triple A step-up tranche
PineBridge Investments has reissued its 2014 vintage CLO Galaxy XVII, renaming the deal Galaxy XXVIII in the process

PineBridge markets a $476.65 million CLO reissue
PineBridge Investments is marketing its sixth CLO transaction of the year, according to market sources

PineBridge prices new issue CLO with just six months of reinvestment
The manager issued a new CLO on Tuesday with just six months of reinvestment capability

Pinebridge shifts away from investment grade credit
New York-based PineBridge Investments has reduced its investment grade credit allocation from 25% to 20% while increasing its appetite for emerging market credit

PineBridge reissues 2013 US CLO via Goldman
The manager priced a $424.25 million CLO reissue yesterday

PineBridge targets sub-100bp triple A print as it markets CLO reissue
PineBridge Investments is preparing to price its first ever CLO reissue transaction, according to market sources

CLO manager prices $525.8 million reset via Goldman Sachs
The manager priced its third transaction in the CLO market of the year on Friday by resetting a 2015 deal

Manager prices first new issue CLO in Europe since September 2016
The New York-headquartered manager has launched its first new issue CLO in Europe since 2016, pricing a €411 million deal via Morgan Stanley yesterday

PineBridge resets 2015 US CLO in $378 million deal
The manager priced a $378 million reset of a 2015 vintage CLO yesterday