Spire wins Creditflux Manager of the Year award
Spire Partners was the big winner at Creditflux's Manager Awards last night as the London-based manager scooped the award for the manager of the year. On top of this, the firm picked up awards for Best European CLO Manager and Best European CLO for Aurium CLO II

BlackRock moves along the term curve by pricing five-year US CLO
BlackRock has followed up its three-year US CLO in February with a regular five-year reinvestment CLO. The latest deal has priced well in comparison to the short-dated transaction 

CLO pipeline: managers seek to return as others arrive, after testing Q1
With the first quarter of 2019 now in the books, the CLO market looks to be continuing where it left off.

We can’t hide it any longer, we’re tiering up
With the opening months of 2019 highlighting a clear class system among CLO managers, there has never been a better time to assess tiering. We find that timing, patience and luck all play a role

We can't hide it any longer, we're tiering up

US CLO round-up: years fall off CLO market as it gets back to its old self
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper. 

Shorter-dated CLOs grow in popularity with BlackRock pricing three-year deal
Short CLOs gained in popularity yesterday with BlackRock joining the list of managers issuing deals with less than the standard five years of reinvestment

Keep calm and buy corporate loans
Calm heads prevailed in 2018. Markets were volatile and risk retention was supposed to cause problems, but there was no need to panic and volumes went on to break records set in 2014

BlackRock prices CLO refi at triple A tights and adds single B tranche
BlackRock has refinanced its 2016 CLO named Magnetite XVIII, pricing the triple-A class in line with recent tight-end benchmark deals and adding a single-B tranche

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

BlackRock names head of US CLO business, reports Reuters
BlackRock has appointed Owen Butler to lead its US CLO business, according to an internal memo seen by Reuters

BlackRock prices CLO reissue at market-beating levels
BlackRock continues to issue CLOs at market-beating levels, yesterday reissuing a 2015 deal with triple As at Libor plus 112 basis points

CLO round-up: reset triple As price apart on divergent portfolios
CLO spreads have been volatile of late with seemingly no consistency in triple A CLO prints from deal to deal. In a reset-heavy week, BlackRock and Marathon Asset Management were positioned at opposite ends of the spectrum

BlackRock prices US CLO triple As 4.9bp tight of market average
BlackRock has priced a reset of its 2015 CLO, Magnetite XII

Experienced CLO investor tipped to join Tetragon
A high profile CLO investment specialist is set to join Tetragon in New York, according to market sources

BlackRock's co-head of US CLOs set to leave the firm
One of the most experienced names in the CLO investment market is leaving BlackRock

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal 

BlackRock prices its fifth CLO reset of 2018
BlackRock priced a $502.25 million reset of its 2016 CLO Magnetite XVII yesterday

CLO b-wic line up: equity in Apollo euro deal with low funding costs goes on sale
European CLO equity is so often described as being the most illiquid part of the global CLO market, but the last few days there has been a significant amount of trading in this area.

BlackRock prices CLO triple As at 101bp in its largest deal of the year
BlackRock priced its largest CLO transaction of the year to date on Friday by resetting its second largest deal

BlackRock's US CLO reset volumes pass $1 billion following latest deal
The manager priced its second US CLO reset of the year on Friday

BlackRock expands US private debt capabilities with TCP acquisition
BlackRock has agreed to acquire $9 billion asset manager Tennenbaum Capital Partners

Spreads tighten once more as manager becomes first to price five 2018 CLOs
A CLO manager has become the first to price a fifth CLO transaction this year

BlackRock hires two arrangers as it markets first new US CLO of 2018
BlackRock is preparing its first new issue CLO in the US market since June last year