Ares 'bespoke' mid-market CLO unlocks UK insurance capital
Ares’ debut mid-market European CLO employs a highly unusual structure that allows it to attract investments from UK insurance firms

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”

Europe sees first reinvesting private credit CLO as Ares prices rare sterling deal
The second private credit CLO in Europe is comprised of over 50 middle-market companies based in the UK, primarily operating in defensive industries

AXA resets 2022 European CLO second time
The EUR 321.66m repricing included a substantial equity upsizing

Euro CLO spreads tighten as Onex prices latest new issue
The CLO was the tightest to price in Europe since the resumption of issuance three weeks ago, both for triple As and the mezz

Blackstone prices Euro market’s first reset in a month
The deal is the first European repricing since Sculptor European CLO IV was reset on 3 April

Spire resets Euro CLO 18 months after initial pricing
The European manager has repriced Aurium CLO XI, a 2023-vintage deal, at the earliest opportunity

Apollo stuns market with end-of-week Euro triple-header
The US-based asset manager priced three European CLOs on Friday, together valued at over EUR 1.28bn

Apollo’s latest Euro deal reflects market’s mezz widening
RRE 25 priced narrow compared to other recent transactions, but there was evidence of widening out in the lower-rated tranches compared to  February

CarVal prices first Euro deal in eight months
The deal priced relatively wide in the mezz compared to other recent Euro transactions  

HPS, Capital Four print 2019-vintage Euro resets
Both deals widened spreads on their triple As and increased their overall cost of funding as part of the repricings  

Oaktree prices tight as it gets off the mark in Europe for 2025
The deal comes amongst a suite of deals that indicates European CLO spreads are currently in the midst of a rapid tightening movement    

Chenavari and Cross Ocean each price first CLOs in eight months
The European managers both priced new issues with triple As at 125bps over Euribor  

Apollo prices Europe first new-issue CLO of 2025
Apollo's Redding Ridge has kick started new CLO issuance in Europe for the year, arranged by BNP and Apollo

BNP Paribas forecast about USD 200bn of new CLO issuance in US and around EUR 50bn for Europe
BNP research analysts anticipate that CLO spreads will tighten over the first half next year, ahead of potentially widening in the second half  

European CLO market expects to maintain deal momentum far into December
European CLO market is bracing for a unusally busy December with deals expected from HPS, Polus and PGIM

Palmer Square hits 10 Euro deals for the year with latest reset
Palmer Square has reset a 2023-vintage that priced notably tight in the lower mezz   

Sculptor continues flow of European dealmaking with new CLO
Sculptor has priced its second new European issue of the year via BNP Paribas  

Mezz tiering takes hold in Europe as investors take their pick of deals
Manager performance in elevated rate environment is coming under more scrutiny from investors   

Barings prices Europe’s first ever private credit CLO
Barings and BNP Paribas have priced Europe’s first ever private credit CLO, achieving a historical feat that had eluded the region so far

Partners prices new European CLO
The new deal from Partners Group adds to an increasing number of European transactions pricing triple-As at 128bps over Euribor

Tikehau goes short with 1Y/2Y European CLO reset
Originally priced as a 1.5Y/4.5Y issue, a reset of Tikehau CLO IX has shortened the duration to a 1Y/2Y schedule

Sculptor upsizes with Euro reset
Sculptor's latest European reset, of 2020-vintage deal saw an increase in value to around EUR 423m   

CVC prices fourth new issue European CLO of 2024
CVC has priced its eighth European deal, and fourth new-issue transaction, of 2024 called CVC Cordatus Loan Fund XXXIII that was arranged via BNP Paribas

Onex hits new European double-B tight with latest new CLO
Onex has priced a new EUR 510.4m European CLO with the tightest double-B spreads seen this year so far