CLO dispersion set to increase in 2026 – BNP Paribas
Next year is likely to see increasing dispersion in credit performance off the back of a series of idiosyncratic credit events, BNP Paribas has forecast in its 2026 CLO outlook

More European multi-currency CLOs expected after Barings issuance
EXCLUSIVE: More sterling/euro private credit CLOs are expected to launch next year, following the successful pricing of Barings’ pioneering multi-currency deal

Barings prices multi-currency European mid-market CLO
The primarily euro-denominated deal included a GBP 103m triple A tranche issued in sterling

Blackstone matches market tight with new Euro CLO
Blackstone’s latest new European CLO, Apna Park CLO, issued via BNP Paribas on Tuesday in a EUR 405.325m transaction

Capital Four prices first Euro issue since February with upsized reset
The EUR 376m reset saw its top-of-stack paper price at Euribor plus 134bps

Mizuho EMEA names former BNP Paribas exec as CIB head
Matthew Ponsonby will become head of Mizuho EMEA’s corporate and investment bank, and president and CEO of Mizuho International on 1 October

Investcorp is latest to price sub-130 Euro issue
Investcorp’s third new Euro CLO issued on Friday as a EUR 405.8m transaction via BNP Paribas, taking the manager’s overall European issuance for this year to almost EUR 2.14bn

Trinitas prints second new Euro CLO of 2025
Both the triple A and mezz tranches priced toward the tighter end of the current market, with the triple Bs issuing at the narrowest level for a standard-duration Euro CLO since late August

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

HPS markets new issue as European deal activity ramps up
The manager is marketing its newest European CLO, one of a brace of new issues and resets set to price this month

KKR breaks 130 barrier for Euro CLOs as brace of resets wrap up August
KKR has smashed the 130 barrier for standard-duration European CLO triple As for the first time since April, while Redding Ridge and BlueBay also priced resets to end the month

Five Arrows resets CLO with EUR 100m equity injection for first 2025 print
The EUR 476m transaction repriced a CLO last reset in 2018, and saw total equity boosted to EUR 142m

KKR keeps busy with new Euro print
The deal comes the day after the manager priced the tightest European reset since April, both deals issuing their triple As at Euribor plus 132bps

Napier Park prices third new Euro issue of the year
The triple As for last week's EUR 405m transaction cleared at Euribor plus 133bps

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