KKR and Bank of America team up on static refi
We missed one CLO from our holiday primary roundup yesterday, with KKR taking advantage of the end-of-year tightening across the market to round off 2023 with a refi of its first static BSL CLO

Middle market rush continues as AllianceBernstein prices new CLO
AllianceBernstein is the latest manager to price an end-of-year mid-market CLO, with a USD 397.44m new issue yesterday 

Crescent brings in triple-A spreads 85bps with static refi
Crescent Capital Group has become the latest manager to exploit advantageous market conditions to undertake a USD 298.91m refinancing of its 2022-vintage Atlas Static Senior Loan Fund I

Fortress prices middle market deal with CP reference rate
Fortress Credit Opportunities VIII CLO features a senior tranche that references both SOFR and a CP rate

Static CLO sees big benefits from refi
The partial refi of a 2022 vintage static CLO brought triple A spreads down a full 80bps

Oaktree partners with Spire Capital for new special situations fund

Spire Oaktree Special Opportunities Fund will target Australian wholesale investors

Warwick markets first-time CLO via RBC
Warwick Capital is set to become the second CLO manager to print its debut CLO in 2023

Investcorp prints first new CLO in over 12 months
Investcorp returned to the European CLO primary market on Thursday with its first new issuance in over a year

Empower grows its CLO volumes to $1.5 billion after third new issue
Empower Capital Management grew its volume of CLOs under management to $1.5 billion on Monday after pricing its third new issue since the launch of the platform

Sound Point prices first CLO under new performing credit head
Sound Point Capital Management priced their latest deal on Wednesday, according to market sources. Sound Point CLO 36, arranged by BNP Paribas, is a US broadly syndicated CLO, and the manager’s first deal this year.

Mid market league tables: Golub and Natixis team up to lead in issuance as HPS debuts
Five mid market CLO managers priced in May for a combined $2 billion monthly issuance. This marked the fourth straight month when mid market volumes crossed $2 billion

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD

Birch Grove prints European risk retention compliant-US CLO
Birch Grove Capital priced a new CLO on Friday, with the deal structured in a way that complies with European risk retention regulations

KKR's new CLO sees triple As print 3bp tight of market average
KKR Credit teamed up with Morgan Stanley on Wednesday to print a new CLO named KKR 52

Mid market CLO league tables: AB crosses $1 billion and Natixis $2 billion to lead the way
Mid market CLO issuance in April was down for the second straight month with $2.15 billion pricing, compared to $3 billion in March and $3.5 billion in February

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

CLO funds make best of a bad situation
It can’t get any worse can it? Well, it did in 2022, when credit spreads kept moving wider. Still, CLO funds were able to withstand the pressure, and they outperformed other credit strategies

LP round up: opportunistic credit dominates as investors allocate $2.2 billion
US institutional investors invested at least $2.2 billion to credit funds in March, according to documents seen by Creditflux, with opportunistic credit funds dominating commitments

AlbaCore and Anchorage market European CLOs
AlbaCore Capital and Anchorage Group are the latest managers to brave the new issue European CLO market amid market volatility

CVC ends CLO primary drought with week's first new issue
CVC Credit Partners broke through the CLO primary market drought on Friday to print the first new issue deal of the week

AB and Partners print new five-year CLOs as daily volumes top $1 billion
AllianceBernstein and Partners Group each priced a new five-year reinvestment CLO on Wednesday, contributing to issuance volumes in the US topping $1 billion in a day for the first time in March

ICG prints Euro CLO as junior CLO spreads widen
Intermediate Capital Group priced a new issue European CLO, ICG Euro CLO 2023-1, via JP Morgan this afternoon

US CLO issuance for 2023 passes $10 billion as AMMC prices new deal
American Money Management Corporation priced a new CLO on Friday that took US CLO issuance for 2023 over $10 billion for the first time

Swiss bank looks to plug holes but investors are hun-gruyere for risk
Credit Suisse is a rare, worrisome cloud in an otherwise brightening sky this week, as Europe extends its tightening trend in credit with the US standing at ease for the Thanksgiving holiday

FS prices third CLO to make 2022 debut
FS Structured Products Advisor has returned to the market for the first time since 2021, pricing its third US CLO.