Investcorp targets most liquid loans for new European credit fund
Investcorp Credit Management is targeting “the largest and most liquid European issues” after raising €318 million for a levered credit fund that invests in European loans

European investors eye 180bp pick-up on triple B CLOs traded in April
A b-wic consisting of mostly European triple B CLOs that traded in late April is on offer at 9.30am New York time tomorrow, according to market sources, as data shows spreads for the rating band averaging 546 basis points over Euribor as of 27 May

Investcorp launches Italian NPL fund
Investcorp has raised €340 million for an Italian non-performing loan (NPL) fund, following a similar strategy to a 2017 fund

Global CLO b-wic round-up: triple A volumes hit nine-year highs, but equity valuations could be "single digits"
Over $2.5 billion of US CLO paper listed in b-wics in last week's manic trading, with a further €435 million of European CLO bonds also on sale. CLO buyers and sellers turned to the safest part of the capital structure – the triple A rated notes – and away from its most illiquid asset class, with no equity bonds listed in either market

Secondary CLO volumes jump as investors shed triple Bs into volatility
CLO investors are putting together the pieces after a volatile week, in which investmemt grade-rated tranches have changed hands but with limited visibility on pricing

Carlyle revives amortising euro CLO with upsized capital structure
Carlyle Group has reset a CLO in the middle of its amortisation period, giving a new lease of life to the deal named Carlye GMS Euro CLO 2015-1

Investcorp lines up new CLOs on both sides of the Atlantic
Investcorp Credit Management is gearing up to price new issue CLOs in both the US and Europe, according to market sources

CLO pipeline: high triple C bucket opens a Gateway to pricing
In less than ideal market conditions, even experienced CLO managers are learning new tricks to keep the pipeline full. Of the 11 US new CLOs that appear in the pipeline this week, two are high triple C bucket transactions

Global CLO b-wic round-up: US and European double B trading patterns diverge
48% of the CLO secondary market was made up of triple A bonds; $255.6 million of US CLOs and €108.55 million of European CLOs. But there were differences in how CLO double Bs are trading in those markets.

Ostrum set to return for second CLO after debuting in 2017
Natixis’s asset management division, Ostrum Asset Management, is readying a new issue CLO known as Purple Finance CLO 2, according to market sources

PGIM to join exclusive list of managers to reset, rather than refi, a euro CLO
PGIM is set to join the small but growing list of managers to reset a European CLO this year, as the manager teams up with BNP Paribas to bring a reset of Dryden 48 Euro CLO

Global CLO league tables at a glance - July 2019 YTD
Global CLO league tables at a glance - July 2019 YTD

Euro CLO spreads could tighten further as Spire targets 105bp triple A print
Spire Partners is looking to bring Europe’s CLO market even tighter as it readies a reset of its inaugural deal named Aurium CLO I

Hayfin prices new CLO as European 2.0 volumes break monthly record
Europe’s CLO volumes reached a post-crisis monthly record on Friday as Hayfin Capital Management priced its latest new issue bringing July volumes to €5.21 billion

MJX and Natixis team up to price $607.9 million new CLO
MJX Asset Management yesterday priced its third and largest CLO of 2019, according to market sources

New manager premium evaporates for Sound Point in second euro CLO
Sound Point Capital Management has priced its second European CLO, just three months after its debut issuance on the continent

Barings targets 110-111bp print on forthcoming European CLO
Barings is looking to join the exclusive list of European CLO managers to issue triple As around 110 or 111 basis points over Euribor

Global CLO b-wic round-up: control equity hits the market as secondary market picks up
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. 

Global CLO league tables at a glance - June 2019 YTD
Global CLO league tables at a glance - June 2019 YTD

BNP Paribas AM targets Europe's tightest CLO print since April
BNP Paribas Asset Management is targeting a 111 basis point triple A spread on its forthcoming CLO, according to market sources

Euro CLO round-up: smaller (and newer) issuers print deals as spreads edge wider
It has been a relatively busy week for the European CLO market after three new deals priced to end a 17- day silence in the primary market. The quiet spell was broken by smaller CLO issuers.

Tikehau changes tack and opts for three-tranche CLO refi
Tikehau Capital has refinanced three tranches of its second CLO from 2016 named Tikehau CLO II

Napier Park joins Europe's CLO manager club after pricing first deal via Citi
Napier Park Global Capital on Friday became the third debut CLO issuer in Europe of 2019, according to market sources

Global CLO league tables at a glance - May 2019 YTD
Global CLO league tables at a glance - May 2019 YTD

Euro CLO round-up: after three-year hiatus, two Apollo/Redding Ridge CLOs come along at once
The Japanese bid for CLO triple A notes is taking a break for at least a few weeks, according to market sources, effectively removing a key contributor to the benchmark levels set this year.