Past returns: Atlantic crossing
Five years ago in Creditflux we reported on Axa Investment Managers planning its debut US CLO with a view to becoming a global CLO manager. Today, US managers are prioritising the build-out of European CLO platforms

CIFC prices first new issue CLO following co-CEO departure
CIFC Asset Management’s 2018 new issue CLO volumes reached $2.44 billion on Friday

CLO b-wic line-up: control equity in Investcorp euro deal goes under the hammer again
An investor is looking to sell a control equity position in Investcorp Credit Management’s 2015 European deal, Harvest XI

CIFC selects Deutsche Bank to arrange first European CLO
CIFC Asset Management has mandated Deutsche Bank with warehousing its first ever CLO in Europe

CIFC prices its eighth CLO transaction of the year
CIFC Asset Management priced its eighth CLO transaction of the year yesterday, teaming up with Bank of America Merrill Lynch to reset CIFC Funding 2013-IV

CIFC's Vaccaro takes over as sole CEO as Wriedt makes abrupt departure
Steve Vaccaro has been appointed sole chief executive officer of CIFC Asset Management following the departure of co-CEO Oliver Wriedt

CLO giant teams up with Deutsche Bank on new issue deal
A large CLO manager is marketing its third CLO transaction of the year and its second 2.0 new issue with Deutsche Bank

Former CIFC CLO investor Klein takes senior role at private equity firm
A former CIFC senior portfolio manager and CLO tranche investor has been hired by Clarion Capital Partners

CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

CIFC lands in Europe with new office and top marketing hire
CIFC has further strengthened its European presence in the credit market, opening a new London office and appointing Muzinich’s Joshua Hughes to head its European marketing

CIFC reissues 2014 CLO and plans reset of 2013 deal
CIFC priced a CLO reissue late on Friday and is keeping up the momentum with plans for a reset of a 2013-vintage deal.

CLO b-wic line-up: soon to be static Euro triple As go up for sale
Fresh off the UK bank holiday yesterday, there is one CLO aution scheduled today for CLO investors interested in European triple A-rated tranches

US firms to continue CLO charge in Europe despite risk retention still applying
Europe is expected to welcome an influx of new CLO managers this year, despite the continent being subjected to CLO risk retention

CIFC prices triple As at 104bp in $814.13 million new issue CLO
The New York-based manager priced a new $814.13 million CLO yesterday via Citi

MUFG prices three CLO transactions totalling $1.76 billion
MUFG Securities Americas has priced three CLO transactions, totalling over $1.76 billion in volume, according to market sources

B-wic round-up: demand for secondary CLO equity picks up in 2018
Secondary trading prices for US CLO debt tranches have been falling since the start of the year, with average cover prices for junior debt reverting to where they were six months ago. However, the opposite has to be said for CLO equity

Tastes change in secondary trading
Our analysis of the secondary market shows that, since 2013, appetite for CLOs run by tier one managers persists through market dips and rallies.

CIFC adds five-year reinvestment to static CLO and cuts funding costs
CIFC Asset Management has become the latest manager to take a seasoned 2.0 CLO and reissue it

B-wic round-up: secondary CLO market is looking more and more like new issue
2017 and 2018 CLOs flooded the secondary market last week, with bonds referencing Ares Management, LCM Asset Management and Napier Park Global Capital going on sale

B-wic round-up: mid market CLOs find new homes in secondary market
The US secondary CLO market has had another eventful week as $908.2 million worth of CLO notes were made available, out of which $693.2 million, or 76.3%, traded successfully

CIFC raises $139 million for second CLO investment fund
CIFC Asset Management has raised $139 million from a total of 37 investors for its second CLO focused fund, according to US SEC filings

B-wic round up: triple A investor locks in gains after major CLO auction
Senior notes completely dominated the secondary market last week as one investor decided to showcase a $635.54 million selection of triple A notes spanning 13 CLOs

CIFC takes advantage of demand for short term CLO reset paper with new deal
CIFC Asset Management has become the latest manager to price a three-year CLO reset

B-wic round-up: attention shifts to senior US CLO paper as trade rate hits 100%
The availability of US CLO equity tranches in the secondary market dried up last week, with holders perhaps reacting to regulators' move to repeal US CLO risk retention

US CLO round-up: who's going to be first to break 100bp?
US CLO spreads continue to rally and the question on everyone’s lips right now is: “when [not if] will triple As dip below 100 basis points?”