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?”

New wave of CLO funds emerge as managers capitalise on tight spreads
Credit managers have raised an abundance of capital in the last few months with the aim of stocking up on their CLO investments

US CLO triple As hit 100bp after CIFC prices $1 billion deal
CIFC Asset Management has priced its largest ever CLO amid huge demand for CLO paper

Control equity position in Seix CLO circulates on b-wic
An 80% stake in a Seix Advisors-managed CLO's equity tranche has appeared on a b-wic

CIFC taps former Citi CLO veteran to lead structured credit business
Jay Huang has joined credit manager CIFC as a managing director, senior portfolio manager and head of structured products investments in New York, Creditflux has learned

CIFC markets new $815 million dual-compliant US CLO
CIFC Asset Management is marketing its first new issue CLO of 2018

CIFC prices triple As at 110bp after giving refinanced CLO a reset
CLO resets seem to be in favour in the early weeks of January with CIFC Asset Management resetting CIFC Funding 2014 yesterday in a $629.1 million transaction

New York manager refinances over $1 billion CLO paper in a single day
The manager hired Goldman Sachs and BAML to price one reset and one refi transaction yesterday

CIFC resets 2012 CLO with triple As pricing at 80bp
CIFC made its 13th CLO transaction in the US CLO market this year yesterday, resetting CIFC Funding 2012-II, according to market sources

CIFC liquidates CLO-focused fund
Private debt manager CIFC has liquidated a closed-end fund known as the CLO Opportunity Fund I, but has launched a successor fund

Senior CLO investor parts ways with CIFC in New York
Market sources say that a well-known figure in the US CLO market has parted company with CIFC Asset Management in New York

Triple As hit 118bp as CIFC prices fifth new CLO following $204 million upsize
CIFC has priced its newest CLO at $714 million, upsizing from the $510.5 it was originally expected to total

CIFC prices its 11th CLO transaction of the year
CIFC has priced a reset of a 2013 vintage CLO, according to market sources

CIFC set to price its fifth CLO of the year
CIFC has hired Credit Suisse to arrange a new issue CLO - the manager's fifth CLO of 2017

CIFC teams up with pension fund for $375 million CLO risk retention partnership
The Healthcare of Ontario Pension Plan (HOOPP) is partnering with CIFC Asset Management on the CLO manager’s new capitalised majority-owned affiliate

Chance encounter sets up CIFC sale
Selling a business can be arduous, frustrating and nerve-wracking. An exhaustive process does help – but sometimes it takes a bit of luck for a deal to go through

CIFC looks to replicate CMOA template after pricing four 2017 CLOs
New details have emerged regarding CIFC Asset Management’s CLO risk retention strategy after a regulatory filing revealed that the firm had raised $117.3 million for a vehicle known as CIFC CLO Strategic Partners