Invesco prints $600 million CLO via MUFG
Invesco priced its fifth largest new deal in its history of CLO issuance on Thursday, teaming with MUFG to place the $596.15 million deal named Invesco CLO 2023-1

US CLO pipeline: Triple A dispersion coming to fore as Palmer Square aims to open market again
The US CLO market is set to reopen with five managers in various stages of marketing new issue CLOs, according to sources

US manager becomes latest to register triple A CLO ETF
The manager joins the likes of BlackRock, PineBridge and VanEck, Janus Henderson and AXS to use exchange traded funds to invest in CLO tranches

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

CLO senior triple As stay inside 200bp as Invesco prints US new issue
Invesco priced a new CLO on Tuesday with the deal's senior triple A notes yielding Sofr plus 199 basis points

US CLO pipeline: What takes your fancy? Three years, four years or the full five, we’ve got it all
If you’re looking to invest in a reinvesting CLO, then you have your choice of length as the US CLO pipeline begins to fill with five more forthcomings join four holdovers

CLO equity arb gets squeezed but investors eye recovery swing
The CLO equity arbitrage endured a wildly volatile first half of 2022, but observers say the time could be right to buy into the asset class

Invesco holds final closed for distressed fund at $644 million
Invesco has made a final close of its global distressed credit and special sitiations fund known as Invesco Credit Partners Fund II

Pimco loan ETF finds good entry point for deployment
Pimco’s loan ETF, launched earlier this month appears well positioned to capitalise on the volatility that has hit the loan market in the last two weeks

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

Invesco matches PGIM and Ares US CLO triple As at 144bp
Invesco priced its second new issue CLO this year yesterday, according to market sources as it paired with Morgan Stanley to print Invesco 2022-2

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

Further details emerge of new Invesco US CLO management leadership team
New details have emerged of the new leadership team on Invesco's CLO management platform, with sources confirming that Elizabeth Clark and Ian Gilbertson have both been promoted to lead portfolio managers across the firm's US CLO franchise

Invesco promotes official to CLO PM after departure
Invesco has promoted Ian Gilbertson to portfolio manager overseeing the firm's CLO management platform

US manager hires Invesco CLO PM as it rebuilds
An experienced US CLO portfolio manager is set to join a credit firm that has in the last few months focused on rebuilding its CLO franchise 

Invesco tightens triple As to 130bp with its second largest CLO
Invesco priced a new US CLO on Wednesday with the triple A notes paying 130 basis points over Sofr

US CLO pipeline: newcomers look to follow Beach Point's lead by pricing before year-end
Beach Point Capital Management became the latest debut issuer in the US CLO market on Friday, and Sycamore Tree Capital Partners and Putnam Investments are set to join it    

Invesco, Napier Park and Oaktree refinance 2019 CLOs
Three CLO managers - Invesco, Oaktree Capital Management and Napier Park Global - have each refinanced a 2019 CLO, with the three deals totalling over $1.5 billion

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

Coronavirus tiers up old ranking script
Forget everything you thought you knew about CLO manager tiers. Apollo and Blackstone are mainstays, but smaller, more nimble issuers are finding new ways to stand out from the crowd

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

Invesco lands second tightest US CLO debt execution of Q2
Invesco has priced the tightest US CLO for almost a month, teaming with Natixis on the $512.6 million deal named Invesco 2021-2

CLO pipeline: and breathe... issuance splurge clears the backlog
Over 20 deals remain in the CLO pipeline, despite a glut of issuance last week in which 38 transactions priced, totalling $18.1 billion

Invesco reduces CLO funding costs by 30 basis points in refi
Invesco has reduced the funding costs on Verde CLO, a 2019 transaction, by 29.58 basis points following a $457.2 million refi arranged by Goldman Sachs