Private credit specialist hires Wells Fargo for first CLO after poaching Invesco PM
A $20 billion asset manager is working with Wells Fargo on its first CLO. The manager is well versed in mid market loans, but its first CLO will be backed by syndicated loans

Deluxe decline leaves CLOs feeling deflated
Deluxe looked decent: trading in the 90s for much of this year, with 60% of its term loan sitting in CLO portfolios. But its rapid descent underlines the dangers posed by idiosyncratic events.

Deluxe decline leaves CLOs feeling deflated

Invesco prices largest new CLO in three years
Invesco returned to the CLO primary market yesterday to issue its largest new money transaction in three years, according to market sources

Past returns: Unfinished business in CLOs
Five years ago in Creditflux we reported that DA Capital was looking for a way back into CLO management. The firm had sold its four US CLOs in 2011 to Citi Alternative Investments (now known as Napier Park Global Capital), but a rally had convinced the firm it was time to issue CLOs again. 

Invesco refinances 2016 CLO and moves to floating rate-only liability structure
Credit Suisse collapses fixed into floating tranches

Market goes green with envy at Invesco's tight Verde CLO print
Invesco marked its return to the CLO primary market on Friday with a $506.44 million new issue named Verde CLO

US CLO round-up: Golub orbits curve as managers double up
A breakthrough regarding Japanese risk retention rules ended last week on a high note for CLOs as the Japan Financial Services Agency has announed that CLOs can sit outside the remits of its securitisation regulations

Invesco to convert Canadian bond fund into global credit strategy
The new Invesco Active Multi-Sector Credit Fund will have a global multi-sector approach

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Invesco resets 2016 CLO via risk retention fund
Invesco priced a $410.05 million reset of 2016’s Annisa CLO on Friday

Invesco prices second new issue CLO of the month
Invesco’s new issue CLO volumes for the month passed $1 billion yesterday as the manager priced a second deal 

CLO b-wic line-up: $97.5 million of amortising triple As go on sale
$396.1 million worth of notes are up for grabs today in the US secondary CLO market

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

US CLO round-up: managers find short-dated resets are the way to go
Short-dated resets are popular right now - as are single B tranches

Invesco prices triple As at 108bp in new US CLO
Invesco produced a new US CLO yesterday via Morgan Stanley, according to market sources

Invesco raises $150 million for distressed debt fund
The vehicle, which has a $500 million target size, has raised a total of $146.18 million capital commitments, according to SEC filings

US manager plans debut 2.0 European CLO, six years after selling 1.0 deals
A large US CLO manager is warehousing its first 2.0 CLO in Europe

Invesco resets 2016-vintage Upland CLO
The US CLO market welcomed its 77^th participant of the year yesterday

Investors rush to get a seat the table as Invesco prices CLO triple As at 114bp
Invesco has issued a CLO with some of the tightest liability pricing seen this year

Invesco prices $435 million refinancing of 2015 CLO
Invesco priced its fifth CLO transaction of the year on Friday according to market sources

Invesco prices its first new issue CLO of 2017
The manager has returned to the US CLO market after six months by pricing its first new issuance CLO of 2017 yesterday

Manager opts for second helping of Barclays' CLO arranging skills
A CLO manager has opened a new rated warehouse line with Barclays after working with the bank for the first time last year

CLO refinancing volumes pass $16 billion as Invesco prices
Invesco surpassed $1 billion in 2017 CLO refinancings earlier today, pricing a $407 million deal