Carlyle overtakes Blackstone for 2021 US new issue CLO volume
Carlyle Group has overtaken Blackstone Credit for 2021 new issue CLO volume after teaming with Goldman Sachs to issue Carlyle US CLO 2021-5 on Wednesday

CLOs bask in 'golden period' as industry approaches $1 trillion market cap
The economic rebound following the reopening US economy has created a 'golden period' for the CLO market, market participants say

Carlyle hires head of credit investor relations in New York
Carlyle Group has hired an ex-Pretium official to lead investor relations for its credit platform

CLO pipeline: US market on track for June boom
CLO issuance is set to boom in the coming weeks with the pipeline ballooning as the market looks ahead to June

Carlyle joins spate of managers to score sub-100bp CLO triple A prints
Carlyle Group became the fourth CLO manager this week to score a sub-100 basis point CLO print after refinancing a deal's triple As to 98bp over Libor

Woah, we’re halfway there
Judging by the 2020 vintage, European CLO overlap is 50%. But varied approaches to holding bonds and the many loans managers turn down mean there are ways for issuers to outperform

Carlyle resets post-reinvestment CLO from 2016
Carlyle Group has reset a 2016 CLO six months after it left its reinvestment period

Global CLO trading lab: secondary volumes inflate and easily get absorbed
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice

CLOs wheel and deal as overlap increases
2020 CLOs are a different breed to any other vintage. But this cohort features an overlap of almost 40% as CLO issuers have been forced to focus almost entirely on secondary market loans

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Carlyle first to four new US CLOs in 2021
Carlyle Group became the first CLO manager in 2021 to print four new issue CLOs in the US

CLO pipeline: expensive 2019 CLOs in vogue with 32bp savings potential
The CLO pipeline is dominated by refinancings and resets, with new issuance taking a backseat

Weekly refi volume passes $5 billion as five CLOs price
Another $2.06 billion of CLO refinancings priced in the US on Friday, bringing the weekly total to over $5 billion

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

Carlyle becomes latest CLO manager to issue enlarged triple B tranche
Carlyle Group has joined the small but growing group of US managers to issue a CLO with a thick triple B-rate tranche, according to market source

Past returns: Highland sells European CLOs at second attempt
In Creditflux 10 years ago, we reported that Highland Capital Management was offloading its European CLOs, with Alcentra and Barings among the frontrunner

CLO pipeline: US adds deals at frenetic pace as Europe catches breath after record start
US CLO investors have numerous deals to consider with 13 new issues and 15 repricings being prepared to flood the market in the coming days

Waiting for afters
Day one arb remains important, but last year there were opportunities aplenty in the secondary market, which put the onus on printing CLOs and waiting for the day after non-call periods expired

Carlyle brings 2021 US new CLO volume to $1.14 billion with tightly priced deal
Carlyle Group priced its second new US CLO of the year on Friday, teaming up with Citi to place the $508.8 million Carlyle US CLO 2021-2

Carlyle pushes tighter with US CLO partial refi
Carlyle Group has tightened pricing on four tranches of a 2017 CLO with a partial refinancing, adding to a flurry of activity by the manager in recent weeks

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks

Carlyle holds first close on opportunistic credit fund amid 2020 'record fundraising'
Carlyle Group has held an initial closing on its second opportunistic credit fund amid a record credit fundraising year for the firm

It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter
“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018

Carlyle scores tightest CLO triple A print since 2018
Carlyle Group has priced a new record triple A spread on its latest deal at just 114 basis points over Libor, a full 5bp inside previous market tights

Global CLO league tables - November 2020 YTD
Global CLO league tables - November 2020 YTD