CLOs face losses as Constellis loan drops to 28.5
32 CLO managers hold $640.4 million of Constellis Holdings’ debt, which Moody's downgraded to C after the company missed an amortisation payment due 31 December

Carlyle hires CLO investment specialist to structured credit team in New York
Carlyle Group has added to its CLO investment team after losing its co-head of global structured credit at the end of last year

Carlyle matches 2018 US new issue CLO volume with fourth deal of 2019
Carlyle Group completed its fourth US new issue CLO offering of the year on Friday, according to market sources

CLO tranche investor leaves Carlyle after 12 years
The New York-based co-head of global structured credit has parted ways with Carlyle, sources say. The firm is understood to have appointed a replacement in London

CLO pipeline: ESG, risk retention and secondary loans come to the fore
Managers new and old are trying different strategies and structures to price their latest deals    

US CLO round-up: Fed up of waiting
The US CLO market made a bright start this year, but 2019 now lags 2018 and 2017 after a weak August checked its momentum. This has left some pinning their hopes on a favourable outcome to the US Federal Reserve meeting this week, amid political overtures to up its game in the wake of the European Central Bank's stimulus package

Carlyle prices its largest CLO transaction of 2019
Carlyle Group yesterday returned to the primary market with its largest CLO transaction of 2019, according to market sources

CLO pipeline: Carlyle and KKR plan swift re-entries
Carlyle Group and KKR are included in the CLO pipeline this week as both managers have started marketing their latest transactions as the US CLO pipeline begins to look full after a quiet week

14% of 2016 CLOs left waiting amid refinancing wave
One of the most prominent CLO market trends this year is the relative decline of the refi compared to previous eras, as wider spreads make these often costly transactions less economical. But one vintage has stood out as an exception: CLOs issued in 2016 have driven 65% of refi activity this year

Market rallies as key CLO investor retreats

Carlyle teams up with Morgan Stanley to reset post-reinvestment CLO
Carlyle Group priced its ninth CLO transaction of the year on Friday, becoming the second manager after PGIM to achieve the feat

Mid market CLO league tables: Natixis and Golub reign supreme
June brought just three middle market CLOs pricings with two new issues and one refinancing that totalled $1.6 billion, bringing the year-to-date volume to $9.9 billion. Natixis is the leading arranger, having a hand in 38% of deals

Carlyle scores 2019's tightest CLO triple A as it prints via BAML
Carlyle Group has priced the tightest triple A print in the US CLO market of 2019, according to market sources

CLO pipeline: new business and manager returns add ray of light as arbitrage clouds the picture
The near-term CLO pipeline is shrinking amid familiar cries that the equity arbitrage is challenging. Adding to constraint fundamentals, the usual summer torpor is also approaching.

Carlyle places triple As at 134bp in $463.05 million US CLO reset
Carlyle Group has reset a 2015 vintage CLO with the triple A notes printing at 134 basis points over Libor, according to market sources

Global b-wic round-up: US CLO equity continues its surge
Last week marked the third straight week that the US CLO secondary market has seen total listings of under $600 million, but over a quarter of that was equity.

Sungard bankruptcy to cause minor burns for CLOs
A total of $202.5 million of the loan basks in CLO structures - but managers are unlikely to get badly burned, sources say. And CLOs are fairly well-positioned to retain such assets with several structural factors and indenture provisions

Mid market CLO round-up: Owl Rock perches in the CLO space with debut deal
There was a flurry of activity in the middle market CLO space last week

Carlyle and PSP join forces for mid market CLO
Middle Market Credit Fund - a joint venture between Canadian pension fund PSP Investments and Carlyle Group - priced its second middle market CLO

Carlyle resets 2012 CLO for a second time in $615 million deal
Carlyle hits the market with its second reset of the year

Controlling class conditions unshackle CLO managers
CLO managers are looking to the future by incorporating ‘controlling class conditions’ in their CLO documentation, which kicks in if an anchor triple A investor exits their deals

We can’t hide it any longer, we’re tiering up
With the opening months of 2019 highlighting a clear class system among CLO managers, there has never been a better time to assess tiering. We find that timing, patience and luck all play a role

Carlyle leads CLO count as it prices third deal of year
With US CLO 2019-1, Carlyle prices its first new US deal after a reset and a new issue in Europe 

Carlyle performance dips in Q4, but credit teams ride global volatility
Credit fund performance dipped for the Carlyle Group in the fourth quarter, as market volatility and fund outflows put a dent in the industry’s much stronger performance of the previous three quarters