US CLO round-up: Voya print stands out as spreads disperse
There has been a fair bit of spread dispersion within the CLO market over the last few days with deals pricing up to 11.1 basis points apart when it comes to triple-A financing costs

Ares prices 2018's second largest CLO with $1.3 billion reissue
A California-based CLO manager priced the second largest CLO transaction of the year yesterday via Barclays

California manager prices its fourth CLO transaction of the year
The manager priced a $516.63 million reissue via Deutsche Bank

Ivy Hill prices first billion-dollar mid market CLO of 2018
The Los Angeles-based firm issued its first new middle-market CLO in almost 12 months on Friday

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.

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

US CLO round-up: triple A notes come in all different shapes and sizes
CLO triple As priced at varying levels this week with an 8.5bp gap between the tightest and widest prints

Ares opts for senior and junior triple A notes as it prices new US CLO
Ares priced its first new CLO of the year in the US market yesterday, which scored the second tightest triple A spread

Price talk tightening suggests next Ares CLO could set new record tights
Price talk has tightened significantly on Ares Management's forthcoming new issue CLO, suggesting the deal could be on course to set a new record spread

Ares prepares its first new issue US CLO of 2018
Ares Management is issuing its first new issue CLO in the US market of 2018 in a $713 million transaction

US five-year CLO reset spreads break 100bp barrier
US CLO reset spreads reached new tights yesterday as Ares Management restructured one of its 2015 deals

Ares plans to reset 2015 CLO, according to presale reports
Ares Management is preparing to reset one of its 2015 CLOs according to reports from Moody's and Standard and Poor's

Ares switches to C-Corp structure as it announces "record year" in earnings release
Ares has announced a change to its corporate tax status in an earnings release that described 2017 as “a record year” for the firm

Ares prices new issue US CLO with funding costs of just 1.4%
Ares has priced its 14th CLO transaction of the year, known as Ares XLVI

California CLO manager markets its fifth new CLO of the year
A west coast manager is planning its fifth new CLO of the year and has hired Morgan Stanley to arrange the deal

Ares prices triple As at 117bp in $658 million US CLO reset
Ares priced its 11th transaction in the US CLO market yesterday

Partner leaves Ares's credit group after almost 20 years at the firm
A former fund and CLO portfolio manager, who had spent the last couple of years working in a business development role, has left Ares's Los Angeles offices    

Ares backs Carlyle with new CLO equity investment
Ares Management has emerged as a key equity investor in Carlyle Group’s most recent US CLO

Morgan Stanley gets busy in the US CLO primary market
Morgan Stanley’s team was busy in the US CLO primary market yesterday, pricing not only the refi of a large 2015 CLO, but a third new deal of 2017 for one of the market's biggest managers

Wealth manager bumps up allocation to new Ares structured credit fund
A wealth management firm has increased its allocation to a structured credit fund that is being raised by Ares with a $500 million target

Combo notes return as Ares prices $1.1 billion CLO
Ares Management has produced one of the largest CLOs of the year after pricing Ares XLIV CLO (or, Ares 44 CLO)

CLO investor trades out of low-coupon Ares triple As
A $30 million slice of the triple-A tranche of Ares XXVI was sold on Friday with market sources claiming that the stake sold above par with a cover of 100.05

Ares and KKR score five-year resets for US CLOs
Amid a burst of US CLO new issue activity, Friday saw two relatively rare five-year resets

Ares wins $1.1 billion in global direct lending SMAs in strong start to 2017
Direct lending proved to be Ares Management’s most successful strategy in fundraising terms with the firm registering $1.1 billion of inflows for European and US private debt in the first quarter

Ares matches tightest triple-A print of the year as it prices new CLO
Ares Management has priced an $818 million CLO, according to market sources, securing a triple-A print of 122bp over Libor