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

For the right managers, CLOs are now perma-caps, conference hears
Should the market now treat CLOs as evergreen structures? A panel of CLO investors says yes, you can think of CLOs as quasi perma-caps – but only for the best-managed deals

B-wic round-up: it's never too late to buy CLO equity
Secondary CLO market trades from the last week show that investors feel there is value in legacy CLOs where the call options have already been exercised and the debt repaid

CMV prices another dual-compliant US CLO
A capitalised manager vehicle priced a $534.2 million new issue CLO yesterday

ICG teams up with originator to overhaul 2014 CLO
Credit Suisse yesterday carried out a reset of ICG’s St Paul’s CLO V which not only gives the European CLO a brand new capital structure but also overhauls the way it complies with risk retention rules

Napier Park completes its refi business after pricing Regatta IV
Napier Park Global Capital has refinanced Regatta Funding IV, which means that the CLO manager has now refinanced all of its eligible deals

Two 2014 US CLOs bring triple As down close to 100bp
Two similar vintage deals were refinanced yesterday with similar results, at least in terms of their triple A pricing

JP Morgan kicks off May's primary market with two US CLOs
JP Morgan kicked off May’s CLO primary market yesterday, pricing two new issue CLOs in quick succession.

Funding costs fall sharply as Napier Park refinances step-up CLO
Napier Park Global Capital has priced a refinancing of its 2014 vintage CLO, Regatta V Funding

Napier Park caps busy 2016 with $417 million CLO reset
Napier Park Global Capital has become the latest US CLO manager to price a reset, according to market sources.

BNP Paribas prices manager's second dual-compliant US CLO of 2016
Napier Park Global Capital priced its second CLO of the year late on Friday, according to market sources

Napier Park turns to new arranger for its second dual-compliant US CLO
Napier Park Global Capital is in the market with its second new issue CLO of the year, according to market sources

Napier Park prices its first CLO to be managed by new CMV
Napier Park Global Capital has launched its first CLO since October 2014, pricing a $411 million deal on Friday afternoon

Napier Park prepares first dual-compliant CLO after launching new CMV
Napier Park Global Capital is in the market with its first US CLO since October 2014, according to market sources

Napier Park urges investors to call its 2006 CLO for 20% IRR
Napier Park Global Capital is gearing up for its first 1.0 CLO redemption, according to an investor notice seen by Creditflux

CLO manager triumphs after smashing past equity distributon target
A CLO launched by Triumph Capital Advisors has triggered an early incentive fee to the manager

Structured hedge fund manager calls 2005 CLO
A legacy American Money Management CLO is set to be redeemed in December, according to an investor notice seen by Creditflux

Another Napier Park CLO pays out big to equity on first payment date
Regatta IV Funding made its first distribution on Monday, paying 30%+ annualised to the subordinated notes.

Napier Park CLO makes strong return on first payment date
Regatta III Funding, a $492 million CLO which priced in February, made its first payment to subordinated noteholders on Wednesday

Napier Park prices third CLO of 2014
Napier Park has priced Regatta V Funding, a $514.5 million CLO featuring three double-A tranches

Napier Park prepares its third CLO of 2014
Regatta V Funding is currently being marketed as a $516.6 million deal

Napier Park 2014 CLO trades up in secondary market
A 2.0 CLO buyer was looking to cash in on a selection of 2013 and 2014 vintage bonds as part of a $55 million b-wic

Credit hedge fund hires CLO specialist from Citi in New York
Credit hedge fund manager strengthens its structured products team with hire of Citi researcher

Major CLO equity investor takes reserve role in new Triumph CLO
Less than three months after pricing its debut CLO, market sources say that Triumph Capital Advisors has printed its second CLO