Churchill adds new private credit CLO to roster
While most market attention in recent weeks has been on the BSL side of the ledger, Churchill announced the pricing of a new USD 298.06m middle market transaction on Friday, the third CLO from Nuveen Churchill Direct Lending Corp and its first of 2024

Wells Fargo delivers new BSL CLO for Post
Post Advisory Group, which has priced one CLO in each of the prior three years, returned to the primary market on Tuesday for the first time in 12 months with details of its latest deal, a new-issue US BSL valued at USD 403.98m

Now we're at 150bps as new US BSL CLO prices
GoldenTree Asset Management has become the first manager to hit a 150bps spread on a new non-static US CLO since the first half of 2022, with its pricing of GoldenTree Loan Management US CLO 19

Blackstone prices BDC CLO
The past few days have seen a bevy of action in the middle market CLO space – alongside Barings’ double deal and the new Athena II CLO from Blue Owl, Blackstone priced its first offering in the private credit space, with an upsized USD 492.665m transaction.

Palmer Square keeps the deals flowing with twelfth CLO this year
Palmer Square has priced its seventh US transaction of 2023, a new US BSL CLO arranged by Wells Fargo and called Palmer Square CLO 2023-3

Barings prices two deals in a day
In a highly unusual move, Barings yesterday priced two middle market CLOs, worth a combined USD 862.15m, within hours of each other

GoldenTree goes short for latest US CLO reset
GoldenTree has become the latest manager to throw its hat into the reset ring, with a short-dated reset of a 2022-vintage US transaction, GoldenTree Loan Management CLO 16, that priced last week

Goldentree prices CLO 18 with help from four banks
The latest new issue deal from Goldentree saw Morgan Stanley take the lead in a deal that also involved Bank of America, Wells Fargo, and NatWest Securities

Octagon 68 prices with triple As at SOFR +167.5bps
Wells Fargo arranged a new US CLO for Octagon Credit Investors on Friday

Katayma becomes third new entrant to the US CLO market this quarter
Katayma Credit Management became the third debut manager to price a US CLO this quarter thanks to a USD 402m deal arranged by Wells Fargo

New Mountain prices unusual rated feeder fund
New Mountain Capital has priced a tranched rated feeder fund, New Mountain Guardian IV Rated Notes, arranged by Wells Fargo

CIFC prices first middle market CLO
CIFC priced its first middle market deal last week through its direct lending affiliate LBC Credit Partners

Man GLG returns to US CLO primary with first new issue in two years
Man GLG returned to the US CLO primary market on Friday with its first new issue in over two years

Bain is back with first mid market CLO in four years
Bain Capital is back just two weeks after pricing their last CLO with a new US middle market CLO, the first for the Boston-based manager since 2019.

Japanese investors and ETFs bid up CLO triple As as US banks cool off
CLOs saw healthy demand from Japan in the first three months of the year, with Japan Post Bank and Norinchukin each increasing investments in the asset class. Japan Post’s CLO holdings stood at JPY2.3 trillion ($17.51 billion) as of 31 March, an increase of $550 million in the quarter and up 32.7% on the year prior. Nochu added $110 million to JPY6.4 trillion ($48.2 billion), or 13% of the bank’s investment portfolio.

Mid market league tables: Golub and Natixis team up to lead in issuance as HPS debuts
Five mid market CLO managers priced in May for a combined $2 billion monthly issuance. This marked the fourth straight month when mid market volumes crossed $2 billion

Global CLO league tables - May 2023 YTD
Global CLO league tables - May 2023 YTD

Maranon prints its first mid market CLO of 2023
Maranon Management priced a new middle market CLO today at $405.8 million, according to market sources. Named Maranon CLO 2023-1

GoldenTree prints new US CLO with 2023's tightest triple A print
GoldenTree Loan Management priced a new CLO on Friday, securing the tightest triple A print of the year at 175 basis points

Mid market CLO league tables: AB crosses $1 billion and Natixis $2 billion to lead the way
Mid market CLO issuance in April was down for the second straight month with $2.15 billion pricing, compared to $3 billion in March and $3.5 billion in February

MidCap prints 2023's second-largest CLO to date
Apollo affiliate MidCap Financial priced a new middle market CLO on Friday that is the second largest primary market transaction of 2023

Biggest investors add to CLO holdings — but Japanese banks buy more than US-based rivals
Most of the biggest CLO noteholders in the banking world increased their investments in CLOs in the fourth quarter of 2022, but industry insiders say the momentum in early 2023 has been with Japanese buyers over US domestic institutions

Mid market CLO league tables: Serial winners Natixis and Golub return to the top
For the second straight month, there was over $3 billion of mid market CLO issuance in March

Nuveen goes short with latest new CLO via Wells Fargo
Nuveen Asset Management priced a new CLO on Tuesday, opting for a shorter structure with a three-year reinvestment period

Golub prices $1.4 billion CLOs in a single day
Golub Capital Partners priced two CLOs on Thursday worth a combined $1.4 billion in the biggest day of primary activity for a single manager so far in 2023