15 CLO managers aim to print European deals as 'aspirational pipeline' forms
European CLO market participants are doubtful the pace of issuance will return to full swing in September, despite a reasonably healthy forward-looking pipeline.

Secondary CLOs stand firm as credit markets take a hit
Macro weakness is seeping into credit with CDS indices gapping wider and US loans suffering a setback after dropping below 95 points this week. Traders say the CLO secondary market has reflected this turn in sentiment, with did-not-trades racking up – although spreads have held up better than other parts of the credit market

Onex opts for four years of reinvestment on latest US CLO
Onex Credit Partners priced a new CLO on Tuesday named OCP CLO 2022-25, opting for a four-year reinvestment period on the $364.9 million transaction

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit  

Investors approve CIFC European CLO key person replacements
Control investors in CIFC CLOs have approved the two key person replacements for Dan Robinson and Damien Mount, proposed by the firm last month

CLO official takes top role as Onex announces new credit leadership
Onex Credit Partners has announced a new leadership structure with two co-heads of credit replacing the CEO that left late last year. One of the promotions is an experienced CLO official 

Onex points to "variety of personal and market" reasons as it addresses CLO exodus
Onex Credit Partners has responded to questions about the stream of professionals that have left in the last few months

CLO PM joins Ellington as it seeks expansion in credit and 'vanilla' CLOs
Ellington Management is pushing into corporate credit in a move which could culminate in launching US CLOs, sources say. 

Silver Point hires experienced credit trader
Silver Point Capital has hired an official well-versed in CLOs 

Onex promotes European CLO PM following Daly's departure
Another portfolio manager will step up to take responsibility for the Onex Credit’s CLOs following lead PM Conor Daly’s departure

CIFC fills key European CLO PM role
CIFC Asset Management has hired a European CLO portfolio manager

Junior debt investors gain seat at Euro CLO negotiation table
CLO documentation and structural negotiations are no longer limited to triple A noteholders and majority equity investors in Europe

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Onex surpasses $500 million target for CLO investment strategy
Onex Corporation has finished fundraising for its latest CLO investment vehicle named Onex Structured Credit Opportunities Fund, surpassing its $500 million fundraising target

AMMC and Onex new CLOs add to bumper $2.4bn day for US issuance
American Money Management Corporation and Onex Credit Partners each priced a new CLO on Wednesday, part of a bonanza day for the primary market that brought $2.4 billion of new CLO issuance

US CLO portfolio manager to join Onex
Onex Credit Partners has moved quickly to fill the void left by the departure of its head of US CLOs

Marathon changes pace with rival's head of US CLOs set to join
Marathon is bringing in a senior portfolio manager from another CLO issuer

Credit Suisse braves market turmoil to print CLOs for Nuveen and Onex
Credit Suisse has maintained its CLO issuance amid market turmoil by printing transactions for Onex Credit Management and Nuveen Asset Management

Three new deals bring weekly US CLO reset volume to $3.9 billion
Three US CLO resets priced on Thursday, bringing weekly reset volume for the week to $3.9 billion across eight transactions

You wait a month for a new European CLO and two come along at once
Guggenheim Investments and Onex Credit kicked the European CLO new issue market into gear on Wednesday

Marathon sees value in Sofr CLO tranche over fixed-rate option
Marathon Asset Management stole a march on other CLO issuers by including a Sofr tranche as part of a new issue transaction on 10 November via Bank of America. Officials at the company say the Sofr tranche makes a compelling alternative to a fixed-rate tranche

Market ponders Sofr spread adjustment amid investor lag
The CLO market is waving goodbye to Libor as a benchmark rate and transitioning to alternatives for the first time in the history of the asset class. But there is no consensus as to what the Sofr spread adjustment should be, and some of the largest buyers are said to be slow to consider the impact of a benchmark transition

Unique Onex CLO draws in ABS crowd with replenishment structure
Onex Credit Partners struck a compromise between debt and equity investors last week when it created the first CLO to feature a replenishment period, according to market sources. Creditflux analysis of the CLO's execution suggests it was well recieved. 

Onex issues rare short-dated CLO structured with replenishment period
Onex Credit Partners has issued an unusual short-dated CLO that utilises a replenishment period as opposed to a reinvestment period

US CLO pipeline: Carlyle and Blackstone aim for CLO-a-month 2021 as BlackRock goes for baker's quadruple
The Thanksgiving holiday has not dampened the US CLO market’s appetite as a flurry of deals are set to price in the next couple of weeks. That includes 18 new deals, 11 resets and seven refinancings in the US