Wyoming, Texas among state systems making new private credit commitments – Public Pensions, Private Pursuits
Wyoming invests USD 300m in TPG AG and Kennedy Lewis private credit funds, and Texas pension system invests USD 250m in Penfund, SKY Leasing direct lending funds

Onex soars past USD 3bn of US CLO issuance in 2025 with latest offering
OCP CLO 2025-42 is the manager’s seventh US deal of the year

Voya upsizes November European CLO print with tap issue
Voya has increased the size of a new European CLO it priced in November by 37.5%, to just under EUR 562m  

Northwestern Mutual resets, downsizes its inaugural CLO
Northwestern Mutual last week printed a reset of US BSL-backed 720 East CLO 2022-I, reducing the equity in the deal by USD 15.80m

Elmwood resets 2021-vintage US BSL CLO
Elmwood has reset a 2021-vintage US BSL CLO with a large triple-A-rated loan via Wells Fargo

Monroe Capital prices its first middle-market CLO of 2024
Monroe Capital Management Advisors' latest middle-market CLO has priced, falling just short of the tightest such AAA spread of the year

Bank of America prices three CLOs in a day
The bank managed to make the triple with a new CLO for Octagon, a reset of a 2022 vintage deal for Voya, and a highly unusual partial refi of a static CLO for Marathon

Anchorage upsizes and targets this afternoon for Euro CLO pricing
Anchorage Capital is looking to price its European CLO this afternoon

Partners Group looks to join issuance surge with Euro CLO
Partners Group is bringing its second new issue CLO this year

Capital Four prints two-year ESG European CLO
Capital Four has become the latest European CLO manager to print a short-dated new issue, with JP Morgan arranging the €351.6 million deal, named Capital Four Euro CLO IV

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

Mezz narrows as CVC prices tightest Euro CLO since February
CVC Credit Partners has priced its latest European CLO with the tightest funding costs since mid-February

Oak Hill reset highlights CLO spread widening
Oak Hill Advisors has priced its third US CLO reset of 2021, with the deal's triple A notes yielding 115 basis points over Libor

Global CLO b-wic round-up: US lower mezz trades strong, but European piece softens
CLO investors have had no chance to catch their breath after a historic 2020 as US CLO secondary volume reached $3.3 billion and European secondary listings topped €1 billion in January

Global CLO b-wic round-up: junior tranches trade above par as US volumes reach $45bn
A busy week of over $1.4 billion of US CLO secondary bonds and €290 million of European CLO paper gave light to CLO spreads across the capital structure continuing their push towards pre-covid levels

CIFC prices tightest four-year euro CLO since covid sell-off
CIFC Asset Management priced the tightest European CLO with four years of reinvestment post-covid on Thursday, teaming up with Barclays to issue the €368.8 million deal named CIFC European Funding CLO III

Beneath the triple C: downgrade rate slows as $8 billion of CLO loans tumble
May offered some respite to CLO portfolios as corporate downgrades to triple C were reduced heavily - affecting just $6.67 billion of US CLO paper and €1.09 billion of European CLO portfolios

Beneath the triple C: April showers send buckets overboard
Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market

US loan trading: CLO managers flee Acosta but gorge on Buckeye
Loan holdings in October gave CLO managers a taste of the good, the bad and the ugly: they feasted on Buckeye, fled Acosta, and could not get rid of Deluxe   

European CLO volumes reach €10 billion in 2019 as PGIM prices
The deal also features three fixed-rate tranches 

CVC prices new US CLO at tight-end of price guidance
CVC Credit Partners upsized Apidos XXXI CLO to $634 million from $604 million as Goldman Sachs priced the deal inside price guidance

CVC edges closer to pricing US CLO
After wading around the European market, CVC turns its eye to the US CLO market

Ellington goes for two-year reinvestment period as it prices CLO
Ellington Management priced a $478.5 million CLO via Barclays on Friday, continuing its strategy of selecting portfolios with high tolerance of triple C-rated loans

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 

Octagon's quick-fire start to 2019 continues as it plans another CLO reset
Octagon hits the US market with another reset