Fortress goes for longer tenor as CLO spreads widen
Fortress Investment Group has priced a new US CLO with a four-year reinvestment period and pricing at the wider end of recent issues

US CLO pipeline: $100bn new issue mark about to be surpassed
Seven US CLO managers join one holdover in the new issue US CLO pipeline this week, as the market bears down on $100 billion of new issuance in 2022

Fortress goes short with new three-year reinvestment CLO
Fortress Investment Group priced a new CLO via Natixis on Thursday, opting for a short three-year reinvestment period

Mid market CLO league tables: Natixis extends lead with two new issues but SocGen stays close
Of the three mid market CLO new issues that priced in August, market leader Natixis arranged two of them to put some breathing room between it and its nearest rivals

Fortress adopts unusual triple A debt structure on latest mid market CLO
Fortress Investment Group priced a new middle market CLO on Wednesday with an unusual triple A debt structure

US CLO pipeline: like a (Center)bridge over troubled water
A large asset manager is marketing its first US CLO at a time of volatility in the underlying loan market. Whereas other funds build walls, CLOs build bridges 

LP round up: 28 credit managers win $6.6 billion as San Diego carves private credit allocation
Pensions allocated over $6.6 billion to credit managers in June including Angelo Gordon, Antares, Apollo, Ares, Beach Point, BioPharma, Brookfield, CarVal, Cerberus...

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

US CLO league tables: Blackstone gets back to business as it rises to the top
Blackstone is no longer the largest CLO manager globally (it lost that title in March). But it is the most prolific issuer in 2022 

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

Fortress prices widest CLO triple As of 2022, but that's no obstacle
CLO triple As reached 162bp on Friday as Fortress priced a US deal. The firm has priced wide CLOs before, but that has not held it back from producing some of the best equity distributions in the industry 

Former JP Morgan CIO head of CLO investments lands at big asset manager
An experienced CLO investor, known for buying triple A rated CLO paper for over a decade, has landed at an asset management firm

US managers eye growth potential in European CLOs
The legion of European CLO managers is set to grow this year, with US issuers harbouring ambitions to become global players in the CLO business.

LP round up: two CLO funds win support as Cali pensions home in on private credit
Two investors revealed allocations to European and US CLO funds, private credit allocations increases and private credit consultant searches get underway

Global CLO league tables - January 2022 YTD
Global CLO league tables - Jan YTD

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

CLOs at a glance (February 2022)
A listing of CLOs that have priced in the last month

I’ll see your 2020 and raise you 2021
Discounted loans, Libor floors and bond flexibility helped make 2021 an even better year for CLO returns than 2020, as US CLOs distributed 15.54% and European CLOs paid 13.93% annualised

Fortress prints first Sofr-linked middle market CLO
Fortress Investment Group has priced the first middle market CLO with liabilities linked to Sofr

Fortress pushes first post-Libor middle market CLO
Fortress Investment Group is marketing a new CLO via Deutsche Bank, which is understood to be the first middle market CLO to launch referencing Sofr

CLO primary pause ends as Fortress prints first deal of 2022
Fortress Investment Group has priced the first CLO primary market transaction of 2022

Fortress creates super-secure triple As in $1.77 billion mid-market CLO reset
Fortress Credit Partners has reset a $1.77 billion middle market CLO in the second-largest CLO transaction of the year. The CLO features an unusual triple A debt stack

Fortress prints its fifth and largest CLO of the year to date
Fortress Investment Group has priced its fifth and largest CLO of 2021 to date, bringing its issuance volumes for the year to $2.4 billion

CLO pipeline: Carlyle unstoppable as PGIM looks to tighten double As
The CLO machine is refusing to slowdown, churning out deals as the US market is set to welcome a flurry of deals in the coming weeks – with 18 new issues, 14 resets and 10 refinancings in the marketing stage.