Credit Suisse registers €1 billion euro CLO issuance in October as Partners prices
October European CLO issuance stands at just over €2.7 billion, the largest monthly volume since the March sell-off

Euro CLO round-up: fluctuating spreads give mixed signals
Last week was one of the European CLO market’s busiest since the coronavirus crisis began, as four managers brought new deals to market – adding €1.35 billion

Global CLO b-wic round-up: CLO mezz tranches widen amid macro concerns
Last week was busy for the primary European CLO market but not for secondary, with €1.35 billion of new issue European CLOs priced across four transactions but just €190 million of European CLO paper listed in b-wics

Four-year CLOs return to Europe as CBAM makes breakthrough
Citi returns to the European CLO market after a six month hiatus, while CBAM delivers Europe's first four-year CLO post covid

Global CLO b-wic round-up: CLO lower mezz tightens while equity investors strive for duration
A large supply of CLO paper flooded the secondary market last week as $1.5 billion of US CLO bonds and €370 million of European CLOs were listed, according to CLO-i

Five Arrows prices same-day CLOs in US and Europe for first time
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history

Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further).

PGIM resets European CLO to cross €2 billion in 2019 issuance
PGIM reset its 2015 European CLO today, Dryden 35, via Goldman Sachs. It takes the PGIM’s 2019 European CLO volumes pass €2 billion

Global CLO b-wic round-up: Junior mezz covers return while triple A supply drives big week
Narrowing of the bid-ask gap that has plagued junior mezzanine tranches could bring a change of fortunes in the US CLO secondary market 

CVC issues its third 2019 CLO in Europe
CVC Credit Partners joins an exclusive club of managers with its third new European CLO of the year. Like GSO Capital Partners and BlackRock in recent weeks, CVC priced its triple A bonds at 90 basis points

Los Angeles pension appoints four managers for private credit mandate
Los Angeles City Employees Retirement System (Lacers) has awarded four contracts for a $670 million private credit mandate search, according to minutes from the July investment committee meeting.  

Global CLO round-up: it's time to rethink benchmarks
The CLO market broke out of holiday mode last week by presenting strong issuance on both sides of the Atlantic - $2.8 billion in the US and €1.6 billion in Europe. High volumes have brought with them bigger shifts in market dynamics. This week put the focus on tightening spreads, as benchmark triple A levels dipped.

Euro CLO round-up: benchmark ruffles up, but junior tranches sit tight
CLO triple A benchmark levels underwent a shake-up last week as Credit Suisse Asset Management and HPS Investment Partners brought deals to the market with first-pay tranches printing above the recent benchmark of 108.5 basis points

Global CLO round-up: 15 months to one month - managers set their own pace
Three new US CLOs priced this week courtesy of; Seix Advisors, via BNP Paribas; Kayne Anderson, via Goldman Sachs; and Steele Creek, via RBC. In Europe, Oaktree Capital Management paired with Barclays to price Arbour CLO VI.

Los Angeles pension to shortlist managers for private credit mandate
Los Angeles City Employees’ Retirement System (LACERS) is set to short-listed six firms as semi-finalists as part of a $670 million private credit mandate.  

Euro CLO round-up: largest managers brave primary market amid regulatory squeeze
Two seasoned European CLO managers stepped into the primary market to price new issue deals amid a period of uncertainty as the Securitisation Regulation put forth by the European Securities & Markets Association (Esma) beds in

Carlyle prices Europe's second CLO of the year as triple As stick at 108bp
Carlyle Group has priced Europe’s second CLO of 2019, following a €409.1 million transaction arranged by BNP Paribas

Five Arrows prices new European CLO via Morgan Stanley
Five Arrows has returned to the new issue CLO market, pricing its first transaction of the year with triple As at 82 basis points

CLO b-wic line-up: middle market positions trickle into secondary market
CLO b-wic lineup: middle market positions and blast of double Bs flood the market

CLO b-wic lineup: junior debt in Columbia CLO goes under the hammer
From triple A notes down to the equity, a bit of everything is up for grabs today

European CLO round-up: Carlyle and Investcorp share reset record
Much like its counterpart in US, the European CLO market is off to a speedy start with two resets and a refi – generating total volumes of €1.5 billion

European CLO spreads grind tighter as Carlyle prices with triple As at 73bp
The manager priced its first CLO transaction of the year on Friday, according to market sources

Direct lending leverage takes off
HPS, NXT and Crescent target mid market with leverage in Q4. By Grace Jennings-Edquist

CLO round-up: number of US managers unfazed by risk retention hits 70
It says a lot about the CLO market this year that a week in which $1.6 billion of new issue paper prices qualifies as a 'quiet' week. Our analysis finds that 70 managers have priced new US CLOs this year - a 52% increase on 2016

Marathon leads the pack to top US CLO performance tables
Recently refinanced CLOs top our ranking of the deals with the highest equity distributions over the last week with Marathon Asset Management leading the way