GoldenTree snaps up global award... again
Last year, GoldenTree was named Creditflux Global Manager of the Year. This year it repeated that achievement — but it also swooped for our US manager of the year and closed-end fund awards

Fidelity tightens up with first Euro CLO reset of 2025
The repricing set a new year-to-date triple-A tight for European resets of Euribor plus 123bps  

Fidelity prices Euro CLO offering, continuing a parade of December resets
Fidelity has repriced a deal originally issued by MeDirect Bank in 2019, arranged by JPMorgan  

Fidelity Investments buys Fidelity International’s European CLO platform
Life has become a little simpler for CLO investors, as the two different Fidelity CLO platforms combine into one manager

Fidelity prices new European CLO with triple-As at 131
Fidelity Investments priced its Fidelity Grand Harbour CLO 2024-1 yesterday at a new record year-to-date triple-A tight.

Fidelity markets new European CLO that would match YTD tights
Fidelity is marketing a new issue European deal with the triple-As poised to equal year-to-date tights, suggesting prints in the 130s are becoming ‘the new normal’

Fidelity launches first European direct lending fund
Fidelity International has launched its first direct lending fund in Europe with a loan to Dutch dental services firm Clinias Dental Group 

Fidelity markets Euro CLO via Morgan Stanley
NatWest Markets has secured another co-placement agent role, as Fidelity markets its latest new issue European CLO

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

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

Euro CLO league tables: Goldman Sachs, Fidelity and Tikehau enter fray as Jefferies extends lead
Four European CLO managers braved the market in August to price a new issues, the same number as August 2021

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

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

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

Fidelity appoints former CVC official as global head of private assets solutions
Fidelity has hired from CVC to a newly created role of global head of private assets solutions, following the expansion of its private credit businesses earlier this year

Fidelity breaks through with Article 8-aligned European CLO
Fidelity International has paired with Barclays on its first new issue European CLO since lifting out and onboarding MeDirect’s leveraged loan and CLO team

Credit Fundraising: Private credit and CLO captive equity feature strongly as closes mount up
Credit funds have made a fair start to the fourth quarter, although the $21 billion raised during October is down substantially on September’s impressive record for 2021

Fidelity to add ESG portfolio test in Article 8-aligned CLO
Fidelity International has taken ESG scoring in the CLO market a step further by including a new ESG portfolio profile test on an upcoming European CLO

US CLO managers with eye on Europe opt for risk retention
The US CLO market celebrated as domestic risk retention requirements were overturned in February 2018, but issuers are increasingly taking down 5% of their CLOs voluntarily with a view to satisfying European risk retention rules

CLO pipeline: new issue becomes name of game with 14 managers preparing to price
Only $3.2 billion of CLO paper priced globally across all forms of pricings this past week. But the market looks to set to explode back into life with 14 US CLO new issues in the pipeline

CLO pipeline: busy year, so let's take time to reset
The US CLO market this year has been dominated by new issues and refinancings, but now is the time of the reset judging by this week’s pipeline

Asset management giant emerges as bidder for European CLO businesses
A large asset manager came close to adding European CLOs and direct lending to its product range with the firm emerging as a bidder on two asset management businesses

Fidelity steps into European CLOs with MeDirect deal
Fidelity International is breaking into European CLOs after striking a deal to acquire the CLO management team from MeDirect

CLO pipeline: managers prepare to end quarter with a bang
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer

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