It's all relative: CLOs march tighter as macro traders open positive CDS skews
Credit default swaps are back near where they started the year after giving up their early-February gains amid a rise in government bonds. CDS curves steepened over the past month and macro hedging has left indices trading with positive skews. But CLOs paint a calmer picture in which spreads have inched tighter  

Natixis scores CLO hat-trick with AB, OFS and Cerberus
The CLO primary desk at Natixis went on a $1.2 billion CLO spree on Friday, pricing deals For AB Private Credit Investors, Cerberus Business Finance and Orchard First Source

BlackRock scores biggest mid market CLO since 2018
BlackRock has teamed up with Barclays to print a second CLO backed by loans to middle market companies following its buyout of Tennenbaum Capital Partners in 2018

Credit manager prices second tech-focused CLO after 2.5-year break
Vista Credit Opportunities has priced its second ever CLO backed by loans to middle market companies in the technology sector

MidCap prints largest CLO transaction for 12 months with $1.2 billion reset
MidCap, the middle market affiliate of Apollo, has priced the largest CLO primary transaction in almost exactly 12 months, printing a reset of its huge $1.2 billion mid market CLO named Woodmont 2017-2

Direct lenders say coronavirus storm enables them to show benefits of bespoke lending
European credit managers are bracing themselves for setbacks after a new set of lockdown and curfew measures kicked off 2021 on the continent

Credit Rendezvous: heading for homes
Fund managers in structured credit, real assets and distressed are bullish on the prospects for residential housing in 2021. Elsewhere, niche royalty-based strategies are in favour and although a CLO repricing wave is expected, it may not be easy to execute resets. For more, read our 13-page quarterly report on credit. 

PennantPark wraps up 2020 with second mid market CLO via GreensLedge and Capital One
New York-based direct lender PennantPark Investment Advisers priced its second CLO in late December, teaming up once more with GreensLedge and Capital One to issue the $300.7 million deal

FS KKR resets 2019 CLO with single As the only tranche to tighten
FS Investments and KKR's business development company, FS KKR Capital Corp, has reset its sole CLO from 2019

Chicago-based manager returns with first CLO in over three years
A US CLO manager has returned to the primary market with its first new issue since October 2017

Owl Rock prices tech-focused CLO
Owl Rock Capital Partners has priced a rare middle market CLO backed by loans to companies in the technology sector

Three managers print middle market CLOs worth $1.3 billion
Three managers - Apollo affilliate MidCap, Cerberus, and Maranon - brought new CLOs to market backed by loans to middle market companies on Friday. Worth a total of $1.32 billion, the three CLOs account for 16% of 2020 mid market CLO issuance and 21% of total issuance post-covid

Investors search out illiquid credit for improved pricing
Credit investors are still trying to gauge appropriate pricing levels for smaller credit facilities in the tradeable credit space

Audax brings mid market CLOs under management to $1.5 billion
Audax Private Debt has brought its CLOs under management up to $1.5 billion after pricing its fourth new issue deal via Bank of America

Monroe saves 18bp with first ever mid market CLO repricing
Monroe Capital has shaved just over 18 basis points off a 2018 middle market CLO named Monroe Capital MML CLO VII with a repricing

BlackRock prices first middle market CLO following Tennenbaum buyout
BlackRock has priced its first CLO backed by loans to middle market companies since acquiring private credit manager Tennenbaum Capital Partners in 2018

Owl Rock surpasses $1 billion 2020 CLO issuance with three-tranche deal
Owl Rock has passed $1 billion in CLO new issue volume for 2020 by printing its third CLO backed by middle market loans since the March sell-off

Cerberus takes lead in mid market CLO volume post-covid
Cerberus Business Finance has become the middle market CLO manager with the highest new issue volumes post-covid by printing its second new issue deal since April

AB returns to mid market CLOs with first new issue post-covid
AllianceBernstein has issued its second middle market CLO of 2020, and its first in the post-covid market environment

MidCap brings CLO resets back with largest deal since sell-off
MidCap Financial, the direct lending arm of Apollo Global, has priced the first CLO reset since February, teaming up with Wells Fargo to repurpose its 2017 vintage CLO named Woodmont 2017-1 Trust. The transaction is the largest in the CLO market post-covid, coming in at a huge $651.8 million

Cerberus ends 10-month CLO absence with tight triple-As
Cerberus Business Finance ends a 10-month absence from middle market CLO new issues by partnering with Natixis to price Cerberus Loan Funding XXVIII

Antares makes middle market CLO return with delayed-draw double Bs
Antares Capital has priced the third largest new CLO amid the coronavirus pandemic, after teaming with BNP Paribas on Friday to place its first primary market transaction of 2020

First Eagle prices one-year mid market CLO
First Eagle has priced its latest CLO backed by middle market loans

Golub puts unfunded single A tranche into mid-market new issue CLO
Golub Capital has slotted an unfunded single A-rated tranche into a new middle market CLO named Golub Capital BDC CLO 4, which priced on Friday via Wells Fargo

Mid-market CLO issuance returns as Fortress prices $390 million deal
Fortress Investment Group has overcome mid-market CLO headwinds to become only the second manager to price a new issue deal since covid-19