UK-based manager looks to restart European infra CLO market
RM Funds, an Edinburgh-based infrastructure debt investor, is looking to launch the first European infrastructure CLO since 2008

Second US infrastructure CLO this year prices
DWS Group has priced the latest of its infrastructure-focused RIN series of CLOs, with a USD 350m deal arranged by Société Générale

New infrastructure CLO prices with support from two DFIs
Bayfront Infrastructure Management priced a new APAC infrastructure CLO yesterday, drawing support from a number of government-funded investment programs

Private equity firms are becoming CLO converts: TwentyFour
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense"

CLO investors show more signs of optimism than other ABS: Barclays
CLO investors attending the Global ABS conference in Barcelona were more upbeat than those that work in residential mortgage-backed securities and other ABS, say Barclays securitised credit strategists. But the overall mood was sombre

Infra CLO becomes first to opt for solely Sofr benchmark
The first CLO to dine completely on Sofr tranches wasn’t a run-of-the-mill deal. Instead it was an infrastructure-loan securitisation issued by Starwood Capital at $500 million, named STWD 2021-SIF2, according to market sources

First Euro CRE CLO points to likely growth market
CRE CLOs have been identified as a likely growth market in Europe following the successful pricing of the first transaction on the continent, according to sources

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

CLOs are here to help with infrastructure expansion
Issuers of CLOs backed by infrastructure debt are looking forward to a boom as investors turn to infrastructure projects as a way out of the pandemic slump

DWS wraps fourth infra CLO
DWS Group has issued its fourth CLO backed by infrastructure credits

Goldman prints infrastructure debt-backed CLO for London and Seoul-based firms
Goldman Sachs has issued a $233.3 million CLO designed to finance infrastructure projects. The deal, named Sequoia Infrastructure Funding I, names London-based Sequoia Investment Management Company as investment advisor and Seoul-headquarterd Shinhan Alternative Investment Management as collateral manager

Credit Rendezvous: record fiscal stimulus provides pick-me-up
Credit markets had a mini bounce-back in the second quarter as central banks poured cash into the economy. But there is great uncertainty about the effects of a second wave of coronavirus. As part of our quarterly report on credit - the Credit Rendezvous - Creditflux spoke to experts across 12 segments of the credit market

US CRE CLO growth spurt encourages Europeans
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.

CRE CLO volume grew 40% in 2019, says Kroll, as Bridge preps first 2020 deal
$19.2 billion of CRE CLOs were issued last year - a 40% increase from 2018 figures. The first deal of 2020 is underway

Värde taps growing CRE CLO market for the third time
Värde Partners closed a $627 million CRE CLO last week via Goldman Sachs

CRE CLO issuance beats 2018 totals
After a 12.5% increase in year-on-year first quarter issuance, the first half of 2019 turned up the heat with a 30% year-on-year increase to $9.1bn in CRE CLO issuance, according to Kroll Bond Agency.

Starwood Property makes big splash in CRE CLO market
The debutant to issue a CRE CLO that represents 12% of the market's H1 2019 issuance

Bridge markets fourth CRE CLO
With three prior deals outstanding, Bridge Investments last visited the market in December

CRE CLO issuance climbs in Q1
SImilarities in structure rival differences in credit analysis

Liquidity and disclosure issues threaten potential CRE CLO market
Most investors that participate in the commercial real estate CLO market want to increase their exposure. But the lack of liquidity and standardised disclosure is holding them back.

CRE CLO prices at record tights
A new CRE CLO issued by Resource Capital Corp has achieved the tightest pricing since the crisis