Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

New European CLO priced by Investcorp
Investcorp paired up with Deutsche Bank to price one last European deal before the start of this year’s Global ABS Conference

Barings prices new US BSL deal
Barings on Friday printed a new US BSL CLO, with a senior tranche of triple-A notes at SOFR plus 143bps

Oak Hill prints third new US BSL CLO of 2024
Oak Hill Advisors has returned to the primary market with a new US BSL for the third time this year, and spreads in the new deal are even tighter than in the previous two

CIFC resets 2021 vintage CLO
CIFC Asset Management on Friday reset one of its US BSL CLOs that priced at the start of 2021

Hayfin prices short-dated reset of European CLO
A reset of Hayfin Emerald CLO X came with a twist – a short-dated, two-year reinvestment schedule

2022-vintage Apollo European CLO gets mezz-only refi
With four 2022-vintage CLOs being reworked in a single day, the anticipated boom in European reset and refinancing issuance kicked off in earnest on Friday

Invesco prices mezz-only European CLO refi
Last Friday also saw the pricing of two unusual mezz-only refis. Jefferies arranging the reworking of one of them, Invesco Euro CLO VIII

Trinitas resets 2022 vintage European CLO
The European market saw a rush of pricing activity late on Friday, including an upsized reset of a European 2022-vintage Trinitas CLO

Carlyle gets tightest middle-market reset senior spreads of 2024
Carlyle has reset its Carlyle Direct Lending CLO 2015-1R, a 2015 vintage with an unusual history, with the tightest senior spread in a middle-market reset this year

WAMCO prints its first new US CLO of 2024
Western Asset Management Co (WAMCO), working with Morgan Stanley as arranger, has priced its first new US BSL this year.

Reset craze continues with hefty 2018 vintage deal from UBS
UBS, formerly known as CSAM, has reset its Madison Park Funding XXXI CLO, a 2018 US BSL vintage deal

Palmer Square hits the mark with new US CLO
Palmer Square has continued its rapid pace of issuance this year, with its twelfth deal of 2024 pricing tight up and down the stack

Napier Park refinances a reissue
Napier Park yesterday came to market with its eighth deal of the year – a  partial refinancing of its US CLO Regatta XIV Funding

Barings prices first European new issue CLO this year
Barings has priced its first European deal of 2024, a EUR 407.85m CLO arranged by BNP Paribas

PGIM Private Capital launches ELTIF
PGIM Private Capital rolled out its first European long-term investment fund as managers continue to adopt the new fund structure

2019 vintage US CLO is refinanced for the second time
MJX Asset Management priced a second refinancing of a 2019 vintage CLO on Wednesday, following an initial refi that took place in 2021

2019 Oaktree US BSL CLO gets reset
After printing a European reset two weeks ago, Oaktree headed back to the market on Tuesday with a US reset this time

Shenkman refinances 2018 vintage CLO
Shenkman Capital Management has priced a refinancing of Romark CLO II, a US BSL CLO from 2018

European CLO round-up: senior spreads grind tighter in busy week for the market
Last week proved a busy one for European issuance, with no fewer than five deals pricing, all with AAAs below 150bps

Anchorage prices first European CLO this year
Engaging in its first primary market activity in Europe this year, Anchorage Capital priced a new-issue CLO on Friday 

Ares prices third CLO this month
Ares’ priced its third deal of the month on Friday – a US BSL new issue CLO that reflected the market’s steady move tighter.

Golden Tree prices with triple-As at 142bps in its third new CLO of 2024
GoldenTree on Tuesday printed GoldenTree Loan Management US CLO 21, a new US BSL with triple-A notes priced at SOFR plus 142bps

US triple As hit 140 as low-levered CLO prices
A new low-levered US CLO from AGL Credit Management priced today with the tightest triple As seen this year

MM CLO senior spreads gap in to just 168bps in new deal
A new, super-sized middle market offering priced on Tuesday via Bank of America, setting a new tight for middle market spreads in the process