European CLO issuance spree continues with new Trinitas deal
Trinitas wrapped up the week by pricing its sixth CLO of the year and its second deal in Europe

First debut manager of 2024 prices
Yesterday afternoon saw the upsized pricing of a European CLO that marks the first market debutante to emerge this year

Details emerge of Contego X reset
Five Arrows Managers announced a reset of their 2022-vintage Contego CLO X earlier this week, with leaked pricing info now available

Funds round up: April 2024
Allocations to private credit and new fund launches continued to roll out in April, as our monthly round-up confirms

Northwestern CLOs keep getting tighter as deal five prices at 153bps
Loan tranches at the top of the stack seem to be everywhere these days, with Northwestern Mutual Investment Management the latest to take that approach to the structure of a new US BSL CLO

Alcentra prints second European CLO of 2024
Alcentra’s second CLO of the year, a new European issue was arranged by Deutsche Bank and priced at the end of last week

US CLO triple-As join Europe at 145bps
The print of a new US BSL CLO on Tuesday set a new level for pricing in 2024, as spreads continue to tighten

Nuveen resets short-dated CLO from 2023
Nuveen on Tuesday priced a reset of Symphony 30, a short-dated US BSL from last year

Debut manager markets first European CLO
A new European CLO manager is in the market with its first CLO, with the deal expected to price in the next few days

New European CLO prices with triple As at 145
After the lowering of the current European CLO triple-A benchmark last week, levels continued to tighten today

Short-dated 2021 vintage US CLO gets a reset
ArrowMark has reset its short-dated Elevation CLO 2021-12, taking what was already a complicated structure and making it even more so

US CLO refinances with 110bps senior spread
Spreads on US refis hit a new yearly tight on Friday, when KKR refinanced one of its 2013-vintage deals

Fidelity’s Ballyrock returns to CLO new issue market
Fidelity Investments, through its subsidiary Ballyrock Investment Advisers, on Monday priced its first new US CLO of 2024

Europe sees another tight print
CVC added to last week’s rush of European deals with CVC Cordatus Loan Fund XXXI – the manager’s seventh transaction of the year

European CLO triple As hit 146
European senior spreads hit a new tight last week in a new CLO with the tightest weighted average cost of capital of any European CLO so far this year

Another 2016 vintage CLO gets reset as Octagon stays busy
Octagon Credit Investors reset its 2016 vintage Octagon 28 for a second time on Thursday

Beach Point brings in tight price for third US CLO
Beach Point Capital Management returned to the CLO market on Wednesday with its third transaction since its debut in late 2021

WAMCO keeps the resets rolling with rework of 2023 CLO
Western Asset Management Company (WAMCO) has reset Crown City CLO V, a 2023 vintage BSL CLO

Elmwood resets 2021 vintage US CLO
Elmwood Asset Management this week priced its second transaction in seven days, hot on the heels of its new issue at the end of last week

Palmer Square paves new ground pricing BSL BDC CLO
Palmer Square Capital BDC on Wednesday priced the industry’s first business development company CLO with BSLs as the collateral

AXA wins USD 400m for SRT strategy from US pension fund
The growing global demand for SRT transactions was confirmed yesterday with an announcement from AXA IM Alts that it had been awarded a USD 400m investment mandate from a US pension fund

Australian private credit fund-of-funds launched for retail investors
Pengana Capital Group has launched a private credit fund for retail investors that will be listed on the Australian Stock Exchange

European reset highlights weakness in mezz despite robust senior demand
Partners Group priced its second European CLO of the year last Thursday – a EUR 406m reset of the 2022-vintage Penta CLO 12

US resets continue as Redding Ridge joins in
Apollo’s Redding Ridge Asset Management on Friday reset a 2018 vintage US BSL CLO

Sycamore resets and upsizes 2023 vintage CLO
Sycamore Tree CLO Advisors has reset and upsized Sycamore Tree CLO 2023-3, adding USD 6m in equity as well as USD 127m of debt