Axa IM chooses static format for upcoming European CLO
Axa Investment Managers is marketing a static European CLO new issue named Adagio CLO X

CLO rankings: manager AUM, advisory firm and trustees Q3 2022
After a frenzy of acquisitions reshaped the manager assets-under-management tables in the first half of the year, challenging market conditions have slowed the pace of both acquisitions and pricings

Euro CLO league tables: elements combine to give Redding Ridge new issuance lead
Do you remember, the 16th night of September? What a time to be a European CLO manager... 

Global CLO league tables - September YTD
Global CLO league tables - September YTD

Elfa prepares standardised ESG CLO questionnaire
The European Leveraged Finance Association is in the final stages of launching a standardised ESG questionnaire for the CLO market. Sources anticipate it will be published and distributed before the end of the year.

Patchy primary market slows European take-outs
European CLO issuance is reaching a crossroads, with several warehouses ramped while the path to the primary market is hazardous.

Investors urged to look at CLO funds amid PE slowdown
Institutional investors are said to be eyeing CLOs and structured credit as they seek to calibrate duration risk and prepare for recession. In addition, year-to-date performance in private equity portfolios isn’t meeting pension funds’ tough returns targets

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

Experienced CLO investor lands at AlbaCore to launch structured credit business
AlbaCore Capital is launching a new structured credit business as a "natural extension" of its CLO business, according to sources. The manager has hired an Alcentra official to lead the charge

Investors scoop up €228 million of senior European CLOs after record b-wic
Record European CLO secondary volume has been easily digested, with a large $228.2 million b-wic on Tuesday providing a prime example

Euro CLO triple As reach year's widest disclosed levels at 220bp
European CLO triple As have reached the widest disclosed levels of 2022 at 220 basis points over Euribor amid market volatility 

US loan index falls below 92 to almost wipe out gains since July
The S&P/LSTA Leveraged Loan Index sank to an average bid of 91.92 cents by Monday, down by two points in as many weeks, wiping out almost all the gains seen in the late-summer market rally

Apollo reaches for bigger slice of pi(e) with 5% Diameter stake
Apollo Global Management has bought a 5% stake in credit fund and CLO manager Diameter Capital Partners, cementing the relationship between the firms

Partners rejigs cap stack as price talk widens on upcoming European CLO
Morgan Stanley is marketing the deal, which it says will price this week

CLO arrangers and managers prepare for new marketing rule from November
CLO arrangers will need to work together with CLO managers in the coming weeks to ensure compliance, interpret the rules and set guidelines over what they can and cannot communicate with investors without disclosures

European CLOs emerge as gilt-y pleasure for US investors amid record b-wic volume
European CLO b-wics have flooded the market this week with sources indicating elevated supply on Wednesday and Thursday resulted in some of the busiest days on record. Officials at Bank of America say their weekly trading volume approached €1 billion  

Price talk emerges on upcoming CVC European CLO
The manager is targeting pricing for the week commencing 10 October

BofA markets new issue European CLO for GoldenTree
The manager priced its last European CLO new issue in February 2021

CLO debt prices imply default rate exceeding forecasts, says Orchard Global
Current pricing of CLO debt tranches implies a default rate that is "far in excess" of the most pessimistic forecasts, according to Orchard Global Asset Management

Five Arrows and Cross Ocean print Euro CLOs with triple As at 200bp
Five Arrows Managers and Cross Ocean both priced European CLO triple As at 200 basis points over Euribor - one has a 4.5-year and the other a one-year reinvestment period 

Oaktree targets next week for Euro CLO
Oaktree Capital Management plans to price a European CLO named Arbour CLO XI next week

Partners Group looks to join issuance surge with Euro CLO
Partners Group is bringing its second new issue CLO this year

Barclays hires European ABS trading head
Barclays has hired a head of European ABS/RMBS/CMBS trading in London

Former Euro CLO portfolio manager lands at Fitch
A former Investcorp CLO portfolio manager has resurfaced at Fitch Ratings