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Blackstone rethinks captive equity strategy
10 months ago
Blackstone has announced proposals to wind down its existing risk retention vehicle, Blackstone Loan Financing Limited (BGLF). -
Euro risk retention becomes must-have feature for US CLOs
1 year ago
For the past four years, risk retention-compliant US CLOs have been viewed as a luxury. But today issuers see a clear advantage to putting skin in the game -
US CLO managers with eye on Europe opt for risk retention
2 years ago
The US CLO market celebrated as domestic risk retention requirements were overturned in February 2018, but issuers are increasingly taking down 5% of their CLOs voluntarily with a view to satisfying European risk retention rules -
European CLO managers switch legacy deals to originators ahead of Brexit deadline
3 years ago
A few European CLO managers are undertaking house keeping ahead of the end of the Brexit transition period in January, by switching the method by which their legacy CLOs comply with risk retention from sponsor to originator -
Early March European CLO makes it through the sell off with 5.4% risk retention
3 years ago
One of the last European CLOs to price before the primary market shut down in March has disclosed the fair value of its notes post-closing, which shows that it has a reasonable 38 basis point cushion against risk retention deficiency -
Back from the dead: CLO risk retention resurfaces in the US
4 years ago
Risk retention is making an unexpected comeback in the US CLO market as more managers look to structure their deals to comply with European risk retention regulations -
GSO aims to place US CLOs in Europe
4 years ago
GSO Capital Partners has launched a manager entity named Blackstone/GSO CLO Management LLC in an effort to sell US CLOs into Europe. -
CLO market holds breath as Japan risk retention looms
5 years ago
Risk retention compliant US CLOs could make a comeback after the Japan Financial Services Authority (JFSA) unveiled its proposed new risk retention framework, which could tie the hands of the world’s biggest buyers of US CLOs -
Control equity in recently reset Apollo European CLO goes on the auction block
5 years ago
Control equity in Apollo Global Management’s European CLO will be up for grabs next week -
CLO managers see risk retention hurdles as Brexit approaches
5 years ago
Barriers are emerging to UK-based CLO managers seeking risk retention compliance via both the sponsor and the originator route as the country edges closer to Brexit, sources say. -
Risk retention financing given the green light by EBA
5 years ago
The European Banking Authority published the final draft of its regulatory technical standards for securitisations yesterday -
European-compliant CLOs try to sidestep US risk retention rules
5 years ago
CLOs complying with European risk retention have had to tweak their legal language to avoid coming under US rules, in what has become known as a ‘conditional sales’ approach -
MJX ventures into Europe with risk retention-compliant US CLO
5 years ago
MJX Asset Management priced a new issue US CLO on Friday that is compliant with European risk retention rules -
Cadwalader's Quirolo: start preparing for the new securitisation rules in Europe (video)
5 years ago
Cadwalader partner David Quirolo spoke to Creditflux's Hugh Minch after his panel at the Creditflux Symposium earlier this month -
Chenavari originator aims to take risk retention positon in third party's CLO
6 years ago
Chenavari Toro Income Fund, the closed end fund listed on the London Stock Exchange, is poised to act as the risk retaining party for an upcoming European CLO being launched by a “well established CLO manager” -
Euro CLO managers support sponsors and originators in (almost) equal measure
6 years ago
€20.9 billion worth of new European CLOs priced last year and, according to Creditflux data, there was an almost equal distribution between deals that went the sponsor route and deals that opted for an originator structure -
$47 billion of 2017 US CLO paper was available to Europeans, finds Wells Fargo
6 years ago
40% of US CLOs issued in 2017 complied with European risk retention regulations, according to research by Wells Fargo -
EBA provides clarity on risk retention under STS regime
6 years ago
The European Banking Authority has laid out guidance for risk retention, which provides details on the transfer of risk retenton from one entity to another and what qualifies as a CLO originator -
European CLO managers aim for ‘full compliance’
6 years ago
November has seen an increase in new European CLOs complying with US risk retention rules, with at least five ‘fully compliant’ CLOs pricing -
Nearwater aims to put $500 million to work in global risk retention financing
6 years ago
Start-up company Nearwater Capital has closed on a $500 million capital commitment which will fast-track its move into risk retention financing, sources say. The firm has already deployed capital into CLO risk retention -
Dublin-based manager looks to reset third CLO of 2017
6 years ago
The manager is working with Goldman Sachs to arrange the reset, and is seeking to upsize the deal's debt trances to €373.5 million -
GSO Capital looks to price its fifth euro refi of 2017
6 years ago
GSO Capital aims to refinance €243 million of a 2015 European CLO -
Five Arrows refis entire debt stack in its 2014 European CLO
6 years ago
Rothschild's Five Arrows Managers has entered the CLO refinancing market market by pricing a refi of Contego II, according to market sources -
Investcorp prices refi of 2014 European CLO
6 years ago
Since taking over the former 3i Debt Management platform, Investcorp has been an active issuer of CLOs -
ICG teams up with originator to overhaul 2014 CLO
6 years ago
Credit Suisse yesterday carried out a reset of ICG’s St Paul’s CLO V which not only gives the European CLO a brand new capital structure but also overhauls the way it complies with risk retention rules
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