More than 45% of Euro CLOs to be out of RP by Q1 2024, Fitch says
More than 45% of Fitch-rated reinvesting European CLOs are anticipated to be out of their reinvestment period by the end of Q1 2024, up from around a third as of April, which could lead to rating pressure for mezzanine tranches in those deals

Barings targets next week for new US CLO
Barings is marketing a new issue US CLO, Barings CLO 2023-II

Signal becomes second debut European CLO manager of the week
Signal Capital priced its inaugural CLO on Friday, becoming the second first-time manager to print a transaction on the continent in just two days

M&G marks re-entry into European primary market with new issue CLO
The world welcomed a new CLO manager on Wednesday as M&G Investments priced a new issue in Europe

CLO and structured credit PM parts ways from Hildene
An experienced CLO and structured credit specialist has left Hildene Capital Management

Debut CLO manager Signal targets next week for Harmonic CLO I
The triple As are understood to be 0.9 times covered, according to an investor update 

Direct lenders grab larger share of loan market despite fundraising slowdown
With Debtwire’s European direct lending conference in London next Thursday, we speak to market participants about the dynamic between European syndicated loan market and direct lending

Price talk revealed on M&G's comeback European CLO
M&G appears to be feline well as its comeback CLO takes shape. Bank of America is serving as lead arranger on M&G's deal, named Margay CLO I

Euro CLO market participants express optimism as Anchorage and Palmer Square price new issues
Two European CLO managers – Anchorage Capital Group (Jefferies) and Palmer Square (BNP) - priced last week, amid an optimistic outlook from the European CLO and leveraged loan outlook panel at Creditflux's Symposium on Wednesday

CLO PM steps away from GLG in London
A CLO portfolio manager at Man GLG is stepping down from portfolio management responsibilities to ‘pursue other interests’

Euro CLO league tables: New faces at the top after a first post-pricing upsize
Only three deals priced in Europe in April for a total of €1.2 billion but even in a quiet month, the European CLO market offered something new

Global CLO league tables - April 2023 YTD
Global CLO league tables - April 2023 YTD

CSAM makes it three-in-a row after Creditflux manager of the year award win
After a tumultuous last few months, Credit Suisse Asset Management is celebrating after winning the Creditflux Manager of the Year award for the third year running. 

Up-tick in M&A signals return of European loan issuance in H2
European CLO market participants are optimistic that new loan issuance will pick up in the second half of the year, with M&A deal-flow on the rise

AlbaCore prepares investment grade and opportunistic CLO strategies with European focus
AlbaCore Capital Group is building out its CLO investment capabilities, with officials at the firm telling Creditflux about the launch of two new CLO strategies — one focused on investment grade CLO tranches and another with a more opportunistic CLO approach

Loan prepayments open up CLO liquidation option
There could be fresh impetus for European CLOs being liquidated amid a pick-up in M&A, which could cause loan prepayment rates to rise.

Past returns: Tracing Fair Oaks’ roots
10 years ago in Creditflux, we reported on Miguel Ramos Fuentenebro’s nascent firm GMB Partners securing its first mandate

Points up front: CLOs: safer than money in the bank
We’ve long extolled the virtues of CLO investments... 

Look deeper to uncover ESG performance in CLOs
New research from Fitch Ratings, which examines ESG Score analysis from Sustainable Fitch, examines how European CLOs are performing on ESG criteria and has confirmed that the wording in documentation really does make a difference — but only if you look below the surface.

Credit hedge fund returns (May 2023)
Credit hedge fund returns

Credit funds at a glance (May 2023)
A round-up of people moves and fund raising

March madness sees most funds give up gains made in Q1
After a positive start to the year, credit funds ended the quarter with a step backwards; just under 30% of those listed reached positive returns for the month.

Anchorage upsizes and targets this afternoon for Euro CLO pricing
Anchorage Capital is looking to price its European CLO this afternoon

CLO PM tipped to join CVC in trading/capital markets role
The hire is understood to reflect the fast growth of CVC's CLO and performing credit business in Europe

BlackRock prints European CLO at tight end of guidance
BlackRock has priced its European CLO new issue, BlackRock European CLO XIV