Whitebox completes the set as it resets its latest CLO
The deal means the manager has reset all four of its current deals in the last 10 months

2020 vintage US deal Whitebox CLO II gets second reset
Whitebox's third reset this year is of a 2020 vintage US BSL CLO that was previously reset in 2021

Whitebox goes short-dated for US CLO reset
Whitebox converted its 2021-vintage 2Y/5Y CLO into a 1Y/3Y deal as part of an impressively tight reset 

Barrow Hanley and Whitebox think alike to launch US CLOs
Two US CLO managers pricing deals within 24 hours of each other is far from uncommon. But when Whitebox Advisors priced its comeback CLO last week on Thursday it could hardly have fathomed that a sibling CLO from Barrow Hanley would price just hours later

AIG, Five Arrows and Whitebox join CLO reset gravy train
AIG Asset Management, Five Arrows Managers and Whitebox Capital Management have all reset CLOs, with the three deals amounting to $1.16 billion

Whitebox prints its largest CLO to date
Whitebox Capital Management priced its largest CLO to date on Friday, pairing with Goldman Sachs to print the $423.12 million Whitebox CLO III

US CLO pipeline: 1.0 manager returning, Carlyle going for CLO 10 as market goes to 100
Never in 1,000 years would the critics have expected this 

Whitebox returns after 13 months to issue second CLO
Whitebox Capital Management has priced the second new CLO in its history, with a new $404.4 million transaction named Whitebox CLO II

CLO pipeline: a marathon for some, a sprint for others
Following a week in which there were three US CLO refinancings, one new issue CLO and one upsizing, three more US CLO managers are marketing latest new issue CLOs after varying times away

Whitebox targets $400 million for structured credit fund
Whitebox Advisors is looking to raise $400 million for its latest structured credit fund, Whitebox Advisors Term Credit Fund III, according to market sources

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

Two roads diverged in the CLO wood

Indiana pension hires ICG as it shakes up credit portfolios
Indiana Public Retirement System (INPRS) has shaken up its credit and fixed income allocation, either by committing to new funds, or by restructuring its portfolios, according to documents seen by Creditflux  

CLOs at a glance

A round-up of CLO performance

US CLO league tables: JP Morgan narrows gap to Citi in new issues to $50 million
July saw $14.9 billion of issuance in the US CLO space with $9.4 billion of that in new issue CLOs. One of the transactions brought to the market was Whitebox Capital Management’s debut CLO, Whitebox I.

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions

Whitebox debuts with $401 million CLO
Whitebox Advisors yesterday became the seventh debut US CLO manager of 2019, according to market sources

CLO pipeline: managers return in force after varying time-outs
CLO managers in all markets are taking the view that the time is ripe to print their latest deals. There are 30 transactions in the US CLO pipeline this week with a further four in the middle market space and Europe

Fresh out the box: manager readies debut CLO via JP Morgan
A US fund manager is launching its debut CLO - and there's not much in the way of triple A debt 

Former Whitebox duo to tackle distressed debt with new asset manager Invictus
Two former Whitebox employees have teamed up to launch Invictus Global Management

CLO manager base to boom as four debut managers plan first-quarter launch with JP Morgan top choice of arranger
The US CLO market welcomed four new managers in 2018, but this year the same number could be launching in just the first quarter

BAML structured credit specialist joins hedge fund manager in New York
A structured credit specialist has left BAML after nine years in order to move to the buy side